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7:45 PM ET, May 19, 2011

Techmeme

 Top Items: 
Leena Rao / TechCrunch:
LinkedIn Closes At $94 Per Share, With $8.9 Billion Market Cap  —  After opening to $83 per share and a market cap of $7.8 million, LinkedIn closed at $93.86 per share, giving the company a valuation of $8.9 billion.  Although the professional social network priced at $45 per share …
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Henry Blodget / SAI:
CONGRATULATIONS, LINKEDIN!  You Just Got Screwed Out Of $130 Million  —  The stock of social-network LinkedIn has had a heck of an IPO debut this morning, popping 90%+ above the IPO price.  —  That means folks like us get to write breathless stories about how much money investors are making and how everyone's partying like it's 1999.
Sam Gustin / Epicenter:
Red-Hot LinkedIn IPO Heats Up Tech Bubble Talk  —  (Updated at 4 p.m. EDT with closing stock price and commentary.)  —  LinkedIn went public Thursday and, as expected, soared in its debut.  But the social network for professionals outdid even the wildest expectations in what has become …
Ari Levy / Bloomberg:
LinkedIn's Founder, Biggest Backers Will Own $2.5 Billion Stake After IPO  —  LinkedIn Corp.'s founder Reid Hoffman and its three top venture backers will own a combined stake of about $2.5 billion after an eight-year wait for the first initial public offering by a major U.S. social-media site.
Liz Gannes / NetworkEffect:
SecondMarket Unseals LinkedIn Pricing Now That It's Public  —  Newly public LinkedIn, which is now pulling down something like 130 percent more than when it first became available, was until recently traded as a private company on secondary markets like SharesPost and SecondMarket.
Sinead Carew / Reuters:
Verizon to offer family data plans  —  (Reuters) - Verizon Wireless will offer family plans for data services supporting multiple devices including smartphones and tablet computers, according to a top executive of parent company Verizon Communications.  —  Verizon Wireless plans …
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Electronista:
Verizon reiterates iPhone 5 is dual-mode, due alongside AT&T
Jack Purcher / Patently Apple:
Whoa!  Apple Patent Confirms iTunes Cloud Media Services  —  In January we pointed to a possible HP music cloud service that could debut with their future TouchPad tablet due to their 3par acquisition.  Such a service had the potential of upsetting Apple's iTunes kingdom.
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Neil Hughes / AppleInsider:
Apple's cloud streaming could rely on small, locally stored song segments
Amazon.com:
Amazon.com Now Selling More Kindle Books Than Print Books  —  Kindle with Special Offers for only $114 is already the bestselling member of the Kindle family  —  (NASDAQ:AMZN)—Amazon began selling hardcover and paperback books in July 1995.  Twelve years later in November 2007 …
Riva Richmond / Gadgetwise:
Facebook's New Way to Combat Child Pornography  —  As online photo sharing has exploded so has, tragically, the distribution of child pornography.  But while the rise of the Internet and digital cameras have revived a scourge that had nearly been eliminated in the late 1980s, new technology may also help to beat it back again.
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Todd Bishop / GeekWire:
Facebook to use Microsoft's PhotoDNA technology to combat child pornography
Gartner:
Gartner Says 428 Million Mobile Communication Devices Sold Worldwide in First Quarter 2011, a 19 Percent Increase Year-on-Year  —  Apple, Samsung and HTC Reported Strongest Results in an Increasingly Smartphone-Dominated Market  —  Worldwide mobile communication device sales …
RELATED:
Electronista:
Gartner: Android hits 36%, just 1.6m Windows Phones sold
Matt Brian / The Next Web:
Internet Explorer emerges as only browser not vulnerable to huge memory leak  —  The developer teams at Microsoft may have something to smile about this morning after it has emerged that the company's Internet Explorer browser is one of the only modern web browsers that is not susceptible …
Discussion: Web Browser
Matt McGee / Search Engine Land:
Google, Smartphone Contacts & Social Graphs: Has Eric Schmidt Crossed The Creepy Line Again?  —  Things have been a little quiet — perhaps even boring — since Eric Schmidt stepped down as Google's CEO to become the company's Executive Chairman.  The strange quotes and not-so-funny attempts …
Ina Fried / Mobilized:
Qualcomm Bringing Augmented Reality Software Kit to the iPhone  —  Although its chips don't power the iPhone, Qualcomm has decided to bring its augmented reality software kit to Apple's phones in an effort to make it more attractive to developers.  —  Qualcomm released free software tools …
Discussion: AppleInsider, 9 to 5 Mac and MacRumors
