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12:50 AM ET, May 20, 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 …
RELATED:
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.
Discussion: Wall Street Journal
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.
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 …
Evelyn M. Rusli / DealBook:   LinkedIn's Surge Sets Stage for More Internet I.P.O.'s
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:
Josh Ong / AppleInsider:
Apple strikes deal with Sony for streaming iTunes music service - report
Discussion: Bloomberg and 9 to 5 Mac
Jay Greene / CNET News:
Scoop: Microsoft closes consumer skunkworks unit  —  A little more than three years after opening Pioneer Studios, a skunkworks operation to develop consumer electronics and experiences, Microsoft has closed the unit, CNET has learned.  —  Pioneer was the brainchild of J Allard …
Discussion: GeekWire, PC World, Gizmodo, Electronista and SAI
Todd Bishop / GeekWire:
Facebook to use Microsoft's PhotoDNA technology to combat child pornography  —  Facebook will be the first company outside of Microsoft to roll out the Redmond company's PhotoDNA technology — a move that the companies are describing as a big step in the fight against child pornography …
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 …
Wolfgang Gruener / ConceivablyTech:
Google Is Serious: You Can Kill Chrome's URL Bar  —  We wrote about this feature a few months ago and now we are seeing a first implementation of it.  The URL bar in Chrome is still active by default, but there is a flag to hide it.  Chrome is serious about keeping the URL bar flexible …
Staci D. Kramer / paidContent:
Updated: Liberty Media Offers Nearly $1 Billion For Barnes & Noble; Would Buy 70 Percent  —  Bankrupt Borders needs a sale the most but Barnes & Noble (NYSE: BKS), whichput itself in play last August, is the book retailer with a serious suitor—and they don't come much more serious than John Malone.
Peter Burrows / Business Week:
Nuance Plays Hardball in Voice Recognition  —  The speech-recognition software maker has acquired at least four companies after suing them first  —  When rumors swirled on May 7 that Apple (AAPL) might acquire Nuance Communications (NUAN), shares of the software company rose 10 percent to $22, within pennies of an all-time high.
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 …
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 and WinRumors
Stacey Higginbotham / GigaOM:
Exclusive: A First Look at AT&T's LTE Network  —  Yesterday, I took a tour of AT&T's Foundry space in Plano, Texas.  I interviewed Jon Summers, SVP of application and service infrastructure at AT&T, with other reporters, to try to understand the shift AT&T is making in how it approaches buying goods …
Reuters:
Facebook looks at China, Zuckerberg packs bags  —  (Reuters) - Facebook CEO Mark Zuckerberg is planning to make his second visit to China as the world's No. 1 social networking company looks for the best way to expand into that country.  —  “Our company mission is really clear …
Discussion: TechCrunch and The Next Web
CNN:
Argentine court blocks Google ‘suggested’ searches  —  Buenos Aires, Argentina (CNN) — An Argentine court this week granted an injunction that blocks internet giant Google from “suggesting” searches that lead to certain sites that have been deemed anti-Semitic, and removes the sites from the search engine's index.
Lex Friedman / Macworld:
Group looking to form Apple Retail Workers Union  —  As Apple celebrates the tenth anniversary of its retail stores, some store employees are seeking to unionize.
David Chen / /Film:
‘Neuromancer’ Goes Into Pre-Production  —  After years in development, Vincenzo Natali's Neuromancer is finally moving forward.  According to a press release, the film has secured sales from distributors at Cannes and visual effects work has already begun.  Filming will begin in 2012 …
Discussion: Jacket Copy
Matt McGee / Search Engine Land:
Google, Smartphone Contacts & Social Graphs: Has Eric Schmidt Crossed The Creepy Line Again?  —  Things have been a little quiet — perhaps even boring — since Eric Schmidt stepped down as Google's CEO to become the company's Executive Chairman.  The strange quotes and not-so-funny attempts …
Matt Rosoff / SAI: Silicon Alley Insider:
Netflix Is On A Hiring Spree For Big Europe Push  —  Netflix is staffing up for a big European push as soon as the second half of 2011.  —  Netflix CEO Reed Hastings said back in December that the company would consider expanding to Europe and Asia once the results of its Canadian operation, which it launched last fall, became clear.
Discussion: Electronista
Noreen O'Leary / Adweek:
Eric Schmidt Named Cannes' Media Person of the Year  —  Google executive chairman Eric Schmidt has been named Media Person of the Year by the Cannes Lions International Festival of Creativity and will be honored June 22 in the Palais des Festivals.  —  Each year, the festival awards …
Alexia Tsotsis / TechCrunch:
Google Advisor Wants To Be Your One-Stop Shop For Financial Comparisons  —  Google has rolled all of its finance tools into one product today, merging its mortgage, credit card and bank account comparison tools into Google Advisor.  Google Advisor allows you to compare offer options for your credit cards …
Esther Dyson / Project Syndicate:
Illusions of Democracy  —  NEW YORK - The Internet is an extraordinarily powerful tool.  It has changed how we do business, how we do politics, and even how we change our leaders - at least some of the time.  But the ease with which we now communicate, the efficiencies we take for granted …
Dan Goodin / The Register:
Eureka!  Google breakthrough makes SSL less painful  —  Client-side change cuts latency by 30%  —  Google researchers say they've devised a way to significantly reduce the time it takes websites to establish encrypted connections with end-user browsers, a breakthrough that could make it less painful …
Discussion: Chromium Blog and Softpedia News
Derek Lei / Google Book Search Blog:
Define, translate and search for words in Google eBooks  —  Posted by Derek Lei, Software Engineer, Google Books  —  When bookworms stumble across a word we don't know, we face the classic dilemma of whether to put the book down to look up the word or forge ahead in ignorance to avoid interrupting the reading experience.
Discussion: Gizmodo, FT Tech Hub and ReadWriteWeb
 
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 More Items: 
Audrey Watters / ReadWriteWeb:
iOS Users Downloading 5 Million Games a Day, Report Finds
Discussion: Distimo, MacStories and Guardian
Anthony Ha / VentureBeat:
Kleiner backs Quattro co-founder's new startup Session M
Jacqui Cheng / Ars Technica:
RIAA v. the cloud: Box.net faces subpoena over prerelease music
Discussion: Hollywood Reporter
Tiernan Ray / Tech Trader Daily:
Salesforce Jumps 8% On FYQ1 Beat; Q2, Year View Tops Estimates
Edwin Chan / Reuters:
Symantec buys Clearwell for $390 million
Discussion: silicontap.com, eWeek, CNET News and Xconomy
Arik Hesseldahl / NewEnterprise:
Read Léo Apotheker's “Tough Quarter” Memo in Full
Discussion: SAI and L.A. Times Tech Blog
 Earlier Items: 
Sarah Perez / ReadWriteWeb:
63% of Younger Generation Eager for NFC & Mobile Payments
Chris Morris / Gamasutra:
Sony Tells Dev Partners PlayStation Store To Return May 24
Larry Hryb / Xbox Live's Major Nelson:
New Xbox 360 System Update Brings Expanded PayPal Functionality
Zach Epstein / BGR:
Google to acquire Modu patents for $4.9 million
Robin Wauters / TechCrunch:
Khosla Ventures Is Raising, Like, A Billion Dollars
Ed Bott / Ed Bott's Microsoft Report Blog:
Apple to support reps: “Do not attempt to remove malware”
Trevor Mogg / Digital Trends:
Apple causes ‘religious’ reaction in brains of fans, say neuroscientists