The severe Facebook revenue revisions that sent investors running

May 23, 2012 1:09 PM Jennifer Van Grove

In the convoluted case of the botched Facebook IPO, the story goes that the social network’s underwriters, with guidance from a Facebook executive, reduced their 2012 earnings estimates, shared that material information with a few, preferred investors, and let institutional …

HP plans to lay off 27,000 people — 8 percent of the workforce

May 23, 2012 1:09 PM Dean Takahashi

Dean Takahashi

Stung by its failures in the mobile computing business, Hewlett-Packard said it would cut 27,000 jobs today. That amounts to 8 percent of its 325,000-person work force.

The cuts will be implemented by October 2014, giving employees affected considerable time …

Biometrics could save you from the airport security line, says Clear

May 23, 2012 12:36 PM Meghan Kelly

Meghan Kelly

Clear is a brave company. It’s trying to solve one of the most frustrating, sometimes stressful, and time-consuming processes we face every year: the airport security line.

Clear uses biometrics to usher flyers through the TSA line quickly and, as …

Tour the updated Google Search iPhone app… with bunnies

May 23, 2012 12:27 PM Heather Kelly

Heather Kelly

Google released an update to its Google Search iPhone app today, adding a few small features and tweaks that should make searching faster and more intuitive. Let’s take a visual tour of what’s new in the app by searching for …

U.S. tech team tries to attract developers to government, pledges to use open data

May 23, 2012 11:40 AM Sean Ludwig

Sean Ludwig

The CTO and CIO of the U.S. government have announced a new digital roadmap for the U.S. that encourages the further use of open data, and tries to inspire developers to work for the government.

“We have an opportunity to …

DocStoc unleashes 30 free iPad and iPhone apps for business types

May 23, 2012 11:31 AM Jolie O'Dell

Jolie O'Dell

If you use your iPad for work, have we got a haul for you. DocStoc has just dumped a massive hoard of iPad apps for business users onto the App Store, and they’re all free.

The apps will also work …

What your web browser says about how you shop online

May 23, 2012 11:06 AM Joshua Bixby

Guest Post

In the tech community, everyone has pet stereotypes about different browser users. “Chrome users are nerds.” “IE users are old.” There’s no shortage of theories. What’s lacking is hard data about what these different browser users actually do online: how …

Lenovo jumps to No. 2 in global PC share on $29.6B in annual sales

May 23, 2012 10:48 AM Ricardo Bilton

Ricardo Bilton

With tablets eating into PC sales, maintaining growth has been tough business for PC vendors.

And yet Lenovo is still going strong. The company posted fourth quarter 2012 sales of $7.5 billion, an increase of 54 percent over the previous …

Google VP: Two-thirds of our acquisitions have been successful

May 23, 2012 10:02 AM Sean Ludwig

Sean Ludwig

Google Vice President David Lawee said today that two-thirds of Google’s acquisitions over the years have been successful, an important statement following the close of its $12.5 billion Motorola buy this week.

Lawee was being interviewed on stage by CrunchFund …

Help us celebrate 100,000 Facebook Likes and have dinner with us!

May 23, 2012 10:00 AM Matt Marshall

Matt Marshall

VentureBeat is quickly approaching a major milestone. By the end of this week, we’ll have reached 100,000 likes on our Facebook page. That’s a testament to you, our awesome community of readers who have joined us along the way.

Facebook …

Matt Marshall to speak at beLAUNCH, Korea’s first global startup event

May 23, 2012 9:30 AM VentureBeat Staff

Next month in June, Korean tech blog beSUCCESS is hosting the beLAUNCH conference to showcase the coolest and most disruptive startups from South Korea and other Asian countries. VentureBeat Founder & Editor-in-Chief Matt Marshall and writer Meghan Kelly are participating …

Facebook shareholders sue company and its bankers over fishy IPO

May 23, 2012 9:20 AM Devindra Hardawar

Devindra Hardawar

Facebook shareholders have filed a class action lawsuit against the social network, as well as underwriting banks including Morgan Stanley, over its first-day trading slide, the law firm Robbins Geller Rudman & Dowd announced this morning.

The suit alleges that …

TextMe turns your iPod into a phone with today’s launch (exclusive)

May 23, 2012 9:03 AM Meghan Kelly

Meghan Kelly

Given the chance, you would probably turn your iPod Touch into a fully working iPhone, right? TextMe is launching in the U.S. today with an app that will get you close to that dream.

“The real vision is to deliver …

Adrian Grenier and his beer startup Churchkey crack open morning brews

May 23, 2012 8:37 AM Sean Ludwig

Sean Ludwig

It’s fairly common for drinks to be had at tech conferences, but this morning beer startup Churchkey got things started a little earlier than usual by cracking open brews on-stage at 10:30 a.m.

Churchkey Can was started by actor Adrian …

IBM welcomes your iPhone, but leave Siri at home

May 23, 2012 8:20 AM Ricardo Bilton

Ricardo Bilton

The iPhone may be becoming more popular among business users. But Siri? She’s not so welcome.

IBM has turned off Apple’s voice assistant service on employee phones over concerns that queries could be stored on servers, IBM CTO Jeanette Horan …

Airtime nabs $25M weeks before launch, snaps up social experience startup Erly

May 23, 2012 8:02 AM Devindra Hardawar

Devindra Hardawar

Sean Parker’s mystery video startup AirTime is set to debut on June 5th, but that’s not stopping the company from making news today.

AirTime has received $25 million in second round funding led by Kleiner Perkins, and it has acquired …

Qwiki takes its multimedia presentation technology to the newsroom

May 23, 2012 7:30 AM Jennifer Van Grove

Jennifer Van Grove

Startup Qwiki wants to change the way we experience information, and today it’s releasing a news reporting tool that brings its technology to publishers.

Qwiki Creator, launched today in partnership with ABC News, merges web video and content for interactive …