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May 21, 2012, 1:40 PM
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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.
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 and CNET
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: Inquirer and The Register.  Tweets: @om
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.
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 …
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 …
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.
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 …
John Paczkowski / AllThingsD:
Carriers Willing to Live With High iPhone Subsidies for Now  —  Much as U.S. wireless carriers would like to reduce the high subsidies they pay on Apple's iPhone, there's little chance that they'll do so anytime soon.  —  Why?  —  They're far too worried about what would happen to their customer-retention rates if they did so.
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.
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.
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.

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From Mediagazer

Devlin Barrett / New York Times:
Sources: the DOJ issued a subpoena to NYT freelancer Matthew Cole, seeking to force him to reveal his sources about a failed top secret mission in North Korea

Ronald Mizen / Australian Financial Review:
Australia finalizes the News Bargaining Incentive, upping the rate from 2.25% to 2.5%, narrowing the charges to digital ad revenue attributable to Australia

Matt Craig / Forbes:
The top-paid podcasters of 2026: Joe Rogan earned $82M, TBPN's John Coogan and Jordi Hays $70M, Steven Bartlett $45M, Ashley Flowers $42M, SmartLess' hosts $37M

More News

Earlier Picks

Sean Buckley / Engadget:
Customs slowly letting HTC handsets into the US, can't say which ones
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