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Facebook, Zuckerberg Sued by Shareholders over IPO

Facebook went public less than a week ago and there are already lawsuits against the company, its CEO Mark Zuckerberg, a number of banks and even the Nasdaq. The lawsuit was filed today in a U.S. District Court in Manhattan. It alleges that important information was purposely withheld from all but... More >

Google-Motorola Deal Set to Close, Rumors of Layoffs Surface

Google's plan to acquire Motorla Mobility has received approval from China and the deal is expected to close in two days. And with it, rumors of layoffs are already surfacing. Google is no stranger to executing layoffs after acquisitions; it cut 40 percent of DoubleClick's staff after it was... More >

Ex-Yahoo CEO Thompson Steps Down from F5 Networks' Board

In the wake of the resume-padding scandal that eventually led to Thompson stepping down as Yahoo’s CEO, it was announced today that he has also stepped down from his chief executive position on F5 Networks’ board. The company did not disclose any details surrounding Thompson’s... More >

Facebook Expected to Increase IPO for Friday Debut

Facebook’s IPO is set for a Friday market debut, but in anticipation of robust sales, it is expected to increase its IPO size by 85 million shares. The increase will put the total offer to 421 million shares and raise up to $18.5 billion. This comes a day after the company raised its share... More >

LightSquared Files Chapter 11 Bankruptcy

Our own Carl Weinschenk has been keeping tabs on LightSquared’s troubles. Back in May of last year, he detailed the company's plan to build a high-speed wireless broadband network. However, the network was supposed to operate on spectrum that was positioned uncomfortably close to GPS... More >

AppSense Looks to RAPsphere to Contend with BYOD

In response to the demands from the consumerization of IT and the bring-your-own-device trends, AppSense, a virtualized desktop provider, announced yesterday that it has plans to acquire RAPsphere, a maker of BYOD-friendly software. CTO and Vice President of Product Management Harry Labana, in a... More >

Apple iOS Update: The 411 on 5.1.1

Applevangelists rejoice: Cupertino released iOS 5.1.1 yesterday with much fanfare. Actually, the update was a relatively small one (in physical size and scope) at under 60MB for an iPhone 4S, but it includes a few important fixes, fills a Safari security hole and offers feature improvements. Among... More >

Third Point Demands to See Yahoo CEO's Hiring Documents

Yahoo CEO Scott Thompson has only been in office for a few months and he’s already creating waves within the company, but not necessarily for the better. Reports came out last week that he allegedly padded his resume to say that he has a computer science degree when he actually has a degree in... More >