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Saturday, March 31, 2012

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Last Facebook pre-IPO valuation is highest yet: $102.8 billion

Mar 30, 11:52PM

If Facebook were to go public now, it would be valued at $102.8 billion. Of course, that's not going to happen, since the company only filed for its initial public offering (IPO) last month.


The BIG browser benchmark: Chrome 18 vs Opera 11 vs Firefox 11 vs IE9 vs Safari 5

Mar 30, 9:47PM

The BIG browser benchmark! Chrome 18 vs Opera 11 vs Firefox 11 vs IE9 vs Safari 5 ... which browser will be triumphant?


Groupon backtracks, lowers Q4 2011 revenue estimates

Mar 30, 9:01PM

Groupon has been forced to revise its fourth quarter earnings report, lowering revenue and net income. However, there might be more reason to worry.


Stalker app Girls Around Me hunts women via Facebook, Foursquare

Mar 30, 8:55PM

Online outrage increases over sexualized, so-called stalking app Girls Around Me - though it is not the first of its kind.


FTC clears IPO paperwork for Facebook CEO Mark Zuckerberg

Mar 30, 7:47PM

The Federal Trade Commission has cleared all of Facebook co-founder and CEO Mark Zuckerberg's paperwork. Another box has been checked on the company's road to going public.


Half of US households own an Apple product

Mar 30, 7:10PM

About 55 million homes in all that own something bearing the Apple logo on it.


Security breach extends to Global Payments card processor

Mar 30, 6:43PM

Card processor Global Payments has reportedly been struck by a security breach that puts approximately 50,000 cardholders at risk.


Facebook phishing attack targets Syrian activists

Mar 30, 6:39PM

Researchers from the EFF (Electronic Frontier Foundation) have spotted an ongoing Facebook phishing attack, spreading across Syrian pro-revolution forums on Facebook.


Cybercriminals use Twitter, LinkedIn, Baidu, MSDN as command and control infrastructure

Mar 30, 6:02PM

According to security researchers from Norman, they have intercepted a copy of the Sogu malware, that's abusing MSDN, Baidu, LinkedIn and Twitter as C&C servers.


All Facebook Pages get Timeline

Mar 30, 6:00PM

All Facebook Pages get the new Timeline design starting today at 11:00 AM PST. Facebook does not have a date and time for when the update process will be complete for all Pages.


Microsoft data suggests SMB cloud adoption poised to double

Mar 30, 5:50PM

Adoption of paid cloud applications and infrastructure services is especially rapid among companies with two to 10 employees, according to an SMB survey sponsored by the software giant.


Yahoo layoffs reportedly starting next week

Mar 30, 5:33PM

Most of the job cuts will happen withing Yahoo's product, research and marketing units.


Opera for Mac OS X patches 6 security holes

Mar 30, 5:26PM

The Opera Web browser for Mac OS X has been recently updated to version 11.62, with the latest update patching six security holes.


Targeted Pro-Tibetan malware attacks hit Mac OS X users

Mar 30, 4:58PM

According to a newly published data, Mac OS X users are just as susceptible to targeted attacks, as Windows users are.


Visa, MasterCard confirm credit card security breach

Mar 30, 4:41PM

Both Visa and MasterCard have confirmed they have warned U.S. banks that a credit card processor was reportedly breached. Both firms say their own security systems were not compromised.


Research: Many mobile password managers offer false feeling of security

Mar 30, 4:34PM

In a newly published research by Elcomsoft's researchers, the company argues that many of the mobile secure password managers aren't as secure by design, as originally thought of.


Firefox 11 review: Firefox has jumped the shark

Mar 30, 4:32PM

Not very fast, really unstable, and falling in popularity, does Firefox have a future?


Boys post Facebook kissing photos, school withholds diplomas

Mar 30, 4:31PM

A school has denied six boys their diplomas after they posted photos on Facebook that made them look like they were kissing. After some negotiation, the boys will be allowed to graduate.


Fake 'Roar of the Pharaoh' Android game spreads premium-rate SMS trojan

Mar 30, 4:18PM

Security researchers from Sophos, have spotted a bogus Chinese game, that's actually a trojan horse gathering sensitive information from infected devices, next to sending premium-rate SMS messages.


'Pixmania.com payment order detail' themed emails serving SpyEye crimeware

Mar 30, 4:05PM

Security researchers from "Stop Malvertising Spam & Scams", have intercepted a currently circulating malicious email campaign, that's impersonating GestPay



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Why Google Might Be Going to $0

Mar 31, 10:00AM

googleEditor's note: James Altucher is an investor, programmer, author, and entrepreneur. He is Managing Director of Formula Capital and has written 6 books on investing. His latest books are I Was Blind But Now I See and FAQ ME. You can follow him on Twitter @jaltucher. Ken Lang could perform miracles. In 1990 we would head off to a bar near where we were going to graduate school for computer science, and we would bring a Go board. Then we would drink and play Go for five hours. At the end of the five hours, after a grueling battle over the board, I remember this one time when magically Ken would show up with two girls who were actually willing to sit down and hang out with two guys who had a GO BOARD in front of them. How did Ken do that? Fast forward: 1991, CMU asks me to leave graduate school, citing lack of maturity. The professor who threw me out still occasionally calls me up asking me when I'm going to be mature enough. Fast forward: 1994, one of our classmates, Michael Mauldin is working on a database that automatically sorts by category pages his spider retrieves on the Internet. The name of his computer: lycos.cs.cmu.edu. Lycos eventually spins out of CMU, becomes the biggest seach engine,  and goes public with a multi-billlion dollar valuation. Fast forward: Ken Lang starts a company called WiseWire. I was incredibly skeptical. I read through what the company is about. "No way," I think to myself, "that this is going to make any money". 1998: Ken files a patent that classified how search results and ad results are sorted based on the number of click-thrus an ad gets. He sells the company to Lycos for $40 million. Ken Lang becomes CTO of Lycos and they take over his patents.


Here Are The Women of Y Combinator And They Are Awesome

Mar 31, 1:40AM

Olga-VidishevaI would normally rather have a root canal instead of write about the issue of women in technology. I just find most essays on this really tedious and obvious. (Sorry Alexia.) But I do want to point one thing out. When I went to my first Y Combinator Demo Day three years ago, there was one woman. At this week's Demo Day, there were six companies with one or all female founders among the 66 startups in the class. I'm going to keep this post simple. No complaining. Less navel gazing. Just more role models. So here are the women of Y Combinator and they are awesome:


Hallmark Greets Digital, Acquires SpiritClips To Let You Send Photo/Video E-Cards

Mar 30, 11:15PM

Hallmark SpiritClipsPhotos and video can be even more personal than a handwritten card. That's why Hallmark has just acquired SpiritClips, an online video production and streaming service that also makes personalized digital e-cards. It looks like Hallmark customers will soon be able to create and send e-cards by uploading their own photos or choosing from video content created by SpiritClips. Hallmark already has its own line of animated video e-cards, but they're not very personalized. As more of our intimate connections happen online, the SpiritClips acquisition will let Hallmark stay relevant rather than living off its dead-tree printing business.


