Microsoft did not announce a smaller version of its Surface tablet computer, as had been expected.
This story was originally published June 5, and has been corrected to reflect the fact Gowalla was acquired by Facebook in 2011. TheStreet regrets this error.
Correction: An earlier version of the story misquoted Zelvin as saying there is an arms race in cyberspace. That quote has been clarified to say, "We don't want to create an arms race in cyberspace."
An earlier version of this story misidentified the Tesla car model.