Top Items:
Steve / The Secret Diary of Steve Jobs:
Oh snap! Faceberg raises another $500 million — Word up. Hot on the heels of the big investment by the Borg only a few hours ago, Facebook has now landed another $500 million from two hedge funds in New York. At the same $15 billion valuation. It is on, people.
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MEETblog:
Facebook Rumors: Making Friends with More investors — Two hedge funds from New York have apparently jumped into the Facebook deal.We've got our ear to the ground to figure out who it is but each put in about $250 million—for $500 million total—at the same valuation as Microsoft Corp.
Peter Kafka / Silicon Alley Insider:
Facebook Raises Another $500 Milion — Forbes' Elizabeth Corcoran, reporting from the magazine's MEET Conference in L.A., says Facebook raised another $500 million yesterday in addition to Microsoft's $240 million. The money is supposed to have come from two NYC-based hedge funds …
Michael Arrington / TechCrunch:
Perspective: Facebook Is Now 5th Most Valuable U.S. Internet Company — Yesterday came news that Microsoft invested $240 million into Facebook, valuing the company at $15 billion. — How much is $15 billion? It's hard to understand how much money that really is.
Nick / Rough Type:
The "$15 billion" nonsense — So Microsoft, under fierce pressure, cuts a complicated deal with Facebook that, among other things, grants the software giant expanded rights to serve ads on the fast-growing social network and requires it to inject $240 million into Facebook's cash-strapped coffers …
Matt Asay / The Open Road:
Microsoft on Facebook: The internal memo from Kevin Johnson — Microsoft just bought a small stake in Facebook for $240 million (more than Facebook's 2006 revenues, which is interesting) on a $15 billion valuation. Kevin Johnson, president of Microsoft's Platform and Services Division …
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Sue Polinsky / Download Squad:
At the Top of Google — I haven't met two small business owners in a meeting where one doesn't ask how to get his or her site to the top of the Google search results list. There are transparent reasons for wanting to be first: you get more clicks, your business seems important …
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Robert Scoble / Scobleizer:
Reports of PodTech's demise are bull#### — It's amazing. A fake blogger, Fake Steve Jobs, reports that PodTech is closing down. This is total, 100% bull####. Not even deserving of a response. I'm not leaving PodTech. When, er if, I am you'll read it here on my blog.
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Dan Goodin / The Register:
More gnashing of teeth after Microsoft update brings PCs to a standstill — Resource-hogging search app sprung on reluctant admins — Something seems to have gone horribly wrong in an untold number of IT departments on Wednesday after Microsoft installed a resource-hogging search application …
Discussion:
All about Microsoft, Hardware 2.0, Sadjad's space, David, David Arno's Blog, Zoli's Blog and Slashdot
David Pogue / New York Times:
Apple Offers New Goodies in Leopard System — If you're a computer company, what on earth do you add to the sixth annual version of your operating system? — It's not as though there are any glaring holes left. Nobody is still crying out for a better way to organize photos.
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Walter S. Mossberg / Wall Street Journal:Leopard: Faster, Easier Than Vista
Discussion:
The Mac Observer, USA Today, Michael Gartenberg, CyberNet, eWEEK.com, David Schatsky, MacDailyNews, Hardware 2.0, Wired News, Gizmodo and Digg
Paul Stokes / Telegraph:
Oink founder: We're just like Google — An IT consultant suspected of operating one of the world's biggest pirate music websites from a Middlesbrough bedsit said he had done nothing wrong. — Alan Ellis, 24, was arrested on Tuesday as part of an Interpol-led operation to shut …
Stuart Elliott / New York Times:
Yahoo Executive Joins Nintendo — Nintendo of America is underlining its commitment to trying to broaden the market for video games beyond the traditional younger, male player by hiring a sales and marketing chief with extensive experience with mainstream brands.
Business Wire:
BEA Board Sets $21.00 Per Share Value Position — SAN JOSE, Calif.—(BUSINESS WIRE)—The Board of Directors of BEA Systems (NASDAQ: BEAS - News) today issued the following statement: — "We continue to believe that Oracle's unsolicited proposal to acquire BEA at $17.00 per share significantly …
Discussion:
Tech Trader Daily
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Bill Ray / The Register:
How many $$$s does Apple make from an iPhone? — Apple's figures came out on Tuesday, revealing that all is going well in Cupertino, but analysts crawling over the details are trying to work out if they reveal anything else besides - such as the revenue cut Apple is getting from every iPhone in use.
Discussion:
Bits
Martin LaMonica / CNET News.com:
Adobe Creative Suite 3 sales 'on fire' — People are taking a serious shine to Adobe Systems' Creative Suite 3. — Creative professionals are buying the most recent version of Adobe's flagship product, released in April, much faster than the previous suite, according to retail data compiled by NPD Group.
Discussion:
Macsimum News
