peHUB First Read

Top App: FarmVille is still the most popular Facebook app but guess what comes in second?

Shocker: Cisco plunges after forecast falls short of estimates.

Twitter Isn’t a Social Network: Who are all these Tweeple, from Brian Solis.

Free Speech or Not: Amazon removes pedophile how-to-guide book

No FB: Google isn’t building a Facebook rival. Also, Google fires engineer that leaked memo about 10% pay raise.

No Deal: Symantec is not up for sale and the company hasn’t hired bankers…yet.

Not That Great: Don’t be fooled by GM’s $2 billion profit, according to Breaking Views.

Talking Again: Newsweek-Daily Beast merger discussions back on.

Bowing Out: Blackstone, Goldman withdraw funds from Harbinger Capital.

Too Much Risk: Merrill Lynch had a “Voldemort book,” which was a portfolio of more than $30 billion in super senior collateral debt obligations that Merrill kept on its balance sheet. No lie.

In Play Finally: BJ’s has hired Morgan Stanley to advise on an auction (it’s already working with Greenhill). So where’s Leonard Green?

Leaks: UBS ousted as underwriter for GM IPO after employee sends unauthorized leak.

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