Pandora has increased its initial public offering price.
The streaming-music provider filed a document with the Securities and Exchange Commission today, indicating that it would be offering its shares for between $10 and $12 when they hit the New York Stock Exchange under the ticker "P." The company previously announced that it would offer its shares in the range of $7 to $9.
Pandora, expected to go public soon, will register nearly 16.9 million shares with the SEC, including over 2.2 million that underwriters can purchase to cover over-allotment after the stock goes on sale. All … Read more
Apple's new beta version of iOS 5 has been jailbroken for the second time this week, now opening the door for users to jailbreak their iOS 5 devices using the latest version of the popular Redsn0w tool.
In a blog post today about the new jailbreak, the iPhone-dev Team, a group of hackers that target Apple devices, announced that it has released a tethered redsn0w jailbreak for iOS 5.
As with the group's first jailbreak of iOS 5 earlier this week, the redsn0w jailbreak will let users install Cydia, which allows them to use apps unapproved and unsanctioned … Read more
Wireless carriers could face some serious trouble if emerging trends in text messaging continue, a new report from the Wall Street Journal contends.
Citing a recent study from the CTIA, the Journal pointed out that 1 trillion text messages were sent in the U.S. during the second half of 2010. That number, while impressive, was up just 8.7 percent compared to the first half of 2010, representing the smallest gain ever in SMS use.
For the top two carriers in the U.S., Verizon and AT&T, things are even more disconcerting. According to Journal, the average … Read more
In an effort to get more developers on board, Microsoft has unveiled a tool designed to help Android developers port their apps over to Windows Phone.
In a blog post yesterday, Microsoft cautioned that there's no "magic wand" for Android developers that can automatically port their apps to Windows Phone. But the company is hoping that a new API tool, white paper, and other technical resources can take some of the pain out of the process.
Chromebooks from Samsung and Acer are now available for preorder, Google has confirmed.
Google said via Twitter yesterday that consumers hoping to get their hands on the lightweight computers can preorder them on Amazon and Best Buy. However, while Amazon currently has several Chromebooks available for preorder, Best Buy's listing of Chromebooks on its Web site says only that the devices are "coming soon" and does not allow users to order them from their individual pages.
Neither Best Buy nor Google immediately responded to request for clarification.
With apologies to Jon Bon Jovi, Google's latest doodle has seen a billion faces and rocked them all.
With the launch yesterday of its doodle honoring musician and electric-guitar innovator Les Paul, Google created the world's largest jam session by giving everyone on the Web a playable and recordable guitar. And by the looks of things, everyone was getting their Jimmy Page on.
As of this writing, Web guitarists have posted nearly 4,000 recordings of their musical efforts to YouTube. That apparently struck a chord with Google, which announced this evening that due to popular demand, it … Read more
Have you ever seen "The War of the Roses"? This was a movie in which a husband and wife participate in a considerable amount of divorce drama.
Somehow, this movie comes to mind when I hear that police have now dropped the charges in a case I wrote about yesterday involving a wife, a husband, and a fake Facebook profile.
Should you not like to click on links, let me give you the short version: estranged wife creates a fake Facebook profile for a teenage girl called Jessica Studebaker. Husband befriends fake teenage girl on Facebook. He allegedly … Read more
Thanks to digital technologies, we have more media sources than ever to get our news from, but when it comes to covering town halls, school boards, courts, and other local news, they mostly suck.
That's the takeaway message (though definitely not in those words) in a behemoth of a report (PDF) released Thursday by the Federal Communications Commission.
The 460-plus page report, titled "The Information Needs of Communities: The Changing Media Landscape in a Broadband Age," is two years in the making and was led by Beliefnet co-founder and former U.S. News and World Report National Editor Steve Waldman.
If forced to sum up the entire report in a single tweet, it would probably be "The Internet has revolutionized how we gather and consume information, but meanwhile local news has been damn near suffocated." Or, as Waldman and company put it on page 262:
There were about 13,400 fewer newspaper newsroom jobs in 2010 than there were in 2006, dropping from 55,000 positions to about 41,600. Over the years, newsmagazines, local commercial radio, and local TV have reduced their newsgathering staffs, as well. At the same time, Internet sites, cable news, and public radio have created new journalism jobs.
So, the Net picked up the slack for the shrinking old media then, right? Not so, says the report. It goes on to estimate that there are roughly 5,000 less reporters covering local "accountability" beats today than there were in 2000, and even back then there weren't nearly enough to cover everything. All told, the report estimates that the number of local beat reporters would need to be more than doubled to do the job right, at a total cost of about $1.6 billion--or $265 million if we just wanted to get back to 2000 levels.… Read more
Google's full employment program for antitrust regulators continues: the search giant is in the final stages of a deal to purchase ad tech company AdMeld. Like other recent Google purchases, this deal will automatically generate scrutiny from Washington before it can formally close.
That's both because of the size of the deal--around $400 million--and because the purchase deals with a sector that Google already dominates--display ad sales.
AdMeld is one of a handful of big ad optimization platforms that work on behalf of publishers by trying to get the best prices for their inventory from a variety of … Read more
The cost of advertising on Twitter has increased roughly five-fold since the social-microblog-whatchamacallit service started offering "promoted trends" a little over a year ago.
In an interview with the marketing site Clickz published this week, Twitter director of revenue Adam Bain says the cost of a promoted trend is now $120,000 per day, up from $25,000-$30,000 when Twitter launched the service in April 2010. Bain says over that time, Twitter has worked with more than 600 advertisers on more than 6,000 campaigns. That's decent growth for an ad service that launched with just 6 clients.
Big-name clients include the likes of Virgin, HBO, Samsung, JetBlue, and others. In addition to promoted trend slots, which appear on the right side of any Twitter user's home page, Twitter also offers promoted accounts and promoted tweets, but those are sold through an auction system, and--in the past at least--use a pay-per-click or pay-per-follow system. Recently, Bain says, Twitter has started asking for advertisers to spend a minimum of $15,000 over a three-month period.
If Twitter managed to get at least that $15,000 for each of its 6,000 campaigns (and to be clear, no one says they have, but humor me), that's a cool $90 million, or enough to buy at least two more Tweetdecks. Add in revenue from promoted trends and take into account some of Twitter's deep-pocketed, top-tier advertisers, and there's probably plenty more where that's coming from, and maybe even enough to buy stock in Facebook when it finally goes public.… Read more