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May 19, 2012, 12:35 AM

Top News

John Paczkowski / AllThingsD:
The Price Is Right: Facebook Closes Near Opening Price  —  After the weeks of private equity dealmaker palm rubbing and investor anticipation that preceded it, Facebook's IPO on Friday was something of an anticlimax.  Shares in the newly public company rose to $45 before closing at $38.23.
Dan Primack / Fortune:
38 Special: Facebook bankers got it right  —  Facebook shares stay flat, and that's okay.  —  FORTUNE — Facebook (FB) shares didn't pop. They didn't crumble.  They closed the day at $38.23 per share, or less than a percentage point higher than where the company's IPO had priced last night.
Kim-Mai Cutler / TechCrunch:
Bankers Got Too Aggressive With Pricing Facebook As They Struggled To Keep Shares Above $38  —  The underwriters of Facebook's $16 billion debut on NASDAQ fought to the finish to keep the company's shares above last night's final price of $38 a share.  Shares closed at $38.23 today.
Alexei Oreskovic / Reuters:
Historic Facebook IPO marred by trading glitches  —  (Reuters) - For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise.
Wall Street Journal:
Facebook's IPO Sputters  —  Underwriters Forced to Prop Up IPO of Social Network; Only a 23-Cent Rise  —  Facebook Inc. took eight years to stage one of the most anticipated initial public offerings ever.  The anticlimax came Friday, as Wall Street bankers struggled to prevent …
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.
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.
Kim-Mai Cutler / TechCrunch:
Om Malik / GigaOM:
Facebook buys Karma app  —  The newly public Facebook says it is buying Karma, a mobile social gifting app.  The news was released via Karma's blog.  As we first posted, Karma was founded by Lee Linden and Ben Lewis who in their past life were co-founders of Tapjoy, that was acquired …
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.
Florian Mueller / FOSS Patents:
ITC orders import ban against Motorola Android devices that infringe a Microsoft patent  —  The United States International Trade Commission ("USITC", or just “ITC") today ordered an import ban against all Android-based Motorola Mobility devices that infringe a particular Microsoft patent …
Liz Gannes / AllThingsD:
SceneTap Interview: San Francisco's Least Welcome Start-Up Explains Itself (Video)  —  Late yesterday afternoon, I was supposed to meet SceneTap CEO Cole Harper at a bar in San Francisco, so I could get an in-person view of his company's nightlife monitoring system that was set to debut today at various local venues.
Stu Horvath / Wired:
The Imagination Engine: Why Next-Gen Videogames Will Rock Your World  —  An image from Epic Games' upcoming Unreal Engine 4 demo.  Image: Courtesy of Epic Games  —  When Tim Sweeney is out in the world discussing pedestrian things—the sweet tea at a particular barbecue restaurant, say …
Nick Wingfield / Bits:
Closure in Disappearance of Computer Scientist  —  Just over five years ago, Jim Gray, a computer scientist then working for Microsoft, vanished with his sailboat somewhere in the waters off in San Francisco beyond the Golden Gate Bridge.  Because no trace of Dr. Gray or his boat, Tenacious …
More: TechFlash
Alex Wilhelm / The Next Web:
Windows 8's desktop UI changes unveiled  —  If you have been following Windows 8 for any amount of time, you must have run across the Building Windows 8 Blog, the official organ of the Windows team.  It is not for massive, Internet-bending pieces of non-fiction that pack in enough context …
Dan Rowinski / ReadWriteWeb:
Computer Programming for All: A New Standard of Literacy  —  Everyone ought to be able to read and write; few people within the global mainstream would argue with that statement.  But should everyone be able to program computers?  The question is becoming critically important …
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.

Sponsor Posts

Microsoft:
Microsoft to modernize Special Olympics, raise system to the cloud  —  “We're so excited.  This is going to change our world.” says Special Olympics Chief Executive Officer Janet Froetscher.
Zoho:
Announcing Zoho SalesIQ - Real-time sales intelligence platform with tight Zoho CRM integration.  —  You run an apparel store.  There's a visitor who walked in after seeing your weekly ad.
SAY Media / SAY Daily:
Don't Look Now: Here Come the Disappearing Message Apps  —  Get ready for a world of expiring photos and vanishing status updates.
AdExchanger:
Eyeview Wants To Personalize Online Video Like Display And Search  —  It seems all online ads, except video ads, are targeted.  That online video largely isn't personalized seems odd, since the ad industry jumps …
 

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