"Girls Around Me" Creeper App Just Might Get People To Pay Attention To Privacy Settings

Mar 30, 10:30PM

girlsaroundme1Cult of Mac has a great write-up of an app for iOS called Girls Around Me, which essentially displays check-ins and public profiles of girls around you. With a little shift in context it could easily be confused for a hot new startup (discoverability meets speed dating!), but no, it really is just a way for guys to creep on nearby girls who have failed to lock down their info. It's sad, but maybe something like this is what people need to shock them into understanding just how much information they put online.


Groupon's Profit In 2011 Was Actually $22.6 Million Less Than They Previously Said

Mar 30, 9:45PM

groupon_logoDaily deals site Groupon today issued a pretty significant revision of the financial results it previously reported for the fourth quarter and the full year of 2011. According to the company, it actually made $14.3 million less in revenue during the fourth quarter of 2011 than it previously reported -- $492.2 million, compared to the previously stated $506.5 million. It also spent more in operating expenses than it previously said it did -- resulting in its Q4 operating income and net income being $30 million and $22.6 million less, respectively, than the company initially said it was.


Evinar – A Google Hangouts For Facebook That Broadcasts Anything (Except The Audience)

Mar 30, 9:36PM

Evinar ScreenshotWith Evinar, you can't bring audience members onto a live streaming stage with you, but you can broadcast anything else. Evinar is a new Facebook Page app launching today via TechCrunch that lets you stream to a live audience nearly nearly any type of content, including YouTube, Ustream, Hulu, Facebook photos, Flickr, SlideShare, tweets, or uploaded text and images. Evinar definitely lacks interactivity. You can't collaborate or video chat with the first 10 viewers like on Hangouts, or pipe in the webcam streams of any audience member like promising startup OnTheAir. Plus you can't stream your own webcam directly. Still, web celebs and thought leaders could use Evinar to connect with their fans in more ways than a standard video stream.


Ultra Disappointment? Nah, Ultrabooks Are Just Getting Started

Mar 30, 9:16PM

ultrabooksThis year was supposed to be the year of the Ultrabook. It was supposed to be the year where svelte notebooks became standard. It was supposed to be the year that Intel's latest ultra-mobile platform gave Windows PC makers something to celebrate. But that's not happening. At least not yet. And that shouldn't come as a surprise.


Twitter Takes Tweetdeck Offline After Apparent Bug Opens Up Access To "Hundreds" Of Accounts [Back Now]

Mar 30, 8:46PM

tweetdeck_avatar_2_reasonably_smallTwitter has taken its Tweetdeck app offline after an apparent bug has possibly given some Tweetdeck users access to others' accounts. A Tweetdeck user in Sydney, Australia, Geoff Evanson, says he discovered today he was somehow able to access hundreds of other accounts through Tweetdeck. Twitter quickly responded to the situation by shutting off access to Tweetdeck entirely, claiming the need to "look into an issue."


Gillmor Gang Live 03.30.12 (TCTV)

Mar 30, 8:01PM

Gillmor Gang test patternGillmor Gang - Robert Scoble, John Taschek, Kevin Marks, Rob La Gesse, and Steve Gillmor. Recording has concluded.


Inside Best Buy: An Anonymous Store Manager Speaks About Recent Changes

Mar 30, 6:56PM

bestbuy>From the outside, we early adopters see Best Buy as a dinosaur in a dying world. The company recently announced the closing of 50 stores in the U.S. and 400 layoffs, mostly in corporate. It would be easy to say "Good riddance" and ignore the slow decline of bricks and mortar, but I wanted to speak to someone inside the company. I got a hold of a manager who wished to remain anonymous and was considered a solid and dedicated employee. I asked him what it's like inside his store right now. "Basically what's going on is that we got to work and heard about the 50 store closings and we started wondering about job security. Immediately my reaction was 'Oh, crap, what am I going to do?'" he said.


Is There Money To Made In The DIY Sentry Gun Open Source Scene? Yes.

Mar 30, 6:49PM

Sentry_Eugene_01It's hard to forget that scene in the Graduate when the young, confused Benjamin is approached by a family friend who tells him the future in two words: sentry guns. Now you, too, can enter this lucrative world with Project Sentry, an open source tracking sentry gun system that uses a webcam to scan the scene and take down your prey.


Amazon's Appstore Generates More Revenue Per Daily User Than Google Play

Mar 30, 6:42PM

Revenue Comparison - iOS vs Amzn vs Android-resized-600According to new data released today by mobile analytics firm Flurry, Amazon's Appstore for Android is generating more revenue per daily user than the Google Android Market, which was recently rebranded as the Google Play store. That shouldn't be surprising, given that Amazon vets apps for quality, runs promotions to entice users to return daily, and perhaps most importantly, is able to leverage its established user base of Amazon account holders who already have credit card information on file - perfect for one-click checkouts.


Keen On… Chad Mureta: How Apps Can Change Your Life [TCTV]

Mar 30, 5:58PM

MuretaBack in 2009, Chad Mureta was an 18-hour a day real estate salesman living from one paycheck to the next. Driving home after a basketball game one evening, he hit a deer, flipped his truck over four times, mangled his arm and almost killed himself. Then, recovering in his hospital bed, Mureta - who knew nothing about technology or the Internet - was introduced to the app economy by a friend who gave him a newspaper article about how apps can generate significant revenue. When he got out of the hospital, Mureta borrowed $1,800 from his stepfather, built an app called Fingerprint Security Pro which eventually generated $800,000 in revenue. Mureta is now an app entrepreneur and, in good Tim Ferris style, travels around the world as a member of what he calls "the new rich".


Second Prize Is A Set Of Steak Knives: MarGenius Is A Social Network For Networkers

Mar 30, 5:42PM

Screen Shot 2012-03-30 at 1.32.35 PMSo you're in town to follow up on some weak leads and your boss says you've got to stay put for a few more days because there's an old lady out near Patton Road who is looking to buy and you call back and say you got to get back to HQ for some paperwork and your boss says "Make the most of it." The only thing that counts in this world, friend, is getting them to sign on the line which is dotted. Am I right? So you need some new leads, or at least some new people in your Rolodex. That's where marGenius comes in. You import your Google or Microsoft address book and calendar (don't worry, nobody else can see it) and it figures out if there are people you need to see and talk to near you, right in town there. Doesn't matter if the lady near Patton Road's crumb cake is from the store. You got four more new leads out of marGenius and you can give them a call or even schedule a meeting right from the app and ring a ding ding you're up on the big board again, at least for a while.


