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May 22, 2012, 7:45 PM
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Top News

Reuters:
SEC, FINRA to review Facebook issues, Nasdaq sued  —  (Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq.
Michael Wolff / Technology Review:
The Facebook Fallacy  —  Facebook is not only on course to go bust, but will take the rest of the ad-supported Web with it.  Given its vast cash reserves and the glacial pace of business reckonings, that will sound hyperbolic.  But that doesn't mean it isn't true.
More: Washington Post.  Tweets: @carnage4life
Alistair Barr / Reuters:
Insight: Morgan Stanley cut Facebook estimates just before IPO
Larry Page / The Official Google Blog:
We've acquired Motorola Mobility  —  The phones in our pockets have become supercomputers that are changing the way we live.  It's now possible to do things we used to think were magic, or only possible on Star Trek—like get directions right from where we are standing; watch a video on YouTube …
9to5Mac:
Likely next-generation iPhone with 3.999-inch display, 1136 x 640 resolution in testing (updated: more decimals)  —  Apple is testing multiple next-generation iPhones, and we have independently heard that at least one of these devices sports a brand new display.
Colleen Taylor / TechCrunch:
Kleiner Perkins Sued By Partner Ellen Pao For Alleged Sexual Harassment, Gender Discrimination  —  Kleiner Perkins Caulfield and Byers, one of the most storied and well-respected venture capital firms in Silicon Valley, has been sued by Ellen Pao, an investment partner with the firm.
Carl Franzen / Livewire:
Facebook Begins Testing Redesigned “Timeline” View  —  Days after it first began offering stock in a rocky initial public offering, Facebook has quietly begun testing a new look for user profiles, or “Timelines,” the company confirmed to TPM.  —  Here is a view of the new Timeline view Facebook …
Dan Levine / Reuters:
Facebook settles lawsuit over “Sponsored Stories”  —  (Reuters) - Facebook Inc. has agreed to settle a proposed class action lawsuit that alleged the site's “Sponsored Stories” feature publicized users' “likes” without compensation or the ability to opt out, according to a court document filed on Tuesday.
NBC Bay Area:
VP of Palo Alto's SAP Arrested in LEGO Bar Code Scam  —  A San Carlos software engineer is charged with four counts of felony burglary.  —  A Silicon Valley executive could soon be trading LEGO blocks for cell blocks.  It's a story you will only see on NBC Bay Area News.
Matt Thompson / The Mozilla Blog:
Introducing “Mozilla Webmaker:” helping the world make the web  —  Today, we're proud to launch “Mozilla Webmaker,” a new program to help people everywhere make, learn and play using the open building blocks of the web.  —  The goal: help millions of people move from using the web to making the web.
More: eWeek and WebProNews
Matthew Humphries / Geek.com:
VIA launches $49 Android PC  —  The Raspberry Pi has set the price bar very low for a fully functional PC, and no one has managed to get anywhere near it yet.  VIA is within spitting distance though, with the announcement today of a $49 Android PC (APC) system.
More: Ars Technica and Ubergizmo.  Tweets: @davezatz
John Paczkowski / AllThingsD:
100 Most Valuable Brands: Apple Tops Again; Nokia Disappears  —  WPP's Millward Brown published its annual BrandZ study, ranking the world's leading brands, which are increasingly technology companies.  According to the research house, four of the top five global brands and seven of the Top 10 are tech firms.
Kenneth Wong / Bloomberg:
SAP Agrees to Buy Ariba in $4.3B Deal  —  SAP AG (SAP), the largest business- management software maker, agreed to buy Ariba Inc. (ARBA) (ARBA) to add a cloud-computing applications maker in a transaction valued at about $4.3 billion.  —  SAP offerd $45 a share for Ariba …
Ryan Spoon:
Announcing Spindle.  —  It's a bold vision: “build the discovery engine for hte social web”... and that's precisely what excites us about Spindle.  Based in Cambridge, MA and started in Dogpatch Labs, Spindle aims to deliver actionable information and news that you wouldn't have found otherwise …
Jeff John Roberts / paidContent:
Facebook loses trademark fight against adult social network  —  A federal judge has refused to order a Norwegian website that describes itself as “the number one socializing porn and sex network” to turn over its name to Facebook.  —  U.S. District Judge Jeffrey White last week ruled …
Liz Gannes / AllThingsD:
Airbnb Will Now Cover up to $1M Worth of Property Damage  —  Airbnb is putting up some cash to build a reputation around the safety and security of its hosts' property.  The company today committed to cover as much as $1 million in damage resulting from a booking.
Ingrid Lunden / TechCrunch:
Someone Is Asking The USPTO To Invalidate Zuckerberg's News Feed Patent, But Yahoo Says Not Us  —  One idea floated when Ross Levinsohn took the reins as the interim CEO of Yahoo is that he might represent a kinder, gentler phase in the Internet company's contentious patent fight against Facebook.
More: WebProNews

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This is a Techmeme archive page. It shows how the site appeared at 7:45 PM ET, May 22, 2012.

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From Mediagazer

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

Winston Cho / The Hollywood Reporter:
The FTC bans noncompete clauses that restrict job switching, potentially complicating hiring in Hollywood as firms try to protect trade secrets and other info

More News

Earlier Picks

Tricia Duryee / AllThingsD:
AmEx to Offer a Prepaid Debit Card That Rewards Users in FarmVille Cash
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