Techmeme
May 23, 2012, 11:30 AM

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.
Andrew Longstreth / Reuters:
Analysis: Did banks cross the line in Facebook research calls?  —  (Reuters) - As regulators scrutinize Facebook's problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed to tell clients about companies on the verge of going public.
Reuters:
The numbers on the Facebook earnings revisions  —  Four of Facebook's major underwriters — Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America — reduced their financial estimates for the soon-to-be-public company following the release of a revised prospectus on May 9 that noted …
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.
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.
Vlad Savov / The Verge:
Windows 8 boots ‘too quickly’ to be interrupted, Microsoft adding a new ‘boot options’ menu  —  Did you know that an SSD-equipped Windows 8 PC can boot up in under seven seconds?  Watch the video below if you don't believe it, Microsoft has really optimized the hell out of the startup operations …
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.
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 …
More: CNET
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 …
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.
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.
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.
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 …
Tony Romm / Politico:
Google strikes back at rules, antitrust, critics  —  Google has spent the past year trying to dodge trustbusters who snared its archrival Microsoft.  —  The company has built an army of 22 lobbying firms, donated to political campaigns, hired a former GOP congresswoman, and brought in academics …

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