Facebook IPO may be delayed until June

By on April 24, 2012 at 7:45 PM.

Facebook IPO may be delayed until June

Due to a string of acquisitions and other business distractions, Facebook’s multi-billion dollar initial public offering that was rumored to be set for May 17th may be delayed until early or mid-June, according to CNBC. Facebook founder and CEO Mark Zuckerberg has not been preparing for the IPO, but instead has been more focused on running the business and making acquisitions. As a result, the social networking giant’s IPO date will reportedly be pushed back so the company has time to make the appropriate preparations. Facebook filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public in the coming months. Facebook’s IPO is expected to top Google’s $1.9 billion offering by a wide margin, making it the largest Internet IPO in history. Facebook’s shares will be listed on the NASDAQ exchange under the “FB” ticker symbol. More →

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Facebook’s record-setting IPO reportedly set for May 17th

By on April 19, 2012 at 9:05 AM.

Facebook’s record-setting IPO reportedly set for May 17th

Depending on whether the U.S. Securities and Exchange Commission approves the company’s paperwork, Facebook’s highly anticipated IPO could be coming on May 17th, TechCrunch reported on Thursday, citing multiple unnamed sources. Earlier reports have indicated that the social networking giant was aiming for a May offering and Facebook halted trading on the secondary market late last month. The company filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public, although TechCrunch’s sources believe it will be less. The largest Internet IPO to date was Google’s 2004 offering, which raised $1.9 billion. Facebook’s shares will reportedly be listed on the NASDAQ exchange under the “FB” ticker symbol. More →

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Google+ receives a major facelift [video]

By on April 11, 2012 at 12:45 PM.

Google+ receives a major facelift [video]

Google on Wednesday announced a major redesign for its Google+ social networking site that will introduce a more functional and flexible user experience. The new interface focuses on customization, Google’s Hangout video chatting service and features that will make it easier to discover new conversations and profile pages. One of the first improvements users will notice is a revamped navigation bar located on the left-hand side of the screen. The “ribbon of applications” can be dragged, dropped and placed in any order. The new interface also features a Facebook-like chat bar on the right with a “Trending” widget to help users discover popular topics on Google+, and a dedicated Hangout page will provide users with quick access to popular hangouts, tips and live broadcast. The new design is slowly rolling out and will be available over the next few days. A video highlighting the new Google+ can be found after the break. More →

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Facebook chooses NASDAQ for IPO

By on April 5, 2012 at 4:55 PM.

Facebook chooses NASDAQ for IPO

Facebook, the world’s largest social networking website, will join the likes of Apple and Google on the NASDAQ stock exchange after its initial public offering, The New York Times reported on Thursday. The publication cites unnamed sources with its report. The social network’s shares will be listed under the “FB” ticker symbol and are expected to go public some time next month. “It’s a high profile win for their listings business,” said Michael Adams, an analyst Sandler O’Neill. “In terms of earnings, the impact won’t be dramatic, but it’s something to be proud of.” The social networking giant filed with the U.S. Securities and Exchange Commission in February, and it could raise as much as $10 billion at a $100 billion valuation when it goes public. More →

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Facebook files patent countersuit against Yahoo

By on April 3, 2012 at 4:40 PM.

Facebook files patent countersuit against Yahoo

Yahoo filed a massive patent infringement lawsuit against Facebook last month, claiming that Facebook’s News Feed, advertising methods, privacy settings and more infringed on its intellectual property. Facebook on Tuesday fired back at Yahoo with a countersuit, accusing the company of infringing upon 10 of its patents. Among its claims, the social networking giant says Yahoo’s Flickr photostream and its recent activity feature infringe a Facebook patent related to generating a personalized feed of stories on a social network. “While we are asserting patent claims of our own, we do so in response to Yahoo’s short-sighted decision to attack one of its partners and prioritize litigation over innovation,” Facebook general counsel Ted Ullyot said in a statement to Reuters. Facebook, the world’s largest social networking site, is in the process of its initial public offering that is expected to raise as much as $10 billion. More →

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Google may launch third-party comment platform to rival Facebook

By on March 28, 2012 at 12:35 AM.

Google may launch third-party comment platform to rival Facebook

Google may be preparing to launch its own blog commenting system to compete with Facebook and Disqus. The rumor originated on the Saudi Arabian website Tech-WD and was later reportedly confirmed by TheNextWeb’s unnamed sources. Google’s comment system will reportedly incorporate the company’s search product, Google+ and other web services. The introduction of a comment system could help the Mountain View-based company bolster interest in its Google+ social networking service, which has reportedly seen a relatively slow adoption rate. According to Tech-WD, the upcoming comment system was originally discussed during Google’s G-Saudi Arabia conference, along with numerous other unannounced services. More →

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Facebook reportedly acquired 750 patents from IBM

By on March 22, 2012 at 5:55 PM.

