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 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. ...
Facebook and others simplify Android game distribution It seems everyone wants to make Android app installs easier than ever, and that especially goes for games. After Amazon revealed their Test Drive feature for trying Android games before you make a purchase, Facebook is offering more details on their plans for making Android game installs as convenient as possible. Already redirecting a user to the Google Play marketplace link when accessing a game through their mobile App Center, Facebook will also add a “Send to Mobile” button on the browser version. ... SAP to buy Ariba for $4.5B, extending cloud push Business software maker SAP AG on Tuesday said it will buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion. Target and Shopkick Launch Nationwide Loyalty Gift Card Program Target is expanding its partnership with Shopkick, a mobile couponing app that allows shoppers to collect and exchange points for rewards.
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