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| Pinterest funding could value startup at $1.5 billion 2012-05-17T11:53:59Z (Reuters) - Social networking site Pinterest has raised $100 million from a group of investors led by Japanese online retailing giant Rakuten Inc in a deal that reportedly values the three-year-old U.S. company at $1.5 billion. Rakuten said it was joined in the capital-raising by existing shareholders Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital and a number of angel investors. The new round of financing values Pinterest — one of Silicon Valley's fastest growing startups — at $1.5 billion, up sharply from $200 million late last year, Wall Street Journal said. ... |
| Ad execs say jury still out on Facebook as medium 2012-05-17T01:04:00Z
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| Several brokerages stop taking Facebook IPO orders 2012-05-17T01:00:48Z
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| Factbox: Facebook's IPO: who gets rich? 2012-05-17T00:51:53Z SAN FRANCISCO (Reuters) - The rich are going to get richer when Silicon Valley's biggest IPO starts trading on Friday. Facebook this week raised the number of shares it intends to float by 25 percent to 421 million shares, and lifted the target price range to $34-$38 per share as investors clamored for a slice of the third-largest IPO in U.S. history. As a result, the No. 1 social network and its shareholders will now collectively reap more than $15 billion from the initial public offering - a $5 billion hike from early May, when Facebook sought an IPO of roughly $11 billion. ... |
| Ad execs say jury still out on Facebook as medium 2012-05-16T23:33:59Z
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| Google searches get smarter 2012-05-16T21:26:11Z
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| Several brokerages stop taking Facebook IPO orders 2012-05-16T20:44:44Z
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| Several brokerages stop taking Facebook IPO orders 2012-05-16T20:01:18Z NEW YORK (Reuters) - NEW YORK, May 16 (Reuters) - TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives. Morgan Stanley & Co did the same, according to three advisers at the firm who declined to be named because they are not permitted to speak to the press. E*Trade Financial also stopped accepting orders Tuesday evening, according to a client alert sent out Tuesday. Wells Fargo & Co's brokerage arm, Wells Fargo Advisors, was stopping accepting new orders at 4:00 p.m. ... |
| Facebook boosts IPO size by 25 percent, could top $16 billion 2012-05-16T20:01:18Z
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| Google revamps U.S. search 2012-05-16T18:36:04Z SAN FRANCISCO (Reuters) - Google is revamping the way it handles searches in the United States to give users quick access to answers without leaving the page, the company said. The new search process is based on what Google calls the "knowledge graph" -- meaning that it tries to pinpoint faster the context surrounding its users' keyword searches. "Over the years, as search has improved, people expect more," said Amit Singhal, vice president of engineering at Google and the head of search, in an interview. "We see this as the next big improvement in search relevance. ... |
| Analysis: Facebook can't take Asian growth for granted 2012-05-17T11:27:28Z
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| Australia warns of 'bespoke' online child sex abuse 2012-05-17T04:38:21Z
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| Income Inequality Apparently Too Touchy a Subject for TED 2012-05-16T20:58:12Z If you’re plugged into the Internet, chances are you’ve seen a TED talk—the wonky, provocative web videos that have become a sort of nerd franchise. TED.com is where you go to find Facebook COO Sheryl Sandberg explaining why the world has too few female leaders, or Twitter cofounder Evan Williams sharing the secret power of listening to users to drive company improvement. The slogan of the nonprofit group behind the site is “Ideas Worth Spreading.” |
| NY tech fest heralds Silicon Valley of the east 2012-05-16T19:11:30Z
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| Sina shares jump on 1st-qtr report 2012-05-16T18:38:47Z Shares of Chinese Internet portal Sina Corp. jumped Wednesday as the company's first-quarter profit beat Wall Street expectations and advertising revenue rose. |
| Companies less wary of personal devices at work-Cisco 2012-05-16T12:28:06Z (Reuters) - Corporate IT departments in the United States are becoming less wary of staff bringing their personal devices to work, a Cisco study showed, although security remains a top concern. Among 600 IT and business executives questioned by Cisco's consulting arm 95 percent said they support employees bringing and using personal devices in the workplace in some way, Cisco's Internet Solutions Business group (ISBG) said on Wednesday. Corporate IT departments have been slow to embrace the trend dubbed 'Bring your own device' (BYOD) because of potential security risks. ... |
| LG demos second generation Google TV at Internet Week New York 2012-05-16T12:07:52Z
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| Latest version of Google Chrome syncs open tabs across devices in real time 2012-05-16T11:13:14Z
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| Sina results beat view, warns Weibo to eat into second quarter 2012-05-16T09:44:06Z
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| GM to drop Facebook ads due to low consumer impact 2012-05-15T23:35:01Z
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| Facebook raises IPO price as offering nears 2012-05-15T19:37:35Z
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| Robber Forgets to Log Out of Facebook, Gets Arrested [VIDEO] 2012-05-15T16:16:17Z Two Colombian criminals almost got away with robbing an Internet cafe, but one of them checked Facebook first -- and ended up being identified and arrested because he forgot to log out. |
| Facebook and Twitter Ad Spending to Double by 2016 [REPORT] 2012-05-15T15:41:49Z This week's impending Facebook IPO, which could top $12.7 billion, is sparking questions about the value of Facebook and other social networks. The future of social media ad spending may justify the hype surrounding Facebook, which is geared to being the highest valued U.S. Internet company at IPO. |
| Nokia's new cheap models bet on games, web access 2012-05-15T12:13:55Z
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| Young Listeners Turn Off Broadcast, Tune Into Internet Radio [STUDY] 2012-05-15T08:34:48Z A recent study has found that Internet radio listenership is on the rise -- and while digital device usage may have something to do with this increase, it's harder to pinpoint social media's role. |
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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.