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Facebook stock closes nearly flat in debut

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, applauds at the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Nasdaq via Facebook, Zef Nikolla)It was barely a "like" and definitely not a "love" from Facebook investors as the online social network's stock failed to live up to the hype in its trading debut Friday.


12/31/1969 06:59 PM

Sudden wealth part of Silicon Valley's everyday

Facebook employee David Fisch laughs outside of Facebook headquarters in Menlo Park, Calif., Friday, May 18, 2012. Facebook's stock is trading up Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon. (AP Photo/Paul Sakuma)In Silicon Valley, where sudden wealth is hardly something new and CEOs favor hoodies over bespoke blazers, Facebook's IPO on Friday didn't bring everyday life to a halt.


12/31/1969 06:59 PM

The next digital image revolution?

Lytro unveils its digital cameraDespite the explosive innovation around digital picture-taking, the end result has actually changed very little. A photo is still a photo. And a poorly focused photo is still as bad as ever. Ren Ng aims to fix that.


12/31/1969 06:59 PM

A 112-megapixel consumer camera concept needs your social love
Spectral Instruments may be a small company, but it has already designed several impressive cameras, including one called 1110 series that can capture the stars and the sun even in the middle of the day. The company's products have been designed … Continue reading
12/31/1969 06:59 PM

What the Friday: Watch this man open a bottle of beer… with a chainsaw
It's Friday again — hooray! Time to make plans for  the weekend over a few bottles of beer like the man in the video above. But while you probably use a bottle opener to get to your fizzy liquor, this man uses … Continue reading
12/31/1969 06:59 PM

English Premier League: The Social Media Season
The English Premier League is arguably the world's most popular sports organization, and this season saw explosive growth off the pitch in the realm of social media.
12/31/1969 06:59 PM

FACEBOOK IPO LIVE: The social network goes public

Electronic screens inside the Nasdaq stock market announce the listing of Facebook shares before the start of trading, Friday, May 18, 2012 in New York. The world's definitive online social network raised $16 billion in an initial public offering that values the company at $104 billion. (AP Photo/Mark Lennihan)It's Facebook's big day.


12/31/1969 06:59 PM

Nasdaq glitch confuses investors of Facebook IPO
Some investors who thought they had bought Facebook shares at the opening of trading were left without knowing for hours whether they had received the shares.
12/31/1969 06:59 PM

Ultra-Orthodox plan huge NYC meeting on Net risks

In this April 3, 2012 photo provided by VosIzNeias.com, a group of Ultra Orthodox Jews who believe that the Internet threatens their way of life, check out the facilities at New York's Citi Field, which they ultimately rented for an unprecedented gathering. The upcoming May 20 rally at the Mets' Stadium will address how to use modern technology in a religiously appropriate way. More than 40,000 ultra-Orthodox Jewish men plan to pack Citi Field for the Sunday evening gathering on the dangers of the Internet, and organizers have also rented the nearby Arthur Ashe Stadium for the overflow crowd. (AP Photo/VosIzNeias.com) MANDATORY CREDITUltra-Orthodox Jews who believe that the Internet threatens their way of life have rented the New York Mets' stadium for an unprecedented gathering on how to use modern technology in a religiously appropriate way.


12/31/1969 06:59 PM

Reports: HP poised to eliminate up to 30,000 jobs
Hewlett-Packard is poised to eliminate as many as 30,000 jobs to compensate for dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets, according to reports published Thursday.
12/31/1969 06:59 PM

Android App Video Review: Songify
All you have to do to become an amateur singer is tap the big record button, read your shopping list out loud, and then hit the button again. Now, your shopping list will be "songified" with the help of speech recognition software and auto-tune. I mean, this isn't Katy Perry level auto-tune, but it's enough to be tons of fun. You can re-songify any recording using a huge variety of pre-set songs, although you'll only have access to four at first. The rest must be purchased using special tokens. ...
12/31/1969 06:59 PM

Facebook stock finishes flat in debut

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, applauds at the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Nasdaq via Facebook, Zef Nikolla)In the hours before Facebook's stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company's 3,500 employees not to get caught up in the hoopla surrounding its long-awaited initial public offering.


12/31/1969 06:59 PM

Ultra-Orthodox plan huge NYC meeting on Net risks

In this April 3, 2012 photo provided by VosIzNeias.com, a group of Ultra Orthodox Jews who believe that the Internet threatens their way of life, check out the facilities at New York's Citi Field, which they ultimately rented for an unprecedented gathering. The upcoming May 20 rally at the Mets' Stadium will address how to use modern technology in a religiously appropriate way. More than 40,000 ultra-Orthodox Jewish men plan to pack Citi Field for the Sunday evening gathering on the dangers of the Internet, and organizers have also rented the nearby Arthur Ashe Stadium for the overflow crowd. (AP Photo/VosIzNeias.com) MANDATORY CREDITUltra-Orthodox Jews who believe that the Internet threatens their way of life have rented the New York Mets' stadium for an unprecedented gathering on how to use modern technology in a religiously appropriate way.


12/31/1969 06:59 PM

Historic Facebook debut falls flat

Recent activity lists SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares began trading late Friday morning and opened 11 percent above the $38 offering price, but after peaking at about $45 slid rapidly at the end of the day to close at $38.23. The IPO was the third-largest in U.S. history and valued eight-year-old Facebook at $104 billion. ...


12/31/1969 06:59 PM

Gateway co-founder bankrolls PAC for independents
Gateway Inc. co-founder Ted Waitt is financing a SuperPAC to support independent candidates across the country in the 2012 elections, the committee announced Friday.
12/31/1969 06:59 PM

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