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. ...

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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. ...

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. ...

RealNetworks to refund customers in online subscription dispute

Zynga unleashes zombies on smartphones

Zombies stalked San Francisco streets on Thursday as social game maker Zynga ghoulishly introduced a game that lets iPhone or iPod Touch users slash and hack the undead.

Shareholders sue Facebook, NYSE comes calling

SAN FRANCISCO (Reuters) - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies." The Nasdaq stock exchange also came under further pressure as a source close to the situation told Reuters that NYSE Euronext had opened discussions with Facebook about a potential stock listing there. Nasdaq also faces litigation from angry investors. ...

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Morgan Stanley, others make $100 million profit on Facebook trades: WSJ

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

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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. ...

'Privacy Is Awesome' Campaign Aims to Kill CISPA

Google’s Nexus tablet to launch in July, report claims

Google’s Nexus tablet will reportedly ship in June with an initial volume of 600,000 units per month, according to Digitimes. The slate, which is being co-developed by ASUS, is set to be released in July according to the report. The publications claims that Google originally planned to release its 7-inch tablet in May, however the design of the device did not meet its expectations and the cost was too high. As a result, the product was delayed until July for some minor adjustments. The Internet giant has high hopes for its own-brand tablet, shipments of which are expected to reach between 2 million and 2.5 million units in 2012. Previous rumors claim the Wi-Fi-only tablet will be equipped with a

Yahoo seeks to shake up search, Web browsing

Joining the battle to redefine Internet search, Yahoo is taking aim with a new browser enhancement it calls "Axis."

Yahoo! launches new browser for PC, iOS with built in search prediction, syncing

Yahoo! has joined the browser game with Axis, a new internet browser that aims to redefine search.

Yahoo! moves to reclaim Internet search crown

Yahoo! has set out to reclaim the Internet search crown from Google with the release of software that transforms the way users explore the Web using Apple's coveted gadgets.

A look at tech companies with recent IPOs

News Summary: No Google infringement, says jury