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Articles tagged with: million

Buggy Update Of Facebook iPhone App

Lots of users are angry over the recent update to Facebook’s iPhone app. The latest release was suposed to be fixing the problem but it went in opposite. Instead of fixing the bug it created more bugs for the users.

Facebook promised to release another update but still they are stucked at version 3.4.3

Pandora Raises Share Price By $3 In IPO

It looks like Pandora has changed its mind on its shares of stock since it’s original IPO (initial public offering). The company has just issued an amendment raising the share price from $10-$12. This is a $3 per share raise from its original average, and brings the company’s valuation from $1 billion to nearly $2 billion.

Since there are nearly 15 million shares up for the taking, Pandora expects to raise about $203 million from the initiative, or $60 million more than it’s original offering. Pandora currently rocks a user-base of 94 million, compared to 53 million the previous year. Likewise, users spend two times more time on the site than they had the previous year (rising from 0.7 billion hours to 1.6 billion hours).

Groupon Files For $750 Million IPO
According to Business Insider, Groupon has filed an S-1 with the SEC (Securities and Exchange Commission) in efforts to raise $750 million in an Initial Public Offering (IPO), backed by Morgan Stanley. Some of details of the filling
  • Groupon lost $413 million in 2010
  • 2010 revenues totaled $713 million
  • Groupon’s first quarter 2011 revenues reached $645 million
  • Groupon has 83 million email subscribers
  • Groupon sold 30 million coupons last year
  • Groupon spent $86 million on operating costs in 2010
  • Groupon has 7,000+ employees
Hackers Hit Sony Once Again

Sony Corp has been hacked once again. It has been less than a month since hackers has intruded on Sony’s personal information and took personal information from more than 100 million online users. A page was hacked on Sony’s website in Thailand.

The site would direct users to another site that was a fake credit card company. The fake company was designed to get confidential information from customers. The security firm, F-secures shut down on Friday. “It’s a Sony security issue,” said Jennifer Kutz, a representative for F-Secure, referring to the fraudulent website.

LiquidSpace Raises 3.6M In First Round Of Funding

LiquidSpace has just announced that it has raised 3.6 million dollars in its first round of funding. LiquidSpace offers a mobile application that allows mobile workers connect with workspaces. The app is aimed at both workers who do not have an office and those who have one but enjoy spending a lot of time away from it. Many employees can be as productive at a coffeeshop as they can at their actual desk.

Rumor: Facebook Plans To Buy Skype

A close source to Facebook has told Reuters that Facebook plans to buy Skype at $4 billion, which is a lot more money than what it’s worth, about $1 billion. Consider this a game of monopoly when you already own 2 orange properties and you’re trading for the third orange property. The other player won’t sell you that third orange property to create your monopoly unless it is for a high price. How does four times the value sound? Sounds just like Monopoly to me.

Visa And Square Partner Up To Buff Up Security

Since Visa’s investment with the mobile payment company, Square, we see that the two have announced a new version of the Square dongle that adds encryption and enhances security. Square has received much criticism in the past from Verifone, claiming that Square’s system is insecure and outdated.

Although Square has denied these allegations (who wouldn’t deny such allegations?), the company has introduced a new version of the Square reader that employs encryption, hinting that perhaps they did agree that security needed to be enhanced. Of course all this comes after Sony’s PlayStation Network gets hacked, is down for seven days, and has personal information of 70 million members stolen.

Android Users Sue Google For $50M Over Tracking

We just got wind that two Android users have sued Google over claims that their Android phones were used as a tracking mechanism without their consent. The two people that filed the lawsuit are both residents of Oakland County in Michigan.

The lawsuit was filed on April 27th in a Detroit Federal Court. Both residents use HTC Inspire 4G phones and both claim that “[the Android devices track them] just as if a tracking device for which a court-ordered warrant would ordinarily be required.” The two plaintiffs are looking to turn the Android tracking case into a class action and are seeking $50 million in damages, as well as a court order to force Google to eliminate tracking.

Hacker Steals Info From 70 Million Users On PlayStation Network

We’ve been covering the Sony situation with Geohotz, all the way through to the threats of the Anonymous hacking group, to the downtime of the Sony PlayStation Network. Sony would now like to inform you that an unauthorized person has stolen the personal information of 70 million users of the PlayStation Network. The following information has been stolen: name, city, state, zip, country, email address, birth date, PSN password and login, and screenname. Sony is also leaving the possibility that credit card information was also stolen.

Sprint Still Furious Over AT&T Acquisition

CEO of Sprint, Dan Hesse took a stand against AT&T’s recent merge with T-Mobile. Sprint, along with many other people feel that this recent merging will undo three decades of actions by the United States government that modernized and sparked wireless competition. If the deal is approved, which it would likely be, AT&T will be three times the size of Sprint. Sprint is urging the U.S. government to block this acquisition.

SVP of Government Affairs, Vonya McCann said