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| WSJ.com: What's News Technology |
| Facebook IPO: Insiders Cashing Out Thu, 17 May 2012 07:11:55 EDT Some of Facebook's biggest holders are selling up to $3.8 billion in extra shares in Friday's IPO, in some cases at Facebook's request. Goldman Sachs and Tiger Global will now sell as much as 50% of their stakes. |
| Pinterest Valued at $1.5 Billion Thu, 17 May 2012 01:26:38 EDT Pinterest, the online scrapbooking website that has become the latest Silicon Valley darling because of its rapid user growth, has raised $100 million in a financing round that values the start-up at $1.5 billion, said people familiar with the matter. |
| LG Rolls Out New Optimus Smartphone Thu, 17 May 2012 04:51:59 EDT LG Electronics rolled out a new version of its flagship Optimus smartphone in its home market of South Korea on Thursday, and executives said it would be shipped to countries with high-speed LTE networks in the Americas and Europe during summer months. |
| Google Tweaks Search, Hurting Firms Thu, 17 May 2012 07:55:50 EDT Google changed its search algorithm last month, seeking to downplay sites it suspects of artificially boosting their rankings. Now some small businesses say they are scrambling to avoid being relegated to the Internet's junk bin. |
| Start-Up Tries Virtual Gambling Wed, 16 May 2012 21:49:23 EDT A Silicon Valley gaming start-up backed by MGM Resorts International is planning to roll out games that resembling gambling but doesn't allow users to win real money. |
| Can Tumblr Turn a Profit? Wed, 16 May 2012 23:14:29 EDT Tumblr founder David Karp switches from building site to seeking ads and sponsors. |
| Verizon Wireless to Curb Unlimited Data Plans Wed, 16 May 2012 20:30:44 EDT Verizon Wireless will no longer allow customers to keep their unlimited data plans when they upgrade to its high-speed mobile network, known as 4G LTE. |
| Apple Moves to Larger iPhone Screens Thu, 17 May 2012 07:06:04 EDT Apple is likely to increase the screen size on its coming iPhone. The company is asking Asian suppliers to make screens measuring at least 4 inches diagonally. The current iPhone has a 3.5-inch display. |
| Google Makes Its Search Engine Smarter Wed, 16 May 2012 18:14:56 EDT Google said it is rolling out an extensive update to its dominant search engine by using troves of data to refine the answers it provides to user queries on specific topics. |
| Dish Runs Ads to End All Ads Wed, 16 May 2012 23:52:02 EDT Dish Network is promoting its new "Auto Hop" ad-skipping DVR with a marketing campaign that, ironically, uses a TV commercial. Some networks are refusing to run the spot. |
| Time Warner Cable, Viacom Settle iPad Dispute Wed, 16 May 2012 16:48:01 EDT Time Warner Cable said it will resume live streaming of some Viacom-owned TV channels to customers' iPads following a legal settlement with Viacom. |
| A Tech Company Serving Creators Wed, 16 May 2012 21:53:07 EDT New York's annual Internet Week celebrates the city's growing tech industry, including Tumblr, which is headquartered on East 21st Street. |
| For Tech Firms, the Desk Matters Wed, 16 May 2012 17:43:26 EDT Custom-furniture designers who sell to tech companies say business is on a tear, driven by a flood of funding for start-ups, shifting fashions and new ideas about how employees work together. |
| Rise of a Cloner Draws VC Fans, Critics Thu, 17 May 2012 03:39:18 EDT Mention the name Rocket Internet to entrepreneurs and venture capitalists and you are likely to get some very mixed reactions. What is it about this company that engenders such passion? |
| HTC Delays Smartphone Launch Wed, 16 May 2012 21:43:45 EDT HTC faces another setback in the U.S. as the Taiwanese handset maker said Wednesday that a customs review required by a trade body will cause a delay in the launch of a new smartphone |
| Samsung Takes Title From Nokia Wed, 16 May 2012 21:44:55 EDT Samsung snatched the title of world's largest mobile handset vendor from Nokia in the first three months of the year, confirming Nokia's continued decline as it struggles to keep pace with fast moving competition. |
| Mixed Results Posted at Chinese Internet Firms Thu, 17 May 2012 07:01:21 EDT China's biggest Internet companies are posting mixed results despite the addition of millions of new users each year, pressured by tougher government content restrictions, higher costs and the shift to mobile devices. |
