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May 19, 2012, 7:50 AM
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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 …
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.
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.
GigaOM:
Facebook IPO: Here is the best of the web  —  Feeling overwhelmed with all the Facebook chatter?  Is all this talk of the IPO making you yearn for the weekend already?  Well, we are going to make life a little easier for you and find you best stuff for you to read from all around the social web.
Alexei Oreskovic / Reuters:
Historic Facebook IPO marred by trading glitches
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 …
Florian Mueller / FOSS Patents:
Apple files for immediate Galaxy Tab 10.1 ban in the United States after partially successful appeal  —  At 8 PM local California time on Friday, Apple filed a motion for a U.S. preliminary injunction against Samsung's Galaxy Tab 10.1.  The motion is based on a ruling by the Court of Appeals …
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.
Matthew Panzarino / The Next Web:
The story of the ‘secret’ room at Pixar, frequented by Steve Jobs and many other celebrities  —  Truthfully, I thought everyone knew about the ‘Lucky 7 Lounge’.  It's a secret room at Pixar that's really not so secret now.  But I took a quick poll of some friends and coworkers and drew a blank, so here goes.
More: iClarified
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 …
Andrew Webster / The Verge:
Motorola Droid RAZR and RAZR Maxx getting Android 4.0 in Q2, Bionic in Q3  —  Motorola has updated its timeline for Ice Cream Sandwich updates for a number of devices, several of which should see Android 4.0 within the next few months.  In the US, both the Droid RAZR and RAZR Maxx are expected …
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.
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
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 …
Ingrid Lunden / TechCrunch:
$16B Should Cover It: Here's The $15B Facebook Privacy Class Action Suit, And Facebook's Response  —  Facebook, which has now listed on NASDAQ, is set to make $16 billion if its share holds at the $38 price that it set yesterday — more if it ends higher.  Here's a coincidence …
More: WebProNews and Techland
Bloomberg:
Facebook Sued For $15 Billion In Suit Over User Tracking

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From Mediagazer

Manish Singh / TechCrunch:
Indian streaming service JioCinema launches an ad-free subscription plan with the lowest tier costing $0.35/month for a single device, undercutting rivals

Murray Stassen / Music Business Worldwide:
Warner Music Group sells Uproxx, HipHopDX, and other assets to a new company, Uproxx Studios, formed by Jarret Myer, Rich Antoniello, and will.i.am

New York Times:
Sources detail NPR's struggles with declining audiences, falling sponsorship revenue, internal conflicts over turning things around, and a diversity push

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