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This week has not been good to Facebook, nor have the past several weeks. The social media giant's stock has been hammered for days, at one point touching $19 per share -- half of its IPO valuation months ago. It still is within a stone's throw of that marker with a Tuesday close of $19.16 per share...

A memo circulating internally at HP tells of a new mobile initiative being plotted by the computer maker. The memo was penned by Todd Bradley, who is in charge of the company's recently merged Printing and Personal Systems Group. The company is creating a new Mobility business unit responsible for "...

By now Facebook must rue the day it went public -- or at least rue its initial offering price of $38 per share. On Thursday, the company's stock closed at $19.88, after hitting a low of $19.69. Early Friday, it hit a new low of $19.01 -- half its IPO value, plus a penny. By mid-day, it had recovered...

The fixes Sony made to its PlayStation Network last year after its system was hacked may not have made it impenetrable: Reports are circulating that the hacktivist group Anonymous has breached the network again. The rumors started with a tweet posted to the group's account that has since been taken ...

U.S. District Judge Lucy Koh is nothing if not persistent. Even though an earlier order for the CEOs of Apple and Samsung to speak to each other to avoid a lengthy trial did not yield anything positive, she is asking the two men to try again. With the jury set to begin deliberating over the companie...

Wall Street has been in a foul mood over Internet stocks, and online professional recommendation company Angie's List has not escape the market's wrath. Its stock fell 15 percent on Tuesday -- a selloff that appears to be largely related to the end of a 90-day lockup period for shares issued in a se...

Barnes & Noble has dropped the prices on its Nook tablet product line with the Nook Color, the 8 GB Nook Tablet and the16 GB Nook Tablet now retailing for (US)$150, $180 and $200 respectively. That amounts to a $20 reduction from the Color's original price and $50 the 16 GB device. Now averaging...

Barnes & Noble has dropped the prices on its Nook tablet product line with the Nook Color, the 8 GB Nook Tablet and the16 GB Nook Tablet now retailing for (US)$150, $180 and $200 respectively. That amounts to a $20 reduction from the Color's original price and $50 the 16 GB device. Now averaging...

App.net founder Dalton Caldwell watched the social Web's trajectory with admiration and then dismay over the years. From all accounts, he liked its initial promise. As it morphed into a commercialized, ad-supported ecosystem of products, however, he apparently grew disillusioned. Hence the crowd-fun...

IBM reportedly has expressed interest in acquiring the heart of Research In Motion's operations -- its enterprise services unit. This is not the first indication of a company's interest in acquiring part of the ailing BlackBerry maker, and RIM's executives have said they would consider "all options"...

New online book publisher StoryBundle is taking a leap of faith with its customer base: Readers get to decide how much to pay. StoryBundle, which launched this week, offers readers five e-books written by independent authors in one bundle. The bundles are grouped according to genre. First out of th...

HP dropped a bombshell on the investment community: The tech conglomerate said it was taking a goodwill charge, or write-down of $8 billion. It didn't say for what exactly -- just that it stems from the recent trading values of HP's stock, coupled with market conditions and business trends within th...

Facebook announced Tuesday that it is testing a new ad program for mobile apps in a limited beta. The system is aimed at iOS and Android developers who want to grow the audience for their apps, according to Facebook engineer Vijaye Raji. Anyone who clicks on an ad for an app will be sent to the App ...

Facebook on Tuesday launched "Bingo & Slots Friendzy" -- a bingo game that uses real money -- exclusively for its members in the UK. As with all of its apps, Facebook is taking 30 percent of the revenue. Facebook has its fingers in numerous revenue-generating pies. To name a few examples, it is ...

Electronics Arts on Friday filed a lawsuit alleging that Zynga's "The Ville" infringes its copyright for "The Sims Social." EA filed the suit on behalf of the studio Maxis on the basis that Zynga copied "original and distinctive expressive elements" of "The Sims Social," according to Lucy Bradshaw, ...

It is hard to remember that only a few months ago, the market was greedily speculating about how high Facebook's stock might go. Fast-forward to one IPO debacle, several negative research reports, the departure of several top executives, and a lukewarm earnings report, and the question is now fearfu...

Samsung ranked as the top smartphone in the U.S. for the three-month average period ending in June, claiming 25.6 percent of mobile subscribers, according to the comScore MobiLens service. LG followed, with its 18.8 percent share. Apple ranked third in the OEM market, claiming 15.4 percent of mobi...

Facebook is a great company with a massive following -- and a lousy stock price. Facebook erred greatly when it priced its stock at $38 per share for many reasons -- not the least of which is that everything it will ever do will be viewed through that overpriced prism. "If the stock had been price...

Amazon reported late Thursday that its Q2 net income had dropped an astounding 96 percent, but the market didn't seem to mind. Its stock jumped nearly 8 percent in Friday trading -- never mind the fact that it posted a net income of $7 million compared to $191 million in the second quarter of 2011. ...

Foursquare is following up on a feature it introduced last week that layers on new ad functionality for brands seeking to target local customers. Unveiled last week, "Local Updates" lets users keep up with places they like in their Friends tab. Now the social service has rolled out "Promoted Updat...