In today's show, Facebook shareholders are fuming, Windows Phones need updating and Prime subscribers are streaming:
The latest mess in Facebook's IPO
Facebook and several banks have been slapped with a lawsuit, accused of hiding some details about revenue estimates days before the stock went public. The charge is this: Facebook spoke with select analysts about additional information on revenue expectations than what was disclosed in amended filings. Smaller investors are upset they were left out of the loop, and say they lost money because they didn't know the full picture. But even if Facebook did give extra info to analysts, it's not clear that this is illegal. The lawsuit targets Mark Zuckerberg and investment banks like Morgan Stanley, Goldman Sachs, JPMorgan, and units of Bank of America and Barclays.
Amazon Prime just increased its video streaming content. Amazon is getting hundreds of films from Paramount Pictures. The titles are a bit stale, like Mission Impossible 3, Braveheart and Mean Girls, but it shows Amazon is continuing to step up its game and competiting for content against Netflix. Amazon Prime is a membership program that costs $80 a year, and gives customers perks like free two-day shipping.
If you own a Windows Phone, you better update to the 7.5 operating system, or else you won't be able to download any more apps. Most Windows phones are already running 7.5, which was released last fall.
If you're worried about the risks of renting your room through Airbnb, the site will now cover hosts for up to $1 million in damages from renters. (It was previously covering hosts for $50,000 in damages.) But it doesn't cover stolen cash, collectibles, rare artwork, jewelry, pets and personal liability. Airbnb had its reputation bruised last year after a host's home was ransacked and vandalized by a renter.
QR codes are quite easy for anyone to make. But before scanning mysterious codes from unknown sources, it would be smart to download a QR code scanner from Symantec called Norton Snap. It's a free app for both Apple and Android devices. It will check the link in the code and provides users with a safety rating and details about website.
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