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11:25 AM ET, October 25, 2007

Techmeme

 Top Items: 
Steve / The Secret Diary of Steve Jobs:
Oh snap!  Faceberg raises another $500 million  —  Word up.  Hot on the heels of the big investment by the Borg only a few hours ago, Facebook has now landed another $500 million from two hedge funds in New York.  At the same $15 billion valuation.  It is on, people.
RELATED:
Brad Stone / New York Times:
Microsoft to Pay $240 Million for Stake in Facebook  —  Microsoft has won a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart Facebook.  —  The two companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook.
Terrence Russell / Epicenter:
Three Reasons Microsoft Underpaid For Facebook  —  It's official — the truth is less profitable than fiction.  Facebook has secured the cornerstone of its $15 billion valuation with today's Microsoft alliance.  But at $240 million, that's only a 1.6% slice of a much larger pie.
Michael Arrington / TechCrunch:
Perspective: Facebook Is Now 5th Most Valuable U.S. Internet Company  —  Yesterday came news that Microsoft invested $240 million into Facebook, valuing the company at $15 billion.  —  How much is $15 billion?  It's hard to understand how much money that really is.
Peter Kafka / Silicon Alley Insider:
Facebook Raises Another $500 Milion
MEETblog:
Facebook Rumors: Making Friends with More investors
Cynthia Brumfield / IP Democracy:
FSJ: Facebook Has Raised Another $500 Mil.
Discussion: Mashable!
David Pogue / New York Times:
Apple Offers New Goodies in Leopard System  —  If you're a computer company, what on earth do you add to the sixth annual version of your operating system?  —  It's not as though there are any glaring holes left.  Nobody is still crying out for a better way to organize photos.
RELATED:
Walter S. Mossberg / Wall Street Journal:
Leopard: Faster, Easier Than Vista  —  Upgrade of Apple's OS  —  Isn't Revolutionary,  —  But It Beats Microsoft's  —  The Mac is on a roll.  Apple Inc.'s perennially praised but slow-selling Macintosh computers have surged in popularity in the past few years, with sales growing …
USA Today:
Leopard, Apple's new Mac operating system, hits all the right spots  —  When Steve Jobs unleashes Mac OS X Leopard on Friday, Mac fans and others considering an Apple computer for the first time will have questions.  Is the new Leopard operating system worth the $129 upgrade price?
Discussion: Switched, TechBlog, ParisLemon and Gizmodo
Ryan Block / Engadget:
Leopard reviews coming in, usual suspects agree: it's all gravy
Discussion: David Schatsky and Valleywag
Robert Scoble / Scobleizer:
Reports of PodTech's demise are bull####  —  It's amazing.  A fake blogger, Fake Steve Jobs, reports that PodTech is closing down.  This is total, 100% bull####.  Not even deserving of a response.  I'm not leaving PodTech.  When, er if, I am you'll read it here on my blog.
Discussion: WebProNews and Mashable!
RELATED:
Steve / The Secret Diary of Steve Jobs:
PodTech: RIP  —  Well, they've had a good run but apparently the Casa de Scoble is heading for the big sleep.  Or is it the dirt nap?  I can never remember.  No announcement yet but we hear it's imminent.  Word is that Scoble was planning to bail in January anyway but now he won't have to.
Duncan Riley / TechCrunch:
PodTech Heading Towards The Deadpool?  —  Fake Steve Jobs aka Daniel Lyons has written that he's heard that PodTech will be closing up shop with an announcement imminent.  —  We can't confirm the rumor although I have pinged Robert Scoble asking him to comment.  If we get a response we'll publish it.
Dan Goodin / The Register:
More gnashing of teeth after Microsoft update brings PCs to a standstill  —  Resource-hogging search app sprung on reluctant admins  —  Something seems to have gone horribly wrong in an untold number of IT departments on Wednesday after Microsoft installed a resource-hogging search application …
RELATED:
Sadjad's space:
Windows Desktop Search 3.01 in now Mandatory
Discussion: Neowin.net
Greg Sterling / Search Engine Land:
Live Search Almost Certainly Coming To Facebook  —  During this afternoon's Microsoft-Facebook conference call the question was asked whether the new deal would include paid search.  Microsoft's Kevin Johnson and Facebook's Owen Van Natta declined to directly answer the question …
Discussion: WebProNews and LiveSide
RELATED:
Megan McCarthy / Valleywag:
Jackpot: Mark Zuckerberg, the $5 billion man  —  One thing has been overlooked in today's Facebook valuation announcement — how much the major players can now claim to be worth.  A source tells us that Facebook founder Mark Zuckerberg owns about 30 percent of the company …
Discussion: Mark Evans, PDA, HipMojo.com and Digg
RELATED:
Business Wire:
BEA Board Sets $21.00 Per Share Value Position  —  SAN JOSE, Calif.—(BUSINESS WIRE)—The Board of Directors of BEA Systems (NASDAQ: BEAS - News) today issued the following statement:  —  "We continue to believe that Oracle's unsolicited proposal to acquire BEA at $17.00 per share significantly …
BBC:
Virtual worlds threaten 'values'  —  The growing number of toy-themed virtual worlds aimed at young people risks undermining the basic human values we wish to instill in children.  —  So said industry veteran Lord Puttnam opening a London conference devoted to discussing virtual worlds.
Mark Hendrickson / TechCrunch:
Friendster Announces Developer Platform; Can You Say "Commodity"?  —  Good thing we launched the CrunchBase widget, because you may need it to refresh your memory about a certain social networking company called Friendster that's announcing its own developer platform today (okay okay …
Opera:
Opera Link: your stuff everywhere  —  Opera connects mobile and desktop worlds  —  Oslo, Norway and Mountain View, CA - October 25, 2007  —  Opera, the only company that puts the Web on any device, today released Opera Link.  Wherever you are, whatever Opera browser you use …
RELATED:
Mark Hendrickson / TechCrunch:
Synchronize Your Browsing Habits with Opera Link
 
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 More Items: 
Chris Soghoian / CNET News.com:
Congressman to Comcast: Stop interfering with BitTorrent
Discussion: Ars Technica and Andrew Lih
John Kullman / MobileCrunch:
Donate to Red Cross with Text 2Help Program
Discussion: Mobility Site
Associated Press:
Yahoo Chairman Semel exercises options
Richard Waters / MSNBC:
Google bullish on advertising system
Discussion: Search Engine Land
Belo Corporate Press Releases:
Belo Reports Results for Third Quarter 2007
David Kaplan / paidContent.org:
Earnings: Scripps Posts Higher Q3 Revenue And Profits, While …
Wagner James Au / GigaOM:
Lord Of The Rings Online: MMORPG Meets Web 2.0
Discussion: Wonderland and Xconomy
Paul Stokes / Telegraph:
Oink founder: We're just like Google
Discussion: TorrentFreak and p2pnet
 Earlier Items: 
Jibi / The Boy Genius Report:
RIM updates Yahoo and Google Talk IM clients
Securitydude / Network Observations:
Outrage: An Open Letter to the FCC
Scott Karp / Publishing 2.0:
Facebook, Defined Networks, and the Inverse of Metcalfe's Law
Mike Masnick / Techdirt:
UK Considers Forcing ISPs To Block File Sharing
Ina Fried / ZDNet:
Ballmer: Calling on mobile
Stephen C. Miller / New York Times:
Copy Video From Your PC, and Then Watch It on Your TV
Nick / Rough Type:
The science of blog reading
Discussion: Tech IT Easy and broadstuff