PayPal Teams Up With Gas Station Chain On A Payment App And Fuel Discounts

Mar 30, 5:40PM

cumbyThere's no shortage of apps that help people find cheap gas these days, but apps that let you pay for it? And ones that give you a discount for doing it? Sign me up. Regional gas station/convenience store chain Cumberland Farms has done just that with their new SmartPay app, which in addition to letting users pay without leaving their seats, offers them a $.05 cent/gallon discount. Here's how it all goes down: once a driver signs in with a PayPal account, they can pull into a supported Cumberland Farms location and fire up the iOS/Android app or the mobile website. From there, the app uses the device's GPS to hone in on the gas station they're parked at, users punch in their pump number and voila -- their gas charges are sent to PayPal, and users get an email receipt.


Netflix Sharpens Focus On DVDs With DVD.com, But Don't Cry Qwikster. (It's Staying)

Mar 30, 5:39PM

netflix-logoNetflix has been making a few moves to separate its DVD business more from its streaming operation, and today brings news of the latest move in that direction: the company has bought the domain name DVD.com, the company has confirmed to us. The news raises questions of Netflix possibly getting ready to pull a Qwikster on us after all and separate its streaming and DVD businesses -- something others have suggested it might do -- but TechCrunch understands that there are no plans to spin off its DVD business into a separate company, à la the Qwikster strategy of last year that so qwikly spiraled into a PR disaster for the company, and was then abandoned.


Engineering Serendipity

Mar 30, 5:38PM

flickr-ktoine-surpriseI don't know if Highlight, Glancee, Banjo, or any one of those other startups you're now officially sick to death of hearing about are going to make it, but I know that for the first time in a long time, we're starting to move in the right direction in terms of mobile innovation. And no, I don't mean we need more people-stalking apps, I mean we need more passive use of our mobile phones. Less life lived looking down means more life actually lived. The trend that strikes me here as being important is not necessarily "ambient location" or even "people finders" - that's just all we're capable of today. The real end game is engineering serendipity.


DoubleTwist's New Alarm Clock For Android Wakes You With Your DoubleTwist Tunes

Mar 30, 4:23PM

productshotDoubleTwist, the maker of the popular suite of applications for syncing music and media between devices, has just surprised its users with the release of a new application today. And this time, the app branches out from the company's prior focus on media management - it's an alarm clock app for Android phones. But on closer inspection, DoubleTwist Alarm actually does makes sense as an extension of the DoubleTwist brand, as the app is designed to wake you with music. In fact, it even connects with the company's mobile Player app, allowing you to configure songs or entire playlists as the music you wake to.


(Founder Stories) Kayak's Paul English Discusses Big Wins & Important Strategic Alliances [TCTV]

Mar 30, 2:38PM

Kayak Video 1 Out -tc_upload.mp4Having recently posted its 2011 revenue numbers, Kayak.com's co-founder, Paul English stopped by TCTV to tape an episode of Founder Stories with host Chris Dixon. In part I of this conversation, English describes serendipitously meeting co-founder Steve Hafner (who previously co-founded Orbitz), speaks to the importance of striking the right business partnerships and offers insights into how Kayak tests its products.


Skolkovo: Cisco, Bessemer Venture Partners Put Millions Into Russia's Latest Answer To Silicon Valley

Mar 30, 2:06PM

skolkovoIn the debate over whether there can ever exist "another Silicon Valley" and where, exactly, it would be, add in another contender: Skolkovo, an ambitious high-tech sprawl being built outside of Moscow, which this week announced the latest two companies to invest in its big idea: Cisco and Bessemer Venture Partners. Bessemer has promised investments worth $20 million over the next two years into startups that are resident at Skolkovo, while Cisco has dedicated an unspecified part of a $1 billion injection it is making into Russia over a number of years to build an R&D lab in the area -- part of big push from the government to take some of the technology know-how that Russia has been producing for decades and give it a significantly more commercial spin.



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Friday, March 30, 2012

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In China, Nokia's Elop talks iOS, Android competition

Mar 30, 12:19PM

On March 28, joining hands with China Telecom Ltd., Nokia launched Lumia 800C- its first Windows phone in China. Nokia CEO Stephen Elop was interviewed by China's press.


Google Tablet: A very good thing done the right way

Mar 30, 12:10PM

Google may be producing and selling its own tablet if rumors are accurate. Let's hope it does it the right way to give it a chance to succeed.


BlackBerry maker denies consumer market retreat

Mar 30, 12:08PM

RIM has clarified comments to deny that the company is leaving the consumer market, in favour of reestablishing its enterprise and business customer base.


Big Switch Networks Open SDN

Mar 30, 10:57AM

Making network routing more programmable and sub-networks more dynamic is an important step in creating networks that are as agile of virtual servers and virtual storage. Big Switch Networks...


Solar goes 3D in MIT research project

Mar 30, 10:17AM

By designing solar photovoltaic panels into various tower configurations, researchers believe they can create a more predictable source of power over the entire year -- even on cloudy days.


RIM 'considers' sale options: Should Apple buy BlackBerry?

Mar 30, 10:00AM

If Apple made a bid for Research in Motion, it could take a leaf out of Google's book by spinning out the business to avoid antitrust conflicts, and spark a real smartphone war.


Repeat after me: There is no perfect smartphone

Mar 30, 9:33AM

Bottom line: There is no perfect smartphone. A lot of these devices are starting to blend together. And they will all annoy you, but in different ways.


RIM lost $54 million on four-day global BlackBerry outage

Mar 30, 9:09AM

The BlackBerry maker said on Thursday that the global outage which spread across the world over four days cost the company $54 million, revised-down from estimates.


Western Union targets emerging markets with mobile money service

Mar 30, 8:30AM

Mobile payments is a hot trend these days, and it's arguably taken off considerably faster in developing markets where consumers rely on cell phones probably more than any other personal device....


Sex Tech: Egyptian Porn Censorship, UK Filesharing Travesty, Wikipedia Sex Wars

Mar 30, 7:09AM

Under the banner of anti-porn: Egypt's boldest move to filter the internet, UK violates broadband user privacy, Wikipedia's rules are bent.


Too much Facebook time leads to depression in girls

Mar 30, 5:14AM

The more time girls spend on Facebook, and the more Facebook friends they have, the more likely they are to get depressed, according to U.S. psychologist Dr. Leonard Sax.


Google to sell a branded tablet - Android game-changer?

