Pakistan briefly bans Twitter access for "blasphemy"
ISLAMABAD (Reuters) - Pakistan banned access to Twitter on Sunday because of "blasphemous" material, a Pakistani official said, but normal service was resumed after 12 hours. The government did not specify which users or messages had prompted the ban on the microblogging site or why it was allowed to operate again so quickly. Any representation of the Prophet Mohammad is deemed un-Islamic and blasphemous by many Muslims, who make up the overwhelming majority in Pakistan. ... Facebook snaps up social gifting app Karma
Facebook is very busy. The social networking company just had its initial public offering on Friday, made news earlier this month when it paid $1 billion for social photography app Instagram, and just acquired another notable app: Karma (also available on Android). Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources
 SINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc., two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...
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 Facebook Down 8% in Early Morning Trading
They can't blame Nasdaq this time.
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