Techmeme
May 17, 2012, 2:45 PM

Top News

Wall Street Journal:
Facebook Close to $38 IPO Price  —  Facebook Inc. is close to pricing its initial public offering at $38 a share, said a person familiar with the matter, a move that would value the Internet company at more than $100 billion.  —  Facebook executives and senior bankers on the deal were holed …
Business Week:
How Mark Zuckerberg Hacked the Valley  —  In 2006, when he was 22, Mark Zuckerberg gave up writing computer code to focus on managing his rapidly growing startup.  Like Jim Brown retiring from football at 29 or E.M. Forster abandoning the novel in his forties, the prodigy who programmed …
Cathy Avgiris / Comcast Voices:
Comcast to Replace Usage Cap With Improved Data Usage Management Approaches  —  Today, the way people use video and access information has changed dramatically.  Four years ago, when we first instituted a broadband Internet data usage threshold, the iPhone had just been introduced …
Quentin Hardy / New York Times:
Aaron Ricadela / Bloomberg:
Hewlett-Packard Said to Consider Cutting as Many as 25,000 Jobs  —  Hewlett-Packard Co. (HPQ) is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said.
Julie Bort / Business Insider:
Source: Layoffs Are About To Hit HP  —  It's no secret that HP is considering layoffs and soon.  —  Meg Whitman has even publicly hinted at them.  Question is, how many employees will be axed?  —  One source at HP claims the job cuts are going to be massive.
Nick Bilton / Bits:
Twitter Implements Do Not Track Privacy Option  —  It's no secret that Facebook is worth about $100 billion because it collected personal data about its users.  A lot of data.  —  Although Twitter tracks its users too — albeit in a much less aggressive way — the company has decided to take a different route.
AllThingsD:
Exclusive: Japan's Rakuten Wins the Heart of Pinterest in $100M Funding Race With $1.5B Valuation  —  Rakuten, the largest e-commerce site in Japan, is expected to be the lead investor in the much-contested next round of funding for Silicon Valley's hottest start-up, Pinterest.
Evelyn M. Rusli / DealBook:
Spotify Is Raising Millions in a Deal That Would Value It at $4 Billion  —  The mega funding rounds are back.  —  Spotify, the social music service, is in the process of raising hundreds of millions of dollars in a deal that would value the company at as much as $4 billion …
Nilay Patel / The Verge:
HTC shipping custom Android builds on US devices to avoid Apple patents  —  The HTC One X for AT&T and Evo 4G LTE for Sprint already bear the distinction of being the first Android devices to face an import block at US Customs for potentially infringing an Apple patent, but the ignominy may be fleeting …
Emil Protalinski / ZDNet:
The Pirate Bay returns, Anonymous hater takes credit for DDoS  —  Summary: The Pirate Bay is back online.  An Anonymous traitor who goes by the name AnonNyre has claimed responsibility for the Distributed Denial of Service (DDoS) attack that kept the site offline for days.
Matthew Braga / Ars Technica:
Say hello to the real real-time Web  —  It's not just a buzzword, but a technological shift—the instantly accessible Web.  —  Real-time technologies are making Web apps faster—and in some cases, indistinguishable from desktop apps.  —  Garret Voight  —  It started with a simple idea …
Ellen Nakashima / Washington Post:
White House's cybersecurity official retiring  —  The White House's cybersecurity coordinator said Thursday that he is stepping down at the end of this month after a 2 1 / 2-year tenure in which the administration has increased its focus on cyber issues but struggled to reach agreement …
Kim-Mai Cutler / TechCrunch:
Eduardo Saverin Backs Mobile Wallet Contender Crowdmob  —  Eduardo Saverin may no longer be a U.S. citizen.  But that's not stopping him from investing in American companies.  —  In fact, he just closed a deal.  He's backing Crowdmob, a startup that's blending app promotion with discounts from local merchants.
Aamir Usman / Shoutpedia:
Apple is Filtering “Jailbreak” Term in the US iTunes Store  —  Apple is reportedly filtering the “Jailbreak” term from the iTunes items.  All the categories are affected with this filter including Apps, songs, albums, podcast episodes, and iTunes U episodes.
Nathan Ingraham / The Verge:
T-Mobile to launch new no-contract mobile broadband plans on May 20th  —  T-Mobile's making it easier for customers to use its growing HSPA+ network for mobile broadband by introducing some new, contract free plans.  As of May 20th, T-Mobile will offer four new prepaid mobile broadband plans …
Frederic Lardinois / TechCrunch:
Bing Launches Its Paid Search API, But Will Still Offer A Free Tier  —  Just about a month ago, Microsoft announced that it would end free access to its Bing Search API and start charging a minimum of $40 per month for the service.  Today, the company is officially launching the Bing Search API …
Jon Fingas / Engadget:
Plastic Logic shutters US offices, gets out of making its own e-readers  —  Plastic Logic has something of a rollercoaster history, having had to drop the QUE proReader before it even shipped and getting a $700 million cash injection that ultimately swung its attention to Russian schoolchildren.
More: GigaOM
Ellis Hamburger / The Verge:
Pipe: file sharing in the Facebook age is about to get real  —  The appeal of Pipe can't be witnessed on paper, but is instead evident in its visual simplicity.  You drag a file from your desktop onto a Super Mario-esque green pipe on your screen and the file disappears …
Janko Roettgers / GigaOM:
Netflix launches sexy new web-based video player  —  Netflix just rolled out a completely revamped video player for browser-based viewing, and I gotta say, it's pretty slick: Not only does it come with lightbox-like text overlays while a video is paused, users can also preview entire seasons …

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