peHUB Second Opinion 7.1

Zynga, the troubled online social gaming company, has a new CEO.

Entrepreneur Michael Birch just paid $1 million to acquire Bebo, the social network he sold to America Online four years ago for $850 million. In cash.

Apple has applied for a trademark for “iWatch” in Japan.

How Google is killing organic search.

Homepolish, the startup that decorates startups. (Really.)

Y Combinator’s Paul Graham’s not-at-all-self-serving advice to VCs is to move quickly and take less equity.

What happens when Citibank messes with a financial blogger.

Saving American Standard.

Steinway Musical Instruments has a new private equity owner.

Blackstone and  Warburg Pincus are among those bidding for Carlyle Group’s aerospace communications firm Arinc.

The summer the bicycles took control.

Image: People wait on a street in front of an Apple store as they await sales of the new iPad in the Apple store in Munich March 16, 2012. Credit: Reuters/Michaela Rehle