But it didn't go on for long in the case of David Einhorn's high-profile hedge fund, Greenlight Capital, which today dumped an investment it made earlier this year in Yahoo on high hopes of the value of the Internet giant's stake in China's Alibaba Group.
Facebook scams and viruses grow by the day, so it's no surprise scammers are taking advantage of the new video calling feature.
Sophos' Naked Security blog reports that the newest Facebook scam makes Video Chat look like an application called Video Call, as seen in the screenshot below. That, in turn, tricks users to be "easily convinced to approve the application to have more liberal permissions."
However, there are a few more noticeable problems with the permissions request if one actually takes the time to read. After all, why would an app that comes directly from Facebook … Read more
LivingSocial, one of the major players in the social-buying sector, has hired JPMorgan Chase, Deutsche Bank, and Bank of America Merrill Lynch to oversee the company's upcoming initial public offering, The New York Times reported Friday.
According to the Times, LivingSocial managers have discussed in meetings with the bankers the possibility of raising $700 million to $1 billion in the stock sale. That would give the company a value of $10 billion to $15 billion.
If you're wondering what "social buying" is or if that sounds like a catchphrase left over from the previous bubble era, you're not alone. The company is one of Groupon's biggest competitors, another one of these deal-of-the-day services that offers discounts to users. LivingSocial is just one of the many tech start-ups preparing to test the public markets.
There's a lot of skepticism that many of the companies that have filed for IPOs or are considering them--including LinkedIn, Pandora, and Groupon--can justify their lofty valuations. Groupon has already filed for an IPO and the Times reports that the company's valuation may be as high as $30 billion.
What might add some credibility for the social-buying sector is that Googleand Facebook are competing there now.
Some of the other companies that have gone public or are reportedly considering one include HomeAway, Active Network, Skype and Trulia. … Read more
Good news for Google Apps users: your pleas to get access to Google+, the search titan's latest foray into social networking, have been heard.
In a public-facing note on the service yesterday, Google's president of enterprise, Dave Girouard, said that the company is working to make Google+ available to Google Apps users. Google Apps is Google's customizable version of the company's various productivity services including Gmail, Calendar, Talk, Docs and Groups.
"Sorry for the delay," Girouard wrote. "We need to do it right!"
No estimate was given for how long it will … Read more
Open-Xchange, a company making open-source software for e-mail and other collaboration tasks, released a tool today to help people migrate extract contact information their Facebook friends have shared.
"The cloud needs to be open--just as source code and data protocols needed to be open to create the Internet. With more and more data moving into and being created inside the cloud, this data needs to be owned by the creators, not the services," Open-Xchange Chief Executive Rafael Laguna said in a blog post explaining Open-Xchange's tool.
Too busy to keep up with the tech news? Here are some of the more interesting stories from CNET and elsewhere for Thursday, July 7.
News of the World is shutting down in the wake of allegations that newspaper representatives hacked the phones of news subjects, including a missing teenager, Milly Dowler, who was later found dead. It was also revealed this week that relatives of British troops killed in Iraq and Afghanistan may have also been targeted. The hacking cases at the paper have previously involved politicians and celebrities, including actress Sienna Miller, who pocketed $160,000 in an … Read more
eBay announced today it has agreed to acquire mobile payments provider Zong for $240 million in cash to bolster its PayPal platform and reach.
Zong provides a mobile payments platform that facilitates carrier-direct billing for digital goods and services. Users pay for their purchases by entering their mobile phone number and payment is billed to the customer's wireless service account.
The Menlo Park, Calif.-based company helped develop Facebook Credits and has partnered with many of the social gaming and virtual worlds' biggest companies, including Zynga, IMVU, Walt Disney's Playdom, and IAC's Zwinky.
It looks like YouTube is going slicker, simpler, and darker. Take a look at the experimental redesign rolled out today. Dubbed "Cosmic Panda," it boosts the old, cluttered, entirely-too-white video portal into the realm of contemporary Web design in many ways. It's about time, but I'll take it--it's pretty good.
Videos and thumbnails are easier on the eyes, controls are more intuitive, and you can do more channel customization.
Videos are set against a dark background to lower the contrast between the page background and video content. Thumbnails are bigger, and on playlists they show up immediately below the playing video. Videos come in three sizes rather than two, plus full-screen. And the Like, Add to, and Share buttons are visually set off from the video controls to cleanly separate viewing from organizing.… Read more
A partnership announced today between big entertainment companies and some of the nation's largest Internet service providers will not mean the end of online piracy. To be sure, the parties involved know this.
The most savvy tech users and dedicated file sharers will continue to pirate content and perhaps there isn't any way to stop them. But the hope of Hollywood film studios and the four largest record companies is that the participating ISPs, which include Comcast, Cablevision, Verizon, and Time Warner Cable, can help discourage mainstream Internet users from sharing content illegally over the Web.
British tabloid News of the World is shutting down as a result of allegations that representatives of the newspaper hacked into phone accounts of news subjects, including celebrities, politicians, and a murder victim, and made payments to police.
The tabloid, which has more than 2.6 million subscribers, will shut down after Sunday's issue, the company said in a statement issued today.
Meanwhile, former News of the World Editor Andy Coulson, who resigned in January as communications director for British Prime Minister David Cameron over the phone hacking scandal, was asked to appear for questioning at a London police … Read more