Techmeme: Facebook Investor Sues Nasdaq Over Delays In Offering (Bob Van Voris/Bloomberg)

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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.

More: CNNMoney.com, Fast Company, Gawker, Reuters, CNET, CNET, Computerworld, NevilleHobson.com, Forbes, Webomatica, Mashable!, BostInno, The Register, Dealbreaker, Yahoo! Finance, The Big Picture, The Reformed Broker, Tech and China, Felix Salmon, BetaNews, Inside Facebook and WebProNews

Tweets: @mathewi, @pkafka and @dmac1

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: Guardian. Tweets: @carnage4life. See also Mediagazer

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.

More: Business Insider and Gizmodo

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: Business Insider, CNET, Washington Post, The Reformed Broker, Tech Trader Daily, Digits and VatorNews

Bob Van Voris / Bloomberg:

Facebook Investor Sues Nasdaq Over Delays In Offering

More: Business Insider, VatorNews, Reuters and CNET

Reuters:

The numbers on the Facebook earnings revisions

Wall Street Journal:

Nasdaq: Hindsight Says to Delay IPO

More: CNET, Deal Journal, TechFlash and AllThingsD

Jessica Toonkel / Reuters:

Massachusetts subpoenas Morgan Stanley for Facebook

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

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 …

More: parislemon, 9to5Mac, Marco.org, T3 News, Gotta Be Mobile and Redmond Pie

Shane Richmond / Telegraph:

Jonathan Ive interview: Apple's design genius is British to the core — Apple's design guru Jonathan Ive, who receives a knighthood today for creating products such as the iPad, tells Shane Richmond why this country's industrial heritage lies behind his success.

More: 9to5Mac, Digital Trends, The Verge, GigaOM, The Next Web, BBC, PhoneArena and I4U News. Thanks:@shanerichmond

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: Phones Review, All About Windows Phone, Pocketnow, WMPoweruser, Engadget, The Verge, PhoneArena, Neowin and FierceMobileIT. Tweets: @theromit

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: The Next Web, CNET, Computerworld, Digits, Pulse2 Technology …, VentureBeat, WebProNews, Marketing Land, Los Angeles Times and Inside Facebook

Nathan Olivarez-Giles / Wired:

ITC Judge: Xbox Should Be Banned From U.S. Over Motorola Patent Violation — An ITC judge has called for a sales and import ban on Microsoft's Xbox 360 gaming console. Photo: Chris Kohler/Wired — A judge at the U.S. International Trade Commission has ruled that Microsoft's Xbox videogame consoles …

More: Ars Technica, GamePolitics blogs, 9to5Google, Courthouse News Service, VG247 and Kotaku

Tweets: @fosspatents and @fosspatents

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?

More: Airtime, CNET, The Next Web and AllThingsD

Sarah Perez / TechCrunch:

Clueful Scans The Apps On Your iPhone, Tells You Which Ones Are Doing Naughty Things With Your Data — Remember address book-gate? Locationgate? I-don't-know-what-my-apps-are-doing- on-my-phone-gate? (Oh, that last one might not be a real thing.) Regardless, we're living in age …

More: Experts Exchange, MarketWatch, Digital Trends, Appolicious Advisor and CNET

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 …

More: Reuters, Business Week, Engadget, SlashGear and PC Magazine

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.

More: Fortune, San Francisco Chronicle, VatorNews, VentureBeat, PE Hub Blog, TechCrunch, PE Hub Blog, AllThingsD, Venture Capital Dispatch, Social Markets, Business Insider, CNET, Bits, Betabeat and Pulse2 Technology …

Tweets: @isaach, @poornimagupta and @danprimack

Dan Primack / Fortune:

Kleiner investors blindsided by discrimination suit

More: PE Hub Blog

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: The H Open Source, ITProPortal, TechWeekEurope UK, eWeek, The Verge, WebProNews and Lifehacker

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: Gizmodo, TechEye, Softpedia News, Pocket-lint, PC World, PhoneArena, Agence France Presse, WinBeta, The Verge, Bloomberg, CNET and TechFlash

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: Forbes, PC Magazine, Pulse2 Technology …, ITworld.com, Engadget, Ars Technica, Ubergizmo, VR-Zone, The Tech Report, Liliputing, BetaNews and The Verge. Tweets: @davezatz

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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