Mar 30, 4:45AM

Is the Google brand enough to stem the tide of tablet customers who just can't seem to get enough iPads?


HTC shutting down Sense online backup and phone location

Mar 30, 1:27AM

HTC is shutting down online backup services for Android customers.


Investigating Google ... and the future of newsrooms

Mar 30, 1:25AM

The same powerful technology trends that are transforming global economies will save stricken newsrooms -- provided they focus on original content.


Facebook revamping search

Mar 29, 11:50PM

Google is already pushing forward with social, and it turns out Facebook is already working to push forward with search. The social networking giant wants to revamp it search engine.


Your Facebook Page numbers are about to take a huge hit

Mar 29, 11:00PM

Facebook Page numbers are about to drop because the company is planning to change how it counts check-ins. Each user will only be allowed one check-in to a Page every 12 hours.


Apple's supply chain: A profile of a Foxconn factory employee

Mar 29, 9:46PM

The Fair Labor Association's report on Foxconn's working conditions provides a nice composite sketch of your average Apple supply chain worker.


The time displayed on most Android phones is wrong

Mar 29, 9:23PM

The problem dates back to an Android bug first uncovered in December 2009.


Nepal asks Facebook for third sex option

Mar 29, 9:17PM

A prominent lawmaker and gay rights activist in Nepal has sent a letter to Facebook asking if the social network could add a third sex option for people who identify as neither male nor female.


RIMageddon: Heins follows turnaround playbook, doubles down on enterprise

Mar 29, 9:17PM

RIM struggles to hold its subscriber base as it refocuses on enterprise services and pulls back on me-too consumer efforts.



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Wikipedia's Next Big Thing: Wikidata, A Machine-Readable, User-Editable Database Funded By Google, Paul Allen And Others

Mar 30, 10:00AM

wikimedia-logo2Wikidata, the first new project to emerge from the Wikimedia Foundation since 2006, is now beginning development. The organization, known best for its user-edited encyclopedia of knowledge Wikipedia, recently announced the new project at February's Semantic Tech & Business Conference in Berlin, describing Wikidata as new effort to provide a database of knowledge that can be read and edited by humans and machines alike. There have been other attempts at creating a semantic database built from Wikipedia's data before - for example, DBpedia, a community effort to extract structured content from Wikipedia and make it available online. The difference is that, with Wikidata, the data won't just be made available, it will also be made editable by anyone.


The Ground Beneath Apple's Walled Garden

Mar 30, 6:30AM

800px-Eglinton_Walled_garden_wallApple's blanket rejection of apps accessing UDIDs is just the latest in a long line of erratic behavior on Apple's part of enforcing the rules of the iOS App Store. Sure, Apple warned developers that they were deprecating UDID, but like many of Apple's Solomonic pronouncements about the iOS App Store it was a little unclear, vague and open to interpretation. Many developers assumed that they would have at least until the release of iOS 6 to clear things up, but that turned out to be too optimistic.


Israeli-American Accelerator UpWest Labs Graduates Its First Batch Of Startups

Mar 30, 4:57AM

screen-shot-2012-02-07-at-12-49-35-pm2When it comes to countries with thriving startup ecosystems, Israel ranks among the best. With nearly 5,000 startups currently in business -- second only to the U.S. -- the country's pool of entrepreneurial talent has been attracting Western businesses and entrepreneurs for years. But, in January, Gil Ben-Artzy and Shuly Galili launched a startup accelerator that aims to reverse this trend in favor of Israeli entrepreneurs, by bringing the country's promising founders to Silicon Valley to help them kick start their businesses. And, today, after 10 weeks of mentoring, networking, and iterating, UpWest Labs is revealing the six graduates of its inaugural batch.


Best Buy To Shut 50 Stores In Streamlining Effort

Mar 30, 2:41AM

wreckinTechCrunch's Best Buy tag isn't exactly a heartening place to visit. In the last few months, it "stole Christmas," been "finished," and is now "going out of business." Dire straits indeed for a company that has defied the odds not only against big retail competition but against deadlier online opponents as well for nearly 50 years. But an announcement today seems to give a little weight to the doom and gloom expected from a tech community that views Best Buy as an anachronism. Best Buy will be closing 50 of its big box stores and laying off some 400 people, mostly on the administrative side. Is it rightsizing or just plain attrition?


Patients Are More Than A Vessel For Billing Codes

Mar 30, 2:00AM

Patient as Billing Code VesselIt will be virtually impossible to succeed in the new reimbursement model without recognizing what has long been said, but little done about it -- "the most important member of the care team is the patient." Having implemented or reviewed over 100 health IT systems, there is one common purpose at the core of the architecture of these systems -- how to get as big a bill out as quickly as possible. That has been an entirely rational response to the flawed reimbursement model at the heart of healthcare's hyperinflation (here's a not-so-fun fact: Since the 60's, while all non-healthcare expenditures increased 8x, healthcare increased 274x).


Kickstarter Shares The Effects Of Its Blockbuster Season

Mar 30, 12:30AM

df_pledges_per_week_logo.largeFebruary was a big month for Kickstarter. Not only did they have a number of record-breaking projects, but they were shoved into the mainstream consciousness with a flood of traditional news coverage. But there was always the question of whether these thousands of pledges would have any lasting effect on the site. Could such a rush of attention actually have negative effects, increasing competition and bringing in more projects than the site's population of donors can handle? Fortunately, that doesn't seem to have been the case. The site's big month appears to have made a lasting increase in both projects, users, and funding.


Confirmed: LivingSocial Co-founder Eddie Frederick Steps Down From Leadership, Board

Mar 30, 12:14AM

6a00e553b7e58b8834010536b4bf69970c-800wiStartupStats got wind of news this afternoon that LivingSocial Co-founder Eddie Frederick is stepping down from both his leadership position today, and from his role as a member of the company's board of directors. We've since been able to confirm the news by way of LivingSocial Director of Communications Brendan Lewis. Frederick co-founded the daily deal giant back in 2007 with CEO Tim O'Shaughnessy, CIO Val Aleksenko, and CTO Aaron Batalion. The four met while working for Revolution Health, and, after completing work on the consumer healthcare portal, they decided to leave to pursue their already-launched Facebook app, Virtual Bookshelf. The book solution, formerly known as Hungry Machine, was initially the company's flagship product, before it became the Groupon competitor we know today.


