HP planning to slash at least 25,000 jobs, say reports

Hewlett-Packard plans to cut between 25,000 and 30,000 jobs next week in a move to restructure the company, according to reports by Bloomberg and AllThingsD.

CEO Meg Whitman will announce the layoffs next Wednesday on a conference call with analysts …

Everyme, the truly private social network, arrives on Android and the web

Sitting at the intersection of group messaging and social networking is Everyme, a startup so zeroed in on private communication that it prevents sharing beyond its walls. Today the company, which allows users to post updates and photos to groups, …

Facebook to reengineer the IPO with all-night hackathon

To prove that the “Hacker Way” is alive and well at Facebook, the social network will be hosting an all-night, employee hackathon at its Menlo Park campus and satellite offices.

The event, dubbed Hackathon 31, is especially significant for the …

Spotify is pressing play on a new $220M round at a $4B valuation

Streaming music service Spotify is currently seeking a new mega-round of funding that could more than triple the startup’s current valuation, according to a New York Times report.

Spotify was previously estimated to hold a $1 billion valuation after closing …

Epic unveils Unreal Engine 4 for eye-popping next-generation game graphics

Epic Games revealed today its foundation for the next decade of graphics technology in video games. Speaking to Wired, Epic’s founder Tim Sweeney unveiled the Unreal Engine 4 technology.

The image above is from the new engine. It enables next-generation …

T-Mobile to offer new contract-free mobile data plans May 20th

Wireless carrier T-Mobile will soon offer new contract-free mobile broadband plans, which are designed for the growing number of Americans who prefer prepaid options to long-term contracts, the company said today.

T-Mobile is in a precarious position as the No. …

Check out Foodspotting’s new personalized picture menus for every restaurant

Foodspotting, once a repository for food porn, is branching out today with a new launch. The mobile app is now serving up personalized menus just for you, everywhere you go.

“We’re trying to be a picture menu for every restaurant, …

Rogue Anonymous hacker ‘Nyre’ takes responsibility for Pirate Bay DDoS attack

Eager content-deprived pirates were flummoxed on Wednesday by the news that The Pirate Bay had been taken offline by a massive distributed denial of service (DDoS) attack.

While suspicions were almost immediately leveled at the hacktivist group Anonymous, The Pirate …

Facebook Pages Manager: Now you can manage your pages from a new iPhone app

[Update: This appears to be a very soft launch. The app is available in the Canadian iTunes store, and apparently in the New Zealand and Australian iTunes stores as well, but is not accessible yet in the US. When …

Senators want to block Facebook’s Saverin from reentering the U.S (update)

Sparked by Facebook co-founder Eduardo Saverin’s renouncement of citizenship, two U.S. Senators are planning to unveil a new plan focused on preventing the super rich from dodging taxes.

Saverin has been taking quite a bit of heat over dropping his …

Facebook’s world takeover by the numbers

With eight years, $2.2 billion in funding, and 901 million users under its belt, Facebook is set to become a public company. Thanks to data compiled by analytics firm Nielsen, we can revisit some of the more memorable moments of …

Research: 44% of Facebook users will ‘never’ click sponsored ads

Turns out GM might have been on to something. New research from marketing agency Greenlight shows 44 percent of Facebook’s users say that they will “never” click on sponsored posts or display ads on Facebook.

UPDATE: Facebook sets $38 share …

Pinterest joins the billion dollar club: Gets $100M in round led by Rakuten

After Facebook’s surprising Instagram buy, it now seems like every hot startup needs to reach a billion dollar valuation to truly be taken seriously. So it was inevitable that Pinterest, the popular image pinboard site, would eventually skyrocket in value.…

Funding daily: go shopping for vintage clothes and Russian furniture

We’ve got a lot of stories this Wednesday for you. Click each link below to learn more about the day’s funding news.

If you’re hankering for more funding news throughout the day, you can subscribe to our Deals Channel RSS …

Facebook’s Saverin on giving up citizenship: “This had nothing to do with taxes”

Facebook co-founder Eduardo Saverin is taking quite a bit of heat for renouncing his U.S. citizenship prior to the social network giant’s estimated $100 billion IPO this Friday. And after apparently growing tired of people painting him as greedy, he’s …

Move things with your mind: BrainGate robotic arm is controlled by brain waves

Technology often comes together at the intersection of useful, important, and mind-boggling when it helps someone in need. Today BrainGate announced an invention that encompasses all three — a robotic arm controlled by your brain.

I constantly tried to move …

Are Facebook ads really that bad?

Facebook is getting ready for what may be history’s largest initial public offering for a tech company on Friday. But is it really a good business?

Maybe not, say an increasing number of critics, who point to how Facebook ads …