Techmeme: Nasdaq: Hindsight Says to Delay IPO (Wall Street Journal)

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May 22, 2012, 10:15 PM

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Henry Blodget / Business Insider:

EXCLUSIVE: Here's The Inside Story Of What Happened On The Facebook IPO — And now for some more bombshell news about the Facebook IPO... Earlier, we reported that the analysts at Facebook's IPO underwriters had cut their estimates for the company in the middle of the IPO roadshow, a highly unusual and negative event.

More: CNET, Digits, Reuters, BostInno, Reuters, Inside Facebook, Forbes, Yahoo! Finance, Felix Salmon, Gawker, BetaNews, WebProNews and The Reformed Broker

Tweets: @mathewi, @dmac1 and @pkafka

Reuters:

SEC, FINRA to review Facebook issues, Nasdaq sued — Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. After Friday's nearly flat close …

More: Wall Street Journal, CNET, Washington Post, Firstpost, The Reformed Broker, Dealbreaker, Business Insider and Tech Trader Daily

Michael Wolff / Technology Review:

The Facebook Fallacy — Facebook is not only on course to go bust, but will take the rest of the ad-supported Web with it. Given its vast cash reserves and the glacial pace of business reckonings, that will sound hyperbolic. But that doesn't mean it isn't true.

More: Firstpost. Tweets: @dhh and @carnage4life

Wall Street Journal:

Nasdaq: Hindsight Says to Delay IPO — A senior Nasdaq Stock Market executive told customers that the exchange would have put the brakes on Facebook Inc.'s initial public offering had it known the extent of the technical problems that would plague its systems and disrupt the eagerly anticipated listing.

More: CNET, AllThingsD, TechFlash and Deal Journal

Bob Van Voris / Bloomberg:

Facebook Investor Sues Nasdaq Over Delays In Offering

More: CNET and Reuters

Jessica Toonkel / Reuters:

Massachusetts subpoenas Morgan Stanley for Facebook

More: PC Magazine, VentureBeat, Business Insider, CNET, Firstpost and Boston Herald

Larry Page / The Official Google Blog:

We've acquired Motorola Mobility — The phones in our pockets have become supercomputers that are changing the way we live. It's now possible to do things we used to think were magic, or only possible on Star Trek—like get directions right from where we are standing; watch a video on YouTube …

Business Week:

It's Official: Google Is Now a Hardware Company — Last August, Google (GOOG) Chief Executive Officer Larry Page fulfilled a pledge made to one of his senior executives, a square-jawed former attorney named Dennis Woodside. Apple (AAPL) CEO Tim Cook had been trying to poach Woodside …

More: The Next Web, Techland, Guardian, Business Insider, Techie Buzz and Business Insider

Ina Fried / AllThingsD:

Several Other Motorola Executives Join Sanjay Jha in Heading For the Exits

9to5Mac:

Likely next-generation iPhone with 3.999-inch display, 1136 x 640 resolution in testing (updated: more decimals) — Apple is testing multiple next-generation iPhones, and we have independently heard that at least one of these devices sports a brand new display.

John Gruber / Daring Fireball:

THX1136 — Big scoop by 9to5 Mac: … What I've heard from a couple of little birdies is only that Apple has been noodling with increasing the height of the display, keeping the width and pixel density exactly the same as on the iPhone 4 and 4S. I had not heard an exact pixel number for the new height.

More: 9to5Mac, Gizmodo, Marco.org and Gotta Be Mobile

Colleen Taylor / TechCrunch:

Kleiner Perkins Sued By Partner Ellen Pao For Alleged Sexual Harassment, Gender Discrimination — Kleiner Perkins Caulfield and Byers, one of the most storied and well-respected venture capital firms in Silicon Valley, has been sued by Ellen Pao, an investment partner with the firm.

More: VentureBeat, Fortune, AllThingsD, Social Markets, Business Insider, CNET, Venture Capital Dispatch, PE Hub Blog, The Technology Chronicles, Betabeat, Bits and Pulse2 Technology …

Tweets: @poornimagupta and @danprimack

Dan Primack / Fortune:

Kleiner investors blindsided by discrimination suit

More: PE Hub Blog

Dan Levine / Reuters:

Facebook settles lawsuit over “Sponsored Stories” — (Reuters) - Facebook Inc. has agreed to settle a proposed class action lawsuit that alleged the site's “Sponsored Stories” feature publicized users' “likes” without compensation or the ability to opt out, according to a court document filed on Tuesday.

More: Computerworld, CNET, Digits, The Next Web, Marketing Land, VentureBeat, Inside Facebook, Los Angeles Times and WebProNews

Carl Franzen / Livewire:

Facebook Begins Testing Redesigned “Timeline” View — Days after it first began offering stock in a rocky initial public offering, Facebook has quietly begun testing a new look for user profiles, or “Timelines,” the company confirmed to TPM. — Here is a view of the new Timeline view Facebook …

More: CNET, Computerworld, Pulse2 Technology …, Mashable!, The Verge, CNN, Gizmodo UK, Gizmodo, The Blog Herald, VentureBeat and Neowin

Matthew Humphries / Geek.com:

VIA launches $49 Android PC — The Raspberry Pi has set the price bar very low for a fully functional PC, and no one has managed to get anywhere near it yet. VIA is within spitting distance though, with the announcement today of a $49 Android PC (APC) system.

