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May 17, 2012, 7:30 PM
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Facebook Newsroom:
Facebook Announces Pricing of Initial Public Offering  —  Facebook (NASDAQ: FB) today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share.  The shares are expected to begin trading on the NASDAQ Global Select Market …
Lee Spears / Bloomberg:
Facebook Raises $16 Billion In Biggest Technology IPO On Record  —  Facebook Inc. (FB) raised $16 billion in the biggest initial public offering by a technology company in history, pricing the shares at the top end of an increased range.  —  The social network, led by 28-year-old Mark Zuckerberg …
Business Week:
How Mark Zuckerberg Hacked the Valley  —  In 2006, when he was 22, Mark Zuckerberg gave up writing computer code to focus on managing his rapidly growing startup.  Like Jim Brown retiring from football at 29 or E.M. Forster abandoning the novel in his forties, the prodigy who programmed …
Cathy Avgiris / Comcast Voices:
Comcast to Replace Usage Cap With Improved Data Usage Management Approaches  —  Today, the way people use video and access information has changed dramatically.  Four years ago, when we first instituted a broadband Internet data usage threshold, the iPhone had just been introduced …
Aaron Ricadela / Bloomberg:
Hewlett-Packard Said to Consider Cutting as Many as 25,000 Jobs  —  Hewlett-Packard Co. (HPQ) is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said.
Arik Hesseldahl / AllThingsD:
HP's Whitman to Announce Restructuring Plan Wednesday; 30,000 Jobs Targeted  —  The daunting task of restructuring Hewlett-Packard will begin in earnest next Wednesday when the company reports its quarterly earnings.  Sources familiar with the company's plans say that CEO Meg Whitman …
Ingrid Lunden / TechCrunch:
Schumer And Casey's Ex-PATRIOT Act: Details Of How They Plan To Get Saverin's $67M And More  —  Charles Schumer and Bob Casey, the two U.S. Senators behind the Ex-PATRIOT act — a proposal to go after early Facebook backer Eduardo Saverin and others like him that have renounced U.S. citizenship …
Nick Bilton / Bits:
Twitter Implements Do Not Track Privacy Option  —  It's no secret that Facebook is worth about $100 billion because it collected personal data about its users.  A lot of data.  —  Although Twitter tracks its users too — albeit in a much less aggressive way — the company has decided to take a different route.
Evelyn M. Rusli / DealBook:
Spotify Is Raising Millions in a Deal That Would Value It at $4 Billion  —  The mega funding rounds are back.  —  Spotify, the social music service, is in the process of raising hundreds of millions of dollars in a deal that would value the company at as much as $4 billion …
Brian X. Chen / Bits:
Verizon Clarifies: Unlimited Data Plans Will Die Slow Death  —  Verizon on Wednesday outlined its goals with shared data plans, and some news organizations incorrectly reported that it was killing unlimited data plans the instant that shared data plans were introduced.
Vlad Bobleanta / Unwired View:
What app problem?  Microsoft is developing a service to migrate all your Android apps to a new Windows Phone  —  According to a patent application filed in November 2010, Microsoft is working on a service that would let you migrate apps and app data between devices and even between different mobile operating systems.
Derrick Harris / GigaOM:
Scoop: Google, Microsoft both targeting Amazon with new clouds  —  Google is hard at work on a cloud computing offering that will compete directly with the popular Amazon EC2 cloud, according to a source familiar with Google's plans.  Not to be outdone, other sources have confirmed Microsoft …
Aamir Usman / Shoutpedia:
Apple is Filtering “Jailbreak” Term in the US iTunes Store  —  Apple is reportedly filtering the “Jailbreak” term from the iTunes items.  All the categories are affected with this filter including Apps, songs, albums, podcast episodes, and iTunes U episodes.
Kayla Tausche / CNBC:
Kayak Eyeing $150 Million IPO in Coming Weeks  —  Kayak Software is aiming to go public in the coming weeks, as the market for technology deals in particular could see a lift from Facebook's offering, according to people familiar with the deal.  —  Kayak first filed its IPO documents in November 2010 …
Reuven Cohen / The Digital Provocator:
Iran to Sue Google Over Dropping Persian Gulf Name From Map  —  In a move that shows just how powerful online mapping has become, the AP is reporting that Iran will sue Google over dropping the name of the Persian Gulf on GoogleMaps.  The action comes after Google intentionally left the body …
Jason Del Rey / AdAge:
Amazon to Sell Ads on Kindle Fire Welcome Screen — If You Have $600K  —  Amazon Seeks Big Money as It Brings Advertising to its Hottest Tablet  —  The Kindle Fire is Amazon.com's best-selling product, the company said in its first-quarter-earnings release.  And it's being treated that way by the Amazon ad sales team.
More: GeekWire and Business Insider.  Thanks:@learmonth
Ellen Nakashima / Washington Post:
White House's cybersecurity official retiring  —  The White House's cybersecurity coordinator said Thursday that he is stepping down at the end of this month after a 2 1 / 2-year tenure in which the administration has increased its focus on cyber issues but struggled to reach agreement …

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This is a Techmeme archive page. It shows how the site appeared at 7:30 PM ET, May 17, 2012.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Jennifer Maas / Variety:
In Q4, Disney added 4.4M Disney+ Core paid subscribers, reaching 120M in total, Disney+ Hotstar subscribers rose 1% YoY to 35.9M, and Hulu subscribers hit 52M

Alex Weprin / The Hollywood Reporter:
CEOs at Nexstar, Sinclair, and Tegna, plus some analysts, say they expect deregulation and consolidation in the broadcast TV industry under Trump's FCC

Todd Spangler / Variety:
Don Lemon, who sued Elon Musk and X after a deal fell apart, says he's leaving X on November 15, citing X's new ToS that moves legal disputes to Texas courts

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