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12:15 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 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.
Discussion: TechFold
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:
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 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.
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
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 …
Discussion: Tech Trader Daily
RELATED:
Larry Dignan / Between the Lines:
BEA: We're worth $21 a share
Discussion: eWEEK.com
Sue Polinsky / Download Squad:
At the Top of Google  —  I haven't met two small business owners in a meeting where one doesn't ask how to get his or her site to the top of the Google search results list.  There are transparent reasons for wanting to be first: you get more clicks, your business seems important …
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: 
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
Wagner James Au / GigaOM:
Lord Of The Rings Online: MMORPG Meets Web 2.0
Discussion: Xconomy and Wonderland
 Earlier Items: 
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"?
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
 

 
From Mediagazer:

Corbin Bolies / The Daily Beast:
Newsmax joins the New York Post's editorial board and other right-leaning outlets criticizing a pair of Florida bills making it easier to sue for defamation

Amelia Pollard / Bloomberg:
Filing: a US court gives Audacy, the second-largest radio broadcaster in the US, approval to exit bankruptcy, slashing ~$1.7B of its debt in a restructuring

Mark Stenberg / Adweek:
Sources: Amazon plans to shut its FAST service Freevee in the coming weeks, as part of a broader effort to focus its ad and product efforts on Prime Video

 
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