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May 23, 2012, 7:35 AM
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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.
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.
Wall Street Journal:
Inside Fumbled Facebook Offering  —  Less than three days before Facebook Inc.'s initial public offering, Chief Financial Officer David Ebersman decided to boost the number of shares the company would offer investors by 25%, said people familiar with the planning.
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.
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: Mashable! and GigaOM
Colleen Taylor / TechCrunch:
Airtime Acquires Former Hulu CTO's Startup Erly, Raises $25M Series B Funding  —  We've learned 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?
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: IntoMobile, CNET and The Verge.  Thanks:@malliegator
Jerry Hirsch / Los Angeles Times:
Plan for self-driving cars passes California Senate hurdle  —  Legislation allowing for the use of self-driving cars such as this Toyota Prius modified by Google passed the California State Senate (Getty Images / May 21, 2012)  —  A bill that allows for the use of self-driving cars …
Om Malik / GigaOM:
Kickstarted: my conversation with Kickstarter founder Perry Chen  —  We are on the cusp of a big economic shift.  I believe that the industrial era is coming to an end and Kickstarter just might be the most visible representation of that.  When I look at Kickstarter, I see small businesses that have been funded by their customers.
More: Mashable!
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.
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.
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.
Ina Fried / AllThingsD:
Several Other Motorola Executives Join Sanjay Jha in Heading For the Exits  —  The first day as part of Google was greeted largely with a sigh of relief by Motorola Mobility employees, who have been waiting in limbo for months as the deal made its way through regulatory processes throughout the globe.
More: IntoMobile
New York Times:
Google Privacy Inquiries Get Little Cooperation  —  Secrets spilled across the computer screen.  —  After months of negotiation, Johannes Caspar, a German data protection official, forced Google to show him exactly what its Street View cars had been collecting from potentially millions of his fellow citizens.

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From Mediagazer

Raquel Coronell Uribe / NBC News:
The White House once again removes CNN from the press pool traveling with Trump; the judge's order only addressed access to White House grounds

Joe Flint / Wall Street Journal:
Sources: David Ellison has asked CNN CEO Mark Thompson to stay on after the WBD acquisition closes; Thompson's current deal extends into 2027

Charlotte Tobitt / Press Gazette:
A US judge dismisses Penske Media's lawsuit against Google over traffic and revenue loss due to AI Overviews since Google never promised any traffic to Penske

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