Facebook reportedly acquired 750 patents from IBM

Facebook on Thursday acquired 750 patents from IBM in an effort to boost the company’s defense and counter new lawsuits, according to Bloomberg. The patents reportedly cover various technologies relating to software and networking. The acquisition would more than double the size of Facebook’s portfolio, which currently includes at least 56 issued patents and 503 filed U.S. patent applications. The patent acquisition comes after Yahoo, a business partner of Facebook, filed a massive patent infringement lawsuit against the social networking site. More →

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Former Google exec: Larry Page ruined Google

By on March 14, 2012 at 11:00 AM.

Former Google exec: Larry Page ruined Google

Former Engineering Director at Google and current Partner Development Manager at Microsoft James Whittaker on Tuesday published a lengthy piece explaining why he chose to leave the Mountain View-based company after having been such a vocal Google evangelist for nearly three years. His post on Microsoft’s MSDN blogs reiterates a number of opinions that have been hot topics in the media of late, but he also offers several insights from a unique point of view that only an insider can offer. In short, Whittaker feels that Google co-founder and current CEO Larry Page completely ruined the company for him. Read on for more. More →

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Yahoo files ‘puzzling’ patent lawsuit against Facebook

By on March 13, 2012 at 7:15 PM.

Yahoo files ‘puzzling’ patent lawsuit against Facebook

Yahoo has filed a massive patent infringement lawsuit against its business partner, Facebook, AllThingsD reported on Monday. The search company claims that Facebook’s News Feed, advertising methods, privacy settings and more infringe its patents. “Facebook’s entire social network model, which allows users to create profiles for and connect with, among other things, persons and businesses, is based on Yahoo’s patented social networking technology,” Yahoo’s lawsuit said. The company claims that Facebook has been “free riding” on Yahoo’s intellectual property and royalty payments alone will not be enough. Read on for more. More →

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Instagram for Android coming soon, ‘better than iPhone app’

By on March 12, 2012 at 9:05 AM.

Instagram for Android coming soon, ‘better than iPhone app’

During the annual South by Southwest conference in Austin, Texas, Kevin Systrom and Mike Krieger of Instagram teased the company’s long awaited Android app. During an interview with TechCrunch, the duo said that an Android version of the app is coming “really soon.” Systrom briefly showed the app running on his Galaxy Nexus and claimed that “it’s one of the most amazing Android apps you’ll ever see, in some ways, it’s better than our iPhone app.” The company previously announced that an Android app is on the way, however no time frame was given. The app is currently in a private beta phase, and Instagram hopes “to have it out to people really soon.” Finally, Systrom and Krieger revealed that Instagram now has more than 27 million registered users, almost twice as many as it had in December 2011. More →

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Microsoft's Windows Phone GM quits to launch own company

By on August 8, 2011 at 1:30 PM.

Microsoft's Windows Phone GM quits to launch own company

Microsoft’s General Manager of the Windows Phone Developer Experience on Monday announced that he is leaving Microsoft to launch a start up. Kindel did not share the details of his new endeavor, and his public profile on networking site LinkedIn lists him as Founder and CTO of <redacted> at A super secret stealth startup. “[The start up] has to do with sports, advertising, mobile, social-networking, and, of course, the cloud,” Kindel wrote in a post on his personal blog. “I’m insanely excited to get started.” The soon-to-be former executive was with Microsoft for 21 years, having joined the Redmond-based company’s developer support group in 1990. Kindel’s full email to his team regarding the decision follows below. More →

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Is Apple’s iMessage the start of something bigger?

By on July 8, 2011 at 10:45 AM.

Is Apple’s iMessage the start of something bigger?

One of the most important features Apple announced at WWDC 2011 was iMessage. It’s not only a direct competitor to Research In Motion’s extremely popular BlackBerry Messenger service, but could serve as the start of a much larger social initiative. Looking at the big picture, iMessage isn’t just a text / photo / video messaging service that will work with all iOS devices including the iPod touch, iPhone, and iPad, but it could also be the backbone for Apple to launch its own IM network that combines the company’s different strengths. Read on for my thoughts. More →

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Users spend more time using mobile apps than the Internet, study finds

By on June 27, 2011 at 7:53 PM.

Users spend more time using mobile apps than the Internet, study finds

We now spend more time using mobile apps than on the Internet, according to a new research report from Flurry. The firm, which pulls its data from more than 85,000 applications, noted that in June 2011 the average person spent 81 minutes using mobile applications each day and just 74 minutes surfing the web. That’s up from December, when the firm found that users spent more time surfing the web (70 minutes) than using mobile apps (66 minutes). More surprisingly, it’s a 91% jump from last year when users spent just under 43 minutes using mobile apps, versus 64 minutes spent surfing the web. Flurry also found that mobile users spend 47% of their time playing games, 32% of their time browsing social networks, 9% reading the news, and 7% using other “entertainment” apps. Finally, the company said that 14 of the 74 minutes spent per day by consumers on the Internet is spent browsing Facebook. More →

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