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4:30 PM ET, May 19, 2011

Techmeme

 Top Items: 
Sam Gustin / Epicenter:
LinkedIn IPO Pops Over 100 Percent  —  LinkedIn, the social network for professionals, went public Thursday and, as expected, soared in its debut.  In midday trading, LinkedIn shares [LNKD] had soared over 100 percent, providing a windfall for the Wall Street insiders who participated in the offering.
RELATED:
Ari Levy / Bloomberg:
LinkedIn's Founder, Biggest Backers Will Own $2.5 Billion Stake After IPO  —  LinkedIn Corp.'s founder Reid Hoffman and its three top venture backers will own a combined stake of about $2.5 billion after an eight-year wait for the first initial public offering by a major U.S. social-media site.
Henry Blodget / SAI:
CONGRATULATIONS, LINKEDIN!  You Just Got Screwed Out Of $130 Million  —  The stock of social-network LinkedIn has had a heck of an IPO debut this morning, popping 90%+ above the IPO price.  —  That means folks like us get to write breathless stories about how much money investors are making and how everyone's partying like it's 1999.
Leena Rao / TechCrunch:
LinkedIn Closes At $94 Per Share, With $8.9 Billion Market Cap  —  After opening to $83 per share and a market cap of $7.8 million, LinkedIn closed at $93.86 per share, giving the company a valuation of $8.9 billion.  Although the professional social network priced at $45 per share …
Discussion: Fortune and Marketing Pilgrim
Sinead Carew / Reuters:
Verizon to offer family data plans  —  (Reuters) - Verizon Wireless will offer family plans for data services supporting multiple devices including smartphones and tablet computers, according to a top executive of parent company Verizon Communications.  —  Verizon Wireless plans …
RELATED:
Electronista:
Verizon reiterates iPhone 5 is dual-mode, due alongside AT&T  —  Verizon CFO slips more iPhone 5 details  —  Verizon CFO Fran Shammo spilled more details of the next iPhone in comments at the most recent leg of Reuters' technology summits.  The executive reiterated earlier claims …
Discussion: MacStories, IntoMobile and TiPb
Jack Purcher / Patently Apple:
Whoa!  Apple Patent Confirms iTunes Cloud Media Services  —  In January we pointed to a possible HP music cloud service that could debut with their future TouchPad tablet due to their 3par acquisition.  Such a service had the potential of upsetting Apple's iTunes kingdom.
RELATED:
Neil Hughes / AppleInsider:
Apple's cloud streaming could rely on small, locally stored song segments
Gartner:
Gartner Says 428 Million Mobile Communication Devices Sold Worldwide in First Quarter 2011, a 19 Percent Increase Year-on-Year  —  Apple, Samsung and HTC Reported Strongest Results in an Increasingly Smartphone-Dominated Market  —  Worldwide mobile communication device sales …
RELATED:
Amazon.com:
Amazon.com Now Selling More Kindle Books Than Print Books  —  Kindle with Special Offers for only $114 is already the bestselling member of the Kindle family  —  (NASDAQ:AMZN)—Amazon began selling hardcover and paperback books in July 1995.  Twelve years later in November 2007 …
Riva Richmond / Gadgetwise:
Facebook's New Way to Combat Child Pornography  —  As online photo sharing has exploded so has, tragically, the distribution of child pornography.  But while the rise of the Internet and digital cameras have revived a scourge that had nearly been eliminated in the late 1980s, new technology may also help to beat it back again.
RELATED:
Ed Bott / Ed Bott's Microsoft Report Blog:
Apple to support reps: “Do not attempt to remove malware”  —  Apple is actively conducting an internal investigation into the Mac Defender malware attack I wrote about yesterday (here and here).  An internal document with a Last Modified date of Monday, May 16, 2011 notes that this is an “Issue/Investigation In Progress.”
RELATED:
Amir Efrati / Wall Street Journal:
‘Like’ Button Follows Web Users  —  Internet users tap Facebook Inc.'s “Like” and Twitter Inc.'s “Tweet” buttons to share content with friends.  But these tools also let their makers collect data about the websites people are visiting.  —  These so-called social widgets …
Trevor Mogg / Digital Trends:
Apple causes ‘religious’ reaction in brains of fans, say neuroscientists  —  In a recently screened BBC documentary, UK neuroscientists suggested that the brains of Apple devotees are stimulated by Apple imagery in the same way that the brains of religious people are stimulated by religious imagery.
Ina Fried / Mobilized:
Qualcomm Bringing Augmented Reality Software Kit to the iPhone  —  Although its chips don't power the iPhone, Qualcomm has decided to bring its augmented reality software kit to Apple's phones in an effort to make it more attractive to developers.  —  Qualcomm released free software tools …
Discussion: 9 to 5 Mac
John Paczkowski / Digital Daily:
China Mobile's Four Million iPhone Users Still Waiting for Official Apple Deal  —  Five years after beginning talks with Apple, China Mobile, China's largest wireless phone operator, is still negotiating to add the iPhone to its smartphone lineup.  It's been slow going, to be sure, but some progress has been made.
Discussion: Tech Trader Daily and Electronista
RELATED:
Matt Warman / Telegraph:
Google warns against facial recognition database  —  Google's Executive Chairman Eric Schmidt has warned Governments against ‘foolish’ legislation - and said facial recognition is too creepy even for Google  —  Eric Schmidt: 'I am incredibly optimistic about what is going to be possible in the next decade …
Christian Zibreg / 9 to 5 Mac:
Yahoo! Messenger brings cross-platform video calling to iPad 2  —  Fans of the Yahoo! Messenger messaging platform can now enjoy video calling on iPad 2.  The version 2.1 update, now available free from the App Store, is a universal binary that supports both the iPhone's smaller screen and iPad's larger canvas.
Andrew Munchbach / BGR:
Android grabs 53% of global smartphone market share; iOS 50% of application revenues  —  A new report published by Millennial Media paints a picture of the global smartphone landscape in April of 2011.  The company found that Android continued its domination in pure market share, holding a 53% of impressions on the company's network.
Robin Wauters / TechCrunch:
Khosla Ventures Is Raising, Like, A Billion Dollars  —  Venture capital firm Khosla Ventures is raising $1 billion for its new fund, Khosla Ventures IV, an SEC filing reveals.  From the looks of it, the new fund will be roughly the same size as the previous one (raised in September 2009).
Discussion: GMSV
Larry Dignan / Between the Lines Blog:
Apple's retail stores turn 10: Crow for sale  —  Apple's retail stores turn 10 and what looked like a boondoggle—and potentially a disaster in the making—has turned out to be one of the company's most brilliant moves.  —  On May 19, 2001 Apple opened stores in Glendale, Calif. and McLean …
Susan Decker / Bloomberg:
Google Rejects Skyhook's Allegations Over Phone-Location Service  —  Google Inc. rejected allegations that it undermined plans by Samsung Electronics Co. and the former Motorola Inc. to use a competing location-finding service on Android-based mobile phones.
Discussion: Search Engine Land, IntoMobile and BGR
Declan McCullagh / CNET News:
Senators press Apple, Google on location privacy  —  Apple and Google returned to Capitol Hill this morning to defend themselves against accusations from U.S. politicians who claim that the companies aren't doing enough to protect their customers' location privacy.
 
