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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Fortune's curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.
Will Amazon release a smartphone? Photo: Bloomberg
* Hot on the heels of the Kindle Fire's launch comes speculation from Citigroup researchers that Amazon (AMZN) will launch a smartphone during the fourth quarter of next year. "Based on our supply chain check, we believe FIH is now jointly developing MORE
JP Mangalindan, Writer-Reporter - Nov 18, 2011 3:30 AM ET
What Yelp CEO Jeremy Stoppelman told the Senate antitrust panel about Google
Yelp's Stoppelman, Nextag's Katz, and former Justice Department antitrust director Thomas Barnett. Photo: AP
As feared, the Senate hearings Wednesday on "The Power of Google: Serving Customers or Threatening Competition?" barely scratched the surface.
What Google (GOOG) did to Apple (AAPL) -- copying Apple's touchscreen operating system and offering it to Apple's competitors for free -- never came up. Amy Klobuchar MORE
Philip Elmer-DeWitt - Sep 22, 2011 7:00 AM ET
The Senate hearings scheduled for Wednesday will only scratch the surface
Source: Google
Apple (AAPL) is conspicuously absent from the witness list for Wednesday's hearing on "The Power of Google" before the Senate Judiciary Subcommittee on Antitrust, Competition and Consumer Rights. Yelp! and Nextag will be represented, but Google (GOOG) has stepped on a lot more toes than theirs to maintain and extend its dominance of the Internet's sustaining source of revenue MORE
Philip Elmer-DeWitt - Sep 19, 2011 7:38 AM ET
How can this company, asks Brian S Hall, complain about anti-competitive behavior?
The open letter by Google's (GOOG) chief legal counsel attacking Apple (AAPL) and Microsoft (MSFT) and calling for government intervention (see here) has unleashed a flood of outraged responses, but none quite so full throated as the one posted by Brian S Hall on his Smartphone Wars blog.
The nut paragraph:
"If you have a monopoly business and generate monopoly profits and MORE
Philip Elmer-DeWitt - Aug 5, 2011 7:07 AM ET
First Yelp, now Groupon: Why hot startups -- especially those holding the key to "local" -- keep slipping through the search giant's fingers.
Image via Wikipedia
While the official confirmations have yet to land (and my colleague Dan Primack is following up on Groupon CEO Andrew Mason's hopefully tongue-in-cheek offer to discuss the finer points of his affection for miniature dollhouses), it's looking like talks between Google and Groupon have fallen MORE
Paul Smalera - Dec 4, 2010 2:09 PM ET
Is $5.3 billion an astronomical amount to get the popular deal-a-day web site? Not really. Here's why.
If Google's $5.3 billion offer goes through later this week as suggested, it could be Groupon's lucky day.
Not that luck has been really necessary for the Chicago-based, deal-a-day e-commerce site, which delivers daily discounts and deals from local businesses to 30 million users across 500 markets in 30 countries. Since CEO Andrew Mason launched MORE
JP Mangalindan, Writer-Reporter - Nov 30, 2010 3:52 PM ET
Despite rumored bids from Google and Yahoo and lawsuits from disgruntled small businesses, Geoff Donaker says the popular listings service is right where it wants to be -- connecting with the young and affluent.
Over the last year, popular business listings site Yelp experienced several notable developments -- and not all of them were welcome. The company founded in 2004 by former PayPal employees Jeremy Stoppelman and Russell Simmons, now serves MORE
JP Mangalindan, Writer-Reporter - Oct 12, 2010 11:56 AM ET
After years of stasis, Pandora is on the verge of being rewarded for recent growth with a fat check. But can Elevation Partners' Roger McNamee -- even with U2's Bono in the backseat -- pick a winner?
By Chadwick Matlin, contributor
Pandora, that online music station you likely have open in another tab right now, is on the verge of adopting a new sugardaddy. Elevation Partners, the venture capital firm most famous for its MORE
Aug 26, 2010 11:47 AM ET
The site is making some changes, not to placate critics, but to prove they've been wrong all along. By Paul Smalera, senior editor
Yelp co-founders Jeremy Stoppelman (left) and Russel Simmons (right)
"Some businesses are never going to be happy with a paradigm that allows customers to comment, or makes them have to have to earn their content," Vince Sollitto of Yelp tells me
It's hard to argue. As Yelp has grown MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |
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