Today in Tech: T. Rowe Price invests $190 million in Facebook

April 18, 2011: 5:00 AM ET

A curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.

  • T. Rowe Price Group invested $190.5 million in Facebook, though at this point we're not sure at what valuation, along with $71.8 million in Zynga and $35.4 million in Angie's List, a service that compiles reviews of local contractors and doctors. (Wall Street Journal)
  • Sprint Nextel CEO Dan Hesse spoke out against AT&T's proposed $39 billion acquisition of T-Mobile USA, stating that the possible "duopoly" would seriously hamper innovation and consumer choice. "They could restrict our access to some of the cool devices," Hesse said. (New York Times)
  • Meet OnSwipe, one of the start-ups to emerge from the tech incubator TechStars in New York City last week. Co-founded by CEO Jason Baptiste, the company offers tools to help publishers quickly make their Web sites touch-friendly for iPad, iPhone, and Android devices . So far, it's has raised $1 million from venture capital firms like Spark Capital, Betaworks and Eniac Ventures. (New York Times)
  • Is the iPad responsible for thousands of unemployed Americans? That's what Representative Jesse Jackson Jr. from Illinois seems to think. "A few short weeks ago I came to the House floor after having purchased an iPad and said that I happened to believe, Mr. Speaker, that at some point in time this new device, which is now probably responsible for eliminating thousands of American jobs," he said. "Now Borders is closing stores because, why do you need to go to Borders anymore? Why do you need to go to Barnes & Noble? Buy an iPad and download your newspaper, download your book, download your magazine." (Real Clear Politics)
  • According to the Mercury News, the 150 biggest public companies in Silicon Valley, including Apple and Google, experienced their most profitable year in history last year, with their combined stock value reaching the highest level since the Internet boom in 2000. (Mercury News)
  • The real reason iPad reader Flipboard just clinched another $50 million in funding? Rumored competition from bigwigs like Google coming down the pike. (TechCrunch)
  • Square, the mobile payments service from Twitter co-founder Jack Dorsey, is on a roll -- the startup landed placement on Apple's Web site and will soon be available in-stores, too. (TechCrunch)
  • Sony may be catching up to Microsoft's hands-free gesture-sensing Kinect controller, reporting that it's sold 8 million Move controllers of its own. (Compare that to the Kinect's 10 million-plus, so far.) (All Things D)

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About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

JP Mangalindan is a San Francisco-based writer at Fortune, covering Silicon Valley. Since joining in 2010, he has written on a wide array of topics, from the turnaround of eBay to the evolution of net neutrality. A graduate of Fordham University, Mangalindan has also written for GQ, Popular Science, and Entertainment Weekly.

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