Facebook prices IPO at $38, valuation set at $104 billion
Facebook on Thursday set the share price for its initial public offering at $38. Shares of Facebook will begin trading on the NASDAQ exchange after …
News
HP may cut 25,000 jobs
Hewlett-Packard is reportedly mulling a massive workforce reduction that will see as many as 25,000 jobs cut from the company. Bloomberg cites unnamed sources in …
AT&T, Verizon look to further squeeze subscribers as earnings soar
AT&T noted record smartphone sales when it posted a monster holiday quarter to close out 2011, and the carrier came back in the first quarter …
Apple, on Siri complaints: Buy a different phone
Some believe Siri is a driving force behind Apple’s record-breaking iPhone 4S sales, but not everyone is impressed with the Cupertino, California-based company’s virtual assistant. …
Google Music deauthorization limit poses a problem for rooters [updated]
Similar to Apple’s iTunes program, Google Music only allows a certain number of devices to be connected to the service at one time. Google allows …
Sprint won't turn a profit on the iPhone until 2015
Sprint’s costly $15.5 billion gamble on Apple’s iPhone won’t pay off until 2015, according to CEO Dan Hesse. At that time, however, the iPhone will …
How much are you worth to Facebook?
Facebook is just days away from one of the largest initial public offerings of all time. The social networking site is looking to raise more than $16 …
HTC EVO 4G LTE review
Successfully launching an iconic smartphone is a daunting task, and following up a blockbuster flagship phone launch is even more difficult. Apple and Samsung might …
Facebook increases IPO size by 25%
Just two days before its initial public offering, Facebook has increased the number of shares it will offer by 25%. The social networking giant will …
Apple patent spats finally pay off
The launch of Sprint’s flagship EVO 4G LTE has been delayed indefinitely and supply of AT&T’s flagship HTC One X will be constrained as a …
Facebook amends offering, seeks $93 billion to $104 billion valuation for IPO
Facebook on Tuesday raised its initial public offering price target range to between $34 and $38 per share in response to strong demand, an increase …
General Motors to stop advertising on Facebook
General Motors, the world’s largest automaker and third biggest advertiser in the U.S., plans to stop advertising on Facebook, The Wall Street Journal reported on …
More than 70% of users spend little or nothing on apps
Nearly two-thirds of consumers in the United States have spent money on mobile applications on at least one occasion according to a survey conducted by …
Half of Americans believe Facebook is a passing fad
Half of all Americans think Facebook is a passing fad and the social networking site’s expected asking price of $34 to $38 is too high, …
Torrent-busting 'Pirate Pay' may be illegal
A Russian startup that received $100,000 of funding from Microsoft made headlines recently as its emerging efforts to battle digital piracy found their way to …
T-Mobile CEO warns company of job cuts
T-Mobile in March said that the company was looking to restructure and in doing so, it cut 5% of its workforce while closing seven call centers. …
Google+ is a ghost town, study says
Google’s emerging social network Google+ may boast big user numbers, but a new study suggests that social activity and user engagement are anything but impressive. …
New Jersey town bans texting while walking [updated]
The statewide ban on texting while driving wasn’t enough for one New Jersey town, according to The Huffington Post. After 74 crashes involving pedestrians in …
Analyst fears video game industry may hit six-year low
NPD Group last week announced that video games sales for the month of April were down 26% and software sales plummeted from $630.4 million to …
Microsoft's Steve Ballmer named worst CEO
Microsoft’s Steve Ballmer is the worst CEO of any large publicly traded American company, according to Forbes. The executive sits atop of a list that …
LightSquared files for Chapter 11 bankruptcy
LightSquared on Monday filed for Chapter 11 bankruptcy after its planned high-speed wireless network was derailed by regulators, Bloomberg reported. The company’s data network would …
Apple may debut new social photo-sharing service at WWDC
Apple is reportedly preparing an upgrade to its iCloud service that includes new photo-sharing features, according The Wall Street Journal. The publication cites multiple anonymous …
Former Microsoft exec says Apple killed the Zune before it even launched
A former Microsoft executive in charge of the company’s Zune division has admitted its music players were a mistake, GeekWire reported. “The portable music market …
Microsoft-funded 'Pirate Pay' takes aim at P2P piracy
Russian startup Pirate Pay is taking aim at the growing popularity of illegal file-sharing as it looks to cooperate with music labels and movie studios to stem …
DVDs and Blu-rays to carry two unskippable government warnings
The FBI Anti-Piracy Warning that is found on all modern DVD and Blu-ray discs is getting an upgrade. The United States government earlier this week …
Apple's iCloud site to get Notes and Reminders apps
Apple’s iCloud service allows users to access their Mail, Contacts, Calendar, Find My Phone and iWork apps through the Web. The Cupertino-based company may be planning …
Facebook is killing carriers' SMS revenue
Global carrier revenue from SMS services is in decline, and the cause of the slide is a topic of much debate. Mobile messaging services such …
Apple accuses Samsung of destroying evidence
Apple on May 1st filed a motion in the Northern District of California alleging that Samsung intentionally destroyed documents it was ordered to hand over …
EMI Group forces file-sharing service MP3tunes into bankruptcy
As the company’s court battles with major music label EMI Group, file-sharing service MP3tunes was forced to file for bankruptcy in a United States court …
Amazon to launch color Kindle eReader later this year, report claims
Amazon will reportedly launch a new version of its Kindle eBook reader later this year that features a color display with a capacitive touch panel. …
