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Friday, May 18, 2012

who owns Facebook, after the IPO?

Facebook goes public

Reuters / Valentin Flauraud
Reuters / Valentin Flauraud
Facebook has debuted in share trading on the US platform for IT companies Nasdaq, to find out how much status updates and billions of likes are worth on Wall Street.

Facebook sells 82 million shares in the first 30 seconds of trading, with the stock opening at $43 per share, Reuters reports. The pricing was above even the high end of the settled price range of $38 per share, with analysts saying Facebook shares could gain up to 50% from its opening price during the first trading day. A $38 price tag valued the world’s most popular social network at $104 billion. With 421 million shares on sale, the Initial Public Offering (IPO) was expected to raise up to $18 billion. Experts say it's a big windfall for a company that began just 8 years ago with no obvious way of making money.

Many analysts however advise potential new shareholders to hold off buying into Facebook, saying so far there’s not enough understanding of how successful the business is.

Tuesday, May 15, 2012

Chrome 19 Launches, Now Features Built-In Tab Syncing.

Google today launched version 19 of its Chrome browser for Windows, Mac, Linux and Chrome Frame to its mainstream stable release channel. Besides the usual bug fixes and performance improvements, the highlight of today’s release is the addition of tab syncing to Chrome. With this, Chrome users can now have their open tabs synced across all of their devices, including tablets and phones that run the Ice Cream Sandwich-only Chrome for Android beta.
This feature will allow you to just pick up your browsing sessions on any other computer or device you log in to. One nifty aspect of this is that Chrome will also sync your browsing history, so even your back and forward buttons will work.
Adding tab syncing is just the latest syncing feature Google is adding to Chrome. The browser can already sync your bookmarks, apps, history, themes, extensions and other settings between machines as well (assuming you signed in to Chrome with your Google account, of course).
It’s worth noting that while Chrome 19 is out now, Google plans to roll out the tab syncing feature “gradually over the coming weeks.”
As part of this release, Google also announced that it paid out around $14,500 as part of its security bug bounty program this time around.

Original report

How Yahoo Killed Flickr and Lost the Internet.

How Yahoo Killed Flickr and Lost the Internet

Web startups are made out of two things: people and code. The people make the code, and the code makes the people rich. Code is like a poem; it has to follow certain structural requirements, and yet out of that structure can come art. But code is art that does something. It is the assembly of something brand new from nothing but an idea.
This is the story of a wonderful idea. Something that had never been done before, a moment of change that shaped the Internet we know today. This is the story of Flickr. And how Yahoo bought it and murdered it and screwed itself out of relevance along the way.
Do you remember Flickr's tag line? It reads "almost certainly the best online photo management and sharing application in the world." It was an epic humble brag, a momentously tongue in cheek understatement.
Because until three years ago, of courseFlickr was the best photo sharing service in the world. Nothing else could touch it. If you cared about digital photography, or wanted to share photos with friends, you were on Flickr.