The Cloud Will Cure Cancer

Mar 30, 12:00AM

Moneyball-Jonah-Hill-boardMuch ink has been spilled on the huge leaps in communications, social networking, and commerce that have resulted from impressive gains in IT and processing power over the last 30 years. However, relatively little has been said about how computing power is about to impact our lives in the biggest way yet: Health. Two things are happening in parallel: technology to collect biological data is taking off and computing is becoming massively scalable. The combination of the two is about to revolutionize health care. Understanding disease and how to treat it requires a deep knowledge of human biology and what goes wrong in diseased cells. Up until now this has meant that scientists do experiments, read papers, and go to seminars to get data to build models of both normal and diseased cell states. However, medical research is about to go through a tectonic shift made possible by new technological breakthroughs that have made data collection much more scalable. Large amounts of data combined with computers mean that researchers will have access to data beyond just what they can themselves collect or remember. A world with affordable massive data in the clinic and in the lab is on the horizon. This will mean exponentially faster medical progress.


WSJ: Google Planning To Sell Tablets Straight To Consumers

Mar 29, 11:43PM

nexustabHere we go again: the rumors of Google branching out into the tablet space have been floating around for what seems like ages now, and the Wall Street Journal has jumped into the fray. They cite the usual handful of unnamed sources, who this time say that Google is planning to open up their own online store a la Amazon to sell Android tablets. Not just any Android tablets, mind you -- co-branded ones that bear Google's name along with that of the manufacturer. Google does many things (some better than other), but they're definitely not in the consumer hardware production game.


Algorithmic Essay-Grading: Teacher's Savior Or Bane Of Learning?

Mar 29, 11:30PM

roboA contest is underway at data-crunching competition site Kaggle that challenges people to create "an automated scoring algorithm for student-written essays." This is just the latest chapter in a generations-long conflict over the nature of teaching, and to that end it's also just one of many inevitable steps along the line. Automated grading is already prevalent in simpler tasks like multiple-choice and math testing, but computers have yet to seriously put a dent in the most time-consuming of grading tasks: essays. Millions of students write dozens of essays every year, and teachers will often take home hundreds to read at a time. In addition to loading the teachers with frequently undocumented work hours, it's simply difficult to grade consistently and fairly. Are robo-readers the answer? Mark Shermis at the University of Akron thinks it's at least worth a shot.


What Does A Post-UDID World Look Like For iPhone And iPad Developers?

Mar 29, 10:36PM

UDIDThis past week has been a big wake-up call for the iOS developer community. The need to move away from UDIDs, or an ID scheme that many developers rely on to power advertising and store data about their users, took on extra urgency after Apple issued a few app rejections related to UDID use over the past week and a half. Even though Apple told developers that it would deprecate UDIDs about six months ago, the community hadn't yet converged on a good alternative. There is a lot of misinformation right now. Because Apple often communicates policy changes through one-off app rejections instead of publishing a clear and transparent notice to everyone, developers get aggravated by rumors. While being super secretive stokes consumer appetite for Apple products, it's a ridiculously awful way to operate a platform that 700,000 apps rely on. Chartboost, which does direct advertising trades between developers, sent out an e-mail last night saying that the stories about UDID rejections are "completely fabricated." But another indie developer, TapBots, posted an actual copy of a rejection notice they received this morning (pictured below). So what is going on?


Maxim Minimized. Big Layoffs Hit Men's Mag Web and Editorial Staff

Mar 29, 10:29PM

Maxim MagazineThe Internet killed the magazine star. There's been a major round of layoffs at Maxim magazine. Senior Editor Seth Porges is at least one employee who got the axe, according to our sources and confirmed by a recent update to his Twitter bio that now lists him as "EX-MAXIM". Update: We've confirmed there's been six layoffs from the editorial, web, and photo teams, whose total full-time headcount numbers roughly 13, so just under half of that staff. The layoffs could be a response to declining magazine sales due to the fracturing of men's attention caused by rise of the internet and social media. There's just more places for men to look at gadgets, guns, and girls than there used to be.


It's Time To Believe In RIM And The BlackBerry Again

Mar 29, 10:00PM

blackberry1Research In Motion, maker of the once ubiquitous BlackBerry, just released its Q4 2012 earnings. They're not good. Revenue dropped to $4.2 billion, down 19% from the third quarter. Likewise, BlackBerry sales plummeted 21% from Q3 down to 11.1M units, but surprising, PlayBook sales were way up to 500k units. One of the company's former co-CEO's Jim Balsillie resigned amid what we're hearing are deep layoffs throughout the company. This is the first set of financial data released under the new CEO, Thorsten Heins. Even though there are black clouds looming over Waterloo, as my headline states, it's time to believe in RIM again. The conditions are right for a rebirth.


Foursquare Adds Bios To Profile Pages, Evolving As A More Self-Contained Social Network

Mar 29, 9:49PM

foursquare_logoFoursquare today rolled out the ability for users to add short personal "bios" to their profile pages on the site. These bios are limited to 160 characters or less, and can be imported directly from a user's Twitter account or written from scratch. It's another small step in Foursquare's progression from a fun app that plugs into sites such as Facebook and Twitter to a more self-contained, standalone social network in its own right. Since the company secured $50 million in funding at a $600 million valuation last summer, Foursquare has been steadily adding new features such as restaurant recommendations and passive location detection aimed at fleshing out the app's user experience and increasing its stickiness.


RIMour: RIM Is Laying Off Execs As Dust Settles Post-Earnings

Mar 29, 9:14PM

blackberryAn errant tweet points us to the news that Research In Motion CEO Thorsten Heins is "clearing house" and "SVP/VP-level execs" are being fired. What does this mean? Hopefully a turnaround and, more cynically, an effort to reduce costs. Either way, RIM is changing.


RIM Falls Short: BlackBerry Shipments Down 21% From Q3, Former Co-CEO Jim Balsillie Resigns

Mar 29, 8:53PM

sadberryThis just in folks: RIM has released their Q4 2012 earnings report, and it paints a pretty bleak portrait of the ailing company. RIM posted quarterly revenues of $4.2 billion, down 19% from the previous quarter, and down 25% from the year-ago quarter. The Waterloo company also reported a net loss of $125 million or $0.24 per share diluted in Q4, along with earnings per share of $0.80. In the days leading up to the release, analysts expected earnings of $0.83 cents a share on revenue of $4.56 billion.


FLA Report Reveals Issues At Foxconn Plants, Details Solutions

Mar 29, 8:49PM

apple_logoThe Fair Labor Association has concluded its month-long investigation of Chinese manufacturer Foxconn's factory conditions, and as they indicated early on, they have encountered "significant issues," though it's far from the sub-Dickensian hellhole many perhaps expected. They have focused on a few of the most significant problems and made some suggestions as to how to remedy them. Ultimately these solutions will need to be monitored by Chinese authorities — the same authorities under which the previous, nominally illegal excesses of Foxconn's were swept under the rug. But with the eye of the world upon them, it may be that even the most lax of regulators will have to make an effort to keep their industry in line with the laws that ostensibly bind them.


