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4:10 PM ET, October 25, 2007

Techmeme

 Top Items: 
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.
RELATED:
Matt Asay / The Open Road:
Microsoft on Facebook: The internal memo from Kevin Johnson  —  Microsoft just bought a small stake in Facebook for $240 million (more than Facebook's 2006 revenues, which is interesting) on a $15 billion valuation.  Kevin Johnson, president of Microsoft's Platform and Services Division …
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.
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 …
Erick Schonfeld / TechCrunch:
Facebook Taps Into Hedge Funds For $500 Million More?  —  Consider this a rumor at this point.  Forbes' Elizabeth Corcoran is reporting that two NYC hedge funds have each matched Microsoft's investment in Facebook for about $250 million each, at the same $15 billion valuation.
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.
Nick / Rough Type:
The "$15 billion" nonsense  —  So Microsoft, under fierce pressure …
Discussion: Profy.Com and CNNMoney.com
Owen Thomas / Valleywag:
Stats: Facebook slashes its growth rate
Megan McCarthy / Valleywag:
Jackpot: Mark Zuckerberg, the $5 billion man
Discussion: Mark Evans and Digg
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:
Stuart Elliott / New York Times:
Yahoo Executive Joins Nintendo  —  Nintendo of America is underlining its commitment to trying to broaden the market for video games beyond the traditional younger, male player by hiring a sales and marketing chief with extensive experience with mainstream brands.
Paul Stokes / Telegraph:
Oink founder: We're just like Google  —  An IT consultant suspected of operating one of the world's biggest pirate music websites from a Middlesbrough bedsit said he had done nothing wrong.  —  Alan Ellis, 24, was arrested on Tuesday as part of an Interpol-led operation to shut …
Bill Ray / The Register:
How many $$$s does Apple make from an iPhone?  —  Apple's figures came out on Tuesday, revealing that all is going well in Cupertino, but analysts crawling over the details are trying to work out if they reveal anything else besides - such as the revenue cut Apple is getting from every iPhone in use.
Discussion: Bits
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.
RELATED:
Business Wire:
BEA Board Sets $21.00 Per Share Value Position
Discussion: Tech Trader Daily
Andy Beal / Andy Beal's Marketing Pilgrim:
Why Microsoft Needed Facebook & Google Didn't  —  So, after weeks of speculation, Microsoft won the battle over Facebook, with Google second, and Yahoo embarrassingly nowhere to be seen.  While it may seem that Google's lost momentum-by not partnering with Facebook-I see it more as a sign that Microsoft knew Facebook was its only hope.
Discussion: InsideMicrosoft
Mike Masnick / Techdirt:
An Open Letter To Jeff Bezos: Please Stop Pissing Off People Over Amazon Prime  —  from the pretty-pretty-pretty-please dept  —  Back in May, we tried to alert you to a serious customer service problem that your company is facing concerning the way you are marketing Amazon Prime.
Guardian:
Google Earth used to target Israel  —  Palestinian militants are using Google Earth to help plan their attacks on the Israeli military and other targets, the Guardian has learned  —  Palestinian militants are using Google Earth to help plan their attacks on the Israeli military and other targets, the Guardian has learned.
 
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 More Items: 
Ben Worthen / WSJ.com:
Is Google Causing Microsoft to Drop its Prices?
Stefanie Olsen / CNET News.com:
Google's Cerf: Deep space Web decades out
Discussion: Valleywag and Mashable!
Frank Ahrens / Washington Post:
Apple in a Fight for Rights to TV Shows
Discussion: iLounge
Darren Murph / Engadget:
Psion Teklogix launches rugged iKon PDA phone
Martin LaMonica / CNET News.com:
Adobe Creative Suite 3 sales 'on fire'
Discussion: Macsimum News
Lawrence G. Roberts / Internet Evolution:
Routing Economics Threaten the Internet
Discussion: DSLreports, WinBeta and FierceVoIP
Staska / Unwired View:
APPLE'S TOUCH SURFACE KEYBOARD WITH TACTILE FEEDBACK
Thomas Ricker / Engadget:
Wal-Mart now selling Toshiba's A2 HD DVD player for $198?
Discussion: CyberNet, CrunchGear and BetaNews
 Earlier Items: 
Comcast:
Comcast Reports Third Quarter 2007 Results
Chris Soghoian / CNET News.com:
Congressman to Comcast: Stop interfering with BitTorrent
Richard Waters / MSNBC:
Google bullish on advertising system
Opera:
Opera Link: your stuff everywhere
BBC:
Virtual worlds threaten 'values'
Discussion: Wonderland
Robert Scoble / Scobleizer:
Reports of PodTech's demise are bull####
Mark Hendrickson / TechCrunch:
Friendster Announces Developer Platform; Can You Say "Commodity"?
 

 
From Mediagazer:

BBC:
A Russian court convicts Evan Gershkovich of espionage and sentences him to 16 years in prison; Wall Street Journal calls the trial a “sham”

Rick Porter / The Hollywood Reporter:
Nielsen: the Republican National Convention's final night averaged 25.38M US viewers over 14 outlets, up 7% from 2020; people 55+ were about 72% of the audience

Connor Mycroft / South China Morning Post:
Media orgs, WSJ union, and a congressional panel express support for Selina Cheng, who says WSJ fired her for assuming Hong Kong Journalists Association's chair

 
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