Where are Facebook's friends? Stock down after IPO

FILE - In a Friday, May 18, 2012 file photo, curious bystanders watch through the Nasdaq windows as Facebook shares begin trading, in New York. Facebook's stock is sinking nearly 7 percent, Monday, May 21, 2012, falling below the $38 IPO price, in the social network's second day of trading as a public company. (AP Photo/Richard Drew, File)Facebook was supposed to soar. Instead, it plunged.



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Yahoo's $7.1B deal with Alibaba offers ray of hope

FILE - In this Aug. 11, 2005, file photo, a man walks past a screen displaying the Yahoo and Ali Baba.com logos before a joint news conference by the companies at the China World hotel in Beijing. Yahoo announced that it has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. (AP Photo/Elizabeth Dalziel, File)After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.



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Web series touts funky concept snowboards

Signal Snowboards bass guitar modelIn the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel?s ?How It?s Made? ? except with a lot more sass and a funkier setting.



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Apple being offered free rent just to open up stores

Apple Stores are increasingly seen as a sign of affluence, a sign that a neighborhood "has arrived." It turns out that some cities are more anxious to arrive than others, offering Apple sweetheart deals to open new stores ? deals ? Continue reading ?
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This exoplanet could be slowly evaporating until there?s nothing left

In a system 1,500 light years away from us, there may be a world so hot that its surface could have started evaporating, forming a tail of gas and dust escaping into space. Worlds end usually because their parent stars ? Continue reading ?
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'My Last Wish' Is a Social Network Based on Death

A new social network has an interesting premise: connecting people around the world based on what they want to do before they die.
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Google aiming to close Motorola deal by Wednesday

Google is planning to complete its $12.5 billion acquisition of cell phone maker Motorola Mobility Holdings before Wednesday.
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Cable cos to share access on 50,000 Wi-Fi hotspots

Cable TV companies are trying to give their customers another reason not to cancel their service: better access to Wi-Fi hotspots.
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Court won't reduce student's music download fine

FILE - In this July 30, 2009 file photo, Joel Tenenbaum, from Providence, R.I., poses outside federal court in Boston, after taking the stand in his defense in his copyright-infringement trial. On Monday, May 21, 2012, the U.S. Supreme Court refused to hear an appeal from Tenenbaum, who was successfully sued by the Recording Industry Association of America for illegally sharing music on peer-to-peer networks. In 2009, a jury ordered Tenenbaum to pay $675,000, or $22,500 for each song he illegally downloaded and shared.(AP Photo/Bizuayehu Tesfaye, File)A former Boston University student who was ordered to pay $675,000 for illegally downloading and sharing 30 songs on the Internet says he will continue fighting the penalty, despite the Supreme Court's refusal Monday to hear his appeal.



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EU gives Google 'weeks' to ease antitrust concerns

The European Union has given Google "a matter of weeks" to propose remedies to antitrust concerns arising from its alleged dominant position in the online search market.
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Unleash your hidden DJ potential with the Turntable.fm Android app

Have you always dreamed of being a DJ? Well, even if you thought becoming a spin master just was not in the cards for you, you might just change your mind when you witness the free Turntable.fm app for Android. It?s a social music app made for getting the party started on your mobile device. You can unleash your inner DJ to entertain your online fan club.
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Where are Facebook's friends? Stock down after IPO

FILE - In a Friday, May 18, 2012 file photo, curious bystanders watch through the Nasdaq windows as Facebook shares begin trading, in New York. Facebook's stock is sinking nearly 7 percent, Monday, May 21, 2012, falling below the $38 IPO price, in the social network's second day of trading as a public company. (AP Photo/Richard Drew, File)Facebook was supposed to soar. Instead, it plunged.



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Hulu looks to take on Netflix with new original shows

Hulu looks to take on Netflix with new original showsHulu on Monday announced 10 original and exclusive TV shows that will premiere this summer, including one from writer-director-actor Kevin Smith. Smith, known for the cult classic Clerks and numerous other films, will host a half-hour movie ?revue? for movie lovers, which will be available on Hulu and Hulu Plus beginning June 4th. ?I have always wanted to do a show that provides an open forum for real fans to discuss real movies in real time and that?s what ?Spoilers? is about. As a filmmaker and lover of movies, I understand that ultimately it?s the fans who make the film. So in this show, we do not review movies, we revere them,? said Smith. In August, Hulu will launch a



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Developments in Google's bid for Motorola Mobility

Here are some key developments in Google's Inc.'s planned acquisition of Motorola Mobility Holdings Inc.:
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Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion

Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of HangzhouSHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion as a result of the deal but said it might instead opt to distribute some of the proceeds through a dividend. The sale, announced on Monday, gives Yahoo $6.3 billion in cash and up to $800 million of new Alibaba preferred stock. After taxes, Yahoo will clear $4.2 billion. ...



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Webcasts push solar eclipse to the masses

The moon slides across the sun, showing a blazing halo of light, during an annular eclipse at a waterfront park in Yokohama, near Tokyo, Monday, May 21, 2012. Millions of Asians watched as a rare It was one of the best places in the western United States to watch the annular solar eclipse, and people drove for days just to get to this dusty stretch west of Albuquerque.



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Unleash your hidden DJ potential with the Turntable.fm Android app

Have you always dreamed of being a DJ? Well, even if you thought becoming a spin master just was not in the cards for you, you might just change your mind when you witness the free Turntable.fm app for Android. It?s a social music app made for getting the party started on your mobile device. You can unleash your inner DJ to entertain your online fan club.
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Going public: Key developments in Facebook's IPO

Key developments in Facebook Inc.'s initial public offering of stock:
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Yahoo's $7.1B deal with Alibaba offers ray of hope

FILE - In this Aug. 11, 2005, file photo, a man walks past a screen displaying the Yahoo and Ali Baba.com logos before a joint news conference by the companies at the China World hotel in Beijing. Yahoo announced that it has agreed to sell half of its 40 percent stake in Chinese e-commerce company Alibaba for about $7.1 billion. The deal will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. (AP Photo/Elizabeth Dalziel, File)After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.