Facebook Tests Letting Advertisers Optimize For Results (Such As Page Likes Or App Installs)

Mar 29, 7:42PM

FacebookAdsAdvertisers looking for higher ROI from their Facebook self-serve ads may soon see some new tools. Facebook tells us its testing new features like "Objectives" which lets advertisers ask Facebook to "Show this to people who are more likely to: [Like my Page] or [Install my app] or [Click on my ad or sponsored story]". It's also trying a simpler interface and allowing more targeting options to be layered. The test is a response to comments from advertisers who wanted "more guidance on how to optimize their campaigns based on their marketing goals." By using it's data of which users frequently Like Pages or install apps to help advertisers, Facebook could get them better results and encourage them to spend more.


PayPal Looks To Startup Past, Product Future With Marcus As President

Mar 29, 7:40PM

The PayPal BlogeBay CEO John Donahoe announced this morning that David Marcus, the former CEO and founder of mobile payments startup Zong and PayPal Mobile VP, will be taking over as PayPal's president. As you may know, former president Scott Thompson departed PayPal in January to be Yahoo's CEO. Marcus joined PayPal last year when the payments giant acquired Zong for $240 million. Marcus stepping into the top spot at PayPal is not particularly surprising considering his extensive experience in the mobile and payments world, but it's interesting that eBay chose a Silicon Valley startup entrepreneur (as opposed to an exec with large company experience) to lead its crown jewel. We had a chance to chat with both Donahoe and Marcus about the next era of PayPal under Marcus' leadership. Donahoe explains to us "David is the right guy for the right time at PayPal. PayPal is on the cusp of an enormous opportunity and David is a product visionary," he says. "He knows how to create beautiful product experiences, and can match that with PayPal's scale."


Before FamilyLeaf, Here's The Sports Site Pitch That Got The Team Into Y Combinator

Mar 29, 7:17PM

familyleafDo you want to get a slot as part of the next batch of Y Combinator startups? Are you curious about what the founders chosen for the program did to get there? If your answer is yes to either of those questions, then read on. Today, FamilyLeaf -- a kind of "Facebook for families -- and one of the companies that presented earlier this week during the Demo Day, decided that they would make public the application that they submitted for the program.



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Thursday, March 29, 2012

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Dear Twitter: Zuckerberg isn't in China, he's in Tokyo

Mar 29, 12:10PM

Despite reports that Facebook founder Mark Zuckerberg was in China, he arrived in Tokyo today to meet the prime minister and surprising guests at the Mobile Hack event.


Yahoo to roll out Do Not Track solution by summer

Mar 29, 11:04AM

Yahoo is to implement Do Not Track headers into its range of online services, as the issue of advertising tracking remains a prominent issue for Web users.


EU to decide on Google antitrust case after Easter

Mar 29, 10:39AM

European antitrust authorities will not decide Google's fate until after the Easter vacation, on April 10 or beyond, as pressure mounts on the regulator for a snappy decision.


When it comes to energy efficiency, knowledge = power reduction

Mar 29, 10:33AM

A new White House initiative underscores the notion that more consumers would reduce their electricity consumption, if it was easier to track in real time.


Samsung Galaxy S 4G Blaze is a solid choice at $120 price

Mar 29, 10:30AM

T-Mobile has an extremely fast 42+ Mbps HSPA+ data network and is offering more and more Android devices that support these network speeds. The latest device is the rather inexpensive Samsung...


Small archery products retailer feels the power of reviews

Mar 29, 10:26AM

Since 3Rivers Archery started using the PowerReviews platform to drive customer feedback, the volume of reviews has increased by 30 percent.


Latest Flash Player streamlines update process

Mar 29, 9:47AM

Automatic, silent updates come to Flash Player.


Tim Cook visits Foxconn, meets Chinese VP to broker intellectual property agreement?

Mar 29, 9:40AM

Apple's chief executive Tim Cook has visited a Foxconn plant and met with Chinese Vice Premier Li Keqiang as he continues his visit in the country.


Domino's m-commerce brings $1.6 million in sales in a single week

Mar 29, 9:06AM

If you are not convinced that mobile commerce will actually earn you much revenue, think again. Domino's Pizza took over $1.6 million in sales through its mobile platforms in a single week in the UK.


PriceGrabber: 58 percent of consumers are not on Pinterest (yet)

Mar 29, 8:30AM

Although Pinterest might not be a hit with all consumers (and businesses) just yet, there could be an incentive for online retailers that they're missing.


The Kindle Fire 6.3 update may help light up the classroom

Mar 29, 8:30AM

Amazon's new Kindle Fire update improves the social aspects, in addition to making the device more attractive to the educational market.


New Kindle Fire App for your daily dose of Medscape

Mar 29, 5:55AM

If you're a Medscape fan, and you like to consume content on your Kindle Fire, you'll be thrilled to know that the free Medscape app is now available for your beloved ebook reader.


51% say Facebook making them conscious of their body, weight

Mar 29, 5:03AM

51 percent of Facebook users say seeing photos of themselves makes them more conscious about their body and weight. 44 percent wish they looked like a Facebook friend when looking at photos.


Research Group: Apple television coming, but not until 2013

Mar 29, 4:20AM

An Asian research group claims that the Apple television hardware will be a "2013 event," despite most analysts claiming that it will arrive in calendar 2012.


House votes down stopping employers asking for Facebook passwords

Mar 29, 1:41AM

An amendment that would have banned employers demanding access to Facebook accounts was defeated in the House by a vote of 236 to 184. It can always return as separate legislation.


Facebook gives comments permalinks, hides spammy ones

Mar 28, 11:47PM

Facebook today released two improvements to its commenting system: a permalink for every comment on the social network and automatic hiding of comments detected as spam.


iLuv Professional Workstation portfolio for the new iPad (review)

Mar 28, 9:38PM

The iLuv Professional Workstation combines a leather-like portfolio case for the iPad with a detachable Bluetooth keyboard to turn the tablet into a near laptop replacement. Read on to see how...


Red Hat: The first billion dollar Linux company has arrived

Mar 28, 9:28PM

Red Hat didn't just break a billion dollars in annual earnings, it smashed its way pass a billion bucks with a fiscal year revenue of $1.13 billion, up 25% year-over-year.


Google attempts settlement while Oracle doesn't budge

Mar 28, 8:38PM

Google has made an attempt to offer a percentage of Android revenue to Oracle, which rebuffed the offer.


Red Hat's Q4 shines, top expectations

Mar 28, 8:20PM

For fiscal 2012, Red Hat reported earnings of $146.6 million, or 75 cents a share, on revenue of $1.13 billion, up 25 percent from a year ago.



