Techmeme: Reticent Rich: Preferred Style in Silicon Valley (Somini Sengupta/New York Times)

May 18, 2012, 2:50 PM

Top News

Alexei Oreskovic / Reuters:

Facebook's debut is modest, high volumes cause problems — (Reuters) - Facebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network.

More: Business Insider, Wall Street Journal, The New Persuaders, CNET, Business Insider, AllThingsD, Focus on Funds, Firstpost and Mobile. Tweets: @levie

David Garcia / TechCrunch:

How Facebook Hacked The NASDAQ Button — Editor's note: Some savvy Facebook engineers rigged the NASDAQ button to automatically post “Mark Zuckerberg has listed a company on NASDAQ - FB” to the CEO's Timeline as he rung the bell to open the NASDAQ's day of trading.

Jennifer Van Grove / VentureBeat:

Status update: Mark Zuckerberg listed a company on NASDAQ — What were you doing at 9:30 a.m. Eastern? You certainly weren't ringing the NASDAQ's opening bell as Facebook CEO Mark Zuckerberg was doing. But what Zuck did simultaneously is perhaps even cooler. — click to enlarge

More: Forbes, Livestream, Shiny Objects, Los Angeles Times, VatorNews, NBC Bay Area, TechnoBuffalo, WebProNews and Gotta Be Mobile

Kim-Mai Cutler / TechCrunch:

Video & Photos: Facebook CEO Mark Zuckerberg Rings In The NASDAQ Bell — Facebook chief executive Mark Zuckerberg didn't travel to New York's Times Square for the company's big day. He did it unconventionally like you'd expect a hacker would. He opened the bell remotely …

More: Los Angeles Times, Social Markets, TechCrunch, Gizmodo, Digits, CNNMoney.com, Firstpost, Shareaholic Blog and GeekWire

Tweets: @pkafka, @brianstelter, @loyalelectron, @mikeisaac and @laurengoode

See also Mediagazer

Bloomberg:

Facebook IPO Makes Zuckerberg Richer Than Google Founders — Facebook Inc. (FB)'s $16 billion initial public offering has made 28-year-old Mark Zuckerberg the 29th richest person on Earth. — Facebook, the world's most popular social networking company, sold 421.2 million shares for $38 each.

More: Bloomberg Tech Blog, Washington Post, Poynter, Los Angeles Times and Deal Journal

Julianne Pepitone / CNNMoney:

Facebook IPO trading opens at $42

More: CNNMoney.com, Guardian, The Next Web, SiliconValley.com, TechCrunch, Macgasm, CNBC, blogs.ft.com, Pluggd.in, PE Hub Blog, ZDNet, CNN, Daily Dot, Los Angeles Times and Pocket-lint

Tweets: @katyawachtel, @mattcutts, @kevinrose and @shervin

Salvador Rodriguez / Los Angeles Times:

Eduardo Saverin congratulates Mark Zuckerberg over Facebook

More: Digits, VentureBeat, USA Today, WebProNews, CNET and New York Times. Tweets: @robinwauters

Josh Constine / TechCrunch:

Zuckerberg Receives Hoodie, Says “Our Mission Isn't To Be A Public Company” In Pre-IPO Remarks

More: Forbes and Business Insider

Bloomberg:

Facebook Sued For $15 Billion In Suit Over User Tracking — Facebook Inc. (FB), which is scheduled to begin trading today, was sued by users of its social network in an amended class-action case claiming the company invaded their privacy by tracking Internet usage and seeking $15 billion.

More: VentureBeat, The Register, Computerworld, Telegraph, Business Insider, Mashable!, stewartslaw.com, Los Angeles Times, Marketing Land, Associated Press, CNET, The DNetWorks, PC Magazine, TechnoBuffalo, Techland, TechSpot, SlashGear, WebProNews and Daily Dot

Ingrid Lunden / TechCrunch:

$16B Should Cover It: Here's The $15B Facebook Privacy Class Action Suit, And Facebook's Response

More: PC Magazine and WebProNews

Miyoung Kim / Reuters:

Samsung gets 9 million preorders for new Galaxy phone: report — (Reuters) - Samsung Electronics Co has received some 9 million pre-orders for its third-generation Galaxy S smartphone from more than 100 global carriers, the Korea Economic Daily reported on Friday.

Chris Ziegler / The Verge:

RIM, Motorola told Apple they could find a nano-SIM compromise: here it is — Eventually, the committee chairman decided to hold an informal vote by show of hands whether each of the two proposals adequately met the jamming requirement. For the Apple design, seven voting members said it did not, 28 said it did.

More: VentureBeat, The Register, PadGadget, iPhone in Canada Blog, iPhone, PhoneArena, iDownloadBlog.com, Gizmodo, Engadget, iClarified and MacNN

Drew Olanoff / The Next Web:

Zynga's stock drops 13% during Facebook IPO, trading halted (UPDATED) — During Facebook's IPO event, which the world is watching, a company closely tied to it called Zynga wasn't celebrating. — Its stock (ZNGA) dropped over 13% and trading has been halted.

More: CNET, TechCrunch, Forbes, AllThingsD, NBC Bay Area, GigaOM and Gizmodo

Reuters:

Worries mount as Nokia burns through cash — Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilize its finances in the months ahead.

