* Nintendo pulled the wraps off its highly-anticipated new home videogame console, the Wii U. During the press event, the company emphasized the actual gaming experience over hardware specifications, though it was pretty quickly established that games would be in high-definition, a first for the company’s home consoles. The innovative part? A new controller packing a 6.2-inch touchscreen, a gyroscope and accelerometer enabling a Wii-like motion-based experience, video camera and microphone for video chat, and vibration feature. Check out our quick video analysis of the unveiling for more.

[cnnmoney-video vid=/video/technology/2011/06/07/t-tt-nintendo-wiiu.fortune/]

* Just one day after announcing iCloud, iOS 5, and OSX Lion, Steve Jobs gave a 20-minute presentation to Cupertino’s city council pitching his plans for Apple’s new headquarters: a four-story circular building resembling a spaceship big enough to house 13,000 employees. Here’s a full clip of the event. (Fortune)

[youtube=http://www.youtube.com/watch?v=gtuz5OmOh_M]

* Square is reportedly raising another $50 million at a $1 billion-plus valuation and also adding Khosla Ventures founder Vinod Khosla to its Board of Directors. (TechCrunch)

* Rumor of the day: Microsoft is thinking about a branded tablet running Windows 8 that would launch by the end of 2012. (DigiTimes)

* Twitter reintroduced native link shortening to users, a feature that was dropped from the social network’s 2010 redesign. (Twitter)

* AdParlor CEO Hussein Fazal predicts Facebook will surpass Google in ad sales. (TechCrunch)

* Meanwhile, mobile advertising is climbing fast. According to ComScore,  689 advertisers used mobile display advertising campaigns last April, a 128% increase compared with the same time two years earlier. (Los Angeles Times)

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