Political donors and Facebook’s IPO
With social network giant Facebook officially gearing up for its initial public offering, the company’s top executives and largest investors are poised for a historic windfall.
Web-sitesPolitical donors and Facebook’s IPOWith social network giant Facebook officially gearing up for its initial public offering, the company’s top executives and largest investors are poised for a historic windfall. Zynga shares soar on Facebook IPOThe social-gaming company’s stock has risen by more than 14 percent at times, as investors responded positively to the company’s strong ties with Facebook. Facebook could be worth $200BFacebook has defined the social era of computing–and the companies that defined the previous eras of computing each command market values of $200 billion or more. Facebook should get there, too. Sparkology: a dating website for graduates of elite universities onlySparkology was started to help the smart, reserved, hopeless romantic guy win. This new invite-only online dating site allows only college graduates to join and the men are held to an even higher standard — all must be verified graduates of U.S. News & World Report’s top 50 universities. Google defends change to privacy policyPlanned changes to Google Inc’s privacy policies that have caught the attention of U.S. lawmakers would not take away the control its customers have over how data is collected and used, the company said in a blog post on Tuesday. Facebook to file $5 billion IPO todayFacebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO. Twitter will selectively ‘censor’ tweets by countryTwitter has announced that it now has the technology to selectively block tweets on a country by country basis. Google’s broken promiseGoogle announced that it will begin tracking users universally across all its services—Gmail, Search, YouTube and more—and sharing data on user activity across all of them. Storage sites unnerved by Megaupload shutdownThe arrest of Megaupload’s founders has led to other file storage sites taking action in an apparent attempt to protect themselves from legal action. Megaupload is shut downMegaupload, one of the internet’s largest file-sharing sites, has been shut down by officials in the US. The site’s founders have been charged with violating piracy laws. |