Techmeme
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:
China's largest ride-hailing service uses Office 365 add-in to keep business moving  —  With taxis often hard to get, and traffic a challenge, company and government customers can easily call for a ride from within Outlook.
Lucidchart:
Solve problems visually with Lucidchart  —  The world's fastest growing technology companies use our diagramming software to improve collaboration and productivity.  Try it now!
Worldpay:
Tomorrow!  The biggest payment UX webinar of the year  —  Learn how to work with different payment types to maintain control of and simplify your payment UX in our webinar with @Deezer, @unity3d.  Register now!
Zoho:
Less busy projects with Slack  —  The best way to chat while working in Zoho Projects is the Zoho Chat plug-in.  However, if your organization already uses Slack for internal communication …
Amazon:
Introducing Amazon One  —  A behind the scenes look at our first ever Amazon branded plane.  Check out our video to learn more about the employees who got Amazon One off the ground.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:35 AM ET, May 19, 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