There’s been a ton of coverage about the Facebook IPO disaster, but very little of it looks at the crucial point two weeks ago where things went terribly wrong. It’s becoming increasingly clear that Facebook itself messed up at that juncture. Facebook CFO David Ebersman The screw-up resulted in a major disappointment in Facebook’s stock debut: The stock’s 15 percent decline since the IPO last Friday may not in itself be tragic. But worse, lawsuits are flying saying that legal guidelines weren’t followed. And there’s the sad fact that regular mom-and-pop investors were apparently left with the more losses on average than large institutions who got privileged information. This all was aggravated by a separate annoyance: glitches in the Nasdaq stock market trading process, which ... Continue reading →
It looks like Google is backing off its commitment to an open fiber to the home network. If so, that would be a blow to those hoping to also offer services over Google’s pipe as well as well as put a stop to using the project as an example of what true broadband competition at the physical level can look like. According to my recent conversations with sources, a reading of Google’s blog and evasions by the search giant when I asked about its stance, Google’s not as into sharing as it once was. Soon after Google proposed its fiber to the home project in Kansas City, Kan. one of the product managers announced that other ISPs and services could build on top of the ... Continue reading →
Snoop Dogg to throw out first pitch May, 24, 2012 May 24 11:33 AM CT By ESPNChicago.com Actor and rapper Snoop Dogg will throw out the first pitch before the Chicago White Sox play the Minnesota Twins at 7:10 p.m. Thursday at U.S. Cellular Field. Snoop Dogg will perform at The Venue at Horseshoe Casino in Hammond, Ind., later Thursday night. Continue reading →
A few minutes after the Oracle v. Google verdict, the ten jurors filed out to the elevator. A group of several reporters, including me, had hunkered down close to the elevators to wait for the jury as they walked out. Several Oracle lawyers stood farther back, also eager to hear from the ten men and women who had dealt their side a major setback. A court security guard, who had been outside the jury room throughout deliberations, walked the jurors straight to the elevator, saying the jurors didn't want to talk to anyone. That wasn't quite true. The foreman of the jury, Greg Thompson, stopped and answered reporters' questions for about twenty minutes, while Oracle lawyers listened quietly to his answers. Thompson's brief chat with ... Continue reading →
