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Facebook to Set Final IPO Price Later Today (CNN Money)
Facebook’s long road to an initial public offering is coming to an end. Late Thursday, it will fill in one last piece of the puzzle: Its final IPO price. Mashable On Wednesday, Facebook announced that an extra 84 million shares will be added to its stock pool for sale. The extra shares will come entirely from insiders and early investors, according to the AP. Reuters But investors who want Facebook shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity’s brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies. CNET Facebook co-founder Eduardo Saverin, who is simultaneously becoming one of the richer and more reviled people around, wants to set the record straight. Saverin, who is now a citizen of Singapore after renouncing his U.S. citizenship, said his decision has nothing to do with taxes. Forbes All eyes are on Facebook this week in the lead-up to the social network’s initial public offering, but Google did all it could to steal back a little bit of glory on Wednesday. One of the biggest pieces of news was the search company’s addition of “Knowledge Graph” to its core product, a way to find answers without ever clicking a link and leaving the search results page.
Report: Pinterest Raising $120 Million to Fund International Expansion (Mashable)
Pinterest is raising $120 million in a funding round expected to be announced Thursday or Friday morning, according to multiple sources. The investment, Pinterest’s third, places the two-year-old social bookmarking site’s valuation in the range of $1 billion to $1.5 billion. The Wall Street Journal The funding is led by Japanese e-commerce site Rakuten, with Pinterest’s existing venture-capital investors such as Andreessen Horowitz, FirstMark Capital and Bessemer Venture Partners also participating, said the people familiar with the matter. Pinterest was last valued at $200 million in a funding round late last year. The New York Times/Gadgetwise Wherever Internet users go, scammers are sure to follow — even Pinterest. In a blog post, security software maker McAfee said it had discovered several money-making scams taking aim at Pinterest users.
Social Gaming to Gambling: States Inch Forward (paidContent)
It feels like an eternity that the casino industry and makers of games like Zynga Poker have been waiting for states to flip a legal switch that will let them turn virtual gaming into real gambling. The legal logjam could finally break in coming months as some states prepare to turn on the taps for new forms of gambling based on social media.
Flipboard + Public Radio Could be a Killer Combo (Nieman Journalism Lab)
Flipboard’s smorgasbord of lean-back content just got a big addition: audio. This week’s update brings in content from NPR, PRI and a host of independent podcast producers by way of social audio platform SoundCloud.
Social Media Success Story HootSuite Wants to Anchor Vancouver Area Tech Boom (The Canadian Press)
Vancouver-based HootSuite, which provides software for managing and analyzing a wide array of social media networks, is on track to double its user base and work force in 2012, and may be approaching a value of $500 million. Its CEO has visions of the company helping foster a community of Web entrepreneurs that could turn the city into a high-tech investment hub.
Bitly Reportedly Raising $20M and Launching a Viral Search Engine (VentureBeat)
Four-year-old link shortening service Bitly is reportedly working on raising a $20 million funding round and launching a few new products. The startup has apparently also moved out of incubator Betaworks and into its own space. If true, the round could help the company expand its link statistics service, which is a major part of its business.
SMS-based Facebook, Chat and Email Come to the Dominican Republic (The Next Web)
Dominicans can now update their Facebook status, send emails and chat via their feature phones without Internet access thanks to a new service called vSocial, the mobile service company ForgetMeNot Software has announced. This launch in the Dominican Republic is its first step into Latin America.
Bio-Terrorist Tweet From Parody Account Gets Diet Doctor Booted From Cruise (AllTwitter)
Dr. Jack Kruse was getting settled in to his cabin on the Carnival Magic as it sat in port in Galveston, Texas, when FBI agents and Homeland Security suddenly arrived. And they had lots of questions. Someone created a rogue Twitter account, attributed to Kruse, and sent a tweet declaring his intent to launch a bio-terrorist attack on the ship.
Aaron Sorkin, Writer of The Social Network, To Adapt Steve Jobs Film For Sony (AP)
Aaron Sorkin, who won the Academy Award for writing 2010′s The Social Network, will make a screenplay based on the Steve Jobs biography, according to Sony. Sorkin’s other credits include Charlie Wilson’s War and A Few Good Men. He also created TV’s The West Wing.