Tech News Today 428

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Tech News Today
Episode 428

Tech News Today 428: Friend Facebook Financially

Facebook files for IPO, Sony's new CEO has his work cut out for him, Microsoft and Google are mudslinging, and more.

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Top Stories

  • Facebook IPO Filing: What to Look Out For
  • Facebook files papers for $5 billion IPO
  • Facebook’s S-1 And The Largest Shareholders: Who Owns What?
  • Facebook's S1
    • FB IPO Filed for potentially $5B, would be the largest debut in about 4 years
    • Did not specify projected price range in the filing
    • Symbol is FB, but the exchange wasn't specified.
    • Facebook: profitable for three years straight. $3.7B in revenue in 2011, $3.9B in cash on hand.
    • Revenues 2009: $777M | 2010 $1.974B
    • Morgan Stanley gets the role as lead underwriter. JP Morgan, Goldman, Sachs, and others will also underwrite
    • Google's 2004 IPO - raised $1.9B at a $23B valuation
    • Stats: 845M monthly uniques is impressive, but 483M DAILY active users (Dec 11)
    • Mark Zuckerberg is the largest shareholder with 28 percent of the company. He’s followed by Accel (invested in 2005) and Accel Partner Jim Breyer who owns 11.4 percent of the company. Co-founder Dustin Moskovitz owns 7.6 percent of the company, followed by DST with 5.4 percent. Peter Thiel, Facebook’s first investor, owns 2.5 percent. COO Sheryl Sandburg has 1,899,986 shares.
  • Sony's Hirai to replace Stringer as CEO in April
  • Sony Names Hirai as Head to Succeed Stringer Amid TV Losses
  • For Sony's New CEO, a Big Challenge Is in Your Living Room
  • Why Sony needed to swap out its CEO
    • Sony announced Kazuo Hirai will become the company's president and CEO on April 1st, replacing current CEO and pres. Howard Stringer (The rumor was Kazuo Hirai to be named President of Sony, Howard Stringer to remain CEO back in January)
    • Stringer will become chairman replacing Yotaro Kobayashi. earlier this month Stringer said he expected Hirai to become Prez soon, no mention of CEO.
    • Hirai is the youngest Sony CEO ever at 51
    • His current title is Chairman of Sony Computer Entertainment which includes the PlayStation line
    • BTW Sony will announce its fiscal third-quarter earnings tomorrow.
    • Under Stringer, Playstation network security breach, sluggish initial sales for PS3, Sony TV biz has posted 8 straight losses, Sony-Ericsson partnership ended over flat mobile growth
    • Over the last year, Sony's shares have lost nearly 48% of their value and fallen to $18.22. Over the last 5 years, Sony's shares has lost nearly 62%.
    • "The path we must take is clear: to drive the growth of our core electronics businesses — primarily digital imaging, smart mobile and game; to turn around the television business; and to accelerate the innovation that enables us to create new business domains," Hirai said in a statement.
    • "Analyst Reaction: Hirai "understands the culture of the company, clearly understands Japanese culture, but he's U.S. educated and lived here for a long time running an important business, so he's in tune with Western consumers," says Wedbush Securities analyst Michael Pachter. "I think he's a good fit."
  • Microsoft Slams Google Privacy Changes With “Putting People First” Ad Campaign
  • Microsoft Turns the Tables on Google with Ad Campaign
  • Gone Google? Got Concerns? We Have Alternatives
  • Google strikes back against privacy policy fears with new ads
    • After Google's Privacy Policy change got people freaked out, Microsoft is trying to capitalize
    • Yesterday, Frank X. Shaw, VP of corp. communications for MS, wrote on a MS blog that Microsoft has your alternatives to Google.
    • New "Putting People First" ads ran in in the Wall Street Journal, the New York Times and USA Today
    • Selections from the Ad copy:
      • "Google is in the process of making some unpopular changes to some of their most popular products. Those changes, cloaked in language like “transparency,” “simplicity” and “consistency,” are really about one thing: making it easier for Google to connect the dots between everything you search, send, say or stream while using one of their services."
      • "Every data point they collect and connect to you increases how valuable you are to an advertiser."
      • "If these changes rub you the wrong way, please consider using our portfolio of award-winning products and services…."
    • Google is taking a more direct tack: placing web ads that claim "We're changing our Privacy Policy. Not your privacy controls" on sites like the Washington Post.
    • The ads link to the Google Policies & Principles page, which seeks to reassure customers that their data will be just as safe after the March 1st update.
    • Danny Sullivan of spoke with Frank Shaw - “There’s actually a philosophical difference. When you boil it down, Google really only has one customer, and that’s its advertisers”.
    • Microsoft’s Bing search engine has its own privacy policy. And if you want to know how search history might be used to retarget you with ads across the web?You need to read the master Microsoft Online Privacy Statement for the answer.

