Techmeme
May 18, 2012, 12:15 PM

Top News

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.
Alexei Oreskovic / Reuters:
Facebook fizzles in debut, shares skirt IPO price  —  (Reuters) - Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.  The stock opened 11 percent higher and rose to $45 …
More: TechCrunch
Kim-Mai Cutler / TechCrunch:
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 from the company's Menlo Park Headquarters …
Julianne Pepitone / CNNMoney:
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.
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.
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 …
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 …
Austin Carr / Fast Company:
J. Crew CEO, Apple Board Member Mickey Drexler Reveals Steve Jobs' iCar Dream, Confirms “Living Room” Plans  —  J. Crew CEO and Apple board member Mickey Drexler offers an insider's perspective on Steve Jobs's vision: “Steve's dream before he died was to design an iCar.”
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 …
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.
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.
Jason Del Rey / AdAge:
Amazon to Sell Ads on Kindle Fire Welcome Screen — If You Have $600K  —  Amazon Seeks Big Money as It Brings Advertising to Its Hottest Tablet  —  The Kindle Fire is Amazon.com's best-selling product, the company said in its first-quarter-earnings release.  And it's being treated that way by the Amazon ad sales team.
CB Insights:
2012 Venture Capital Funding to Facebook Mafia Up 137% vs. 2011.  Greylock is Most Active VC FB Mafia Investor So Far.  —  The Facebook Mafia isn't waiting for an IPO to strike out on their own as company alumni have already raised $271 million of venture capital funding since 2006.
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.
Stuart Dredge / Guardian:
Vyclone video app aims to out-social Viddy and Socialcam  —  New iPhone app connects people shooting videos of the same event, and edits their footage together  —  Video-sharing apps are all the rage in Silicon Valley in 2012.  Well, two are.  Viddy raised $30m in mid-May as it passed 27m users …
Drew Olanoff / The Next Web:
Zynga's stock drops 13% during Facebook IPO, trading halted  —  During Facebook's IPO event, which the world is watching, a company closely tied to it called Zynga wasn't celebrating.  —  Its stock dropped over 13% and trading has been halted.  —  Since Zynga's gaming business relies heavily …
Pui-Wing Tam / Wall Street Journal:
More Start-Ups Join the $1 Billion Club of Valuations  —  Pinterest Is Latest Start-Up Hitting Rich Valuation; Venture Activity Rivals Dot-Com Boom Days  —  The coveted club of Silicon Valley start-ups worth a billion dollars is quickly losing its exclusivity.
Tweets: @hunterwalk
Othman Laraki / Twitter Blog:
New tailored suggestions for you to follow on Twitter  —  Every day, hundreds of thousands of people sign up for Twitter to get closer to the things they care about — friends, businesses, celebrities, news and information from all over.  If you've used Twitter for awhile …

Sponsor Posts

Microsoft:
Open source and the cloud: Changing the lives of people with Type 1 diabetes  —  Parents and patients have figured out how to remotely keep watch over glucose levels via smartphones, computers and the Pebble smartwatch running on Microsoft Azure.
Amazon Cognito:
Amazon Cognito - User Identity and Data Synchronization Service  —  Save mobile user data in the cloud and access it even when users are offline.  Get free 10GB storage & 1 Million Syncs per month now.
Amazon WorkSpaces:
Desktop in the cloud with Amazon WorkSpaces  —  Manage secure desktops from multiple devices.  Amazon WorkSpaces is managed, secure & simple.  Scale up and down easily.  Get started today.
Zoho:
Have you found the right contact management tool yet?  —  Can you use an axe to prune roses, or a hacksaw to chop veggies?  —  They may get the job done, but is either of them the right tool for the job?
Igloo:
All the coding ladies  —  Much has been said about women in technology this week as a result of Barbie once again, letting down the female population (or more appropriately, humankind as a whole) …
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:15 PM ET, May 18, 2012.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks