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12:25 PM 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:
Peter Kafka / Silicon Alley Insider:
Facebook Raises Another $500 Milion  —  Forbes' Elizabeth Corcoran, reporting from the magazine's MEET Conference in L.A., says Facebook raised another $500 million yesterday in addition to Microsoft's $240 million.  The money is supposed to have come from two NYC-based hedge funds …
MEETblog:
Facebook Rumors: Making Friends with More investors  —  Two hedge funds from New York have apparently jumped into the Facebook deal.We've got our ear to the ground to figure out who it is but each put in about $250 million—for $500 million total—at the same valuation as Microsoft Corp.
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 …
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, Valleywag 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.
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.
RELATED:
Terrence Russell / Epicenter:
Three Reasons Microsoft Paid so Little 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.
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.
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
Larry Dignan / Between the Lines:
BEA: We're worth $21 a share  —  BEA Systems' board of directors says it will negotiate with Oracle-or other third parties-with opening bids at $21 a share, $4 a share higher than Oracle's current offer.  —  For those keeping score at home.  Oracle made its offer Oct. 9 and the two have been volleying letters ever since.
Discussion: eWEEK.com
RELATED:
Business Wire:
BEA Board Sets $21.00 Per Share Value Position
Discussion: Tech Trader Daily
Andy Greenberg / Forbes:
Google Scares The Search Crowd  —  Google, for online businesses, has the impact that Alan Greenspan once had on the financial markets.  Online companies pounce on every whisper or cryptic comment from Google about how it ranks pages as an indicator—up or down—of how online traffic will flow for millions of Web sites.
RELATED:
Comcast:
Comcast Reports Third Quarter 2007 Results  —  13% growth in Cable Operating Cash Flow  —  Board of Directors authorizes $7 billion increase to Share Repurchase  —  Repurchased $1.9 billion year to date or 70 million Comcast shares  —  Financial Tables
Dominic Kennedy / Times of London:
Labour 'conspired with phone companies to keep prices high'  —  Labour conspired with mobile-phone companies to let them impose high bills on consumers for international calls, according to documents obtained by The Times.  —  Frank messages involving civil servants and a minister detail …
Discussion: The Register
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 and Digg
RELATED:
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.
Discussion: Wonderland
 
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 More Items: 
Bill Ray / The Register:
How many $$$s does Apple make from an iPhone?
Andy Beal / Andy Beal's Marketing Pilgrim:
Why Microsoft Needed Facebook & Google Didn't
Discussion: Mashable!
Thomas Ricker / Engadget:
Wal-Mart now selling Toshiba's A2 HD DVD player for $198?
Discussion: CrunchGear
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
Opera:
Opera Link: your stuff everywhere
 Earlier Items: 
Wagner James Au / GigaOM:
Lord Of The Rings Online: MMORPG Meets Web 2.0
Discussion: Xconomy and Wonderland
Paul Stokes / Telegraph:
Oink founder: We're just like Google
Discussion: TorrentFreak and p2pnet
Jibi / The Boy Genius Report:
RIM updates Yahoo and Google Talk IM clients
Securitydude / Network Observations:
Outrage: An Open Letter to the FCC
Mike Masnick / Techdirt:
UK Considers Forcing ISPs To Block File Sharing
Mark Hendrickson / TechCrunch:
Friendster Announces Developer Platform; Can You Say "Commodity"?
Nick / Rough Type:
The science of blog reading
Discussion: Tech IT Easy and broadstuff