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5:30 PM ET, May 19, 2011

Techmeme

 Top Items: 
Leena Rao / TechCrunch:
LinkedIn Closes At $94 Per Share, With $8.9 Billion Market Cap  —  After opening to $83 per share and a market cap of $7.8 million, LinkedIn closed at $93.86 per share, giving the company a valuation of $8.9 billion.  Although the professional social network priced at $45 per share …
Discussion: Internet Evolution and Fortune
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Sam Gustin / Epicenter:
Red-Hot LinkedIn IPO Heats Up Tech Bubble Talk  —  (Updated at 4 p.m. EDT with closing stock price and commentary.)  —  LinkedIn went public Thursday and, as expected, soared in its debut.  But the social network for professionals outdid even the wildest expectations in what has become …
Ari Levy / Bloomberg:
LinkedIn's Founder, Biggest Backers Will Own $2.5 Billion Stake After IPO  —  LinkedIn Corp.'s founder Reid Hoffman and its three top venture backers will own a combined stake of about $2.5 billion after an eight-year wait for the first initial public offering by a major U.S. social-media site.
Henry Blodget / SAI:
CONGRATULATIONS, LINKEDIN!  You Just Got Screwed Out Of $130 Million  —  The stock of social-network LinkedIn has had a heck of an IPO debut this morning, popping 90%+ above the IPO price.  —  That means folks like us get to write breathless stories about how much money investors are making and how everyone's partying like it's 1999.
Sinead Carew / Reuters:
Verizon to offer family data plans  —  (Reuters) - Verizon Wireless will offer family plans for data services supporting multiple devices including smartphones and tablet computers, according to a top executive of parent company Verizon Communications.  —  Verizon Wireless plans …
RELATED:
Electronista:
Verizon reiterates iPhone 5 is dual-mode, due alongside AT&T
Discussion: MacStories and IntoMobile
Jack Purcher / Patently Apple:
Whoa!  Apple Patent Confirms iTunes Cloud Media Services  —  In January we pointed to a possible HP music cloud service that could debut with their future TouchPad tablet due to their 3par acquisition.  Such a service had the potential of upsetting Apple's iTunes kingdom.
RELATED:
Neil Hughes / AppleInsider:
Apple's cloud streaming could rely on small, locally stored song segments
Amazon.com:
Amazon.com Now Selling More Kindle Books Than Print Books  —  Kindle with Special Offers for only $114 is already the bestselling member of the Kindle family  —  (NASDAQ:AMZN)—Amazon began selling hardcover and paperback books in July 1995.  Twelve years later in November 2007 …
Gartner:
Gartner Says 428 Million Mobile Communication Devices Sold Worldwide in First Quarter 2011, a 19 Percent Increase Year-on-Year  —  Apple, Samsung and HTC Reported Strongest Results in an Increasingly Smartphone-Dominated Market  —  Worldwide mobile communication device sales …
RELATED:
Riva Richmond / Gadgetwise:
Facebook's New Way to Combat Child Pornography  —  As online photo sharing has exploded so has, tragically, the distribution of child pornography.  But while the rise of the Internet and digital cameras have revived a scourge that had nearly been eliminated in the late 1980s, new technology may also help to beat it back again.
RELATED:
Todd Bishop / GeekWire:
Facebook to use Microsoft's PhotoDNA technology to combat child pornography
Ed Bott / Ed Bott's Microsoft Report Blog:
Apple to support reps: “Do not attempt to remove malware”  —  Apple is actively conducting an internal investigation into the Mac Defender malware attack I wrote about yesterday (here and here).  An internal document with a Last Modified date of Monday, May 16, 2011 notes that this is an “Issue/Investigation In Progress.”
Trevor Mogg / Digital Trends:
Apple causes ‘religious’ reaction in brains of fans, say neuroscientists  —  In a recently screened BBC documentary, UK neuroscientists suggested that the brains of Apple devotees are stimulated by Apple imagery in the same way that the brains of religious people are stimulated by religious imagery.
Amir Efrati / Wall Street Journal:
‘Like’ Button Follows Web Users  —  Internet users tap Facebook Inc.'s “Like” and Twitter Inc.'s “Tweet” buttons to share content with friends.  But these tools also let their makers collect data about the websites people are visiting.  —  These so-called social widgets …
Ina Fried / Mobilized:
Qualcomm Bringing Augmented Reality Software Kit to the iPhone  —  Although its chips don't power the iPhone, Qualcomm has decided to bring its augmented reality software kit to Apple's phones in an effort to make it more attractive to developers.  —  Qualcomm released free software tools …
Discussion: 9 to 5 Mac, AppleInsider and MacRumors
Nick Besbeas / The LinkedIn Blog:
LNKD: Changing the way professionals do business  —  Today marks an important milestone in LinkedIn's history - we started trading at the New York Stock Exchange (NYSE) - following our recent IPO filing.  Our stock symbol is LNKD (as you may have guessed from this post) …
RELATED:
Matt Warman / Telegraph:
Google warns against facial recognition database  —  Google's Executive Chairman Eric Schmidt has warned Governments against ‘foolish’ legislation - and said facial recognition is too creepy even for Google  —  Eric Schmidt: 'I am incredibly optimistic about what is going to be possible in the next decade …
John Paczkowski / Digital Daily:
China Mobile's Four Million iPhone Users Still Waiting for Official Apple Deal  —  Five years after beginning talks with Apple, China Mobile, China's largest wireless phone operator, is still negotiating to add the iPhone to its smartphone lineup.  It's been slow going, to be sure, but some progress has been made.
Discussion: Tech Trader Daily and Electronista
RELATED:
Matt Brian / The Next Web:
Internet Explorer emerges as only browser not vulnerable to huge memory leak  —  The developer teams at Microsoft may have something to smile about this morning after it has emerged that the company's Internet Explorer browser is one of the only modern web browsers that is not susceptible …
Discussion: Web Browser
Declan McCullagh / CNET News:
Senators press Apple, Google on location privacy  —  Apple and Google returned to Capitol Hill this morning to defend themselves against accusations from U.S. politicians who claim that the companies aren't doing enough to protect their customers' location privacy.
Chris Morris / Gamasutra:
Sony Tells Dev Partners PlayStation Store To Return May 24  —  Barring any additional problems, Sony plans to bring the PlayStation Store back online next Tuesday, May 24, according to a memo sent to Sony's game developer and publishing partners.  —  The company has sent a tentative publishing schedule …
Andrew Munchbach / BGR:
Android grabs 53% of global smartphone market share; iOS 50% of application revenues  —  A new report published by Millennial Media paints a picture of the global smartphone landscape in April of 2011.  The company found that Android continued its domination in pure market share, holding a 53% of impressions on the company's network.
Robin Wauters / TechCrunch:
Khosla Ventures Is Raising, Like, A Billion Dollars  —  Venture capital firm Khosla Ventures is raising $1 billion for its new fund, Khosla Ventures IV, an SEC filing reveals.  From the looks of it, the new fund will be roughly the same size as the previous one (raised in September 2009).
Discussion: GMSV
Christian Zibreg / 9 to 5 Mac:
Yahoo! Messenger brings cross-platform video calling to iPad 2  —  Fans of the Yahoo! Messenger messaging platform can now enjoy video calling on iPad 2.  The version 2.1 update, now available free from the App Store, is a universal binary that supports both the iPhone's smaller screen and iPad's larger canvas.
 