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Google-Backed Kibits Lets You Share With Real-World Micro-Networks, Raises $1M

Mar 29, 12:03PM

KibitsHomeDoes the world need another mobile social app? A new startup called Kibits thinks it does, and its investors (including Google Ventures and Charles River Ventures) seem to agree. The company's iPhone (and iPod Touch) app is launching today. At first glance, it may look like another variant on group chat, but co-founder and CEO Matt Cutler says that even though he's "an active user of multiple group messaging apps," Kibits is doing something different.


Bump Pay Lets You PayPal Someone Quick, But Only In-Person

Mar 29, 12:01PM

Bump Pay LogoNow it's as easy as a fist-pound to pay a friend back for dinner, drinks, or a cab. Bump, the popular contact sharing app developer, today releases a new standalone iOS app called Bump Pay that lets you transfer money via PayPal to anyone in arm's reach. But that's also Bump Pay's biggest limitation. Unlike Venmo where you send money to any phone number near or far, Bump Pay only works in-person. The standalone app comes from Bump Labs, Bump's experimental wing for trying out new features. Rather than risk complicating its 84 million-install flagship app right away, the developer will only bring money transfers to all its users if Bump Pay generates traction and delight.


Circl.es: Meet The Latest Dating Site That Uses Facebook To Help You Find Love

Mar 29, 11:08AM

Screen shot 2012-03-28 at 11.52.23 PMOnline dating is a hard nut to crack. First of all, it's a very personal process ported to a largely impersonal medium -- and then there's the creep factor. Next, it's a big business, but a small set of names dominate mindshare. Sure, with size and scale comes revenue, but it also brings less appealing byproducts like noise, faked pictures, lazy filtering, inadequate profiles, and the difficulty of judging actual interest from spam or "virtual winking". People have become more comfortable with the idea of dating online, but they don't want an experience that explicitly (and constantly) reminds them of what they're doing. Instead, eDaters want to avoid overexposure, and experience "newness" by going beyond their immediate social graph. Although it may sound counterintuitive, a new site launching today called Circl.es wants to give date seekers that feeling of newness by tapping into one of the most familiar platforms ... Facebook.


Confirmed: Canadian VC Firm OMERS Ventures Takes $20M Stake In HootSuite At $200M Valuation

Mar 29, 9:14AM

hootsuite logoAllThingsD has reported, and we have now confirmed, that OMERS Ventures, a Canada-based VC, has taken a $20-million investment in HootSuite, the social media management platform, valuing the company at around $200 million. The investment is a secondary one, and will be coming in the form of purchases of equity from HootSuite's existing shareholders. These include employees as well as existing investors. That list includes Blumberg Capital, Hearst Ventures, Geoff Entress and Millennium Technology Value Partners, who collectively have invested $4.9 million into the company: $3 million in debt and a $1.9 million capital investment.


Barnes & Noble Incorporates In Germany, Closest Sign Yet Of European Nook Launch

Mar 29, 8:02AM

barnes_and_noble_nook_tablet_1161200_g2Just as Amazon is launching a new versions of the Kindle in Europe (but not the Fire tablet, yet), one of its big competitors is taking one more step in its bid to enter the European market: Barnes & Noble has incorporated a new company, Barnes & Noble Digital Media GmbH, in Germany. B&N incorporated the German company on March 15, just around the time that the U.S. company came to London to promote the Nook to developers.


Developers Are Divided Over Adobe's Plan to Take Revenue Share For Higher-End Flash Games

Mar 29, 7:37AM

Screen shot 2012-03-28 at 10.19.40 PMDevelopers are at odds over Adobe's plan to charge a 9 percent revenue share for higher-end Flash games that make more than $50,000 in revenues. So today, Adobe announced a new set of features for developers who create very graphics-heavy games with the launch of Flash Player 11.2. It also unveiled a partnership with Unity Technologies, the Sequoia-backed company with a popular gaming engine that powers titles like Mika Mobile's Battleheart. This could bump up the overall quality of browser-based games, considering that the new version of Flash has powers to tap into hardware for rendering 3-D graphics. But if you read the announcement closely, Adobe reveals its plan to start charging a revenue share for high-grossing games. It affects developers who call two APIs: one that provides access to domain memory, and one that's for hardware acceleration.


RentSocial, Launching Today, Adds A Social Layer To The Rental Process [TCTV]

Mar 29, 5:00AM

Looking for an apartment is usually pretty simple: you go on Craigslist, find three apartments that look like they've been used to chop up beeves, and then move in with your buddy whose roommate made meth in the basement. At least that's how it worked for me a few years ago. Now, however, you have stuff like RentSocial. RentSocial is the front end for Yield Technologies property management systems. Yield, for example, makes a product called RentSentinel for property managers to handle renter rolls for large buildings. By plugging into this existing install base, Yield has been able to create a rental research site with real-time updates from each apartment complex, thereby allowing you to find other people who live in a complex you're looking at or, barring that, read reviews of places people have lived.


Box Adds Social Workflow Features To Improve Mobile Collaboration

Mar 29, 2:35AM

SocialWorkflow - Blog imageBox already made news earlier today with the launch of OneCloud, its suite of productivity applications that are accessible from mobile devices. But it wasn't done — the company also hosted the last stop of its World Tour in San Francisco, where CEO Aaron Levie demonstrated what he called a "reinvention" of collaboration on Box. These features fall under the umbrella of what Box is calling its Social Workflow. He argued that while there are plenty of social business tools, these innovations haven't made their way into content management systems, which he said are "stuck in time and not being updated to move to this post-PC era." The goal is to bring some of the innovations from social network into Box, and also to make the collaboration process work better on smartphones and tablets.


Joshua Schachter Launches Newest Tasty Labs Project, Skills.to

Mar 29, 1:52AM

Screen Shot 2012-03-28 at 6.23.19 PMFounder and investor Joshua Schachter has spent a great deal of time trying to solve the problem of not being able to easily find relevant things and people; initially with his first startup Delicious -- which he sold to Yahoo for a reported $30 million -- and now with his latest efforts at incubator Tasty Labs. Tasty Labs, which has $3 million in funding from Andreessen Horowitz and others, launched its first project (Jig) in August and has now come through with its second service, Skills.to.


Zynga Prices $515M Secondary Offering At $12 Per Share

Mar 29, 12:48AM

zynga-logoAs reported previously, social gaming giant Zynga is holding a secondary offering of its shares. The company just announced the pricing, which is $12 per share, for 42,969,153 shares. All of the shares will be sold by existing stockholders, says the company, and Zynga will not receive any proceeds from the sale of shares. Zynga revealed in an S-1 filing from last week that CEO Mark Pincus will sell 15 percent of his shares, and his voting power post-sale will go from 36.5 percent to 35.9 percent. Investors IVP, SilverLake, Union Square Ventures, Google, Reid Hoffman are also selling in the offering, as is board member Jeffrey Katzenberg. Owen Van Natta, General Counsel Reggis Davis, COO John Schappert and CFO Dave Wehner are selling shares as well.