| Facebook's New R&D Machine Wed, 16 May 2012 21:49:32 EDT Facebook is no longer run by a loose collection of programmers who dream up half-baked products after all-night coding sessions. CEO Mark Zuckerberg is taking a more deliberate approach to product development for major features. |
| Recruiting Firm Monster Updates Its Résumé Wed, 16 May 2012 10:37:48 EDT Monster Worldwide CEO Sal Iannuzzi is trying to jolt the company's online recruiting business—and its market value—back to life. |
| Google Shifts Tack on Android Wed, 16 May 2012 13:58:59 EDT Google is shifting its strategy for its Android mobile operating system in a bid to create a united front with smartphone and tablet makers and to prevent wireless carriers from controlling the devices. |
| Nvidia Looks to Cloud for Gaming Wed, 16 May 2012 10:35:30 EDT Nvidia is trying to move gaming and other high-performance computing chores from personal computers and gaming consoles to the Web. |
| Amazon Ramps Up Hiring Wed, 16 May 2012 10:38:52 EDT Amazon has set a torrid hiring pace in recent months, accelerating a rate of employee acquisitions that was already well ahead of most large corporations. |
| T-Mobile Cuts More Jobs Tue, 15 May 2012 17:04:50 EDT T-Mobile will pare 900 jobs, its second round of cuts in two months, following 10 consecutive quarters of contract user losses, even as some rivals are boosting their customer rolls. |
| Yahoo CEO's Downfall Tue, 15 May 2012 06:19:45 EDT How the error in former Yahoo CEO Scott Thompson's bio led to his resignation. |
| Best Buy Chairman to Resign After Probe Tue, 15 May 2012 09:48:55 EDT Best Buy's founder, Richard Schulze, will step down as chairman after an internal probe found that he didn't alert the board that CEO Dunn was allegedly having an inappropriate relationship with a female employee. |
| Loss Widens at Chinese Social-Media Firm Renren Tue, 15 May 2012 12:54:22 EDT Renren's first-quarter loss widened as expenses rose sharply, masking the Chinese social-networking company's better-than-expected revenue. |
| Infosys Sees Pickup in U.S. Tue, 15 May 2012 03:00:24 EDT India's Infosys is seeing early signs of business picking up in the U.S. -- its largest market -- although clients remain cautious about investing in information technology services. |
| Apple Plans iCloud Upgrade Tue, 15 May 2012 00:52:08 EDT Apple is preparing an upgrade of its online service iCloud that includes new photo-sharing features. |
| Baidu to Offer Low-Cost Smartphone Tue, 15 May 2012 00:52:34 EDT Baidu is poised to launch a low-cost smartphone running its newest mobile operating software, as the company that dominates Internet searches in China looks to shore up its presence in the mobile-device field. |
| Groupon Posts Loss, but Shows Improvement Mon, 14 May 2012 23:20:24 EDT As Groupon tries to rebound from an accounting slip up, the daily-deals company turned in its first operating profit in two years even as its revenue growth continues to moderate. |
| Mobile-Phone Pricing Hurts Vivendi Mon, 14 May 2012 20:08:46 EDT A price war in the French mobile-phone market is weighing on companies' performance in the sector. Vivendi warned that a "price reset" to stem subscriber losses will hurt it in coming quarters. |
| Websites Combine DNA, Social Networks Tue, 15 May 2012 16:33:33 EDT Companies crossing DNA-mapping technology with social networking are developing a brave new world of genealogical research. |
| Facebook Alums Push Q&A Site Quora Tue, 15 May 2012 17:14:03 EDT Former Facebook executives are fueling investor interest in question-and-answer site Quora. |
| Activision Reaches Back to Rev Up Mon, 14 May 2012 20:37:31 EDT Games maker Activision Blizzard is banking its future on releasing new versions of games that go back more than a decade. |
| Sony, Panasonic in TV Tie-Up Talks Tue, 15 May 2012 10:45:24 EDT Sony and Panasonic are in early-stage discussions about jointly developing or producing next-generation flat-panel television sets. |
| Ex-Yahoo CEO Says He Has Cancer Mon, 14 May 2012 20:39:08 EDT Before resigning as CEO of Yahoo, Scott Thompson disclosed to the company's board of directors that he has been diagnosed with thyroid cancer. |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.