Where are Facebook's friends? Stock down after IPO

Facebook was supposed to soar. Instead, it plunged.

Cartoon studio faces state clout, global stars

Chinese cartoonist Carol Liu Hong built her studio from scratch, doing post-production work for TV commercials and then, once she broke even, realizing her dream of creating cartoons for Chinese kids.

Web series touts funky concept snowboards

In the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel’s “How It’s Made” — except with a lot more sass and a funkier setting.

Hundreds of Harry Potter fans abandon pet owls after series ends

Apple being offered free rent just to open up stores

Google Officially Acquires Motorola, Appoints New CEO

Yahoo's $7.1B deal with Alibaba offers ray of hope

After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.

Cable cos to share access on 50,000 Wi-Fi hotspots

Court won't reduce student's music download fine

A former Boston University student who was ordered to pay $675,000 for illegally downloading and sharing 30 songs on the Internet says he will continue fighting the penalty, despite the Supreme Court's refusal Monday to hear his appeal.

EU gives Google 'weeks' to ease antitrust concerns

TiVo shows off set-top box for streaming to iOS devices

Tim Cook

Tim Cook made $378 million in 2011, more than any CEO in all of America and a little of it had anything to do with his performance. In the Wall Street Journal's annual ranking, Cook leads the second-highest paid chief by about $300 million, with Oracle's CEO Larry Ellison coming in at $76.01 million. Most of Cook's compensation, however, does not come from his salary. That only (only?) brings him $900,000 a year. Most of it comes in the form of stock options, for a stock that his predecessor built.

Facebook shares fall as valuation doubts rise

NEW YORK (Reuters) - Shares of Facebook fell again at the open on Tuesday as doubts about the company's valuation increased after Reuters reported that underwriters cut their revenue forecasts for the social networking site shortly before the IPO. Facebook's shares hit a low of $31.73, 7.4 percent below Monday's close, and are now trading down 17.1 percent down from their $38 IPO price. The shares are down 30 percent from a high of $45 hit shortly after they started trading on Friday. (Reporting by Edward Krudy; Editing by James Dalgleish)

Microsoft sees 'rebirth' with new Windows 8 system

Microsoft's upcoming Windows 8 series -- featuring an upgraded cloud computing service -- marks a "rebirth" of its operating systems, chief executive Steve Ballmer said on Tuesday.

Google closes on Motorola Mobility acquisition

FBI investigates bomb threat at Utah cyber center

Google closes Motorola deal, names new Motorola CEO

NEW YORK (Reuters) - Google Inc completed its $12.5 billion purchase of Motorola Mobility, and the Web search leader named a new management team for the cellphone maker. Google said on Tuesday that Motorola Chief Executive Sanjay Jha has stepped and has been succeeded by Dennis Woodside, former president of Google's Americas region. Woodside oversaw planning for the Motorola integration, according to Google. The deal close comes just days after the companies gained approval for the acquisition from the Chinese government. European and U.S. regulators approved the deal in February. ...

Google closes Motorola acquisition

In line with earlier reports, Google on Tuesday finalized its acquisition of Motorola Mobility. The $12.5 billion merger was approved by regulators in China on Monday after having been given the green light by the United States Department of Justice this past February. Chinese regulators did stipulate terms for its approval, however, namely that Google must continue to make Android open-source and freely available. Former Motorola Mobility CEO Sanjay Jha has stepped down and Google’s Dennis Woodside will replace him as chief executive. “I’m excited to announce today that our Motorola Mobility deal has closed,” Google CEO Larry Page wrote in a letter published on Google’s blog. “Motorola is a great American tech company that has driven the mobile revolution, with

Zynga launches prepaid debit card with American Express

SAN FRANCISCO (Reuters) - Zynga Inc., the social games publisher, has reached a partnership agreement with American Express to issue a prepaid debit card that could be used to redeem virtual credits, the two companies said. The partnership will help increase use of American Express' digital payments platform Serve as the credit card issuer competes with online gateway Paypal, a unit of eBay Inc, which is pushing to process transactions by mobile phones. ...