Discussion Stories

  • Pirate Bay Founders Lose Supreme Court Appeal, Going to Jail
  • The Pirate Bay Moves to .SE Domain To Prevent Domain Seizure
    • Sweden’s Supreme Court just announced it won’t agree to hear an appeal by The Pirate Bay’s founders, meaning the jail sentences and fines imposed by the Swedish Court of Appeals in 2009 will stand.
    • Peter Sunde, Fredrik Neij, Gottfrid Svartholm and Carl Lundström, who started file-sharing site The Pirate Bay in September 2003, face jail time and have to collectively pony up a fine of 46 million Swedish kronor (US$6.7 million).
    • April 2009, The Pirate Bay’s founders were found guilty of abetting copyright infringement and sentenced to a year in prison, plus a fine of 30 million SEK (about US$4.2 million at the time).
    • The Appeals Ct lowered the jail time, increased the fine
    • Final terms of sentencing, Sunde faces eight months in prison, Neij, 10 months and Lundström just four months. Svartholm, who missed the appeals hearing for medical reasons, faces a full year in prison.
    • the operators of the the pirate bay quickly moved to change their domain name from .ORG to the Swedish .SE. A Pirate Bay insider informed TorrentFreak that this move was made to prevent the US authorities from seizing the domain, which is a serious risk now the court case has completed.
    • the .org site redirects to the .se
  • Redbox breaks with Warner Bros. over 56-day waiting period
  • YouTube could introduce a subscription service of its own
    • Redbox will get WB movies when they are released. The company will not be subject to the 28 day wait it previously dealt with, nor will it be like Netflix which is subject to a 56-day wait.
    • Redbox will now obtain its WB movies from a source other than WB. That means Redbox will not get the movies at a discount.
    • At the D:Dive Into Media conference Tuesday, YouTube CEO Salar Kamangar said his company could potentially create a service that could enable content providers to create their own subscription-based video offerings on the YouTube platform.
    • Kamangar gave an example of being able to sign up for individual yoga channels, for instance. While he warned that it’s a bit premature and that YouTube doesn’t currently have a product to announce, it’s definitely something YouTube is thinking about.“
  • Apple: Piper's Munster Finds More Evidence TV Coming Soon
  • Photos show quad-core iPad 3 processor, Wi-Fi and global LTE options
  • More photos of iPod Nano with a camera emerge
    • Rumor Mill time!
    • Piper Jaffary analyst Gene Munster is back saying, “We recently spoke to a major TV component supplier who has been contacted by Apple regarding various capabilities of their television display components,” he writes in a research note. “We are confident that Apple will enter the connected TV market, but timing remains uncertain."
    • Apple is investing in manufacturing facilities for LCD displays ranging from 3.5″ mobile displays to 50″ television displays.
    • Same stuff:
      • Apple could enable its television to manage a consumer’s live TV service from within a unified interface, like TiVo, but without a set-top box.
      • Apple could offer access to live TV from network programming in combination with Web-based video services.
      • Apple could offer monthly subscriptions on an a-la-carte basis for live TV packages with content from content providers; this is the most challenging scenario due to existing licensing arrangements, he notes.
    • BGR has photos from a source who says he's got an prototype iPad 3.
    • The photo shows a developer and debug tool called iBoot
    • specs show a quad core processor, the A6
- two models: WiFi only and WiFi + GSM/CDMA/LTE for all carriers
    • Then published pics of a nano that looks like it has a camera.

News Fuse





"Last week, Tom mentioned the Hawaii bill that would have required ISPs to record & save user history & other information for two years. Today, Rep. John Mizuno bowed to pressure & killed his own bill!

Yay! Countless Hawaii internet users sigh in relief. Guess John heard Tom was on the way...




  • ad times: :51-1:01 and 22:53-24:38

Production Information

  • Edited by: Jason
  • Notes:
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