Facebook has raised a hefty $16 billion from its closely-watched $38 per share IPO, giving the company a valuation of $104 billion.
Apple to go green with data center by 2013
Apple has announced that its 500,000 square foot Carolina data center will be powered entirely by renewable energy by the end of the year, in response to criticism from Greenpeace over its energy consumption.
Hutch loses bid to block Eircom rescue plan
An Irish court has dismissed an application from Hutchison Whampoa to hold up the implementation of a plan to rescue Eircom from bankruptcy, and require Eircom's examiner to withdraw his effective refusal to consider Hutchison's takeover bid.
Smartphones set to rule roost in Thailand
Smartphones are expected to begin outselling feature phones in Thailand within the next three years, a research firm predicts. The smartphone segment already surpassed feature phones by sales revenue in the fourth quarter of 2011.
Apple valuation leads hedge funds to sell
Hedge funds took advantage of Apple’s soaring valuation in the first quarter, with the stock accounting for 6.1 million shares out of a total of 15.2 million sold during the period.
Social media site Pinterest has joined the billion dollar club, after netting $100 million in a funding round.
Iran may sue Google over nameless Gulf
The Iranian government is threatening to take Google to court for dropping the name “Persian Gulf” from the waterway bordering Iran and other Arab countries in Google Maps. The name of the water body is a subject of dispute between Iran and its neighbors, which call it the Arabian Gulf.
London police to extract suspects' phone data
London's Metropolitan Police have drawn the ire of privacy advocates by developing a system that extracts call logs, contacts and messages from the mobile phones of suspects detained in custody, and retains this data even if no charges are filed.