Monday, May 21, 2012

Where are Facebook's friends? Stock down after IPO

Where are Facebook's friends? Stock down after IPO


Where are Facebook's friends? Stock down after IPO

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FILE - In a Friday, May 18, 2012 file photo, curious bystanders watch through the Nasdaq windows as Facebook shares begin trading, in New York. Facebook's stock is sinking nearly 7 percent, Monday, May 21, 2012, falling below the $38 IPO price, in the social network's second day of trading as a public company. (AP Photo/Richard Drew, File)Facebook was supposed to soar. Instead, it plunged.


Yahoo's $7.1B deal with Alibaba offers ray of hope

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FILE - In this Aug. 11, 2005, file photo, a man walks past a screen displaying the Yahoo and Ali Baba.com logos before a joint news conference by the companies at the China World hotel in Beijing. Yahoo announced that it has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. (AP Photo/Elizabeth Dalziel, File)After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.


Web series touts funky concept snowboards

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Signal Snowboards bass guitar modelIn the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel's "How It's Made" — except with a lot more sass and a funkier setting.


Apple being offered free rent just to open up stores

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Apple Stores are increasingly seen as a sign of affluence, a sign that a neighborhood "has arrived." It turns out that some cities are more anxious to arrive than others, offering Apple sweetheart deals to open new stores — deals … Continue reading

This exoplanet could be slowly evaporating until there’s nothing left

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In a system 1,500 light years away from us, there may be a world so hot that its surface could have started evaporating, forming a tail of gas and dust escaping into space. Worlds end usually because their parent stars … Continue reading

Oscar de la Renta Sells Runway Look Exclusively Through The Fancy

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[More from Mashable: Ecommerce in China: How the World's Biggest Market Buys Online]

Google aiming to close Motorola deal by Wednesday

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Google is planning to complete its $12.5 billion acquisition of cell phone maker Motorola Mobility Holdings before Wednesday.

Cable cos to share access on 50,000 Wi-Fi hotspots

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Cable TV companies are trying to give their customers another reason not to cancel their service: better access to Wi-Fi hotspots.

Court won't reduce student's music download fine

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FILE - In this July 30, 2009 file photo, Joel Tenenbaum, from Providence, R.I., poses outside federal court in Boston, after taking the stand in his defense in his copyright-infringement trial. On Monday, May 21, 2012, the U.S. Supreme Court refused to hear an appeal from Tenenbaum, who was successfully sued by the Recording Industry Association of America for illegally sharing music on peer-to-peer networks. In 2009, a jury ordered Tenenbaum to pay $675,000, or $22,500 for each song he illegally downloaded and shared.(AP Photo/Bizuayehu Tesfaye, File)A former Boston University student who was ordered to pay $675,000 for illegally downloading and sharing 30 songs on the Internet says he will continue fighting the penalty, despite the Supreme Court's refusal Monday to hear his appeal.


EU gives Google 'weeks' to ease antitrust concerns

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The European Union has given Google "a matter of weeks" to propose remedies to antitrust concerns arising from its alleged dominant position in the online search market.

Unleash your hidden DJ potential with the Turntable.fm Android app

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Have you always dreamed of being a DJ? Well, even if you thought becoming a spin master just was not in the cards for you, you might just change your mind when you witness the free Turntable.fm app for Android. It's a social music app made for getting the party started on your mobile device. You can unleash your inner DJ to entertain your online fan club.

Alibaba repurchases half of Yahoo’s stake for $7.1 billion

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Alibaba repurchases half of Yahoo's stake for $7.1 billionAs Yahoo's struggles continue, the company is looking to cut costs and dig up cash wherever it can. Yahoo announced plans last month to lay off 2,000 workers, or nearly 15% of its staff, and before that it filed a "puzzling" patent lawsuit against long-time partner Facebook. Now, Yahoo will sell half of its 40% stake in China-based retail giant Alibaba. Led by Chinese Internet entrepreneur Jack Ma, Alibaba will repurchase part of Yahoo's holdings in the e-commerce firm for $7.1 billion as it prepares to take the company public. The deal, which was announced in a joint statement on Monday, will see Yahoo sell half its stake in Alibaba for $6.3 billion in cash and as much as $800 million in new preferred


Nasdaq seen struggling with aftermath of Facebook IPO

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Monitors show the value of the Facebook, Inc. stock during morning trading at the NASDAQ Marketsite in New YorkNEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image. Initially, the exchange said it plans to set aside $13 million to resolve bad trades, and even if all of that was used, the cost would be minimal compared with the $387 million in net income it reported last year. The bigger hit to Nasdaq's business is likely to come from the damage done to its reputation by the stumble. ...


