May 22, 2012, 7:20 AM

Top News

Alistair Barr / Reuters:
Insight: Morgan Stanley cut Facebook estimates just before IPO  —  (Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.
Felix Salmon:
Morgan Stanley's $2.4 billion Facebook short  —  Matt Levine had a very wonky post on Friday afternoon about the dynamics of the Facebook IPO in general and of the very misunderstood greenshoe option in particular.  Now that we've all had a nice relaxing weekend, it's maybe worth revisiting that greenshoe …
More: DealBook and BuzzFeedTweets: @cdixon
Owen Thomas / Business Insider:
The Other Challenge Of Facebook's Stock Swoon: Recruiting  —  Now that Facebook's public, and its stock has slipped below the IPO price, will it still be a hot place to work?  —  A stagnant stock price can dent employee morale—just ask Microsoft or Yahoo.
More: Guardian
Dean Takahashi / VentureBeat:
Are You a Human replaces annoying CAPTCHAs with games  —  Websites need to verify that a visitor is a real person and not an automated bot.  But the CAPTCHA test that they came up with — where you have to type in the word that you see in a blurry distorted font image — is extremely annoying and often leads to multiple failures.
Joe Moreno / Mea Vita:
Upside Down Apple Logo  —  Sometimes, even the science and studies can be wrong.  Not because of an error, but because you didn't dig deep enough.  —  About a dozen years ago we had some discussions at Apple about the placement of the logo on the back of Apple's laptops.
Erin Griffith / PandoDaily:
Bootstrapped GitHub Raising a Round from Andreessen Horowitz  —  Github is nearing a close on a round of venture funding from Andreessen Horowitz, according to sources familiar with the situation.  —  The popular social network for programmers and code host has famously bootstrapped itself up to this point.
Tweets: @johnsheehan and @pwittmann
Frederic Lardinois / TechCrunch:
Open Garden Lets You Crowdsource Your Mobile Connectivity  —  What if you couldn't just share your Internet connection with the few WiFi devices tethered to your phone or hotspot, but with pretty much everybody around you?  Open Garden, which is launching at TechCrunch Disrupt today …
More: CNET
Liz Gannes / AllThingsD:
Google Voice Founder Tackles Conference Calls  —  Uberconference debuts today as a new interface for conference calls — you know, those terrifically annoying occurrences that people in business deal with on a daily basis.  —  What's notable about the product is it comes from Craig Walker …
Josh Constine / TechCrunch:
After Walking Away From Acquisition Talks With Facebook, Ark Opens Its People Search Engine  —  Following a jam-packed beta test and a jaw-dropping $4.2 million seed round, Ark people search is open for sign least for the next three days.  Ark lets you sift through profiles on Facebook …
More: GigaOM and CNET
Ryan Lawler / TechCrunch:
Machinima Gets $35M In Funding, Led By Google  —  After being first reported by AllThingsD, online video creator Machinima confirmed Monday that it has closed a $35 million funding round led by Google, which also included existing investors Redpoint Ventures and MK Capital.
Chris Dixon:
Four types of mobile apps  —  If you are a founder trying to create a new mobile app or an investor trying decide whether an app has enduring value, it is helpful to separate the ways that people use apps into four categories.  —  1. Time wasters: Apps that can be used for short bursts when you are waiting in line, etc.
Nate Anderson / Ars Technica:
Supreme Court declines to hear $675,000 file-swapping case  —  Boston student Joel Tenenbaum may be in for a second federal trial.  —  Appeal denied  —  United States Supreme Court  —  The Supreme Court this morning declined (PDF) to hear the appeal of admitted file-swapper Joel Tenenbaum …
Jordan Kahn / 9to5Mac:
Sony releases ‘Music Unlimited’ Spotify competitor as iOS app  —  Looking to rival competitors like Spotify and MOG, Sony today launched its Music Unlimited streaming service as an iOS app.  We told you back in January that it was coming, but today the free app officially hits the App Store …
Panic announces Coda 2, Diet Coda for iPad  —  Web developers, rejoice.  On Monday, Panic announced that, come Thursday, it will unleash Coda 2 for Mac and Diet Coda for iPad.  —  Web developers, rejoice.  On Monday, Panic announced that, come Thursday, it will unleash Coda 2 for Mac and Diet Coda for iPad.
Brian Stelter / Media Decoder:
Time Warner Cable Head Sides With TV Networks Over Ad-Erasing Technology  —  BOSTON — The head of one of the country's biggest cable companies voiced his disapproval of the Dish Network's ad-erasing technology on Monday, aligning himself with television networks that are trying to squash the technology, called Auto Hop.

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