What you need to know - 09/20/11

Apple iPad 3 not coming before 2012, say analysts; Unthink unveils the anti-Facebook

If you were hoping to stuff your Christmas stocking with an iPad 3, J.P. Morgan analyst Mark Moskowitz has three words for you: “forget about it." In a newly published report, Moskowitz reports that, in spite of numerous rumors and speculations, a new Apple tablet is not to be seen before 2012.

Multimedia software developer ArcSoft received a $20 million investment from Intel Capital, Intel’s global investment organization, and Tudor Ventures, a venture capital and private equity firm.

Facebook’s platform is so rich that the social app economy has created at least 182,000 jobs and is the source of billions of dollars in wages and benefits to the U.S. economy, according to a study published Monday.

After extensive testing, Google announced the rollout of the first version of Google Wallet, which is available on Sprint Nexus S 4G phones through an over-the-air update.

Mobile video sharing just got a smooth new upgrade from Klip, a mobile app that launched today for iOS devices.  Designed for shooting and sharing, the app allows users to shoot videos from their phone and instantly share with friends in their Facebook, Twitter, YouTube, or email circle.

Magisto, provider of a video editing service, launched and closed a $5.5 million Series B with participation from a new investor—The Li Ka-shing Foundation.

Netflix, which just launched a separate DVD service called Qwikister, failed to secure the @Qwikster Twitter account, which currently belongs to someone who enjoys smoking weed and not spelling words correctly.

Personal Capital, the new personal finance project of former Intuit and PayPal CEO Bill Harris, which just emerged from beta, resembles a Mint or Pageonce on the outset, but it bears a couple of striking differences.

A new study released Monday by the Pew Research Center’s Internet & American Life Project found that of 2,277 adults polled, a full 31% said they prefer texts to talking on the phone.

Practice Fusion, an EMR and healthcare community, raised $6 million in funding with new investors, including Western Technology Investment and Scott Banister.

Quidsi, the parent company of Diapers.com, Soap.com, BeautyBar.com, and most recently Wag.com, has launched a new site just for toy shopping: Yoyo.com.

The masterminds behind the new Unthink, which was unveiled last week, have described their startup so far almost entirely in terms of what it is not, mainly not Facebook, Google+, Twitter, LinkedIn, or Kickstarter. In everything from its name, to its marketing strategy, to the revolutionary rhetoric behind its initial press, Unthink has characterized itself as the opposite of these established social networking sites.