Saverin dumps US citizenship ahead of Facebook IPO Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship, a move expected to save him hundreds of millions of dollars in taxes stemming from the company's impending initial public offering. Pinterest Raising $120 Million to Fund International Expansion [REPORT] Pinterest is raising $120 million in a funding round expected to be announced Thursday or Friday morning, according to multiple sources. The investment, Pinterest's third, places the two-year-old social bookmarking site's valuation in the range of $1 billion to $1.5 billion. Sprint won’t turn a profit on the iPhone until 2015
Sprint’s costly $15.5 billion gamble on Apple’s iPhone won’t pay off until 2015, according to CEO Dan Hesse. At that time, however, the iPhone will be “quite profitable,” and the company is “very happy” with the deal despite conflicting reports, AllThingsD said. Hesse sees the iPhone as a long-term investment that will slow subscriber defections and attract new customers. “We believe in the long term,” the CEO said. “And over time we will make more money on iPhone customers than we will on other customers.” Sprint sold 1.5 million iPhones in the first quarter of 2012, and while the number doesn’t approach AT&T or Verizon’s sales, 44% of Sprint’s iPhone sales were made to new customers. Read
The next digital image revolution?
Despite the explosive innovation around digital picture-taking, the end result has actually changed very little. A photo is still a photo. And a poorly focused photo is still as bad as ever. Ren Ng aims to fix that.
First Meteor Shower of 2012 Dazzles The Quadrantid meteor shower, the first major show of shooting stars in 2012, peaks in the hours before dawn on Wednesday. The best seeing should be after the moon sets around 3 a.m. Astronomers say you may see 60-200 shooting stars per hour if the weather is clear.
  Can Windows 8's Apps Beat the iPad's? USA Today, American Airlines, Slacker and others have made beautiful Windows 8 apps.
 
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