Techmeme: How The Media (Including TechCrunch) Is Wrong About Facebook's IPO (Dan Scholnick/TechCrunch)

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May 21, 2012, 2:05 PM

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Mike Isaac / AllThingsD:

On Day Two, Facebook Shares Open More Than 10 Percent Off — After opening at a share price of $36.53, shares of Facebook stock dipped by more than 10 percent below the company's initial public offering price of $38, trading as low as $33 at one point on Monday morning.

Henry Blodget / Business Insider:

Well, Now That Everyone Has Sobered Up, Let's Figure Out What Facebook Is Actually Worth... Thank goodness that's over. — The Facebook IPO could have been a major disaster for millions of individual investors. — If the stock had “popped” to a truly ludicrous level on IPO day …

More: Guardian and CNET

Dan Scholnick / TechCrunch:

How The Media (Including TechCrunch) Is Wrong About Facebook's IPO — Judging by many of the headlines on Friday, you might think that Facebook's IPO was a miserable failure. The Wall Street Journal declared, “Facebook's IPO Sputters,” and our very own TechCrunch declared that bankers were “struggling” to keep the share price up.

More: CNET, Inquirer and The Register. Tweets: @om

Jon Russell / The Next Web:

Google Chrome overtakes Internet Explorer as the Web's most used browser — Google Chrome has been long expected to leapfrog Microsoft's Internet Explorer (IE) to take its position as the Web's most used browser and, according to data from Statcounter, the momentous change of leadership happened last week.

Ingrid Lunden / TechCrunch:

Motorola Mobility Says $12.5B Google Deal To Close Tuesday Or Wednesday. Layoffs Coming? — Google has reached the final regulatory hurdle to its $12.5 billion acquisition of Motorola Mobility, with China approving the transaction over the weekend, and today Motorola Mobility filed an 8-K form …

More: The Verge, Los Angeles Times, Search Engine Watch, 9to5Google, IntoMobile, dailywireless.org, Macworld, Softpedia News, Pulse2 Technology …, Inquirer and BGR

Foo Yun Chee / Reuters:

EU offers Google last chance in antitrust case — (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine.

Seth Weintraub / 9to5Mac:

Apple CFO Peter Oppenheimer sends brochure to Cupertino neighbors inviting feedback on new 'Campus 2′ — Apple is currently involved in an outreach program to new neighbors in its planned “Campus 2″ area. A brochure was mailed this week to residents surrounding the new campus …

More: CNET, Los Angeles Times, The Verge, Ars Technica, TUAW, Pulse2 Technology …, WebProNews, Gizmodo, everythingiCafe and iPhone in Canada Blog

Brad Stone / Business Week:

Michael Moritz to Step Back at Sequoia Capital — Michael Moritz, the prominent Silicon Valley investor who has backed companies such as Google (GOOG), LinkedIn, PayPal, and Yahoo (YHOO), is stepping back from some of his responsibilities at his firm, Sequoia Capital, and has disclosed …

More: Business Insider, GigaOM, TechCrunch, Fortune, CNET and PandoDaily

Tweets: @akovacs, @danprimack, @sacca, @chrisyeh and @laragon

Jacob Bunge / Wall Street Journal:

Nasdaq Confronts Liability on Traders' Losses in Facebook IPO — Nasdaq OMX Group Inc. is facing demands from irate brokers and traders that want the exchange group to make up losses driven by its mishandling of Friday's initial public offering of Facebook Inc.

More: Fox Business, AllFacebook and Wall Street Journal

Daniel Terdiman / CNET:

Leap Motion: 3D hands-free motion control, unbound — The startup's technology puts sub-millimeter accuracy at user fingertips, offers control gestures like pinch-to-zoom, and promises new applications that make the Kinect and its kin look like yesterday's news.

More: BuzzFeed, Ars Technica, Business Insider, Gizmodo, blogs.ft.com, Geek.com, TUAW, VentureBeat, I4U News, WebProNews, Pulse2 Technology …, Wall Street Journal, The Verge and Engadget

Matthew Panzarino / The Next Web:

Google giving Cornell University 22k square feet of free office space at its NYC HQ for 5 years — Google's Larry Page today announced that the company would be giving over the use of 22,000 square feet of its New York City headquarters to CornellNYC Tech, while the university builds its new campus on Roosevelt Island.

