Facebook market makers' losses at least $100 million

(Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. ...

Facebook options debut a wild card for volatility

(Reuters) - Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18. While the stock's puts and calls are expected to be popular, the big wild card is volatility and ultimately, the options price. Traders will get a fresh start on options on the Internet giant when the contracts are offered on U.S. options exchanges on May 29. ...

Corrected: Dish, TV networks take fight over ad zapper to judges

(Reuters) - A legal battle erupted between DISH Network and some of the major broadcast networks Thursday as the two sides traded lawsuits over the satellite distribution company's "Hopper" DVR, which threatens to bring down the television business model by allowing viewers to skip over commercials entirely. Dish Network Corp asked a Manhattan federal judge to declare that its "Auto Hop" feature does not infringe any copyright owned by the four major U.S. television networks: Walt Disney Co's ABC, CBS Corp's CBS, News Corp's Fox and Comcast Corp's NBC. ...

Story by Pultizer Prize winner serialized on Twitter

Ukrainian pianist plays her way to YouTube stardom

Google+ trends: Towel Day, Britney Spears's first day on 'X Factor USA'

Google+ users are celebrating “Towel Day” on May 25 in honor of The Hitchhiker’s Guide to the Galaxy author Douglas Adams.

Twitter index: Kylie 'Timebomb' video, Justin Bieber 'Die In Your Arms' single, Facebook Camera

Microbloggers are furiously tweeting “#KylieTimebomb” after Australian pop star Kylie Minogue teased that she would post a link to her new single and accompanying music video “Timebomb” if they kept on tweeting. 

SAP to buy Ariba, boosts cloud bet

Citadel lost $30 million in Facebook fiasco: source

Facebook market makers' losses total at least $100 million

(Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. ...

Geeks Are Still Being Bullied By Dictionaries

Just in time for Geek Pride day, some folks on the Internet have started to get a little defensive over the term "geek," as they should, since lots of official language arbiters still consider it a derogatory term.

HP’s webOS team may join Google

HP’s open source webOS team, known as Enyo, will reportedly be leaving the company and joining Google, according to The Verge. The computer giant in December announced its failed webOS mobile operating system would move to an open-source model under the name Enyo, with version 1.0 slated for release in September 2012. The website’s sources claim the entire Enyo team will not be headed for Google, but Matt McNulty, the head of the project, will be among those departing. This wouldn’t be the first time the Internet giant has hired former webOS workers; Android’s current design chief Matias Duarte oversaw the creation of the user interface for the operating system while working at Palm. It is unclear if the Enyo team

Facebook reportedly in talks to acuire Web browser maker Opera

Following Facebook’s $1 billion acquisition of Instagram, it looks like the company has no intention of slowing down. According to a report from Pocket-lint, the social networking giant may be looking to enter the Web browsing market by purchasing Opera Software. The move would put Facebook in direct competition with Microsoft and Mozilla, and it would certainly apply increased pressure to Google as well. Opera’s mobile browser has seen strong growth in recent years, however the same cannot be said for its desktop version, which lags far behind Chrome, Internet Explorer, Firefox and Safari. A Facebook browser could potentially allow users to stay up to date with their social life using built-in plug-ins and features integrated into the browser’s UI. Read

Yahoo! ditches digital newsstand for iPads

Yahoo! shuttered its fledgling digital newsstand for iPads on Friday in what it said was the start of a product purge intended to make the floundering Internet pioneer more nimble.

Facebook options debut a wild card for volatility

(Reuters) - Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18. While the stock's puts and calls are expected to be popular, the big wild card is volatility and ultimately, the options price. Traders will get a fresh start on options on the Internet giant when the contracts are offered on U.S. options exchanges on May 29. ...

Comcast plans to charge customers for exceeding bandwidth cap

Comcast recently announced that it may soon begin charging additional fees to broadband Internet subscribers who go over their monthly bandwidth allowances. The cable operator currently suspends customers’ service if they repeatedly go over their 250GB monthly data allowances rather than charging any penalties. Instead of capping broadband customers at 250GB per month, however, Comcast plans to raise the cap to 300GB and charge $10 for each 50GB block of data above that limit, Digital Trends reported. The change is currently being tested with select customers but if successful, the company plans to implement the change across its network. Comcast began capping data in 2008, and it claimed the measure was necessary in order to manage its network. Read

'Call Me Maybe' Mashup of 75 Videos Will Haunt You

Pandora now controls over 70% of top U.S. Internet radio market

Pandora CEO Joe Kennedy recently announced that the music streaming service had surpassed 150 million users in the United States and was the second most downloaded app in the history of Apple’s App Store. According to the company’s recent earnings report for the first quarter of fiscal 2013, Pandora grew to a record 51.9 million active users, representing a 53% year-over-year increase. The service has a commanding 71.7% share of the top U.S. Internet radio market and controls almost 6% of the total U.S. radio listening market. The company’s total revenue jumped 58% year-over-year to $80.8 million, $70.6 million of which came from advertising and $10.2 million from subscription plans. While advertising revenue increased 62% year-over-year and subscription revenue increased

New Google data show Microsoft's piracy problems

Boomshakalaka! Blake Griffin Mashed With NBA Jam Is YouTube Gold

Five things to do before giving your teenager a smartphone

Google reveals copyrighted material claims

Google on Thursday began revealing details about requests for links to be removed from Internet search results on the grounds they lead to copyrighted material posted without permission.

New FBI unit tasked with making Web and mobile communications easier to spy on

The Federal Bureau of Investigation recently formed a new unit tasked with developing technologies that enable more effective means of monitoring Internet, mobile and VoIP communications, CNET reported. The secretive new unit, reportedly called the Domestic Communications Assistance Center, aims to develop new surveillance technologies that make it easier for law enforcement to spy on suspects as they communicate using modern technology. Joined by agents from the U.S. Marshals Service and the Drug Enforcement Agency, the FBI reportedly formed the DCAC because it believes technology has developed too quickly, leaving law enforcement without the tools necessary to effectively monitor these new communications channels. Read

New Google data shows Microsoft's piracy problems

Meet The Facebook Conscientious Objectors

Now that Facebook's a big nasty corporation, it's not only attracted a lot of bad press, it's inspired more direct action. In the run-up to the IPO and its messy aftermath we've read a few declarations of expatriatism, including one today from The New Yorker's Steve Coll. In no way does this indicate a coming mass exodus. These people aren't starting movements, rallying the people of the Internet like Quit Facebook Day tried (and failed) to do back in 2010. ...