Techmeme: Facebook settles lawsuit over “Sponsored Stories” (Dan Levine/Reuters)

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May 22, 2012, 8:35 PM

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Henry Blodget / Business Insider:

EXCLUSIVE: Here's The Inside Story Of What Happened On The Facebook IPO — And now for some more bombshell news about the Facebook IPO... Earlier, we reported that the analysts at Facebook's IPO underwriters had cut their estimates for the company in the middle of the IPO roadshow, a highly unusual and negative event.

More: CNET, BostInno, Inside Facebook, Forbes, Gawker, Yahoo! Finance, BetaNews and WebProNews

Tweets: @dmac1 and @pkafka

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.

More: Wall Street Journal, CNET, Firstpost, Firstpost and Business Insider

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

Wall Street Journal:

Nasdaq Points Up Regrets in Launching Facebook IPO — A senior Nasdaq Stock Market official told customers Tuesday afternoon that it would have pulled the plug on Facebook Inc.'s initial public offering had it known the full extent of the technical problems that plagued its systems.

More: CNET, TechFlash and Deal Journal

Alistair Barr / Reuters:

Insight: Morgan Stanley cut Facebook estimates just before IPO

Jessica Toonkel / Reuters:

Massachusetts subpoenas Morgan Stanley for Facebook

More: VentureBeat, Business Insider, CNET, Boston Herald and Firstpost

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 …

Business Week:

It's Official: Google Is Now a Hardware Company — Last August, Google (GOOG) Chief Executive Officer Larry Page fulfilled a pledge made to one of his senior executives, a square-jawed former attorney named Dennis Woodside. Apple (AAPL) CEO Tim Cook had been trying to poach Woodside …

More: The Next Web, Techland, Guardian, Business Insider, Business Insider, 9to5Mac, The Next Web, The Next Web, IntoMobile and Techie Buzz

Ina Fried / AllThingsD:

Several Other Motorola Executives Join Sanjay Jha in Heading For the Exits

Liz Gannes / AllThingsD:

It's Time to Googorola: Acquisition Finally Closes and Google's Dennis Woodside Put in Charge

More: Bits, CNET, Wired, Inquirer, MobileBurn.com, MobileSyrup.com and LAPTOP Magazine

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.

John Gruber / Daring Fireball:

THX1136 — Big scoop by 9to5 Mac: … What I've heard from a couple of little birdies is only that Apple has been noodling with increasing the height of the display, keeping the width and pixel density exactly the same as on the iPhone 4 and 4S. I had not heard an exact pixel number for the new height.

More: Marco.org, 9to5Mac, Gotta Be Mobile and Pocketnow

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.

More: Fortune, AllThingsD, Bits, Social Markets, Business Insider, CNET, Venture Capital Dispatch, PE Hub Blog, The Technology Chronicles, Betabeat and Pulse2 Technology …

Tweets: @poornimagupta and @danprimack

Dan Primack / Fortune:

Kleiner investors blindsided by discrimination suit

More: PE Hub Blog

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 …

More: CNET, PC World, CNN, Pulse2 Technology …, Mashable!, msnbc.com, The Verge, Gizmodo UK, Gizmodo, The Blog Herald, VentureBeat and Neowin

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.

More: CNET, Digits, Inside Facebook, The Next Web, Marketing Land, VentureBeat, Los Angeles Times and WebProNews

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.

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

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

Joanna Stern / ABC News:

ooVoo: 12-Way Video Calling Comes to Facebook and the iPad — Skype and FaceTime might be the household names when it comes to video calling these days, but ooVoo doesn't want that to be the case for much longer. — The video chat service announced today that it's bringing its 12 …

More: LAPTOP Magazine, Gizmodo, Business Insider, GigaOM, TechCrunch, WebProNews, Mashable!, Engadget and Appolicious Advisor

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.

More: ClickZ, Forbes and The Tech Trade

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 …

More: ZDNet, SAP Newsroom, Pulse2 Technology … and Reuters

Dylan Tweney / VentureBeat:

Larry Page on Charlie Rose: “We're still waiting” for Facebook to unlock user data — Google chief executive Larry Page appears on PBS show “Charlie Rose” this evening at 11 p.m. local time. — In the show, Page addresses a wide range of topics, starting with today's surprising news …

More: Business Insider, TechCrunch, Marketing Land, Android Community, CBS News, Geek.com, 9to5Google, WebProNews, Pocket-lint and ReadWriteWeb

Jason D. O'Grady / ZDNet:

TiVo streaming coming to iOS this summer — TiVo fans rejoice! Streaming from the original DVR is finally coming to iOS devices like the iPad and iPhone this summer. — During the 2012 NCTA Cable Show which opened today in Boston TiVo announced two new devices.

More: Computerworld, iPhone, MacRumors, iDownloadBlog.com, Business Insider, iDevice.TV, PhoneArena, IntoMobile, App Advice and 9to5Mac

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 …

More: Spindle Blog and I Know You Know

Brent Goldman / Facebook Developer Blog:

Driving mobile app installs with the App Center — We're excited that developers are beginning to realize the power of integrating Facebook into their mobile apps. As of today, seven of the top 10 grossing iOS apps and five of the top 10 Android apps have integrated with Facebook.

More: The Verge. Thanks:@malliegator

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 …

More: XBIZ Newswire, CNET, The Domains and WebProNews

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