Facebook IPO frenzy topped tech headlines on Thursday with reports saying the social network will price its shares at $38, making it the largest tech IPO ever. This week there were the predictable "will Facebook flop?" discussions, which reached a fever pitch after General Motors decided to drop its $10 million ad campaign from the social network. For a look back at the IPO journey, see PCMag's coverage from the past few months, and stay tuned as Facebook makes its official Wall Street debut.
In related news, Sens. Charles Schumer and Bob Casey unveiled legislation intended to stop Americans from dodging taxes by dropping U.S. citizenship. The move comes after Facebook co-founder Eduardo Saverin renounced his U.S. citizenship ahead of the company's IPO, which could enrich him by several billion dollars.
The other big news of the day was Comcast's move to ditch its current 250GB data cap for residential Internet customers in favor of a plan that will provide at least 300GB of data per month. In the next few months, the provider will be trying out two approaches in select markets: a 300GB monthly cap for basic service and higher caps for more advanced levels of service, plus $10 for an additional 50GB; or 300GB for all tiers of service and $10 for 50GB more.
Also making headlines yesterday:
- Researchers Tackle Android Fragmentation, Find 4,000 Devices: New research from OpenSignalMaps found almost 4,000 distinct Android devices in the wild, stirring up the Android fragmentation debate once again.
- Twitter Joins 'Do Not Track' Initiative: Twitter has joined the industry-wide "Do Not Track" program, which Mozilla said Thursday continues to attract new users.
- Report: Jobs Wanted to Design an iCar Before His Death: Steve Jobs reportedly had ideas for redesigning all sorts of things beyond the computers and gadgets Apple makes—including yachts, staircases, and even the medical equipment he saw up close from his hospital bed.
- Facebook Hands Yahoo Legal Smackdown in Patent Fight: Days after Yahoo was once again forced to bid adieu to one of its CEOs, the company has apparently made a bit of a blunder in its patent battle against Facebook.
- Blizzard Apologizes for 'Diablo III' Bugs, Delays Real-Money Auction House: Blizzard Entertainment apologized for issues surrounding the launch of Diablo III and said that it would delay the launch of its real-money auction house until everything was back in order.
- Anonymous Targets Indian Govt Websites Over Censorship: Anonymous has gone after and taken down Indian government websites over the country's Internet censorship plan, which has resulted in the blocking of websites like The Pirate Bay and Vimeo.
- Apple Takes Control of iPhone5.com Domain: Apple has won control of the iPhone5.com domain after filing a complaint with the World Intellectual Property Organization (WIPO) earlier this month.
- Pinterest Raises $100 Million in Funding: Pinterest, the social media site that lets users to create virtual bulletin boards of items and products, just got a huge influx of cash.
- Wisconsin Second-Grader Wins 2012 'Doodle 4 Google' Contest: Wisconsin second-grader Dylan Hoffman won Google's latest "Doodle 4 Google" national contest, and will enjoy a $30,00 college scholarship.
For more from Angela, follow her on Twitter @amoscaritolo.
