May 15, 2012, 10:25 AM

Top News

Robin Wauters / The Next Web:
It's official: Facebook offers 50.6 million extra shares for IPO, confirms $34 - $38 price range  —  Facebook has just filed a seventh amendment to its S-1, which you can view here.  —  TechCrunch yesterday reported that FB was going to sell extra shares, and they were spot on.
As Investors Fawn Over Facebook, Poll Finds User Distrust, Apathy  —  Facebook's initial public offering will be the largest and perhaps the most highly anticipated Internet deal in history.  —  Faced with great expectations, however, Facebook is staring down some unnerving obstacles …
Josh Constine / TechCrunch:
Jessica E. Vascellaro / Wall Street Journal:
Apple Preparing Upgrade to iCloud  —  Apple Inc. is preparing an upgrade of its online service iCloud that includes new photo-sharing features, according to people familiar with the matter.  —  The new features, expected to be announced at Apple's world-wide developer conference beginning June 11 …
Matthew Panzarino / The Next Web:
Mathew Ingram / GigaOM:
Does Yahoo even know how to be a modern media company?  —  Now that Yahoo has managed to make its way through yet another CEO shuffle — its sixth in just five years — the former portal has to get back to the main task at hand: namely, figuring out what its future looks like.
Apple Said to Prepare Thinner Mac Laptops Sporting Intel Chips  —  Apple Inc. (AAPL) is preparing a new lineup of thinner MacBook laptops running on more powerful chips made by Intel Corp. (INTC), people with knowledge of the plans said.  —  The MacBook Pro machines, to be unveiled …
David Carr / New York Times:
Audiences Now Rarely Drawn to Live Television  —  This week, when they ring the bell on the television upfronts, the annual orgy of advertising buying, I hope the industry isn't counting on my house to lift ratings.  —  So far in the month of May, our household has watched exactly two minutes and one second of live television.
More: PandoDailyTweets: @jayrosen_nyu and @jonathanwald
Othman Laraki / Twitter Blog:
The best of Twitter in your inbox  —  Starting today, you can discover the best of Twitter in a weekly email digest delivered to your inbox.  This summary features the most relevant Tweets and stories shared by the people you're connected to on Twitter.  —  Stories feature a design similar …
Nivedita Bhattacharjee / Reuters:
Amazon aims to launch front-lit Kindle in July: source  —  (Reuters) - Inc will launch new versions of its Kindle e-reader and tablet, including a monochrome e-reader with front lighting, a source who has seen the prototype told Reuters.  —  The world's largest Internet retailer …
Julie Miller / Vanity Fair:
Groupon Gets a Poorly Titled CBS Sitcom  —  In 2010, Facebook was the basis for a David Fincher film, and now another wunderkind-run Web site with an I.P.O. in the billions is being adapted for entertainment's sake.  This time, the social-media muse is Groupon, and the project …
Jake Smith / 9to5Mac:
Apple releases update to Leopard, includes Flashback removal tool  —  While Apple has released updates for both Lion and Snow Leopard to remove the Flashback malware that is making the rounds, the company had not released a fix for Leopard until today.  Apple released a Flashback Removal Security Update …
Eriq Gardner / Hollywood Reporter:
Columbia Pictures Wins ‘Social Network’ Lawsuit Over Zuckerberg Classmate  —  Almost everyone knows the story of the Winklevii.  Not everyone has heard about Aaron Greenspan.  Is it better to be portrayed as a loser in developing a social network than to be cut out of the story altogether?
Devindra Hardawar / VentureBeat:
LG shows off the best Google TV yet, with motion controls, dual-core CPU, 3D  —  When we first learned LG would be launching its crop of Google TV sets this month, I asked “will anyone care?”  — now after seeing LG's G2 series in action, I'm surprised to report that plenty of consumers just may.
More: 9to5Google and PR NewswireThanks:@devindra
Adi Robertson / The Verge:
Fox and NBC: Dish's commercial-skipping DVR ‘a strange thing to do’ at best, ‘an insult’ at worst  —  Customers may be impressed by Dish Network's commercial-skipping Auto Hop feature on the Hopper DVR, but at least two networks aren't so happy.  In a press call, Fox entertainment chairman Peter Rice …
More: BGR and Hillicon Valley
Josh Lowensohn / CNET:
Supreme Court denies Psystar's appeal in Mac clone case  —  One of Psystar's early “OpenMac” models.  —  (Credit: Psystar)  —  The U.S. Supreme Court today denied Psystar's request to review a lower court decision that keeps it from selling computers that run Apple's OS X but that are not made by Apple.
More: MacRumors
Miguel Bustillo / Wall Street Journal:
Best Buy Founder to Step Down in Wake of Inquiry  —  Best Buy Co. founder Richard Schulze will step down as chairman next month after an internal probe found that he didn't alert other directors that his handpicked successor as chief executive, Brian Dunn, was allegedly having an inappropriate relationship with a female employee.

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Josh Constine / TechCrunch: