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 …
News
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. …
Proview rejects Apple's settlement offer in iPad dispute
Apple reportedly offered Proview $16 million to settle the companies’ ongoing legal dispute over the iPad name, but Proview rejected the offer, Chinese website Sina reported. …
Sony reports record annual loss of $5.7 billion
Sony on Thursday reported a net loss of $3.2 billion in the fourth quarter of 2011 to close its fourth straight year in the red. …
Apple's stock projected to reach $2,000 by the end of 2015
Despite Apple’s recent slide in the market, one analyst believes the company’s consistent earnings will force the stock price up to $2,000 by the end …
Google ready to spend billions to make Google Play Music a success
Google is reportedly breaking out its massive checkbook in an effort to gain blanket rights to major labels’ music catalogs. Following unconfirmed reports that Google’s …
Apple to share cost of improving Foxconn working conditions
Though dozens of major consumer electronics companies make use of Foxconn Technology Group’s manufacturing services, Apple has repeatedly been singled out as bearing the responsibility …
Facebook to launch its own app store in the coming weeks
Facebook on Wednesday announced it will be launching a new App Center in the coming weeks on the Web, iOS and Android. The company hopes …
Contract customers continue fleeing T-Mobile in Q1
Following a rough holiday quarter for the nation’s No.4 carrier, T-Mobile on Thursday reported results for the first quarter of 2012. Adjusted OIBDA was up …
Proview's U.S. iPad suit against Apple tossed out
A California judge tossed out Proview’s trademark claims against Apple’s iPad tablet. The Chinese company filed a lawsuit in California’s superior court in February, claiming …
