Facebook on Thursday set the share price for its initial public offering at $38. Shares of Facebook will begin trading on the NASDAQ exchange after the opening bell on Friday, and the social networking giant could raise as much as $16 billion. The offering will be the largest ever Internet IPO, besting the $1.4 billion raised by Google in 2004 by a substantial margin. A total of 421,233,615 shares of its common stock will be made available. Facebook’s press release follows below. Facebook Announces Pricing of Initial Public Offering MENLO PARK, Calif., May 17, 2012 /PRNewswire/ — Facebook (NASDAQ: FB) today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the
T-Mobile announces no-contract broadband passes starting at $15
T-Mobile announced new “worry-free No Annual Contracts” today for its mobile broadband service that is expected to launch through T-Mobile retail stores and online May 20. The plans start at $15 per one-week pass capped at 300MB and $25 per one-moth pass capped at 1.5GB. The carrier is also offering 3.5GB and 5GB one-month passes at $35 [...]
Week one of the TegraZone Player’s Choice awards is done, let’s announce a winner!
The first week of NVIDIA's TegraZone Player's Choice awards has run its course, and that means two things — the first is that you only have two weeks left to hit the TegraZone contest page and vote for your favorite games and developers,…
U.S. Cellular adds Samsung mobile hotspot to its 4G LTE lineup, because three’s company
And then there were three. U.S. Cellular’s picking up the pace where its next-gen offerings are concerned, adding yet another device to that lonely LTE product portfolio. Starting today, Samsung’s SCH-LC11 mobile hotspot will be available on the regi…
Temple Run updated to address compatibility issues with Android 4.0 devices
If you've been having any sort of issues playing Temple Run on your Android device now would be a good time to check for updates. The team at Imangi Studios has now released the latest update to the game and it has plenty of bug fixes and improvem…
Temple Run updated to address compatibility issues with Android 4.0 devices
If you've been having any sort of issues playing Temple Run on your Android device now would be a good time to check for updates. The team at Imangi Studios has now released the latest update to the game and it has plenty of bug fixes and improvem…
HP may cut 25,000 jobs
Hewlett-Packard is reportedly mulling a massive workforce reduction that will see as many as 25,000 jobs cut from the company. Bloomberg cites unnamed sources in reporting on the potential layoffs, which would amount to 8% of HP’s global workfor…
Report: Google, Microsoft to directly compete with Amazon’s EC2 cloud
Google and Microsoft are directly targeting Amazon with their new clouds that are allegedly in-development. According to GigaOm’s Derrick Harris, who cited unnamed sources familiar with the plans, Google is developing a cloud computing offering that will give Amazon’s EC2 cloud a run for its money. More sources claimed Microsoft is even working on an IaaS [...]
Samsung Galaxy S3 hits Amazon for $799 and up, ships June 1
Samsung’s Galaxy S3 made its way to Amazon today with a number of listings for the device at $799 and others at $829 after being unveiled earlier this month. The device was slated for an international rollout towards the end of May, and the listings on Amazon are set to ship June 1. However, at least one seller [...]
[Update] Galaxy S III Pre-Orders Pop Up On Amazon, Blue And White Models Available For $799 And Up, For Release On June 1st
Standing opposite HTC’s One X, the Galaxy S III is one of this year’s most hotly anticipated devices. If you’re overly eager to get in on the pre-order action, Amazon has pre-orders available from several retailers. It’s worth noting that the “Featured…