Trevor Mogg / Digital Trends:
Apple causes ‘religious’ reaction in brains of fans, say neuroscientists  —  In a recently screened BBC documentary, UK neuroscientists suggested that the brains of Apple devotees are stimulated by Apple imagery in the same way that the brains of religious people are stimulated by religious imagery.
Ed Bott / Ed Bott's Microsoft Report Blog:
Apple to support reps: “Do not attempt to remove malware”  —  Apple is actively conducting an internal investigation into the Mac Defender malware attack I wrote about yesterday (here and here).  An internal document with a Last Modified date of Monday, May 16, 2011 notes that this is an “Issue/Investigation In Progress.”
Staci D. Kramer / paidContent:
Breaking: Liberty Media Offers Nearly $1 Billion For Barnes & Noble  —  Bankrupt Borders needs a sale the most but Barnes & Noble (NYSE: BKS), which put itself in play last August, is the book retailer with a serious suitor—and they don't come much more serious than John Malone.
Discussion: Tech Trader Daily, Reuters and @eldon
Amir Efrati / Wall Street Journal:
‘Like’ Button Follows Web Users  —  Internet users tap Facebook Inc.'s “Like” and Twitter Inc.'s “Tweet” buttons to share content with friends.  But these tools also let their makers collect data about the websites people are visiting.  —  These so-called social widgets …
Stacey Higginbotham / GigaOM:
Exclusive: A First Look at AT&T's LTE Network  —  Yesterday, I took a tour of AT&T's Foundry space in Plano, Texas.  I interviewed Jon Summers, SVP of application and service infrastructure at AT&T, with other reporters, to try to understand the shift AT&T is making in how it approaches buying goods …
Discussion: Engadget and Gizmodo, Thanks:gigastacey
Matt Rosoff / SAI: Silicon Alley Insider:
Netflix Is On A Hiring Spree For Big Europe Push  —  Netflix is staffing up for a big European push as soon as the second half of 2011.  —  Netflix CEO Reed Hastings said back in December that the company would consider expanding to Europe and Asia once the results of its Canadian operation, which it launched last fall, became clear.
Discussion: Electronista
Jay Greene / CNET News:
Scoop: Microsoft closes consumer skunkworks unit  —  A little more than three years after opening Pioneer Studios, a skunkworks operation to develop consumer electronics and experiences, Microsoft has closed the unit, CNET has learned.  —  Pioneer was the brainchild of J Allard …
Discussion: SAI and Electronista
Chris Morris / Gamasutra:
Sony Tells Dev Partners PlayStation Store To Return May 24  —  Barring any additional problems, Sony plans to bring the PlayStation Store back online next Tuesday, May 24, according to a memo sent to Sony's game developer and publishing partners.  —  The company has sent a tentative publishing schedule …
Todd Haselton / BGR:
Verizon Wireless lights up 4G LTE in nine new markets, expands footprint in five cities  —  Verizon Wireless on Thursday confirmed that its 4G LTE network is now available in Mobile and Montgomery, Alabama; Greater Fairfield and New Haven, Connecticut; Gainesville Pensacola and Tallahassee Florida …
John Paczkowski / Digital Daily:
China Mobile's Four Million iPhone Users Still Waiting for Official Apple Deal  —  Five years after beginning talks with Apple, China Mobile, China's largest wireless phone operator, is still negotiating to add the iPhone to its smartphone lineup.  It's been slow going, to be sure, but some progress has been made.
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 More Items: 
Tiernan Ray / Tech Trader Daily:
Salesforce Jumps 8% On FYQ1 Beat; Q2, Year View Tops Estimates
Edwin Chan / Reuters:
Symantec buys Clearwell for $390 million
Discussion: Xconomy
Arik Hesseldahl / NewEnterprise:
Read Léo Apotheker's “Tough Quarter” Memo in Full
Discussion: SAI
Sarah Perez / ReadWriteWeb:
63% of Younger Generation Eager for NFC & Mobile Payments
Jim Dalrymple / The Loop:
Lawsuit claims AT&T overcharges iPhone data users up to 300%
 Earlier Items: 
Zach Epstein / BGR:
Google to acquire Modu patents for $4.9 million
Robin Wauters / TechCrunch:
Khosla Ventures Is Raising, Like, A Billion Dollars
Discussion: VatorNews and GMSV
Mike Masnick / Techdirt:
Bezos: Attempts To Collect State Sales Tax On Amazon Sales Is Unconstitutional
Todd Haselton / BGR:
Samsung Galaxy Tab 10.1 pre-orders start at $499.99
Discussion: IntoMobile
Matt Warman / Telegraph:
Google warns against facial recognition database
 

 
From Mediagazer:

Alex Sherman / CNBC:
Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate

Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

John Gruber / Daring Fireball:
Substack, very deliberately, tries to have it both ways by saying publications on their platform are independent while presenting them all as parts of Substack
 
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