On today's show, we're kind of down on Microsoft Office 365 and poor MySpace's future, but we feel a tiny bit positive about the overlapping circles of nerdiness that could be possible with Google's new Plus social networking beta. Also, find out what you love on Google, if you can, and see all the movies you want for $50 a month. Plus: our new favorite word! Philanthrodorks!Subscribe: iTunes (MP3) | iTunes (320x180) | iTunes (640x360) | RSS (MP3) | RSS (320x180) | RSS (640x360)… Read more
Pandora's high-profile initial public offering has turned into a nightmare as shares fell through the $16 pricing floor today.
The online radio company priced its IPO at $16 a share on Tuesday night. From there, Pandora rocketed north of $22 yesterday. (Shares closed at $17.42 yesterday.) That price turned out to be a sweet spot to short-sell Pandora. Shares today cratered 24 percent, closing at $13.26.
CNET's Declan McCullagh reports that Google's access point sniffing ways may also be slurping up Mac address information on mobile phones and laptops ... and can be used to track your information. This is sewious. Also, Pandora's IPO is bubblicious, we go deep inside the psychology of Apple's retail experience, and smell-o-vision coming to a TV near you. Geez, Tong, what are you eating!?Subscribe: iTunes (MP3) | iTunes (320x180) | iTunes (640x360) | RSS (MP3) | RSS (320x180) | RSS (640x360)… Read more
The most common iPhone passcodes are revealed on today's show (no, not by LulzSec), but Tong has a pager-callback suggestion for all of us. A proposal in Congress would force U.S. companies to actually tell us when they're hacked and our data is stolen (yes, please), and Rojadirecta becomes the people's hero in challenging the government's domain-name seizures. Go, Rojadirecta, go!Subscribe: iTunes (MP3) | iTunes (320x180) | iTunes (640x360) | RSS (MP3) | RSS (320x180) | RSS (640x360)… Read more
Facebook is likely planning an initial public offering for early next year, a new report claims.
According to a CNBC report, Facebook is eying a public offering of its shares in the first quarter of 2012. CNBC, citing people "familiar with the matter," said that shares of the world's largest social network will be offered based on a valuation of more than $100 billion.
CNBC reports that Facebook might be pushed into filing for an IPO because of a clause in the 1934 Securities and Exchange Act that requires private companies to release quarterly financial data when … Read more
Cafepress, the Web site that lets users create custom t-shirts, posters, and bumper stickers, plans to raise as much as $80 million in an initial public offering.
It's the latest in a string of public offerings for Web companies, fueling talk that another Internet bubble is filling with air. Last week, the daily deal site Groupon filed papers to raise money in an initial public offering. Speculation has swirled that Zynga will soon file to sell stock. And just last month, professional-networking site LinkedIn raised $352 million in its IPO.
Cafepress may be a bit different, though. First, it'… Read more
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
Pandora signaled today that its initial public offering was imminent, in a regulatory filing that placed the company's target price between $7 and $9 a share.
At the high end, the Internet radio company would raise nearly $142 million on the sale of 13.7 million common shares, according to the filing with the Securities and Exchange Commission. That's a 40 percent increase over the $100 million the company said it hoped to raise in its February SEC filing and would value the Oakland, Calif.-based company at between $1 billion and $1.4 billion.
Founded in 2000 … Read more
At D9, Windows 8 makes debut, and more (roundup) The gathering of tech CEOs and other bigwigs also puts the spotlight on Twitter's new photo-sharing service, Google's social-networking efforts, HP's WebOS ambitions, and then some. More
Zuckerberg calls Facebook contract a 'fraud' New York man's alleged contract and e-mails that supposedly give him 50 percent ownership of the social network are forgeries, new court filing from Facebook CEO Mark Zuckerberg claims. More… Read more
Groupon, helping to blow more air into the growing tech bubble, filed today for an initial public offering with the Securities and Exchange Commission.
The daily-deals company says it wants to raise $750 million and has hired Morgan Stanley, Credit Suisse, and Goldman Sachs as its bankers. That number can, and often does, change from the first IPO filing papers. And Groupon did not include information about the number of shares it intends to sell, which would give a valuation for the company itself. Some reports say Groupon could be valued at between $20 billion and $25 billion.
By comparison, … Read more