Online payments platform and PayPal competitor WePay is announcing its growth data for 2011, and revealing details on the startup’s product strategy for 2012. In case you aren’t familiar, WePay is a Y Combinator backed startup that launched in 2009 to take the hassle out of group paying. Unlike some of its competitors, the service was able to dead simple way to collect, manage and spend money for groups.

On WePay, you can create a unique, FDIC insured account for each group. While the account is still associated with your name, but you can keep each group account totally separate from your personal transactions. Group money can essentially be kept separate from any individual accounts you may have. You can also designate specific individuals to have control over accounts.

Brazilian social gaming giant Vostu is laying off an undisclosed number of employees, we’ve learned. Vostu, which has raised $46 million from Intel Capital, Accel Partners, General Catalyst, and Tiger Technology Global Management; is one largest social gaming companies in Latin America. The gaming company was founded in 2007 by three Harvard classmates: CEO Daniel Kafie, chief scientist Mario Schlosser, and Joshua Kushner.

It’s unclear what’s caused the layoffs but Vostu is fresh off of a settlement with Zynga over copyright issues. As we’ve reported in the past, Zynga hit Vostu with a massive lawsuit in June of 2011, alleging that the company was copying Zynga’s games. In fact, Zynga alleged that Vostu was copying Zynga’s games so closely that they even inadvertently included the bugs.

Television is going the way of the dinosaur, and the deadly comet is called BitTorrent Live. Today, Bram Cohen, the author of the BitTorrent peer-to-peer sharing protocol, demoed his latest creation at the SF MusicTech Summit.

BitTorrent Live lets any content owner or publisher stream video to millions of people at good quality and with just a few seconds of latency…for free or cheap. Sports, news events, simulcast TV shows, education, video conferencing, or uncensored warzone broadcasts — this technology will power the future of video.

In what may, in a couple years, be remembered as a telltale remark of overconfidence, Samsung’s AV product manager said today in an interview “TVs are ultimately about picture quality. Ultimately. How smart they are…great, but let’s face it that’s a secondary consideration.” Pride goeth before a fall, Samsung!

It’s true in a way. But only in the dumbest possible way. Yes, TVs are about picture quality. Because that’s all Samsung and Sony and Sharp have been willing to improve for the last half a century. As soon as someone comes along and changes what TVs are “ultimately about,” it’s going to be a bloodbath. Will it be Apple? I don’t know. But it sure as hell doesn’t look like it’s going to be Samsung.

Shares of Apple (AAPL) closed above $500 today for the first time, ending the day at $502.60. Apple, the world’s most valuable company, now boasts a market capitalization of almost $470 billion. That is up 9 points from yesterday’s close, and up more than 80 from where the stock was the day Apple announced its impressive quarter on January 24th. Everybody was blown away by the numbers.

The $500 mark is a psychological milestone. But many Apple bulls have been predicting it. What you need to look at really is the market cap.