This week The Drill Down team takes a look at the battle for your online distributed data, with new features on cloud storage services from Microsoft, Dropbox, and Google. Then, it’s sci-fi billionaires in space!!! as Google’s Larry Page, Eric Schmidt, and director James Cameron launch into a new venture to mine asteroids.

But first, the headlines… Nokia‘s down 30% with a $1.7 BN loss, Anonymous launches a social music service, Facebook pays Microsoft $550 M for former AOL patents, Adobe announces Creative Suite 6 (and subscription-based licenses), and Facebook announces its staggering Q1 financials, including details on its Instagram purchase.

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What We’re Playing With

• Devindra: Republic City Dispatch
• Andy: Paper by FiftyThree
• Dwayne: Pebble: E-Paper Watch for iPhone and Android

Headlines

• Nokia’s Q1 2012 financials: $9 billion in sales can’t stop a $1.7 billion loss
• Anontune: The New Social Music Platform From Anonymous
• Facebook Paying Microsoft $550 Million for Former AOL Patents
• Adobe Officially Unveils CS6 And Its $49/Month All-Inclusive Creative Cloud Subscription Service
• Facebook’s Amended S-1: 901 Million Users, 500M Mobile, Paid $300M Cash + 23M Shares for Instagram

Audible Book of the Week

• Einstein: His Life and Universe by Walter Isaacson

Musical Interlude #1

Hot Topic: Cloud Storage Wars

• Google Drive is here, and you can install it right now
• SkyDrive Builds Up Syncing, Downsizes Free Space
• Dropbox adds link file-sharing; Welcome to the Megaupload club
• Google Drive vs. the competition: pricing plans and perks, compared
• How far does Google Drive’s terms go in ‘owning’ your files?

• “˜Prometheus’ Viral Campaign Launches with a Trip to the Year 2023 with Guy Pearce

• New “˜Prometheus’ Viral Video Introduces Us To Michael Fassbender’s David 8

Musical Interlude #2

Final Word

Private company does indeed plan to mine asteroids”¦ and I think they can do it

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Geeks Of Doom’s The Drill Down is a roundtable-style audio podcast where we discuss the most important issues of the week, in tech and on the web and how they affect us all.

Hosts are Geeks of Doom contributor Andrew Sorcini (Mr. BabyMan), VentureBeat editor Devindra Hardawar, marketing research analyst Dwayne De Freitas, and Startup Digest CTO Christopher Burnor. Occasionally joining them is Techmeme editor Lidija Davis.