Everything You Need To Know This Morning
Zynga Ups IPO to $1 Billion
Zynga has filed to raise between $850 million and $1.15 billion in an initial public offering, more than the company initially expected. Priced $8.50 - $10 per share.
Facebook to Make Surprise Announcement Today
Facebook sent out invites Friday morning for a press event set to take place later this afternoon at Facebook’s New York headquarters. We don’t know what the event will be about, but we do know who will be there.
RIM Records $485 Million Loss on BlackBerry PlayBook
RIM said it would take a $485 million loss in its fiscal third quarter resulting from markdowns on its BlackBerry PlayBook tablets.
Google in Talks with Retailers to Take on Amazon
Google is talking to major retailers about a new plan to undermine Amazon by giving consumers who shop on the web an option to receive their orders within 24 hours for a low fee, according to a report.
Groupon Stock Bounces Back
Groupon’s stock staged a partial comeback Thursday after the company emerged from its post-IPO quiet period.
YouTube Rolls Out Biggest Makeover to Date
YouTube has rolled out its redesigned website to all visitors. Making it more TV-like.
Further News
- The Kindle Fire is now outselling the iPad on BestBuy.com.
- The opening of the much-anticipated Apple Store at Grand Central Terminal in New York City, which will become the company’s largest retail venue, is officially scheduled for next week.
- Google+ is rolling out a feature that allows its users to make free conference calls within Hangouts.
- AOL co-founder and former CEO Steve Case announced on Thursday that he and two former AOL colleagues have raised a $450 million venture capital fund that will focus on startups outside of Silicon Valley.
- Ebook sales are expected to generate $9.7 billion worldwide in 2016, more than three times the $3.2 billion the category is expected to generate this year, according to one research firm’s projections.
- More bad news for RIM — two of its executives got so drunk on an airplane that the pilot turned around to land.
- Here’s everything you need to know about the Carrier IQ controversy that sprang up yesterday.
- Apple maintains that it doesn’t use Carrier IQ.
- Peter Thiel’s Founders Fund just raised a boatload of cash.
- The European Union is about to serve Google with a 400-page Statement of Objections in its antitrust investigation.
- Mike Abbott, former engineering VP at Twitter, is the newest partner at Kleiner Perkins.