More: CNET, IntoMobile, MobileSyrup.com, WMPoweruser, FierceWireless, iDownloadBlog.com, TechCrunch, PhoneArena, Mobile Entertainment and TechEye

Somini Sengupta / New York Times:

Reticent Rich: Preferred Style in Silicon Valley — MENLO PARK, Calif. — Wealth is here if you know where to find it. — Fabulous home theaters are tucked into the basements of plain suburban houses. Bespoke jeans that start at $1,200 can be detected only by a tiny red logo on the button.

More: Forbes, CNN, Betabeat, Venture Capital Dispatch, Betabeat, Xconomy, SiliconANGLE, Media Decoder, Bits and The Verge. See also Mediagazer

Kara Swisher / AllThingsD:

Exclusive: Yahoo Finally Set to Strike Alibaba Share Deal — Half Now, Then Half of What's Left After Eventual IPO — Yahoo is in the final stages of selling a large chunk of its stake in the Alibaba Group back to the company — in a complex deal that is set to include a multi-billion-dollar share buyback …

More: Business Insider, The Tech Trade, CNET, Social Media, WebProNews and Pulse2 Technology …

Wall Street Journal:

Groupon Stock Spike Probed — Wall Street Regulator Is Reviewing Jump Monday Before Firm's Earnings Release — A Wall Street regulator is examining trading in Groupon Inc. that sent its stock price soaring hours before a favorable earnings announcement Monday, according to a person familiar with the matter.

More: VentureBeat, Business Insider, Pulse2 Technology …, The Tech Trade and WebProNews

Reuters:

GM ad move followed failed Facebook pitch: sources — (Reuters) - Facebook may only have itself to blame for why General Motors rained on its IPO parade this week. — GM announced the decision to drop Facebook paid ads on Tuesday in what was the first highly visible crack in Facebook's strategy …

More: Screenwerk, Business Insider, WebProNews and TechCrunch

Josh Constine / TechCrunch:

Facebook Keeps Shipping. Now You Can Silence Spammy Apps And More With New Notification Controls — If there's something on Facebook that won't stop pinging you with Notifications, tell it to shut up instantly with Facebook's new granular, in-line notification controls.

More: Business Insider and WebProNews

John Koetsier / VentureBeat:

PayPal handles 60% of web transactions, leaves Google in the dust — PayPal processes 60% of web transactions, Google is the fastest payment gateway, and some unlucky surfer had to wait over 92 seconds for his online purchase to complete. — Those are only a few of the findings …

James Raybould / Linkedin Blog:

The Top 10 tech startups best positioned to strike engineering gold — In today's Silicon Valley, engineering talent is as sought after by companies as gold was by the first prospectors in the Wild West. Talent is a company's most important asset, so we decided to use LinkedIn's data insights …

More: ReadWriteWeb

Total Telecom:

Kodak accuses Apple of trying to derail its patent sale — U.S. firm says Apple is biggest infringer of its digital camera patents, as well as being a potential acquirer of those same patents. — Eastman Kodak Co. is accusing Apple Inc. of trying to shake up a planned patent sale in a bid …

More: AllThingsD and MacDailyNews

Cotton Delo / AdAge:

Foursquare Hires Former iAd Exec as Revenue Chief — Steven Rosenblatt Is Longtime Mobile Exec From Quattro Wireless — A month after Ad Age learned that Foursquare will soon launch advertising products, the company has hired its first-ever monetization lead.

Federico Viticci / MacStories:

Four Years of App Store: Developers Weigh In On Search, Discovery, and Curation — “The App Store is a grand slam, with a staggering 10 million applications downloaded in just three days”. That's how Apple co-founder and late CEO Steve Jobs saluted the launch of the company's new storefront for iOS …

More: Macgasm

Matthew Panzarino / The Next Web:

Apple no longer censoring the word ‘jailbreak’ in U.S. iTunes Store — Yesterday a bit of a hullabaloo was started when it was discovered that Apple was censoring the word ‘jailbreak’ in the U.S. App Store. Now, that censoring has been corrected, and the word is visible across all categories …

More: CNET, iPhone in Canada Blog, Phones Review and Cult of Mac

Zack Whittaker / ZDNet:

UK government staff caught snooping on citizen data — Don't worry about hackers illegally accessing government systems. It turns out government workers and civil servants who are trusted with private citizen data are more likely to access your data illegally.

More: VentureBeat and Boing Boing

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Microsoft BizSpark:

Featured Startup on Windows 8 - Ademptio — Face it. You love coding. Or, you hate coding. — For those who really do love it, and for those who find that some of their best ideas happen when they are doing other things …

Cloud Foundry:

Static.com Adds Hadoop Support for Cloud Foundry — In this guest post, Jake Farrell, CTO for Static.com, explains how the major shift in the hosting industry towards platforms for high developer productivity …

Rackspace Blog:

99.999 Is Not Enough: An OpenCloud Approach to Delivering Application Uptime and Performance — Executive Summary — The pressure to keep vital applications online and performing well is extreme.

Hortonworks » Blog:

University makes major investment in big data development — As news of the benefits provided by big data platforms such as Apache Hadoop spreads, more organizations are investing in the burgeoning technology.

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