Facebook and the big IPO letdown

Facebook’s IPO has raised hopes in Silicon Valley that the tech industry’s days of wine and roses will soon be back with hundreds of startups going public. Even President Obama seems excited. He recently proposed an “IPO on-ramp” to help young, smaller companies go public.

Why Sony’s Shu Yoshida thinks the PlayStation Vita will kill it in the U.S. compared to Japan (interview)

Shuhei Yoshida is in charge of all of the games that Sony makes internally for the PlayStation 3 and its other platforms. The president of worldwide studios for Sony Computer Entertainment was at the recent DICE Summit in Las Vegas, and he showed up with the PlayStation Vita, the new handheld gaming device that will launch on Feb. 22. in the U.S. Yoshida’s team helped shape the features of the Vita and has been busy making games for the system. All told, there are about 25 internal and externally developed titles arriving on the PS Vita on day one.

Following heavy criticism, Apple announces new investigation into Foxconn labor conditions

Last month saw several big stories on poor working conditions at the factories in China where makes Apple products. Chief executive Tim Cook initially responded by saying that Apple had nothing to apologize for. Now Apple has announced a series of special “voluntary audits” at Foxconn factories in Shenzen and Chengdu, China by the Fair Labor Association.

Activision’s Eric Hirshberg: Turning games into brands and other non-douche moves (exclusive interview)

Eric Hirshberg was an experiment when Activision Blizzard’s chief executive hired Hirshberg as CEO of the Activision Publishing division about 18 months ago. Hirshberg was an art-school graduate who rose through the ranks of the creative side of advertising and eventually became CEO of billion-dollar ad agency Deutsch LA. Most video game CEOs rise through the ranks of finance or game development. But Hirshberg was a lot more comfortable with a paint brush in his hands than a spreadsheet. But under Hirshberg, Activision Publishing has launched some of its most successful games in history, including Call of Duty: Black Ops and Call of Duty: Modern Warfare 3. At the DICE Summit in Las Vegas, Hirshberg talked about the experiment of an advertising creative person rising to the top of one of the world’s biggest video game companies.

Along with CIA takedown, information compromised at Homeland Security by Anonymous

The pace of attacks by cyber vigilantes seems to be increasing in 2012. Yesterday news broke that the website of the CIA was down, an attack for which Anonymous claimed responsibility. Today CNN is reporting that attacks also hit government agencies in Mexico and Alabama, and that “information was compromised” at Alabama’s Department of Homeland Security.

GamesBeat weekly roundup: DICE Summit news and more

Here’s some of the stories that ran only on GamesBeat this week. We’re running more stories exclusively on the GamesBeat section of VentureBeat now, particularly when the stories are mainly of interest to game readers. The broader interest stories are running on VentureBeat as well. And please visit the GamesBeat section to catch up on game news. We’re ramping up our game coverage, so you’ll find more and more news at GamesBeat.