Windows 8, Facebook IPO troubles, mobile advertising challenges, and what a hot lawsuit against a Silicon Valley VC means for women in technology.
Read on to see the stories making headline news on the tech scene this week!
It’s official: this morning, shortly after 9:30AM EST, when the NYSE opens, a few people on this planet will enter into a new tax bracket (at 11:30AM to be percise).
Facebook (NASDAQ: FB) yesterday evening announced pricing of $38 per share for its initial public offering of 421MM shares of common stock, to take place today. Facebook will offer shares (all 180 million + of them) for trading under the NASDAQ symbol “FB.” In addition, selling stockholders (who are about to get mega paid) are offering 240MM shares of Class A common stock.
The most important thing to carriers besides subscribers is mobile spectrum; but by next year, according to CNN Money, the FCC could experience what is known as a “Spectrum Crunch” where there will be no more airwaves to pass around. This comes at a time where mobile carriers need spectrum the most as data hogging smartphones, such as the Apple iPhone, use up all their spectrum. If carriers don’t get enough spectrum soon, the result will be dropped calls and slow data speeds. So what are the big 4 mobile carriers going to do about this? They’re going to do the best they can to get a much spectrum as possible, but it won’t be pretty. In fact, its going to be gruesome and here’s why.