Port Authority to debut avatar at NY-area airports

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She smiles, answers questions and can guide you to the nearest restroom or to your connecting flight.

Chrome passes Internet Explorer to become world’s most popular browser

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Chrome passes Internet Explorer to become world's most popular browserGoogle's Chrome Web browser has continued to gain market share since its introduction in 2008. Despite surpassing Internet Explorer in select regions and on weekends, Google's browser has never been able to dethrone Microsoft in global usage share. According to new numbers from StatCounter, however, Google's browser has finally averaged higher traffic than Internet Explorer for the first time over a full seven-day stretch. From May 14th through May 20th, the Internet giant's Web browser garnered a 32.76% share, ahead of Microsoft's 31.94% and Mozilla Firefox's 25.47% share. At the start of this week, however, Chrome's share began to slide, falling to 31.88%, just ahead of Internet Explorer's 31.47% share. Read


Apple still dominates world's top brands: study

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Two men stand in front of an Apple logo outside an Apple store in Shanghai(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published on Tuesday. The iPhone and iPad maker has boosted its brand value by 19 percent in the past year to $183 billion, or 37 percent of its market capitalization, according to the annual BrandZ study by leading brands and market-research agency Millward Brown. ...


Slide Is an iPhone Game You Already Know How to Play

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There are tons of iPhone games out there with complicated rules, levels, and moves to learn. One game, called Slide, is making learning how to play much easier by having you do something you already know how to do: unlock your phone.

Foxconn to invest $210M in new Apple production line

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Foxconn to invest $210M in new Apple production lineFoxconn, the manufacturer of Apple's iPhones, iPads and Macs, plans to invest $210 million in a new Apple production line in China's east Jiangsu province in October, according to a report from China Daily. The 40,000 square meter plant will employ as many as 35,800 workers and will be located in Huai'an City. The office of Taiwan Affairs of Huai'an City confirmed that the plant will house a production line for Apple devices and is expected to output between $949 million to $1.1 billion a year. The report did not indicate which Apple products would be assembled at the new plant, however. Read


Where are Facebook's friends? Stock down after IPO

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FILE - In a Friday, May 18, 2012 file photo, curious bystanders watch through the Nasdaq windows as Facebook shares begin trading, in New York. Facebook's stock is sinking nearly 7 percent, Monday, May 21, 2012, falling below the $38 IPO price, in the social network's second day of trading as a public company. (AP Photo/Richard Drew, File)Facebook was supposed to soar. Instead, it plunged.


Ex-Yahoo executive pleads in insider-trading case

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A former Yahoo executive and a hedge fund manager have pleaded guilty in New York to an insider trading charge.

Oscar de la Renta Sells Runway Look Exclusively Through The Fancy

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[More from Mashable: Ecommerce in China: How the World's Biggest Market Buys Online]

Manage Your Facebook Page From this New App

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Facebook unveiled its new app on Monday that lets you manage your Facebook profile from your iPhone.

Want to Shop With Your Friends Online? Try This Site

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The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.

Android App Offers a Sleep Report Card

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The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.

Hulu looks to take on Netflix with new original shows

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Hulu looks to take on Netflix with new original showsHulu on Monday announced 10 original and exclusive TV shows that will premiere this summer, including one from writer-director-actor Kevin Smith. Smith, known for the cult classic Clerks and numerous other films, will host a half-hour movie "revue" for movie lovers, which will be available on Hulu and Hulu Plus beginning June 4th. "I have always wanted to do a show that provides an open forum for real fans to discuss real movies in real time and that's what 'Spoilers' is about. As a filmmaker and lover of movies, I understand that ultimately it's the fans who make the film. So in this show, we do not review movies, we revere them," said Smith. In August, Hulu will launch a


Developments in Google's bid for Motorola Mobility

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Here are some key developments in Google's Inc.'s planned acquisition of Motorola Mobility Holdings Inc.:

Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion

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Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion as a result of the deal but said it might instead opt to distribute some of the proceeds through a dividend. The sale, announced on Monday, gives Yahoo $6.3 billion in cash and up to $800 million of new Alibaba preferred stock. After taxes, Yahoo will clear $4.2 billion. ...


