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Nasdaq ready to compensate Facebook IPO investors

It looks like Nasdaq has a plan to compensate Facebook investors for losses incurred as a result of technical glitches that dogged the company's IPO.

The stock exchange plans to submit plans tomorrow with the Securities and Exchange Commission that will outline its first steps to makes up for losses suffered by banks and trading firms, sources familiar with the matter told The Wall Street Journal (subscription required). Collective losses have been estimated by some to exceed $100 million.

CNET has contacted Nasdaq for comment and will update this report when we learn more.

Nasdaq officials had previously expressed regretRead more

Traverse the galaxy in search of fortune

Galaxy on Fire is a 3D space combat and exploration game that was a lot of fun at its release in early 2009, but has since been eclipsed by other games in performance--especially its super-polished (and super-fun) sequel, Galaxy on Fire 2, which delivers exponentially on the promise of this original game.

The core of Galaxy on Fire 3D is space combat, and the game excels at providing an immersive, responsive aerial shooter (almost as good as its sequel), in which you can use touch or tilt controls to weave through pitched outer-space dogfights. The game also has some light … Read more

The 404 585: Where we're having a 4G with the HTC Evo (podcast)

Three's a crowd and four's a party, but what do you call five tech geeks and an HTC Evo in a frozen meat locker? We'll just call it a 4G (pronounced fourgie) until we come up with something better. It's officially time for another Natali Del Conte Thursday, but we also have CNET smartphone expert Bonnie Cha in the studio to tell us all about her full review of the HTC Evo 4G from Sprint.

Bonnie just got back from a short trip to Philadelphia to test out Sprint's 4G network, since the limited coverage … Read more

Daily Tidbits: Beatles songs now available for free

Beatles fans can now download the Fab Four's tracks legally for free. But there's one catch: they can only do it by subscribing to, and downloading, a podcast from Norwegian Broadcasting. According to a deal inked by the organization late last year, Norwegian Broadcasting can offer podcasts containing music as long as no more than 70 percent of the entire duration of the show contains music. Using that to its advantage, the organization has started offering daily podcast episodes that feature a three-minute discussion about an individual Beatles track and the actual recording of that track subsequent to … Read more