Regulators, investors turn up heat over Facebook IPO
(Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange. Facebook shares closed 8.9 percent lower at $31, following an 11 percent plunge on Monday. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week. ...
ION Air Pro Takes on the Action-Camera Competition
The mobile action cam market isn’t new; just look at companies such as GoPro and Contour HD. But Giovanni Tomaselli thinks it’s just about time for a new player. Founder and CEO of ION, Tomaselli is launching a new camera today: the ION Air Pro...
WATCH: Baby Penguin Reacts to First Sight of Human
Humans love to line up in front of the glass walls at penguin zoo exhibits, staring at the antics of the black-and-white, two-legged creatures. But what about when the tides are turned, when penguins get a chance to meet the strange humans, observing them...
Facebook told analysts to cut forecasts before IPO
(Reuters) - As Facebook Inc officials traveled the country to talk up the company's $16 billion initial public offering, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, according to people with direct knowledge of the matter. The advice came around May 9, the day the company published an amended prospectus that included a cautionary note about how Facebook's users were increasingly using mobile devices, which generate less advertising revenue for the company. ...
Microsoft sees Windows 8 as ‘rebirth’
Microsoft is betting big on its upcoming Windows 8 operating system, which looks to bridge the gap between smartphones, tablets and desktop computers. Microsoft CEO Steve Ballmer on Tuesday called the operating system a “rebirth” of the Windows brand and described it as the ”deepest, broadest and most impactful” Windows software ever created, Agence France-Presse reported. “It’s really, in some senses, a dawning of the rebirth of MS Windows… It’s certainly the most important piece of work we’ve done,” he said at a forum in Seoul, South Korea, adding that an estimated 500 million users will have Windows 8 on next year. The CEO went on to promise the “best economic opportunity” for device makers and app developers who adopt the
Can Windows 8's Apps Beat the iPad's?
USA Today, American Airlines, Slacker and others have made beautiful Windows 8 apps.