More: PC Magazine, Ars Technica and Ubergizmo. Tweets: @davezatz

Matt Thompson / The Mozilla Blog:

Introducing “Mozilla Webmaker:” helping the world make the web — Today, we're proud to launch “Mozilla Webmaker,” a new program to help people everywhere make, learn and play using the open building blocks of the web. — The goal: help millions of people move from using the web to making the web.

More: eWeek and WebProNews

Heather Kelly / VentureBeat:

Google+ wants to be your new Flickr — Google+ is succeeding in small bursts, feature by feature. As a social network competing with Facebook it's a flop, but its video-chat tool Hangouts is a winner. Now photo sharing is poised to be the service's next breakout hit …

More: GigaOM and Mashable!

NBC Bay Area:

VP of Palo Alto's SAP Arrested in LEGO Bar Code Scam — An executive at a Palo Alto software giant was charged Monday with four felony counts of burglary, after authorities said he allegedly made his own bar code stickers, switched the tags, and then bought boxes of LEGOs at Target stores for huge discounts.

More: Los Angeles Times, Mercury News, Associated Press and The Huffington Post

Brent Goldman / Facebook Developer Blog:

Driving mobile app installs with the App Center — We're excited that developers are beginning to realize the power of integrating Facebook into their mobile apps. As of today, seven of the top 10 grossing iOS apps and five of the top 10 Android apps have integrated with Facebook.

More: CNET and The Verge. Thanks:@malliegator

Colleen Taylor / TechCrunch:

Airtime Acquires Former Hulu CTO's Startup Erly, Raises $25M Series B Funding — We've discovered that Airtime, the video startup founded by famed Napster alums Shawn Fanning and Sean Parker, has allegedly made its first acquisition — before truly exiting stealth mode. The target?

More: The Next Web and Airtime

Jeff John Roberts / paidContent:

Facebook loses trademark fight against adult social network — A federal judge has refused to order a Norwegian website that describes itself as “the number one socializing porn and sex network” to turn over its name to Facebook. — U.S. District Judge Jeffrey White last week ruled …

More: VentureBeat, XBIZ Newswire, CNET, The Domains and WebProNews

Mazhar Mohammed / The Windows Blog:

Starting today you need Windows Phone 7.5 to use Marketplace — Today's the day. This afternoon we started requiring Windows Phone 7.5 on phones to download, buy, update, or review apps in Marketplace. As I've written previously, this change applies to both the phone and web Marketplace storefronts.

More: The Verge, Engadget and FierceMobileIT. Tweets: @theromit

John Paczkowski / AllThingsD:

100 Most Valuable Brands: Apple Tops Again; Nokia Disappears — WPP's Millward Brown published its annual BrandZ study, ranking the world's leading brands, which are increasingly technology companies. According to the research house, four of the top five global brands and seven of the Top 10 are tech firms.

More: MacNN, ClickZ and The Tech Trade

John Callaham / Neowin:

Up to 500 million Windows 8 users by end of 2013, says Ballmer — Earlier today, we reported that Microsoft CEO Steve Ballmer said that 350 million devices with Windows 7 would be sold in 2012. Now a new report from AFP claims that Ballmer has made yet another prediction, this time on the sales of Windows 8.

More: The Verge, Computerworld, Agence France Presse, Bloomberg, ZDNet and TechFlash

Dylan Tweney / VentureBeat:

Larry Page on Charlie Rose: “We're still waiting” for Facebook to unlock user data — Google chief executive Larry Page appears on PBS show “Charlie Rose” this evening at 11 p.m. local time. — In the show, Page addresses a wide range of topics, starting with today's surprising news …

More: Marketing Land, Business Insider, TechCrunch, Geek.com, 9to5Google, Android Community, Pocket-lint, ReadWriteWeb, CBS News, Gizmodo UK and WebProNews

Ryan Lawler / TechCrunch:

To Capture New Users, Socialcam Redesigns Its Website And Introduces A Leaderboard — Social mobile video startup Socialcam is rolling out a new website today, which is designed to create more engagement for users that might not have the mobile app installed.

More: AllThingsD and BetaKit

Joanna Stern / ABC News:

ooVoo: 12-Way Video Calling Comes to Facebook and the iPad — Skype and FaceTime might be the household names when it comes to video calling these days, but ooVoo doesn't want that to be the case for much longer. — The video chat service announced today that it's bringing its 12 …

More: LAPTOP Magazine, Gizmodo, Business Insider, GigaOM, TechCrunch, WebProNews, Mashable!, Appolicious Advisor and Engadget

Jon Fingas / Engadget:

Samsung Chromebox gets a premature outing, $330 price tag (video) — Samsung has been almost completely silent regarding its Chromebox since its CES outing, so we were taken aback when we were tipped off that it was hiding in plain sight on TigerDirect's web store.

More: 9to5Google, VR-Zone, Liliputing and SlashGear

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