Pandora Media Inc
shares plunged as much as 25 percent on Thursday, sending it below its IPO price and burning investors who had once clamored for a piece of what was touted as a red-hot sale.Pandora plunged on its first full day of trading, dipping past its $16 IPO price as analysts call the company overvalued.
The Pandora (NYSE:P) IPO is officially underwater. It has plunged 15 percent from Wednesday’s closing and is now trading at $14.80, below the IPO price of $16.00.
Microsoft Corp made available on Thursday a Windows 7-compatible test version of the software behind its hit Kinect motion-sensing game device, in the hope that developers will invent a host of hands-free features for standard PCs.
Apple management has bet all the success on Mac OS X Lion, holding back the release of new Mac until the software is ready to go.
Just because Apple couldn't cozy up to Facebook last year doesn't mean that they have no back-up plan for their social network venture. Apple applied for a new patent for what some are calling iDating or iDate.
Contrary to popular fears that cultivating Facebook friends will harm people's ability to make friends offline, research suggests that users of social networking sites have higher measures of social well-being.
A juror who contacted a defendant through the Facebook social networking website, causing a multi-million pound trial to collapse, was jailed for eight months on Thursday in a British legal first.
Israelis are cheesed off and they're turning to Facebook to spread the word.
Blackberry maker RIM’s first tablet PC, the PlayBook is officially launched on Thursday in UK, which may give a tough competition to Apple’s iPad 2, especially over the starting price tag.
The world’s first virtual heist was recorded when a BitCoin user found that his virtual currency was stolen
Google, which makes most of its revenue from search-based advertisements, is coming up with new ways to search faster.
KFC and Angry Birds collaboration may sound interesting but how successful can they be?
Facebook is launching a new HTML5-based platform, Project Spartan, with the target of mobile Safari to work on the iPhone and iPad.
Hewlett-Packard Co. sued Oracle Corp. in a period of eight months showing a sign of how badly the relationship between the information technology big shots has ragged.
Pandora Media Inc made a splashy public debut as investors shrugged off years of financial losses by the online radio company for the chance to get in on the red-hot market for startups.
LulzSec, an internet hacking group, is known for launching denial-of-service (DoS) attacks against websites. Some of its recent victims include The Escapist, Minecraft, League of Legends, and EVE Online.
The market for making phone calls over the Internet is set to more than double to $40 billion within five years, researchers said.
Pandora Media Inc opened 25 percent above its $16 IPO price per share in its stock market debut on Wednesday as investors flocked to get a piece of the latest Internet start up, even though it has yet to turn a profit.
Tablet PCs are the frenzy currently and you might be bombarded with the shiny displays of latest and greatest tablets, but if you do not have any business purpose, how useful is the gadget to you?
Facebook is speeding up to launch a photo-sharing iPhone app known as 'Hovertown' or 'WithPeople' to take on the mold of Instgram, according to a TechCrunch report.
Facebook dismisses the Inside Facebook report, calling it inaccurate, as the actual growth has been measured as a 21 percent in Facebook users in the United States in May.
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