Ripping CDs in iTunes now illegal in UK, prosecution unlikely
A recent ruling by the United Kingdom's High Court has technically made the copying of CDs illegal in the country. A law that allowed the legal copying of copyrighted content for personal use, put into place only last year, has been overturned in the last few months after pressure from music industry groups, with the country's Intellectual Property Office (IPO) advising this technically makes software functions for ripping CDs to MP3, such as within iTunes, illegal once more.
Trillion-yen Line IPO could include dual listing with New York Stock Exchange
Line Corp has applied for an initial public offering (IPO) on the Tokyo Stock Exchange, according to a rumor. The operator of the messaging service of the same name, owned by Naver of South Korea, is said to have made the request to the exchange two weeks ago, with the company claimed to be valued at over 1 trillion yen ($9.8 billion) by report sources.
First attempt in 2006 failed due to unfavorable market conditions
According to sources familiar with the matter, domain name registrar GoDaddy is preparing for an initial public offering. Reportedly, the company is interviewing banks, who ultimately would lead to the underwriting of the IPO with a goal of trading commencing in the second half of 2014. Adding weight to remarks from the CEO from 2013 saying that an IPO was possible in 2014, GoDaddy seems to be primed to have a growth in profits. According to reports at the turn of the new year, GoDaddy's revenues are expected to climb nearly 10 percent in 2014.
Xbox One's Titanfall Special Edition Bundle now available for pre-order
Multiplayer game Titanfall is now available for pre-order as part of a special edition console bundle, according to Xbox One's blog. Titanfall will utilize new patty and chat improvements that have been in development for Xbox One, as well as multiplayer alerts for matches while users are watching TV, and more. In light of the game's upcoming launch, Xbox and Titanfall's creators -- Respawn Entertainment and Electronic Arts -- have announced the Xbox One Titanfall Bundle, priced at $500. The bundle includes a digital download of Titanfall, an Xbox One console and Kinect sensor, a wireless controller, a chat headset, and a one month Xbox Live Gold membership. The pre-order has begun, with the bundle available officially March 11.
Company is responsible for screens in current iPhones
Japan Display, the company currently responsible for manufacturing some of the screens for Apple's iPhone 5c and 5s, are readying an IPO offering to raise $4 billion in capital to expand production capacity and aid in development of future technologies. The company, formed of the display units from Hitachi, Sony and Toshiba and Japanese government backing, currently holds a 17 percent share of small and medium-sized displays in the world market.
Share price change expected to net the company $1.8B
Twitter has updated the set price per share for its Initial Public Offering (IPO) to $26 each, potentially valuing the company at $18 billion. The offering of 70 million shares is up from the previous expected range of $17 to $20 per share, and in the process earns the company $1.82 billion, along with increasing the overall valuation of the company even higher.
Nine business days, 1.3 million shares sold
As previously reported, Facebook co-founder Dustin Moskovitz disclosed on August 24 that he had sold 900,000 shares of Facebook stock over the six business days following the "lockup" of the stock awarded to him during the IPO. According to filings with the Securities and Exchange Commission (SEC) he has been continuing this trend, and has shed another 450,000 at a rate of 150,000 per day from Monday through Wednesday.
Upcoming wave of insider sales in October feared
Two Facebook insiders have sold massive amounts of shares awarded to them during the highly-anticipated IPO in the last two weeks. Earlier this week, Peter Thiel sold $400 million worth of shares in the company. Adding to that, Facebook co-founder Dustin Moskovitz sold 900,000 shares in the course of the last six consecutive business days.
Morgan Stanley allegedly warns investors on Facebook revenue estimates
The Facebook initial public offering (IPO) may have been hampered by the bank that brought the social network to Wall Street. The LA Times writes, Morgan Stanley was advising favored clients on reduced revenue estimates for Facebook, leading Wall Street insiders to avoid or drop shares. The US Securities and Exchange Commission will be looking into the Facebook IPO, with the Financial Industrial Regulatory Authority also expressing concern, particularly as this resulted in non-institutional investors with more shares than they had intended. With Facebook shares expected to be scarce, some investors over-ordered in the belief that they might miss out if they didn't, leaving them more exposed than they had planned.
Social network gets largest tech IPO on record
Facebook sold 421.2 million shares at $38 each today, Bloomberg reports, raising $16 billion in the largest initial public offering by a technology company in history. The offering caps a storied past few weeks that saw representatives from the social network attempting to build investor confidence, even as reports emerged from other sectors that could well have undercut confidence in the company.
Zuckerberg's role in roadshow unclear
In the buildup to Facebook, Inc's initial public offering (IPO), preparations are underway to launch an IPO roadshow. The roadshow is expected to begin on May 7, with a projected start of share trading two weeks later on May 18.
Facebook looks to plug weakness in revenue stream
Facebook may run mobile ads before its IPO takes effect. Its S-1 filing revealed that one of the company’s revenue soft spots was in the level of income generated from mobile devices. With mobile devices rapidly becoming one of the most common ways of connecting to Facebook and the Internet for users, the company looks to be moving quickly to address the perceived weakness.
The Google effect
The internet has become a very profitable place to run business, especially since Google's IPO in 2004, when a mass amount of money started flowing through the virtual economy, causing some to coin the term "the Google effect". As Google's stock took off, employees began cashing in options, prompting some to buy luxuries like $15,000 custom bikes, and $650,00 boats. Dispatch.com reports that Mercury News recently unveiled an analysis of company documents filed with the Securities and Exchange Commission reveal that Google generated more than $19 billion from 2004 to 2006, which could have exceeded $50 billion, due to the multiplier effect – every dollar of spending theoretically creates two or three dollars in economic activity.