Techmeme
May 21, 2012, 4:25 AM

Top News

Kara Swisher / AllThingsD:
Fat Lady Finally Sings: Yahoo and Alibaba Officially Shake on $7 Billion Stock Sale Deal [UPDATED]  —  As AllThingsD.com reported several days ago they would, Yahoo and Alibaba Group have finally reached an agreement for the Silicon Valley Internet giant to sell back half its stake in the Chinese Web company in a $7 billion deal.
Wall Street Journal:
Nasdaq Acknowledges Troubles With Facebook Deal  —  Robert Greifeld, chief executive of Nasdaq OMX Group Inc., on Sunday acknowledged design problems with Nasdaq's technology after the exchange operator was widely seen as bungling the landmark listing of shares of Facebook Inc. on Friday.
Nina Mehta / Bloomberg:
Nasdaq CEO Blames Software Design For Delayed Facebook Trading  —  Nasdaq OMX Group Inc. (NDAQ), under scrutiny after shares of Facebook Inc. were plagued by delays and mishandled orders on its first day of trading, blamed “poor design” in the software it uses for driving auctions in initial public offerings.
Steven Musil / CNET:
Microsoft quietly launches So.cl social network  —  In the wake of social-networking giant Facebook's IPO, Microsoft has quietly launched So.cl, its own social networking foray.  However, So.cl isn't a designed to be a Facebook challenger.  The project, the details of which leaked out last year …
Danny Sullivan / Marketing Land:
Microsoft Launches Socl Social Network: A Look Inside  —  Congrats, Mark Zuckerberg.  You went public on Friday, got married on Saturday, and as a special present from part-owner and best partner Microsoft, now have a new social network to content with: Microsoft's So.cl.  But don't worry too much.
More: PC World, The Next Web and WinBetaTweets: @tmekjian
Matthew Panzarino / The Next Web:
How Pixar's Toy Story 2 was deleted twice, once by technology and again for its own good  —  “That's when we first noticed it, with Woody.”  —  “[Larry Cutler] was in that directory and happened to be talking about installing a fix to Woody or Woody's hat.
Dan Levine / Reuters:
Apple, Samsung CEOs set for U.S. court talks  —  (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday.
Archibald Preuschat / Wall Street Journal:
TomTom Seeks New Direction  —  Navigation-Tool Maker is Trying to Reposition Itself as a Mapping-Software and Services Provider  —  Many drivers have used satellite-navigation devices from Dutch navigation-system maker TomTom NV to get where they're going with the minimum of fuss.
Tweets: @davezatz
James B. Stewart / New York Times:
The Undoing of Scott Thompson at Yahoo  —  When the activist shareholder Daniel Loeb confronted Yahoo's directors on May 3 with the possibility that Yahoo's recently hired chief executive, Scott Thompson, might have falsified his résumé by claiming to have a computer science degree, their initial reaction was disbelief.
More: Business InsiderTweets: @brocromanek
Cyrus Farivar / Ars Technica:
Facial detection startup changes privacy policy after Friday launch  —  SceneTap's policy now states it will not store “facial mapping metrics.”  SAN FRANCISCO—As the Oakland A's were set to take on the Giants in the adjacent baseball stadium, few in the Polo Grounds bar seemed aware …
Daniel Terdiman / CNET:
Leap Motion: 3D hands-free motion control, unbound  —  The startup's technology puts sub-millimeter accuracy at user fingertips, offers control gestures like pinch-to-zoom, and promises new applications that make the Kinect and its kin look like yesterday's news.
Ina Fried / AllThingsD:
Voyager Mobile, a 22-Year-Old's Cellphone Start-Up, Launches After Delay  —  An attack on his Web site pushed things out a few days, but John Mardini says Voyager Mobile is now ready to take orders for cut-rate cellphone service.  —  Mardini, a 22-year-old entrepreneur and New York University student …

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