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Y Combinator's Michael Seibel, Ali Rowghani to reveal new YC top 100 list at Disrupt SF  —  CEO Michael Seibel will be joining us on stage at Disrupt SF this year, along with Ali Rowghani, the CEO of its Continuity growth fund …
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 More Items: 
Reuters:
European start-ups shy away from IPO frenzy
Sarah Perez / ReadWriteWeb:
63% of Younger Generation Eager for NFC & Mobile Payments
Jim Dalrymple / The Loop:
Lawsuit claims AT&T overcharges iPhone data users up to 300%
Discussion: Electronista, Techland and GottaBeMobile, Thanks:scottwickham
Robin Wauters / TechCrunch:
Paper.li Upgrades Social News Curation Platform, Adds Eric Hippeau As An Advisor
Discussion: AllTwitter and SAI
Zach Epstein / BGR:
Google to acquire Modu patents for $4.9 million
Discussion: Electronista and Globes Online
 Earlier Items: 
Mike Masnick / Techdirt:
Bezos: Attempts To Collect State Sales Tax On Amazon Sales Is Unconstitutional
Michael Arrington / TechCrunch:
Octopart, The Little Startup That Hung In There
Todd Haselton / BGR:
Samsung Galaxy Tab 10.1 pre-orders start at $499.99
Discussion: IntoMobile
Josh Constine / Inside Facebook:
1.65 Billion Likes of TV Shows Indicates Facebook's Importance to Television
Discussion: MediaPost
Omar El Akkad / Globe and Mail:
Google's big bet on Canada
Greg Sandoval / CNET News:
Apple signs EMI, cloud-music deals nearly done