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Thursday, May 17,2012

Facebook Prices IPO at $38 a Share; Value of Company is $104 Billion

A day before one of the most anticipated IPOs of the Internet age, Facebook said Thursday it has priced its shares at $38 apiece, giving the company an initial valuation of $104 billion, more than the combined value of Time Warner, Viacom, CBS and Yahoo.
Thursday, May 17,2012

Pinterest joins the billion-dollar network club

Yet another social network joins the billionaires club. The social photo-sharing network Pinterest has been valued at $1.5 billion. The valuation comes after it received a $50 million investment from a Japanese e-commerce site. Pinterest makes no money, but you can bet that investors will push to change that by integrating e-commerce tools. And if you want to see what all the fuss is about, here are some tips and tricks to getting started on Pinterest.
Wednesday, May 16,2012

Pirate Bay Co-Founder’s Attorney Says Prosecution Violates Human Rights

In 2009 Fredrik Neij, a co-founder of the file-sharing site the Pirate Bay, and three co-defendants were found guilty by a Swedish court of being accessories to copyright violation. Neij was sentenced to a year, which was later reduced to 10 months. He appealed to the Swedish Supreme Court, but in February, it was announced that the court would not hear his case.
Wednesday, May 16,2012

HTC phones indefinitely delayed at US Customs for investigation of Apple patent infringement

The HTC One X and Evo 4G LTE are notable devices for many reasons, but today they become notorious: they're the first devices to face an import delay at US Customs for potentially infringing an Apple patent. We've learned today that the One X and Evo 4G LTE are indefinitely delayed at Customs as the agency investigates patent issues with Apple, and sources have further confirmed that some shipments are indeed being held back. The One X is also currently out of stock at AT&T's online store and at most AT&T retail stores we've called — and few had any information on when more units would arrive.
Tuesday, May 15,2012

Dish Network's new DVR system eliminates commercials

We all used to be annoyed by commercials. Thanks to the wonders of DVR, we’re now just annoyed by the need to fast-forward through commercials, and then maybe also rewind for a few seconds if we go too far, and thus still be forced to experience the last few annoying milliseconds of that Zooey Deschanel iPhone ad. But what if there were a way to eliminate advertisements from your TV-watching experience? That’s the pitch behind a new DVR feature released last week for Dish Network subscribers called “the Auto-Hop,” which replaces commercial breaks with a few pregnant moments of black screen.
Tuesday, May 15,2012

GM to yank $10M in Facebook ads, saying they don't work

General Motors will pull some $10 million in paid advertising on Facebook, the Wall Street Journal reported, striking a discordant note with the growing public frenzy over the social network's pending IPO.
Tuesday, May 15,2012

Microsoft to Offer $15 Windows 8 Upgrade Deal

Microsoft will charge users who buy a new Windows 7 PC $14.99 for an upgrade to Windows 8, according to a report.
Monday, May 14,2012

Apple Said To Debut iCloud’s New Photo Sharing Features At WWDC

With Apple’s Worldwide Developer Conference just weeks away, expect plenty of reports of new features to come crawling out of the woodwork. In fact, here’s one from the Wall Street Journal — they claim that Apple has been doing some major tinkering with their iCloud storage service, the fruits of which will be unveiled on June 11.
Monday, May 14,2012

Microsoft-Funded Startup Aims to Kill BitTorrent Traffic

The Russian based “Pirate Pay” startup is promising the entertainment industry a pirate-free future. With help from Microsoft, the developers have built a system that claims to track and shut down the distribution of copyrighted works on BitTorrent. Their first project, carried out in collaboration with Walt Disney Studios and Sony Pictures, successfully stopped tens of thousands of downloads.
Monday, May 14,2012

Yahoo boots Thompson, names Ross Levinsohn interim CEO

Yahoo's global media leader, Ross Levinsohn, took over today as Yahoo's interim chief executive, replacing Scott Thompson in a shake-up that also will put activist investor Daniel Loeb on the Internet pioneer's board.
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