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SEC Pressed Facebook On Zynga, Instagram And Zuckerberg's Control Pre-IPO

Facebook Lawsuits

Facebook went public just about a month ago, and on Friday the Securities & Exchange Commission released its correspondence with the social network in the months between its initial filing and the May 18 IPO.

Senh: Zynga makes up 19% of Facebook's revenue for 2011: “Please disclose that revenue from ads shown to users using Zynga apps on Facebook was approximately 7% of your revenue for 2011,” reads the April 10 letter from SEC Assistant Director Barbara Jacobs to Facebook CFO David Ebersman, “and that this is in addition to the 12% of your 2011 revenue derived from payments processing fees related to Zynga’s sale of virtual goods and direct advertising purchased by Zynga.”

 

Facebook to file motion, discuss Nasdaq role in IPO: report

Facebook is set to file a motion to consolidate all the shareholder lawsuits against the social network site, and is expected to place some blame on the Nasdaq for its botched IPO when it files the motion, the New York Times reported Thursday.

 

Yelp serves restaurant reviews to Microsoft's Bing

Yelp is feeding its online reviews of restaurants and other local merchants to Microsoft's Bing search engine in a move to compete against Zagat ratings on Google.

 

Facebook privacy vote was dud with a thud

Proving that Facebook should never become a real country, a recent user vote on privacy changes resulted in ... hardly anyone voting. "Hardly anyone" meant 342,632 votes — a smidgen of a smidgen of the social network's 900 million-plus users worldwide.

 

Dot-mayhem: The domain landgrab, by the numbers

ICANN

When the Internet Corporation for Assigned Names and Numbers decided to expand the domain landscape -- letting brands and anyone else with the money apply for the rights to own and run .anything -- it did so to create competition in a world of expanding demand.

Senh: ICANN made $357 million from this. Holy moly.

 

Apple to kill Ping, report says

Ping Social Network

Apple's social network Ping will be gone in the next release of iTunes, reports All Things Digital, citing sources close to the company.

 

Verizon data plans expected to be followed by AT&T, others

Verizon’s new data plans announced on Tuesday are expected to be followed by others in the industry as wireless firms focus their attention on charges for Internet data, according to analysts... The new plans, to launch June 28, are expected to motivate families to get more devices onto a single plan, according to analyst Craig Moffett, of Sanford C. Bernstein. That business strategy benefits the biggest wireless carriers — AT&T and Verizon Wireless — and presents new problems for competitors trying to chip away at those firms’ dominance.

 

Political groups target key voting demographic on Pinterest

A boom in users on the social media site — and the fact that more than two-thirds are women — is attracting political messages to the site best known for recipes, crafts and I-want-that images. In political persuasion, as in marketing, "it's always the next big hot thing," says Zac Moffatt, digital director for Republican Mitt Romney's presidential campaign. "And it's kind of hot right now."

 

End of dot-com era? New suffixes would allow companies to expand brands on Web

Internet Suffixes

If Google has its way, you won't need to type "Google.com" any more to do your searches. You can simply access the search engine at ".Google." Google's bid for ".Google" as an Internet suffix is among about 2,000 proposals submitted as part of the largest expansion of the Internet address system since its creation in the 1980s. Google Inc. also wants to add ".YouTube" and ".lol" - the digital shorthand for "laugh out loud." Others want approval for ".doctor," ".music" and ".bank."

 

Six-year Google Books spat ends

Google Books

Google has reached a deal with a publishing group to allow the scanning and publishing of books online - ending a six-year legal battle. A court ruled in 2009 that the search company was in breach of copyright infringement after it digitised a number of French books.

 

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