http://usat.me?38770896
Love the part where Steve demos podcasting and plays Adam Curry’s Daily Source Code. Hilarious.
This is a very interesting video to watch today, as it was pre-iPhone and pre-health problems.
iPad magic (via salarymagican)
Apple Passes Microsoft to Become Second-Largest U.S. Company by Market Capitalization
Wednesday May 26, 2010 01:21 PM EST
Written by Eric Slivka
In the less-than-three months since Apple first passed Wal-Mart to hold the third highest market capitalization among U.S. companies, Apple’s stock price has continued to increase while second-place Microsoft has seen its shares drift downward. The combination of events has quickly closed the gap between the two companies, and today Apple finally surpassed Microsoft in market capitalization for the first time, although second-by-second fluctuations currently see the two companies frequently swapping positions.Market capitalization is a popular metric for assessing the size of a company as a representation of the investing public’s notion of the company’s worth. The figure is derived by simply multiplying the number of outstanding shares of the company’s stock by the share price.
In the case of Apple, slightly over 900 million shares outstanding times over $250 per share yields a market capitalization of about $228 billion. Microsoft, meanwhile, has a share price of only slightly over $26.00 but over 8.75 billion shares outstanding, giving it a nearly equal market capitalization to Apple.With Apple and Microsoft now neck-and-neck, only Exxon Mobil’s $282 billion market capitalization remains significantly ahead of Apple’s among U.S. companies. Exxon Mobil’s shares have dropped significantly over the past month, bringing its market capitalization down from a high of over $325 billion.
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Holy applesauce! Apple is #2 most valuable company in USA!!
It’s been a rough couple of weeks for Facebook CEO and co-founder Mark Zuckerberg.
Facebook’s new privacy policies have sparked a user backlash, with over ten thousand users organizing a coordinated exodus from the site on Quit Facebook Day.
But that’s not the only thing troubling the 26-year-old social media tycoon. Zuckerberg is now facing allegations of securities fraud regarding the out-of-court settlement Facebook made with a rival company whose owners claim Zuckerberg stole their source code.
These allegations have followed Zuckerberg since his Harvard days, when he was hired by a student-run dating website called Harvard Connection (now called ConnectU), which at the time was similar to Zuckerberg’s startup TheFacebook. Tyler and Cameron Winklevoss, the creators of ConnectU, brought suit against Facebook in 2003. They settled for a reported $65 million in 2008 and turned ConnectU over to Facebook.
(The case’s shady details have become something of a legend, spawning a book (Accidental Billionaires) and an upcoming film called The Social Network.)
The Winklevoss twins are now trying to appeal their settlement on the grounds that they were shortchanged by Facebook. VentureBeat has the details:
The ConnectU cofounders are arguing that Facebook executives and lawyers presented the cash-and-stock offer’s value as $65 million, relying on a valuation of $15 billion that Microsoft paid in 2007 when buying preferred shares in the company. The settlement, however, was to be paid in common shares, not preferred shares, which Facebook itself valued at roughly 75 percent less for the purposes of calculating taxes on stock-based compensation — cutting the settlement’s offer roughly in half.Read more about the securities fraud allegations at VentureBeat.
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More on Facebook and privacy:
Karma.
This is simply remarkable to watch. I’m impressed with the Lego-based robot more than the Droid’s performance here, but it’s all impressive. A promotional video by the people who make the ARM processor.
Wonder if an iPhone 3GS would do it faster?
See the full article on Engadget.
