Today in Tech: Why 2012 will be huge for Internet IPOs

December 29, 2011: 6:00 AM ET

Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.

Yelp, led by co-founder and CEO Jeremy Stoppelman, is poised to go public next year.

* With both Facebook and Yelp poised to go public next year, the tech industry may raise $11 billion next year, making 2012 the biggest year for U.S. Internet IPOs since 1999 -- a year before the dot-com bubble burst. (Bloomberg)

* Should Research in Motion co-CEOs Jim Balsillie and Mike Lazaridis have been fired months, if not years, ago? (paidContent)

* A rare peek at Microsoft's Edison Lab, where the company is toiling away on technologies for a futuristic "magic wall," which "can teleport you to another world without really going anywhere." One tech innovation includes an LED light that recognizes human movements. (The Verge)

* Groupon reportedly acquired Campfire Labs, a service in the social networking space co-founded by ex-Googler Sakina Arsiwala and Naveen Koorakula. (TechCrunch)

* Online holiday shopping amounted to nearly $35 billion this year, a 15% increase over last year. (comScore)

* Everyone's familiar with the dangers of drinking while driving, but what about drinking while online shopping? (The New York Times)

* How tech shaped health and fitness this year. (The Next Web)

* Why Berlin could be Europe's newest tech hub. (GigaOm)

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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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