Fidelity, Knight problems add to Nasdaq's Facebook woes

(Reuters) - The repercussions from Facebook's botched initial public offering deepened on Thursday as Fidelity Investments found itself dealing with "thousands" of customers with order problems and Knight Capital demanded tens of millions of dollars in compensation from Nasdaq for trading-related losses. The pressure on Nasdaq in particular was intense, not only from investor lawsuits and angry customers, but from the outside prospect it could lose the Facebook listing entirely after having just obtained it. Facebook shares added a penny to $32. ...

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. ...

Short interest in Facebook rises: Data Explorers

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

Facebook shares to disappoint for several quarters: analyst

888 sees Spain tax bill under $10 million: source

China looks to tap into photo-sharing craze

When Facebook announced it was shelling out around US$1 billion to take on the free photo-sharing outfit Instagram in April, the reverberations were heard right across the globe.

Google+ trends: 'Diablo III' fastest-selling game in history, search for #1 AKB48 fan

Fantasy action role-playing game Diablo III is now the fastest-selling video game in history with more than 3.5 million copies sold within the first 24 hours and 6.3 million copies sold within the first week.

Twitter index: Tweeps show love for 'American Idol' finalist Jessica Sanchez

While 16-year-old American Idol contestant Jessica Sanchez was beaten by 21-year-old Phillip Phillips during the reality TV show finale, Tweeps have taken the battle online and are showing her that she won something even more important: their love.

Jury deals big blow to Oracle in Android case versus Google

SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a fight between the two Silicon Valley giants over smartphone technology. In a case that examined whether computer language that connects programs and operating systems can be copyrighted, Oracle claimed Google's Android tramples on its intellectual property rights to the Java programming language. ...

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. ...

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

Facebook’s record-breaking IPO put into perspective

Facebook made its initial public offering last Friday and while it didn’t go as smoothly as many had hoped, the offering was still the largest of its kind. Facebook stock began trading at $42 on Friday before closing just above $38, the IPO price set by bankers the night before. The stock has since slid further, touching $30 in pre-market trading on Wednesday morning, and media coverage has turned sour as investors continue to balk. All things considered, however, the $16 billion Facebook raised on Friday smashed Google’s earlier record by more than eight times and made Facebook’s offering the biggest in Internet IPO history. To put things in perspective as Facebook’s stock battles to climb back to the $38 mark

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Jury: Google didn't infringe on Oracle patents

Google cleared in Oracle suit on patents

A jury on Wednesday declared Google innocent of patent infringement in a high-stakes court battle pitting business software titan Oracle against the Internet giant.

Google did not infringe Oracle’s patents with Android

In the widely publicized patent infringement case between Google and Oracle, a San Francisco jury on Wednesday found that Google’s Android operating system does not infringe Oracle’s patents. Jurors have been dismissed and Judge William Aslup of the U.S. District court of Northern California exonerated the Internet giant of any wrong doing. The verdict marks the end of the trial’s second phase, which focused on patent infringement claims. Google earlier this month was found to have infringed Oracle’s copyrights, however, and the proceedings are set to resume on Tuesday morning. [Via The Verge] Read

French rights groups want Google to stop suggesting 'Jew'

A French judge on Wednesday asked a mediator to resolve a dispute pitting Internet giant Google against anti-racism groups who object to the search engine suggesting users add "Jew" to name searches.

Lawmakers Call for an End to Internet Anonymity

Yahoo under Levinsohn seen shifting to content, advertising

SAN FRANCISCO (Reuters) - With two of its most distracting conflicts resolved in the past week and a half, Yahoo Inc hopes its new interim chief executive can focus on the biggest challenge of all: turning the company into an entertainment and information destination that wins back the advertising dollars flowing elsewhere. While ousted predecessors Scott Thompson and Carol Bartz were seen as technologists, Ross Levinsohn has managed Internet efforts at such mainstream media companies as CBS and Rupert Murdoch's News Corp. ...