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May 23, 2012, 9:46 AM
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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.
Reuters:
Facebook, Zuckerberg, banks sued over IPO  —  (Reuters) - Facebook Inc, Chief Executive Mark Zuckerberg, and several banks led by Morgan Stanley were sued by shareholders, who claimed the defendants hid the social networking leader's weakened growth forecasts ahead of its $16 billion initial public offering.
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.
Shane Richmond / Telegraph:
Jonathan Ive interview: Apple's design genius is British to the core  —  Apple's design guru Jonathan Ive, who receives a knighthood today for creating products such as the iPad, tells Shane Richmond why this country's industrial heritage lies behind his success.
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.
Robert McMillan / Wired:
IBM Outlaws Siri, Worried She Has Loose Lips  —  Siri doesn't work on IBM's internal networks.  (Image: Flickr/Photo Giddy)  —  If you work for IBM, you can bring your iPhone to work, but forget about using the phone's voice-activated digital assistant.  Siri isn't welcome on Big Blue's networks.
Matt McGee / Search Engine Land:
Bing's Visual Search Is Gone (Has Been For A While, Actually)  —  The fact that almost no one noticed might be one reason why Bing has dropped its Visual Search feature ... something that apparently happened months ago.  —  To be clear, this isn't traditional image search that we're talking about …
Ingrid Lunden / TechCrunch:
Social Media Marketer Vitrue Has Been Bought By Oracle For $300 Million  —  Breaking news: TechCrunch has discovered that software giant Oracle has made a big investment in social media today.  The company has bought Vitrue, the social media marketing company that is a close partner to Facebook.
Ernesto / TorrentFreak:
Pirate Bay Simplifies Circumvention of ISP Blockades  —  Within a few days, five of the largest UK Internet providers will all have to censor The Pirate Bay.  Virgin and Orange have already implemented the block and the rest must follow before the end of May.
Colleen Taylor / TechCrunch:
Airtime Acquires Former Hulu CTO's Startup Erly, Raises $25M Series B Funding  —  We've learned that Airtime, the video startup founded by famed Napster alums Shawn Fanning and Sean Parker, has allegedly made its first acquisition — before truly exiting stealth mode.  The target?
Heather Kelly / VentureBeat:
Google+ wants to be your new Flickr  —  Google+ is succeeding in small bursts, feature by feature.  As a social network competing with Facebook it's a flop, but its video-chat tool Hangouts is a winner.  Now photo sharing is poised to be the service's next breakout hit …
More: Mashable! and GigaOM
New York Times:
Google Privacy Inquiries Get Little Cooperation  —  Secrets spilled across the computer screen.  —  After months of negotiation, Johannes Caspar, a German data protection official, forced Google to show him exactly what its Street View cars had been collecting from potentially millions of his fellow citizens.
Jerry Hirsch / Los Angeles Times:
Plan for self-driving cars passes California Senate hurdle  —  Legislation allowing for the use of self-driving cars such as this Toyota Prius modified by Google passed the California State Senate (Getty Images / May 21, 2012)  —  A bill that allows for the use of self-driving cars …

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From Mediagazer

Sara Fischer / Axios:
Source: Bari Weiss is planning to create a masthead for CBS News as part of a broader overhaul of standards and procedures

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

Alex Weprin / The Hollywood Reporter:
WBD's board says it will “carefully review and consider” Paramount's revised offer, which includes a full backstop personally guaranteed by Larry Ellison

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