Apple’s next iPhone to feature 3.95-inch upgraded Retina display, report claims

Apple’s next-generation iPhone will feature an upgraded high-definition Retina display, according to a report published on Tuesday morning. Without stating where its information came from, 9to5Mac on Tuesday reports that Apple is still testing multiple potential designs for the next-generation iPhone, which BGR reported will launch this fall. The site claims that Apple is still testing several new iPhone models enclosed in locked shells, and at least one of these potential new iPhones includes an upgraded 640 x 1,136-pixel Retina display that measures 3.95 inches diagonally. With an aspect ratio of close to 16:9, the new Retina display is said to be the same width as the current model but taller, and Apple is reportedly toying with adding a fifth row

TiVo shows off set-top box for streaming to iOS devices

Where are Facebook's friends? Stock down after IPO

Facebook was supposed to soar. Instead, it plunged.

Do you see what I see? New Sidecar app lets users share live video, photos while talking

Raspberry Pi team teases camera add-on

The Raspberry Pi $35 Linux computer, which is equipped with a 700MHz processor, 256MB of RAM, an SD card slot, two USB ports, an Ethernet jack and both HDMI and RCA outputs, will soon feature support for a camera add-on. The current prototype features a 14-megapixel camera that can be connected directly to the Rapsberry Pi through its CSI pins. The team warns that it ”may downgrade the super-duperness of the camera to something with fewer than its current 14 megapixels before release,” however, in order to “keep things affordable, and a sensor of that size will end up pricey.” The add-on is slated to be released later this year and end-user pricing was not disclosed. A sample of an image taken

After Yahoo deal, challenges abound for Alibaba

SHANGHAI (Reuters) - China's Alibaba Group could command a Facebook-rivalling valuation of $100 billion when it comes to list its shares, possibly by 2015 - but its more immediate challenge is to hang on to top spot in the country's $36 billion e-commerce market. Founded and led by Internet entrepreneur Jack Ma, Alibaba faces increasingly tough competition in its e-commerce stronghold from well-funded rivals 360buy, which is backed by Digital Sky Technologies, Dangdang Inc and Amazon.com Inc. ...

Anonymous Hacks Department of Justice

Google Officially Acquires Motorola, Appoints New CEO

Confirmed: SpaceX Dragon Ferried 'Scotty's' Remains Into Space

Watch: NASA Launches its First Private Mission to the ISS

Just before 4:00 a.m. this morning, the SpaceX Falcon 9 rocket successfully lifted off from Cape Canaveral, taking the first privately built spacecraft to the International Space Station. The unmanned mission will resupply the ISS and, if successful, could be the first step to replacing America's Space Shuttle program with private vehicles.

Apple by the Numbers [INFOGRAPHIC]

Zynga, AmEx Program Offers Virtual Gifts for Real-Life Purchases

New iPhone Might Have a 3.95-Inch Display [RUMOR]

Microsoft sees 'rebirth' with new Windows 8 system

Microsoft's upcoming Windows 8 series -- featuring an upgraded cloud computing service -- marks a "rebirth" of its operating systems, chief executive Steve Ballmer said Tuesday.

Richard Dreyfuss Blasts Zuckerberg, Brin at the Webbys [VIDEO]

Cartoon studio faces state clout, global stars

Chinese cartoonist Carol Liu Hong built her studio from scratch, doing post-production work for TV commercials and then, once she broke even, realizing her dream of creating cartoons for Chinese kids.

Samsung Galaxy S3 Pre-Orders and Two Other Stories You Need to Know

Nasdaq seen struggling with aftermath of Facebook IPO

Facebook shares sink 11 percent as reality overtakes hype

(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...

Insight: Morgan Stanley cut Facebook estimates just before IPO

(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ...

Microsoft sets sights on SKorean digital education