Not All Markets Are Created Equal

Mar 29, 12:00AM

stock marketThe SEC recently concluded its investigation of the emerging market for pre-IPO shares of private companies, resulting in charges being brought against three market participants. I am proud to say that SecondMarket was not among those investigated or charged with wrongdoing. While the press focused on the SEC "cracking down" on the private company market, the investigation actually focused on wrongdoing that has existed in the securities markets for decades: broker-dealers using improper sales practices and charging inappropriate fees, and unregistered middlemen improperly acting as broker-dealers.


Dating App Yoke Hooks You Up Based On Amazon, Netflix, Spotify, And Facebook Data

Mar 28, 11:44PM

Yoke Dating SiteFinally, a dating site where you can find someone to actually date, not just sleep with. New dating app Yoke matches you with single friends of friends you're truly compatible with but who don't even need to be Yoke users. Yoke does this by comparing  you and their Facebook Likes and listening activity with datasets from Amazon, Netflix, Echo Nest, and a proprietary college graph. That lets Yoke show you potential dates because "you listen to Lil Wayne and she listens to Jay-Z", or "You went to Stanford and he went to MIT". It's got a dead simple Facebook app interface, and  lets you ask mutual friends for introductions. These all combine to give Yoke the power to challenge sites like OkCupid and succeed where strict matchmaking sites like Thread failed.


New Government ePayment Regulation Costs Small Business $10 Billion

Mar 28, 11:09PM

taxThe small business economy is suffering considerable harm from new regulations being enforced by the IRS this year. There's a new tax form that's causing this trouble for small business owners who collect ePayments and conduct eCommerce. The IRS Form 1099-K requires merchant processors and third-party payment processors, such as PayPal and Square, to report the income that individuals and small businesses were paid through their services to the IRS in 2011.  The IRS estimates that 53 million of these forms should have been sent for tax year 2011, making it the 10th highest volume tax form in it's first year of existence. That's a lot of small businesses being hit by the implementation of Internal Revenue Code Section 6050W.


Hitting 20M Downloads Across iOS Apps, Azumio Releases Sleep Time To Measure Your Zs

Mar 28, 11:06PM

Screen shot 2012-03-28 at 4.07.29 PMPalo Alto, Calif.-based Azumio isn't exactly a household name when it comes to mobile apps, so one might be surprised to learn that, collectively, their apps have pulled in over 20 million downloads. That's because Azumio is plugging away at building a suite of biofeedback apps that measure your heart rate, stress, and sleep. Azumio is tapping into a hot trend, as health devices and mobile apps are on the rise and have found eager users outside of the tech community. Companies and devices like Fitbit, Lark, Up, and more have found traction among consumers, but most of them involve external hardware that is worn while you sleep. That's why today Azumio is releasing an app appropriately called Sleep Time, which measures the quality of your sleep and provides you with an alarm clock -- without the extra hardware.


Kindle Fire Update Brings Sharing, Book Extras, Print Replica Textbooks To The Masses

Mar 28, 10:54PM

amazon-kindle-fire-tabletHey there, Kindle Fire owners -- Amazon's rolling out a brand new software update for you, and it packs quite a few worthwhile (and arguably overdue) tweaks for your budget-conscious tablet. Take sharing, for example. Oddly absent from the Kindle Fire at launch was the ability to share interesting snippets of text like its e-ink brethren, but that functionality has been added, along with the ability to tap into Amazon's people-powered Shelfari service for what the company calls Book Extras -- extra related information pertaining to the book a reader is poring through.


Have Money, Will Explore: Amazon's Jeff Bezos Aims To Recover Lost Apollo 11 Engines

Mar 28, 9:39PM

nasaf-1Amazon CEO Jeff Bezos has a knack for using his considerable net worth in interesting ways -- 10,000 Year Clock anyone? -- but for space buffs like me, one venture in particular takes the cake. In a new post on the Bezos Expeditions website, he announced that he and his team of savvy undersea explorers have located the Rocketdyne F-1 engines that helped propel the crew of Apollo 11 on their historic voyage to the moon in 1969.


House Shoots Down Legislation That Would Have Stopped Employers From Demanding Your Facebook Password

Mar 28, 9:07PM

facebook-privacy-1Well, that didn't take long. A proposed Facebook user protection amendment introduced yesterday in the U.S. House of Representatives has already been shot down. The legislation, offered by Democratic Congressman Ed Perlmutter, would have added new restrictions to FCC rules that would have prohibited employers from demanding workers' social networking usernames and passwords. The final vote was 236 to 184, with only one House Republican voting in support of the changes.


Mobile Ad Network Millennial Media Prices IPO At $13 Per Share

Mar 28, 9:03PM

screen-shot-2012-01-05-at-5-41-34-pm-11After setting a price range yesterday, mobile ad network Millennial Media has priced its IPO of 10.2 million shares of common stock at $13 per share. This is the high end of the range that Millennial reported yesterday, and values the company at $973.5 million. Millennial's shares will list on the New York Stock Exchange tomorrow morning under the symbol "MM." Millennial says that a total of 9.2 million shares are being offered by the company, and a total of 1 million shares are being offered by selling stockholders. Morgan Stanley, Goldman Sachs, Barclays, Allen & Company and Stifel Nicolaus Weisel are all underwriters for the offering.


YouTube Is Looking For The Next Vlogging Star

Mar 28, 8:25PM

youtube logoYouTube is announcing a new program to nurture the next generation of video bloggers. The Next Vlogger initiative is part of YouTube Next Creator — where, as the name implies, the site tries to find and mentor future YouTube stars. It already held similar programs for cooking and fitness, as well as nonprofits.


Could The Birdy Be The Word In Simple Expense Tracking?

Mar 28, 7:41PM

Screen shot 2012-03-28 at 3.50.14 PMWhen I was growing up, my dad had this yellow legal pad that sat right by the door. When he walked in at night, he wrote down numbers and codes. JCF - $12 JSM - $42 CCCl - $37 I didn't understand at the time, but the numbers were daily expenses (rounded up to the nearest dollar), and the codes were tags for which member of the family he was spending on, and the type of spending he was doing. Try as he might to teach me the way of the budget code, I just can't get in the habit. But you know what I'm in the habit of doing every day (no matter how grudgingly)? Email. And that's exactly what expense-tracking webapp The Birdy is banking on.



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