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Apple's Cook top-paid US CEO in 2011: report

Apple CEO Tim CookApple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above his next rival, a Wall Street Journal survey showed Monday.



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At seventh birthday, YouTube marks new milestones

YouTube logoYouTube celebrated its seventh birthday by saying it has hit fresh milestones in terms of its offerings and the amount of time spent on the video-sharing website.



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Judge directs truce talks in Apple-Samsung patent fight

Apple CEO Tim CookThe chiefs of iPhone-maker Apple and smartphone giant Samsung were to be in patent war truce talks on Monday at the direction of a judge who asked them sidestep a court battle.



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Early Facebook mutual fund buyers still in money

(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were priced at $38 per share in its initial public offering on Thursday. Despite an initial bump in their market debut on Friday, the shares fell on Monday, closing down 11 percent at $34.03. The decline prompted much hand-wringing among technology investors who had expected a bigger boost for the widely used social networking service. ...
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Ubisoft?s Ghost Recon comes to Facebook [video]

Ubisoft?s Ghost Recon comes to Facebook [video]Facebook, the world?s largest social networking site, is filled with a large selection of social and casual games, such as Draw Something, Words With Friends and FarmVille. While the topic of Facebook gaming is widely discussed, there isn?t much there in the way of titles that would attract the hardcore gaming crowd. Ubisoft is looking to change that, however, with the release of Tom Clancy?s Ghost Recon Commander. The game, unlike its console counterpart, is not a first-person shooter but instead a 2D game with an overhead viewpoint that contains both social and more complex aspects. Players are given the option to invite and team up with their Facebook friends to form alliances and complete a variety of missions. The



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Apple seeks support for new spaceship-like campus

A bouquet of flowers in honor of the passing of former Apple CEO Steve Jobs lies in front of the sign of Apple headquarters in Cupertino, CaliforniaSAN FRANCISCO (Reuters) - Apple Inc's chief financial officer is asking the residents of Cupertino, California, to support the company's new 2.8 million square foot spaceship-like campus, which critics say would increase traffic and pressure city services. In a brochure mailed last week to its neighbors in the Silicon Valley city, Apple's CFO Peter Oppenheimer asked them to write a letter, attend a public meeting, or let the company use their names in support of its building plans, according to one of the people who received it. ...



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Another Swing at the Invisibility Cloak; Loud Music Is for the Bad Kids

Another Swing at the Invisibility Cloak; Loud Music Is for the Bad KidsDiscovered: Another invisibility cloak, science confirms sex goes with drugs and rock 'n roll, the dolphins are eating a lot of poison and video games teach kids how to be the best murderers they can be.



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A look at tech companies with recent IPOs

Here's a look at how some companies that had initial public offerings of stock since January 2011 are faring. The companies are all loosely Internet-related, though their businesses vary widely.
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A look at recent tech-industry earnings

Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:
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How chips, PCs, services companies are faring

A look at how selected companies providing computers, components, services and related software are faring:
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Subscriber data from Internet service providers

Subscriber figures and other data from selected Internet service providers:
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How the video games industry is faring

A look at results from selected companies in the video games business:
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How consumer-electronics makers are faring

A look at how selected makers of phones and other consumer-electronic gadgets are faring:
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Breaking Up with Google Chrome Is Hard to Do

Breaking Up with Google Chrome Is Hard to DoI am still in love with Google Chrome. It's smooth. The tabs open in just the right way. It knows exactly what I want. It feels right. And, not to mention it's one of the best looking browsers I've ever been with. Even all my friends love Chrome -- a rarity. But Chrome, you've wronged me too many times. I shouldn't have to put up with any more flash crashes, something that has turned into more than a daily occurrence. You have eaten far too many blog posts. ...



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A look at cable, satellite TV earnings reports

Here is a summary of earnings reports for selected cable and satellite TV companies and what they reveal about the industry's prospects:
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What earnings reports have revealed about ads

Here are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising:
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Court won't reduce student's music download fine

FILE - In this July 30, 2009 file photo, Joel Tenenbaum, from Providence, R.I., poses outside federal court in Boston, after taking the stand in his defense in his copyright-infringement trial. On Monday, May 21, 2012, the U.S. Supreme Court refused to hear an appeal from Tenenbaum, who was successfully sued by the Recording Industry Association of America for illegally sharing music on peer-to-peer networks. In 2009, a jury ordered Tenenbaum to pay $675,000, or $22,500 for each song he illegally downloaded and shared.(AP Photo/Bizuayehu Tesfaye, File)A former Boston University student who was ordered to pay $675,000 for illegally downloading and sharing 30 songs on the Internet says he will continue fighting the penalty, despite the Supreme Court's refusal Monday to hear his appeal.



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What financial reports reveal about entertainment

Here is a summary of recent financial reports for selected entertainment companies:
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Judge scolds attorneys in Oracle vs. Google patent trial

Oracle logoThe judge presiding over a patent trial pitting Oracle against Google scolded rival attorneys on Monday as deliberating jurors grappled with subtleties of references in computer software code.



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Facebook shares sink 11 percent as reality overtakes hype

Monitors show the value of the Facebook, Inc. stock during morning trading at the NASDAQ Marketsite in New York(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...



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A look at telecom-industry subscriber reports

Here is a summary of reports for selected telecommunications companies and what they reveal about their own and the industry's prospects:
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