More: GigaOM, 9to5Google, Betabeat, Associated Press, Bloomberg, Mashable!, New York Times and Business Wire

Marguerite Reardon / CNET:

Cable companies expand free Wi-Fi — BOSTON—The nation's biggest cable operators are banding together to offer free Wi-Fi access to their broadband customers in more than 50,000 hotspots around the country. — On Monday, Bright House Networks, Cablevision, Comcast, Cox Communications …

More: GigaOM, Ars Technica, DSLreports, VentureBeat, Macworld, dailywireless.org, FierceWireless, Business Wire, GigaOM, The Verge, ZDNet and The Next Web

Richard Lawler / Engadget:

Comcast officially launches next-gen X1 DVR platform and iPhone remote app — As expected, Comcast is kicking off the rollout of its new X1 (previously beta tested under the name Xcalibur) DVR platform. The announcement was made at the Cable Show in Boston, and that's where it will be available first …

More: The Verge, VentureBeat, MarketWatch, GigaOM, Comcast, TechCrunch, WebProNews, I4U News and Zatz Not Funny!

Scott Thurm / Wall Street Journal:

Apple's Cook Tops the List of Highest-Paid CEOs — Steve Jobs left big shoes. Apple Inc. is betting $378 million that Tim Cook is the right guy to fill them. — That is the value of the annual pay package Mr. Cook was awarded last August, when he was named Apple chief executive, about two months before Mr. Jobs died.

More: The Next Web

Josh Constine / TechCrunch:

Google Missed The Boat On Buying Twitter. “Hasn't Been Interested Since They Committed To Google+” -Fred Wilson — Michael Arrington says Dick Costolo gave Google the chance to buy Twitter, but the search giant passed. Fred Wilson, Union Square Ventures founder and former Twitter board member …

More: VentureBeat and Business Insider

Robin Wauters / The Next Web:

Hulu's summer plans: 3 original and 7 exclusive TV shows to premiere starting June 4 — Hulu this morning announced a slate of original and exclusively licensed TV shows that will begin premiering on June 4 on the online video streaming site and premium subscription service Hulu Plus.

More: VatorNews, Gizmodo, VentureBeat, CNET, TechCrunch, Business Wire, Wall Street Journal, GadgeTell and Wired. See also Mediagazer

John Paczkowski / AllThingsD:

Carriers Willing to Live With High iPhone Subsidies for Now — Much as U.S. wireless carriers would like to reduce the high subsidies they pay on Apple's iPhone, there's little chance that they'll do so anytime soon. — Why? — They're far too worried about what would happen to their customer-retention rates if they did so.

More: TUAW, IntoMobile and App Advice

Matt Brian / The Next Web:

Samsung begins blocking unofficial S-Voice requests ahead of Galaxy S III launch — After features underpinning its soon-to-be-released Galaxy S III smartphone leaked, Samsung is reported to have begun blocking unofficial requests generated by its S-Voice service from unsupported devices.

More: Inquirer, 9to5Google, Android Community, Softpedia News, TechnoBuffalo, Appolicious Advisor, Gotta Be Mobile, Phones Review, Engadget, SlashGear and The Verge

Neil Hughes / AppleInsider:

Apple's iPhone 3GS expected to live on for under $300 in developing markets — Instead of being discontinued later this year, the iPhone 3GS, first released in 2009, may stay in production for Apple to sell contract-free in developing markets, where prepaid smartphones are popular.

More: The Tech Trade, VentureBeat, BGR, Computerworld, 9to5Mac, iPhone, iDownloadBlog.com, iPhone in Canada Blog and PhoneArena

John Cook / GeekWire:

Google pays $10M for TeraHop patents: Sale to help investors in fraud case recoup cash — Big technology companies are searching everywhere for patents, looking to protect themselves from future litigation. Now, Google has emerged as the buyer of a patent portfolio in a complex fraud case …

Robert McMillan / Wired:

How Apple and Microsoft Armed 4,000 Patent Warheads — In many ways, Scott Widdowson is your typical electrical engineer. Most days, when the weather's good, he bikes the 15 miles along the Ottawa River to his company's offices in the west end of the Canadian capital.

More: CNET

Liz Gannes / AllThingsD:

GitHub Now Has a Windows Client — GitHub, the collaboration and version control site for open source and corporate developers, today is launching a Windows client. This is a significant move for the company as 50 percent of its traffic comes from Windows, despite the lack of any core tools for it …

More: The Next Web and VentureBeat

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