Webcasts push solar eclipse to the masses

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The moon slides across the sun, showing a blazing halo of light, during an annular eclipse at a waterfront park in Yokohama, near Tokyo, Monday, May 21, 2012. Millions of Asians watched as a rare It was one of the best places in the western United States to watch the annular solar eclipse, and people drove for days just to get to this dusty stretch west of Albuquerque.


Google CEO Larry Page on Charlie Rose -- Talks Facebook, Future of Google

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Google CEO Larry Page talks Facebook, Oracle and the future of Google in an interview airing Monday night on Charlie Rose.

Unleash your hidden DJ potential with the Turntable.fm Android app

Posted:

Have you always dreamed of being a DJ? Well, even if you thought becoming a spin master just was not in the cards for you, you might just change your mind when you witness the free Turntable.fm app for Android. It's a social music app made for getting the party started on your mobile device. You can unleash your inner DJ to entertain your online fan club.

Going public: Key developments in Facebook's IPO

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Key developments in Facebook Inc.'s initial public offering of stock:

NBA's Brooklyn Nets Become First Sports Team on Socialcam [VIDEO]

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A couple weeks after unveiling a new logo and a few months before moving into a new arena, the NBA's Brooklyn Nets have hopped on the bandwagon of one of social media's hottest new apps.

Yahoo's $7.1B deal with Alibaba offers ray of hope

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FILE - In this Aug. 11, 2005, file photo, a man walks past a screen displaying the Yahoo and Ali Baba.com logos before a joint news conference by the companies at the China World hotel in Beijing. Yahoo announced that it has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. (AP Photo/Elizabeth Dalziel, File)After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.


Apple's Cook top-paid US CEO in 2011: report

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Apple CEO Tim CookApple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above his next rival, a Wall Street Journal survey showed Monday.


At seventh birthday, YouTube marks new milestones

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YouTube logoYouTube celebrated its seventh birthday by saying it has hit fresh milestones in terms of its offerings and the amount of time spent on the video-sharing website.


Judge directs truce talks in Apple-Samsung patent fight

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Apple CEO Tim CookThe chiefs of iPhone-maker Apple and smartphone giant Samsung were to be in patent war truce talks on Monday at the direction of a judge who asked them sidestep a court battle.


Early Facebook mutual fund buyers still in money

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(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were priced at $38 per share in its initial public offering on Thursday. Despite an initial bump in their market debut on Friday, the shares fell on Monday, closing down 11 percent at $34.03. The decline prompted much hand-wringing among technology investors who had expected a bigger boost for the widely used social networking service. ...

Ubisoft’s Ghost Recon comes to Facebook [video]

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Ubisoft's Ghost Recon comes to Facebook [video]Facebook, the world's largest social networking site, is filled with a large selection of social and casual games, such as Draw Something, Words With Friends and FarmVille. While the topic of Facebook gaming is widely discussed, there isn't much there in the way of titles that would attract the hardcore gaming crowd. Ubisoft is looking to change that, however, with the release of Tom Clancy's Ghost Recon Commander. The game, unlike its console counterpart, is not a first-person shooter but instead a 2D game with an overhead viewpoint that contains both social and more complex aspects. Players are given the option to invite and team up with their Facebook friends to form alliances and complete a variety of missions. The


Apple seeks support for new spaceship-like campus

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A bouquet of flowers in honor of the passing of former Apple CEO Steve Jobs lies in front of the sign of Apple headquarters in Cupertino, CaliforniaSAN FRANCISCO (Reuters) - Apple Inc's chief financial officer is asking the residents of Cupertino, California, to support the company's new 2.8 million square foot spaceship-like campus, which critics say would increase traffic and pressure city services. In a brochure mailed last week to its neighbors in the Silicon Valley city, Apple's CFO Peter Oppenheimer asked them to write a letter, attend a public meeting, or let the company use their names in support of its building plans, according to one of the people who received it. ...


Another Swing at the Invisibility Cloak; Loud Music Is for the Bad Kids

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Another Swing at the Invisibility Cloak; Loud Music Is for the Bad KidsDiscovered: Another invisibility cloak, science confirms sex goes with drugs and rock 'n roll, the dolphins are eating a lot of poison and video games teach kids how to be the best murderers they can be.


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