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WSJ.com: What's News Technology
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What's News Technology
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Facebook's IPO Sputters
Facebook shares struggled to stay above their $38 IPO price, as Wall Street bankers stepped in to prevent the newly minted stock from ending its first day with an embarrassing loss.
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Launch Aborted Over Faulty Valve
Space Exploration Technologies said a faulty engine valve was the culprit behind Saturday's aborted launch of the first private spacecraft aiming to dock with the international space station.
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China Clears Google to Buy Motorola Mobility
Google said Saturday that Chinese antitrust authorities have cleared the Internet giant's purchase of Motorola Mobility Holdings, pushing the $12.5 billion deal over its last regulatory hurdle.
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ITC Rules in Favor of Microsoft Over Motorola Mobility
Microsoft scored a win over Motorola Mobility Holdings on Friday as a judge ruled in favor of the software giant in a closely watched patent dispute over how mobile communication devices operate.
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Tencent to Restructure Business
Chinese Internet company Tencent said it will restructure its business operations to improve efficiency and move beyond its core gaming business.
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Dublin Court Rules Against Hutchison
Hong Kong ports-to-telecom operator Hutchison Whampoa has lost a motion in an Irish court to have its ?2 billion bid for Irish telecom firm Eircom "given due consideration," according to people familiar with the situation.
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Facebook Prices Its IPO at $38
Facebook priced its initial public offering at $38 a share, a move that values the Internet company at more than $100 billion. It tried floating higher numbers to investors but was rebuffed.
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Facebook Pumps Up Lobbying
Facebook is ramping up its Washington lobbying operation to catch up with rivals and in anticipation its privacy practices will face heavy scrutiny for years to come.
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H-P to Slash Work Force
Hewlett-Packard plans to cut its workforce by 25,000 to 30,000 employees, a record number for the venerable tech giant as it grapples with declining revenue and profits.
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$1 Billion Club Gets Crowded
At least 20 closely held U.S. start-ups backed by venture capital are now valued at $1 billion or more, Pinterest and Evernote among them. During the frothy days of the 1990s dot-com bubble, there were just 18 such start-ups valued at $1 billion or more.
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Groupon Stock Spike Probed
A Wall Street regulator is examining trading in Groupon Inc. that sent its stock price soaring hours before a favorable earnings announcement Monday.
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Pinterest Valued at $1.5 Billion
Pinterest, the online scrapbooking website that has become the latest Silicon Valley darling, has raised $100 million in a financing round that values the start-up at $1.5 billion.
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Facebook Priced to Raise Money, Not Hype
Buying on day one for the IPO pop is an exercise in finding a greater fool. Facebook's insiders are no fools?they aren't leaving that extra money on the table by underpricing the deal.
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Verizon: Users Can Pay Full Phone Price
Verizon Wireless said there was one surefire way for users to keep their all-you-can-eat plans: Pay full price for their smartphones.
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Facebook IPO: Insiders Cashing Out
Some of Facebook's biggest holders are selling up to $3.8 billion in extra shares in Friday's IPO, in some cases at Facebook's request. Goldman Sachs and Tiger Global will now sell as much as 50% of their stakes.
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GameStop Cuts Sales Forecast
GameStop cut its full-year sales forecast and reported that first-quarter earnings fell 9.8% on a double-digit drop in same-store sales. Store traffic was light, it said, and demand was weak for new hardware and software.
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LG Updates Optimus Phone
LG introduced a new version of its flagship Optimus smartphone in its home market of South Korea, just eight months after the first version.
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Google Tweaks Search, Hurting Firms
Google changed its search algorithm last month, seeking to downplay sites it suspects of artificially boosting their rankings. Now some small businesses say they are scrambling to avoid being relegated to the Internet's junk bin.
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Start-Up Tries Virtual Gambling
A Silicon Valley gaming start-up backed by MGM Resorts International is planning to roll out games that resembling gambling but doesn't allow users to win real money.
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Can Tumblr Turn a Profit?
Tumblr founder David Karp switches from building site to seeking ads and sponsors.
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