Techmeme
May 21, 2012, 12:20 PM

Top News

Mike Isaac / AllThingsD:
On Day Two, Facebook Shares Open More Than 10 Percent Off  —  After opening at a share price of $36.53, shares of Facebook stock dipped by more than 10 percent below the company's initial public offering price of $38, trading as low as $33 at one point on Monday morning.
Dan Scholnick / TechCrunch:
How The Media (Including TechCrunch) Is Wrong About Facebook's IPO  —  Judging by many of the headlines on Friday, you might think that Facebook's IPO was a miserable failure.  The Wall Street Journal declared, “Facebook's IPO Sputters,” and our very own TechCrunch declared that bankers were “struggling” to keep the share price up.
More: The RegisterTweets: @om
Henry Blodget / Business Insider:
Well, Now That Everyone Has Sobered Up, Let's Figure Out What Facebook Is Actually Worth...  Thank goodness that's over.  —  The Facebook IPO could have been a major disaster for millions of individual investors.  —  If the stock had “popped” to a truly ludicrous level on IPO day …
More: Guardian
Brad Stone / Business Week:
Michael Moritz to Step Back at Sequoia Capital  —  Michael Moritz, the prominent Silicon Valley investor who has backed companies such as Google (GOOG), LinkedIn, PayPal, and Yahoo (YHOO), is stepping back from some of his responsibilities at his firm, Sequoia Capital, and has disclosed …
Jon Russell / The Next Web:
Google Chrome overtakes Internet Explorer as the Web's most used browser  —  Google Chrome has been long expected to leapfrog Microsoft's Internet Explorer (IE) to take its position as the Web's most used browser and, according to data from Statcounter, the momentous change of leadership happened last week.
Foo Yun Chee / Reuters:
EU offers Google last chance in antitrust case  —  (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine.
Wall Street Journal:
Josh Constine / TechCrunch:
Google Missed The Boat On Buying Twitter.  “Hasn't Been Interested Since They Committed To Google+” -Fred Wilson  —  Michael Arrington says Dick Costolo gave Google the chance to buy Twitter, but the search giant passed.  Fred Wilson, Union Square Ventures founder and former Twitter board member …
Marguerite Reardon / CNET:
Cable companies expand free Wi-Fi  —  BOSTON—The nation's biggest cable operators are banding together to offer free Wi-Fi access to their broadband customers in more than 50,000 hotspots around the country.  —  On Monday, Bright House Networks, Cablevision, Comcast, Cox Communications …
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.
Jon Brodkin / Ars Technica:
WiFi's future: faster, smarter, and fewer cables  —  And you'll be buying a bunch of new devices.  —  Photo illustration by Aurich Lawson  —  WiFi has easily been one of the most useful technologies of the past decade—so many of our daily tasks and the devices we use rely on it.
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.
Matt Burns / TechCrunch:
About.me Releases Public API, SDK At Disrupt, Now Integrates With Reputation, Smarterer, Forkly, Kred And Showyou  —  About.Me is set to get a bit more social.  The AOL-owned property just released a public API and SDK into the wild in partnership with Reputation.com, Smarterer, Forkly, Kred and Showyou.

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