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Intel:
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VMware:
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 More Items: 
Stacey Higginbotham / GigaOM:
Exclusive: A First Look at AT&T's LTE Network
Discussion: Gizmodo, Thanks:gigastacey
Edwin Chan / Reuters:
Symantec buys Clearwell for $390 million
Discussion: Xconomy
Arik Hesseldahl / NewEnterprise:
Read Léo Apotheker's “Tough Quarter” Memo in Full
Reuters:
European start-ups shy away from IPO frenzy
Discussion: MediaFile
Sarah Perez / ReadWriteWeb:
63% of Younger Generation Eager for NFC & Mobile Payments
Susan Decker / Bloomberg:
Google Rejects Skyhook's Allegations Over Phone-Location Service
Discussion: Search Engine Land, IntoMobile and BGR
Jim Dalrymple / The Loop:
Lawsuit claims AT&T overcharges iPhone data users up to 300%
 Earlier Items: 
Zach Epstein / BGR:
Google to acquire Modu patents for $4.9 million
Discussion: Electronista and Globes Online
Mike Masnick / Techdirt:
Bezos: Attempts To Collect State Sales Tax On Amazon Sales Is Unconstitutional
Michael Arrington / TechCrunch:
Octopart, The Little Startup That Hung In There
Todd Haselton / BGR:
Samsung Galaxy Tab 10.1 pre-orders start at $499.99
Discussion: IntoMobile
Greg Sandoval / CNET News:
Apple signs EMI, cloud-music deals nearly done
 

 
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David Carr / New York Times:
Amazon Bets on Content in Deal for Twitch

Brooks Barnes / New York Times:
Hollywood has worst summer since 1997 as US summer ticket sales decline 15% from 2013

 
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