Techmeme
May 23, 2012, 1:20 PM

Top News

Reuters:
Facebook, Zuckerberg, banks sued over IPO  —  (Reuters) - Facebook Inc, Chief Executive Mark Zuckerberg, and several banks led by Morgan Stanley were sued by shareholders, who claimed the defendants hid the social networking leader's weakened growth forecasts ahead of its $16 billion initial public offering.
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.
Salvador Rodriguez / Los Angeles Times:
Mark Zuckerberg earns $1.1 billion from selling Facebook shares  —  Mark Zuckerberg on Tuesday completed the transaction of the 30.2 million shares he sold in Facebook's IPO Friday.  —  The shares he disposed of sold for $37.58 a piece, bringing him a cool $1.1 billion.
Tweets: @shortformblog
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.
Robert McMillan / Wired:
IBM Outlaws Siri, Worried She Has Loose Lips  —  Siri doesn't work on IBM's internal networks.  (Image: Flickr/Photo Giddy)  —  If you work for IBM, you can bring your iPhone to work, but forget about using the phone's voice-activated digital assistant.  Siri isn't welcome on Big Blue's networks.
Ingrid Lunden / TechCrunch:
Social Media Marketer Vitrue Has Been Bought By Oracle For $300 Million  —  Breaking news: TechCrunch has discovered that software giant Oracle has made a big investment in social media today.  The company has bought Vitrue, the social media marketing company that is a close partner to Facebook.
Jonathan S. Geller / BGR:
Microsoft set to release Office for iOS and Android tablets in November  —  BGR has learned from a reliable source that Microsoft is currently planning to release the company's full Office suite for not only Apple's iPad, but for Android tablets as well.  The company is targeting November of this year for both launches.
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.
New York Times:
F.C.C. Weighs Treating Video Sites Like Cable Companies  —  BOSTON — Most consumers have no idea what an M.V.P.D. is, but they mail a check to one every month.  What they call Comcast or Time Warner Cable or DirecTV, the government calls a “multichannel video programming distributor,” or M.V.P.D. for short.
Sarah Perez / TechCrunch:
Amazon Partners With Paramount, Brings Hundreds More Movies To Prime Instant Video Service  —  Amazon is continuing to grow its collection of streaming video titles at Amazon Prime Instant Video, and is today announcing another new agreement with Paramount Pictures bringing “hundreds” of new movies to the service.
Declan McCullagh / CNET:
FBI quietly forms secretive Net-surveillance unit  —  The FBI has recently formed a secretive surveillance unit with an ambitious goal: to invent technology that will let police more readily eavesdrop on Internet and wireless communications.  —  The establishment of the Quantico, Va.-based unit …
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.
Ernesto / TorrentFreak:
Pirate Bay Simplifies Circumvention of ISP Blockades  —  Within a few days, five of the largest UK Internet providers will all have to censor The Pirate Bay.  Virgin and Orange have already implemented the block and the rest must follow before the end of May.
Eric Savitz / The Tech Trade:
Seagate To Buy Storage Products Maker LaCie For At Least $186M  —  Seagate this morning announced plans to acquire LaCie, a Paris-based producer of consumer data storage devices, for at least $186 million.  —  Seagate said it has agreed to buy a 64.5% stake in LaCie held by Philippe Spruch, the company's chairman and CEO.
Josh Ong / AppleInsider:
Apple expected to spend $27 billion on semiconductors in 2012  —  A new analysis expects Apple to remain the the world's biggest chip buyer this year, projecting $27 billion worth of semiconductor purchases from the company in 2012.  —  Dale Ford, IHS iSuppli's head of electronics …
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.
Matt McGee / Search Engine Land:
Bing's Visual Search Is Gone (Has Been For A While, Actually)  —  The fact that almost no one noticed might be one reason why Bing has dropped its Visual Search feature ... something that apparently happened months ago.  —  To be clear, this isn't traditional image search that we're talking about …

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