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3:20 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:
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.
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 …
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, cuts a complicated deal with Facebook that, among other things, grants the software giant expanded rights to serve ads on the fast-growing social network and requires it to inject $240 million into Facebook's cash-strapped coffers …
Discussion: Profy.Com and CNNMoney.com
Erick Schonfeld / TechCrunch:
Facebook Taps Into Hedge Funds For $500 Million More?
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 …
RELATED:
Owen Thomas / Valleywag:
Stats: Facebook slashes its growth rate
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:
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.
RELATED:
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 …
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:
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 …
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.
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:
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
Martin LaMonica / CNET News.com:
Adobe Creative Suite 3 sales 'on fire'  —  People are taking a serious shine to Adobe Systems' Creative Suite 3.  —  Creative professionals are buying the most recent version of Adobe's flagship product, released in April, much faster than the previous suite, according to retail data compiled by NPD Group.
Discussion: Macsimum News
 
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 More Items: 
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
InfoWorld:
NEC launches fastest vector supercomputer
Discussion: Engadget
Reuters:
REFILE-SanDisk sues 25 companies to enforce patents
Lawrence G. Roberts / Internet Evolution:
Routing Economics Threaten the Internet
Discussion: DSLreports, FierceVoIP and Slashdot
Staska / Unwired View:
APPLE'S TOUCH SURFACE KEYBOARD WITH TACTILE FEEDBACK
Discussion: Engadget and Gizmodo
Guardian:
Google Earth used to target Israel
Andy Beal / Andy Beal's Marketing Pilgrim:
Why Microsoft Needed Facebook & Google Didn't
 Earlier Items: 
Thomas Ricker / Engadget:
Wal-Mart now selling Toshiba's A2 HD DVD player for $198?
Discussion: CrunchGear
Comcast:
Comcast Reports Third Quarter 2007 Results
Chris Soghoian / CNET News.com:
Congressman to Comcast: Stop interfering with BitTorrent
Associated Press:
Yahoo Chairman Semel exercises options
Richard Waters / MSNBC:
Google bullish on advertising system
Opera:
Opera Link: your stuff everywhere
BBC:
Virtual worlds threaten 'values'
Discussion: Wonderland
Wagner James Au / GigaOM:
Lord Of The Rings Online: MMORPG Meets Web 2.0
Discussion: Xconomy and Wonderland