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Where are Facebook's friends? Stock down after IPOFacebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. Google aiming to close Motorola deal by WednesdayGoogle is planning to complete its $12.5 billion acquisition of cell phone maker Motorola Mobility Holdings before Wednesday.Web series touts funky concept snowboardsIn 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 storesApple 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 readingThis exoplanet could be slowly evaporating until there’s nothing leftIn 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 readingChelsea Dominated Champions League Final on Twitter [INFOGRAPHIC]London soccer club Chelsea won its first Champions League title on Saturday, defeating German side Bayern Munich to become Europe's best team. It was a nail-biting close final match that went down to a penalty shoot-out.Cable cos to share access on 50,000 Wi-Fi hotspotsCable 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 fineA 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 concernsThe 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.Reports: Nasdaq 'embarrassed' at Facebook delayThe CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.These iPhone TV guide apps will help you stay on top of your favorite showsWith the fall TV schedule taking shape, thanks to the network upfront presentations that took place this week, it seems like the right time to step back and look at the apps available to remind us when our favorite programs are going to be on. Sure, fall TV might seem far away now, but it’ll be here before you know it, and a handy digital TV guide is always good to have around, no matter what time of year it is.Apple's Cook top-paid US CEO in 2011: reportApple 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 milestonesYouTube 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 fightThe 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(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]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 campusSAN 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 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. Webcasts push solar eclipse to the massesIt 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. A look at tech companies with recent IPOsHere's a look at how some companies that had initial public offerings of stock since January 2011 are faring. The companies are all loosely Internet-related, though their businesses vary widely.A look at recent tech-industry earningsHere is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:How chips, PCs, services companies are faringA look at how selected companies providing computers, components, services and related software are faring:Subscriber data from Internet service providersSubscriber figures and other data from selected Internet service providers:How the video games industry is faringA look at results from selected companies in the video games business:How consumer-electronics makers are faringA look at how selected makers of phones and other consumer-electronic gadgets are faring:Breaking Up with Google Chrome Is Hard to DoI am still in love with Google Chrome. It's smooth. The tabs open in just the right way. It knows exactly what I want. It feels right. And, not to mention it's one of the best looking browsers I've ever been with. Even all my friends love Chrome -- a rarity. But Chrome, you've wronged me too many times. I shouldn't have to put up with any more flash crashes, something that has turned into more than a daily occurrence. You have eaten far too many blog posts. ... A look at cable, satellite TV earnings reportsHere is a summary of earnings reports for selected cable and satellite TV companies and what they reveal about the industry's prospects:What earnings reports have revealed about adsHere are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising:Court won't reduce student's music download fineA 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. What financial reports reveal about entertainmentHere is a summary of recent financial reports for selected entertainment companies:Judge scolds attorneys in Oracle vs. Google patent trialThe judge presiding over a patent trial pitting Oracle against Google scolded rival attorneys on Monday as deliberating jurors grappled with subtleties of references in computer software code. Facebook shares sink 11 percent as reality overtakes hype(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ... A look at telecom-industry subscriber reportsHere is a summary of reports for selected telecommunications companies and what they reveal about their own and the industry's prospects:Motorola layoffs imminent after Google buyout, report claimsFollowing China’s recent regulatory approval, Google’s $12.5 billion acquisition of Motorola Mobility is expected to close in the next two days. Motorola employees may not be celebrating, however. TechCrunch reported on Monday that layoffs will be hitting the manufacturer imminently. When Google purchased DoubleClick, the company had 1,600 employees, 40% of that which were laid off following the buyout. At the time Google’s acquisition was announced, Motorola Mobility had 19,000 employees. The struggling vendor has already laid off 800 employees as part of a restructuring plan, and now it looks like the company may be forced to go through another round of job cuts. Read Google aiming to close Motorola deal by WednesdayGoogle is planning to complete its $12.5 billion acquisition of cell phone maker Motorola Mobility Holdings before Wednesday.Some investors still await confirmation on Facebook ordersNEW YORK (Reuters) - Some customers of Fidelity Investments, Morgan Stanley and Charles Schwab are still waiting to see if their trades for Facebook shares were completed on Friday. Massive demand for the social networking giant's initial public offering on Friday, which set a trading volume record for U.S. market debuts, led to a 30-minute delay in the start of trading in the stock. After the shares began trading, Nasdaq had problems confirming trade orders to investors, resulting in confusion over what trades had been executed. ...Google provides temporary Cornell science campusGoogle on Monday agreed to provide a temporary home to a high-tech science college run by Cornell University in New York City. EU offers Google last chance in antitrust caseBRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine. Even if Google, the world's most popular search engine, offers concessions to resolve the issue, it will still be under the EU spotlight after fresh complaints about its Android mobile software, the top operating system for Internet-enabled smartphones. ... CableWiFi to offer more than 50,000 free access points to cable subscribersFive major U.S. cable companies have teamed up to offer more than 50,000 free Wi-Fi hotspots to subscribers. The service will be known as “CableWiFi,” and will be offered to customers of Bright House Networks, Cablevision, Comcast, Cox Communications and Time Warner Cable. The service initially launched in New York City and central Florida earlier May, and is set to expand to other markets in the coming months. “This effort adds great value to our high speed Internet customers by providing free wireless Internet access on all of their WiFi enabled devices in our markets and additional areas across the country,” said Nomi Bergman, President of Bright House Networks. The joint press release follows below. Major U.S. Cable Companies Join Where are Facebook's friends? Stock down after IPOFacebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. |
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