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May 17, 2012, 6:15 PM
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Facebook Newsroom:
Facebook Announces Pricing of Initial Public Offering  —  Facebook (NASDAQ: FB) today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share.  The shares are expected to begin trading on the NASDAQ Global Select Market …
Lee Spears / Bloomberg:
Facebook Raises $16 Billion In Biggest Technology IPO On Record  —  Facebook Inc. (FB) raised $16 billion in the biggest initial public offering by a technology company in history, pricing the shares at the top end of an increased range.  —  The social network, led by 28-year-old Mark Zuckerberg …
More: Mobile
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 …
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.
Arik Hesseldahl / AllThingsD:
HP's Whitman to Announce Restructuring Plan Wednesday; 30,000 Jobs Targeted  —  The daunting task of restructuring Hewlett-Packard will begin in earnest next Wednesday when the company reports its quarterly earnings.  Sources familiar with the company's plans say that CEO Meg Whitman …
Ingrid Lunden / TechCrunch:
Schumer And Casey's Ex-PATRIOT Act: Details Of How They Plan To Get Saverin's $67M And More  —  Charles Schumer and Bob Casey, the two U.S. Senators behind the Ex-PATRIOT act — a proposal to go after early Facebook backer Eduardo Saverin and others like him that have renounced U.S. citizenship …
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.
Brian X. Chen / Bits:
Verizon Clarifies: Unlimited Data Plans Will Die Slow Death  —  Verizon on Wednesday outlined its goals with shared data plans, and some news organizations incorrectly reported that it was killing unlimited data plans the instant that shared data plans were introduced.
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 …
Derrick Harris / GigaOM:
Scoop: Google, Microsoft both targeting Amazon with new clouds  —  Google is hard at work on a cloud computing offering that will compete directly with the popular Amazon EC2 cloud, according to a source familiar with Google's plans.  Not to be outdone, other sources have confirmed Microsoft …
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.
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 …
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.
Kayla Tausche / CNBC:
Kayak Eyeing $150 Million IPO in Coming Weeks  —  Kayak Software is aiming to go public in the coming weeks, as the market for technology deals in particular could see a lift from Facebook's offering, according to people familiar with the deal.  —  Kayak first filed its IPO documents in November 2010 …
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.
Michael Carney / PandoDaily:
BetterWorks: Major Layoffs Signal Trouble in Paradise  —  PandoDaily has learned that much heralded LA startup BetterWorks executed significant layoffs this week.  The employee perks platform terminated all of its sales and marketing staff and half of its operations team on Tuesday.
More: GigaOM
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 …
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 …

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From Mediagazer

Axios:
Sources: Paramount seeks a business-side counterpart to Bari Weiss, implying she would oversee editorial across CBS News and CNN if Paramount's WBD deal closes

Jeremy Fuster / The Wrap:
The Super Mario Galaxy Movie becomes the first release of 2026 to cross $1B in global grosses; Michael Jackson biopic Michael is on the verge of crossing $900M

Peter Chapman / Bloomberg:
The UK CMA launches a probe into Paramount's $110B acquisition of WBD, and sets an initial ruling deadline on August 7; the EU has already set a July 7 deadline

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