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

With a background in consumer products and pop culture trends, JP Mangalindan has brought his ability to spot the next big things to his coverage of the tech industry for Fortune.com, writing on topics as diverse as the evolution of net neutrality and the influence of social media. A graduate of Fordham University, Mangalindan has written for GQ, Popular Science, Entertainment Weekly, and nymag.com. He lives in San Francisco.

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