Techmeme: SingTel gobbles up online food service HungryGoWhere for $9.4 million (Jon Russell/The Next Web)

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May 23, 2012, 4:25 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.

More: The Register, Reuters, Gawker, Webomatica, CNET, CNET, Mashable!, BostInno, Forbes, The Big Picture, Dealbreaker, Yahoo! Finance, Tech and China, Felix Salmon, BetaNews, Inside Facebook, WebProNews, The Reformed Broker and 24/7 Wall St.

Tweets: @dmac1, @mathewi and @pkafka

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: Mike Industries. Tweets: @carnage4life and @counternotions. See also Mediagazer

Reuters:

SEC, FINRA to review Facebook issues, Nasdaq sued — 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. After Friday's nearly flat close …

More: CNET, Digits, Washington Post, Business Insider, The Reformed Broker, Tech Trader Daily and VatorNews

Reuters:

The numbers on the Facebook earnings revisions — Four of Facebook's major underwriters — Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America — reduced their financial estimates for the soon-to-be-public company following the release of a revised prospectus on May 9 that noted …

Bob Van Voris / Bloomberg:

Facebook Investor Sues Nasdaq Over Delays In Offering — A Facebook Inc. (FB) investor sued Nasdaq OMX Group Inc. (NDAQ) claiming the stock exchange “badly mishandled” Facebook's initial public offering, delaying trading and failing to cancel orders when requested by customers.

More: VatorNews, Reuters and CNET

Wall Street Journal:

Nasdaq: Hindsight Says to Delay IPO

More: CNET, Deal Journal, TechFlash and AllThingsD

Wall Street Journal:

Inside Fumbled Facebook Offering

Jessica Toonkel / Reuters:

Massachusetts subpoenas Morgan Stanley for Facebook

More: Boston Herald, PC Magazine, Business Insider, VentureBeat and CNET

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: parislemon, Marco.org, 9to5Mac, Gotta Be Mobile, Redmond Pie and Gizmodo

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 …

Ina Fried / AllThingsD:

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

Business Week:

It's Official: Google Is Now a Hardware Company

More: 9to5Google

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: The Next Web, Pulse2 Technology …, CNET, Computerworld, VentureBeat, Digits, WebProNews, Marketing Land, Los Angeles Times and Inside Facebook

Mazhar Mohammed / The Windows Blog:

Starting today you need Windows Phone 7.5 to use Marketplace — Today's the day. This afternoon we started requiring Windows Phone 7.5 on phones to download, buy, update, or review apps in Marketplace. As I've written previously, this change applies to both the phone and web Marketplace storefronts.

More: WMPoweruser, Pocketnow, Engadget, The Verge and FierceMobileIT. Tweets: @theromit

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

Tweets: @isaach, @poornimagupta and @danprimack

Dan Primack / Fortune:

Kleiner investors blindsided by discrimination suit

More: PE Hub Blog

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?

More: CNET, Airtime, AllThingsD and The Next Web

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

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: Pulse2 Technology …, Ars Technica, PC Magazine and Ubergizmo. Tweets: @davezatz

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, Pulse2 Technology …, Neowin, PC World, The Blog Herald, VentureBeat, CNN, Los Angeles Times, msnbc.com, Mashable!, The Verge, Gizmodo, Gizmodo UK and Social Media

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: CNET and The Verge. Thanks:@malliegator

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, WebProNews and Lifehacker

John Callaham / Neowin:

Up to 500 million Windows 8 users by end of 2013, says Ballmer — Earlier today, we reported that Microsoft CEO Steve Ballmer said that 350 million devices with Windows 7 would be sold in 2012. Now a new report from AFP claims that Ballmer has made yet another prediction, this time on the sales of Windows 8.

More: PC World, The Verge, Bloomberg, Agence France Presse, CNET and TechFlash

Jon Fingas / Engadget:

Samsung Chromebox gets a premature outing, $330 price tag (video) — Samsung has been almost completely silent regarding its Chromebox since its CES outing, so we were taken aback when we were tipped off that it was hiding in plain sight on TigerDirect's web store.

More: The Verge, Liliputing, SlashGear, VR-Zone and 9to5Google

Jon Russell / The Next Web:

SingTel gobbles up online food service HungryGoWhere for $9.4 million — Telecom group SingTel has made another notable acquisition after it announced the $9.4 million (SG$12 million) purchase of Singaporean food website HungryGoWhere, further expanding its business outside of its core telecom focus.

More: ZDNet, TODAYonline, SGEntrepreneurs and Web 2.0 Asia Blog

Ryan Lawler / TechCrunch:

To Capture New Users, Socialcam Redesigns Its Website And Introduces A Leaderboard — Social mobile video startup Socialcam is rolling out a new website today, which is designed to create more engagement for users that might not have the mobile app installed.

More: AllThingsD, BetaKit and Black Web 2.0

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