SOFTWARE

Groupon Backers Desert Daily Deal Site

Groupon plans to raise $540 million, instead of its original goal of $1 billion, before going public in 2012.
Internet finance mogul Marc Andreessen, who invested $40 in the company months before it went public last November, has cashed out, while investors Fidelity and Maverick Capital have sold a large portion of their shares.
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Facebook Plunges To Latest Record Low After Lockup Ends

Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, fell to a new record low of $19.01 in midday Friday trading, a day after insiders were allowed to sell as many as 241 million shares they had been required to hold since the May 17 initial public offering.
'Oh My Dayum': Songified Five Guys Review Goes Viral [VIDEO]

'Oh My Dayum': Songified Five Guys Review Goes Viral [VIDEO]

The Gregory Brothers' songified remix of Big Daym's Five Guys review, also known as "Oh My Dayum," has been on YouTube for one day, and yet it's already achieved viral status. The film has nearly 30,000 likes and more than 423,000 views in the 24 hours it was posted online. The video is embedded at the bottom of the page.
Mark Zuckerberg

Facebook’s Lockup Ends: 5 Things To Know

Thursday frees holders of as many as 271 million shares of Facebook (Nasdaq: FB), the No. 1 social networking site, to sell them for the first time since the first-day trading fiasco on May 18, when shares that had been priced at $38 first traded at $42.05, then didn’t trade for 30 minutes and closed at $38.23.
Limbaugh

Limbaugh Boycott Draws Blood: Cumulus Media Cites ‘Drag’ in 2Q Revenue

Liberal groups that have been boycotting radio broadcaster Rush Limbaugh for months have apparently drawn blood: aside from winning withdrawals of more than 100 advertisers, second-quarter revenue from 10 stations owned by Cumulus Media (Nasdaq: CMLS) declined due to the boycott, CEO Jim Dickey said.
John Chambers, CEO of Cisco Systems, speaks during a news conference at at the 2010 International Consumer Electronics Show (CES) in Las Vegas

Cisco’s 4Q Results: Major Tech Bellwether For HP, Oracle

Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, is scheduled to report fourth-quarter results Wednesday that are expected to be much better than last year’s when CEO John Chambers said the company was overmanned and was in the midst of layoffs and retrenchment.
Groupon Inc. (Nasdaq:GRPN) saw shares in the company drop by nearly a quarter of their total value Tuesday -- to all time-lows -- after the Chicago-based daily-deals business reported revenue figures that badly missed analyst expectations.

Today's Daily Deal: 23% Off on Groupon Shares

Groupon Inc. (Nasdaq:GRPN) saw shares in the company drop by nearly a quarter of their total value Tuesday -- to all time-lows -- after the Chicago-based daily-deals business reported revenue figures that badly missed analyst expectations.
Google Buys Frommer's To Compete With Apple, Yelp

Google Buys Frommer's To Compete With Apple, Yelp

Google has reportedly purchased the rights to the Frommer's travel brand from publisher John Wiley & Sons for an undisclosed sum, according to The Wall Street Journal, presumably to bolster its local reviews of small businesses, restaurants, sights and destinations around the globe. With the combination of Frommer's and Zagat, Google will be able to give audiences plenty of ways to view reviews and/or ratings of local businesses around the world throughout its mobile Android platf...
App.Net: Do People Really Want A Paid Twitter Alternative?

App.Net: Do People Really Want A Paid Twitter Alternative?

Dalton Caldwell, the digital entrepreneur who sometimes enjoys writing angry open letters to Mark Zuckerberg, believes people would prefer a paid version of Twitter where they're not constantly sold to by advertisers, but one where developers and the users are the center of the social experience. Caldwell said he was "inspired to build exactly the service I wanted manifested myself," which he calls App.Net. Now that he's successfully raised his funds, here comes the tough part: Makin...
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Idaho Plane Crash Caught On Tape Goes Viral [VIDEO]

A two-minute-long video taken from inside the cockpit of a small airplane that crashed into a protected wilderness area in Idaho in June with four passengers aboard has gone viral online after being uploaded to YouTube by survivors.

Facebook Settles Privacy Complaints With FTC Without Fines

Facebook (Nasdaq: FB), the No. 1 social networking site, has finally settled charges with the U.S. Federal Trade Commission that it deceived members about their privacy rights. Although it won’t pay a fine, it agreed to be monitored by the FTC for 20 years. If violations are found, it could be subjected to civil penalties up to $16,000 per offense.
Lloyd Soccer

After US Women's Soccer Defeats Japan For Olympic Gold, 'Pearl Harbor' and Racial Slurs Begin Trending On Twitter

For the third straight Olympic Games, the US Women's soccer team won the gold medal, defeating Japan in a stunning rematch after their loss at the World Cup. However, in a terrible display of humanity, immediately following the match, the terms "pearl harbor" and "japs" began trending on Twitter, showing that even when the Olympics inspire different nations to come together, some people are just terrible.
Steam

Valve To Offer Non-Gaming Software On Steam

Software and video game developer Valve is opening its digital distribution and gaming service platform Steam to include additional types of software. The new content will begin to arrive on the platform as early as September.

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