Internet & Media

Morgan Stanley to make price adjustments on Facebook trades

The Facebook IPO can now safely be said to rank among the sloppiest tech offerings in recent memory. In the latest installment of this "clusterzuck," Reuters has obtained an internal memo reporting that Morgan Stanley is ready to make price adjustments for retail customers if they paid too much during Facebook's debut as a public company last Friday.

The investment bank confirmed to Reuters the contents of the memo that, among other things, says that "all orders are currently being reviewed for best execution pricing." It also says that Morgan Stanley expects "there will be a number of price more

Zuckerberg cashes in $1.1 billion selling Facebook stock

Turns out, Mark Zuckerberg -- like all the insiders who sold shares into the IPO -- got a good deal.

Facebook's CEO has completed a transaction of the 30.2 million shares that he was slotted to sell, according a document filed with the SEC.

He sold them at $37.58 a share, netting him more than $1.2 billion. His price was just below the offering price of $38 because the underwriters take a cut. Zuckerberg had planned to sell the stock mainly as a way to pay taxes, according to the company's S-1 IPO filing.

Even more

Jury verdict: Android doesn't infringe Oracle's patents

SAN FRANCISCO--A jury today unanimously decided that Google did not infringe on two of Oracle's patents.

In the decision at the U.S. District Court of Northern California, the jury in the trial said Google did not infringe on six claims in U.S. Patent No. RE38,104 as well as two claims in U.S. Patent No. 6,061,520.

The verdict is a win for Google, and marks the end of the trial's second phase, which focused on the claims of patent infringement. Closing arguments in the case were made last week. After the decision, a more

Google speeds up iPhone and iPad search

Google just updated its iOS Google Search app (iTunes link). I have always preferred searching for Web content on the iPhone using Google's dedicated search app, compared to the search box built in to Safari. Now the experience is better.

The updated app focuses on speed -- both in terms of how quickly it runs (faster, especially autocomplete) and with a few user interface tweaks that make using it feel a lot better. On a mobile device, like my underpowered iPhone 4, these little things matter. For example, if you're viewing a page you got to from the more

Malware increases on all platforms, McAfee says

Malware increased significantly across several platforms in the first quarter, with PC malware reaching the highest levels in four years, according to a McAfee report released today.

The first-quarter report (you can read the full PDF below) also noted a huge increase in malware -- short for malicious software -- targeting the Android platform and a rise in Mac malware. The findings indicate total malware could reach the 100 million mark within the year, with the U.S. being the primary source of cyberattacks, according to a press release from McAfee.

McAfee said 8,000 total mobile malware samples were more

Silicon Valley big shots to pay $36,000 for dinner with Obama?

President Barack Obama will be the special guest at a dinner tonight in Silicon Valley that will cost attendees a sizable sum to brush shoulders with the commander in chief.

Details on the dinner party and how much it will cost attendees have been mixed. However, the event is scheduled to take place at the Atherton, Calif., home of Lisa and Doug Goldman, well-known Bay Area philanthropists. According to reports, attendees will pay $35,800 for a ticket to the event. The Mercury News reported earlier this month that President Obama's campaign will receive $5,000 of that contribution, more

Browser choice: A thing of the past?

Like to pick your browser? Beware, because new mobile devices threaten to stifle the competitive vigor of the market for Web browsers on PCs.

On personal computers running Windows, Macs, and Linux, you can pick from a variety of browsers, finding the best combination of user interface, performance, expansion, customization, and other attributes.

There are real differences between browsers, and the shifting share of browser usage shows that millions of people aren't content with whatever came with their computers. IE6 security flaws getting you down? Firefox to the rescue! Firefox seeming bloated? Chrome to the rescue! Chrome invading your more

Amazon Prime acquires access to Paramount films

Thanks to a new agreement with Paramount Pictures, subscribers of Amazon's Prime service will now get access to "hundreds" of films, including as "Mission: Impossible 3," "Braveheart" and "Mean Girls."

Sure, these are catalog titles that are long in the tooth and many of them have been in Netflix's library for some time. But the point is that Amazon continues to close the gap in regards to the amount and quality of films offered by Netflix, the top video-rental service on the Web.

NEW YORK--Tablets are on track to fundamentally change the computing landscape.

The handheld devices of various shapes and sizes will be in the hands of 34 percent of the U.S. population by 2016, predicts James McQuivey, principal analyst at Forrester Research.

"iPad will have the majority unless Apple takes its eye off the ball," he said, adding that no other consumer product has ever reached such a broad audience so fast.

Speaking here at PaidContent2012, McQuivey said part of the allure of tablets is that they are used for the majority of tasks they offer, ranging from browsing the more

Facebook, Zuckerberg sued over IPO

Last updated: 1:49 p.m. PT.

Facebook shareholders have sued the social network, CEO Mark Zuckerberg, and a number of banks, alleging that crucial information was concealed ahead of Facebook's IPO.

The lawsuit, filed in the U.S. District Court in Manhattan this morning, charges the defendants with failing to disclose in the critical days leading up to Friday's initial public offering "a severe and pronounced reduction" in forecasts for Facebook's revenue growth, as users more and more access Facebook through mobile devices, according to Reuters, which cited a law firm for the plaintiffs. (The case: more