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Knight Accepts Nasdaq's $62 Million Facebook Payback Plan

After initially criticizing Nasdaq OMX Group for its response to Facebook's botched initial public offering, trading firm Knight Capital Group Inc said it accepted the exchange's latest plan to pay back brokers a portion of their losses.

Zuckerberg Pal Moskovitz Sells More Facebook Shares

Dustin Moskovitz
Dustin Moskovitz, the Facebook (Nasdaq: FB) co-founder, sold 450,000 more shares this week to raise about $8.9 million, a week after he sold his first tranche of 450,000 shares when the lock-up period for insiders expired.
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Yelp Shares Soar 25% As Lockup Expires Contra Facebook’s Huge Decline

Shares of Yelp Inc. (Nasdaq: YELP), the provider of online reviews of local businesses and restaurants, surged more than 25 percent Wednesday as the lock-up period for insiders expired, allowing them to sell stock in the San Francisco-based company for the first time since its march 1 initial public offering.
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Facebook Wins FTC OK For Instagram Purchase

The U.S. Federal Trade Commission has approved the acquisition of private Instagram of San Francisco by Facebook (Nasdaq: FB), the No. 1 social networking site, the companies said. Originally priced at $1 billion, the value of the deal has shrunk to only about $750 million because of the slide in Facebook shares.
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Mac OS X Mountain Lion 10.8.1 Update: Apple Addresses Battery Life, Safari, Mail Clients

Mac OS X Mountain Lion has out in the wild for a month now, and by and large, users are very happy with Apple's biggest new cat. Apple will address some of the most common issues reported among early adopters of Mountain Lion in the 10.8.1 update, but on Tuesday, it's been reported that the first maintenance upgrade "substantially" improves battery life on MacBook laptops.
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eBay’s Pay Pal, Discover To Partner In e-Payments In 2013

Online auctioneer eBay (Nasdaq: EBAY) will team with Discover Financial Services (NYSE: DFS) to offer electronic payments in as many as seven million U.S. outlets next year, the companies announced. The move is intended to spur e-payments among users of smartphones.
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Worldwide Application Development Software Market To Exceed $9 Billion In 2012: Gartner

According to a new Gartner report, the worldwide application development (AD) software market is expected to cross $9 billion in 2012, an increase of 1.8 percent over 2011. The report said that the growth will be driven developing software delivery models, new development methodologies, emerging mobile application development and open source software.
People enter and leave Groupon Inc corporate office and headquarters in Chicago

Barclays Downgrade Extends Groupon's Woes

The daily deals website Groupon Inc. (Nasdaq: GRPN) suffered another blow Tuesday as Barclays Capital (London: BARC) downgraded the company, citing a move towards lower margin sales.
Dell Inc. CEO Michael Dell delivers keynote address at Oracle Open World in San Francisco

Dell 2Q Earnings Preview: Now In Third Place, Where?s New Growth?

Dell is scheduled to report second-quarter results Tuesday below last year?s. For the first time, the company founded by Chairman Michael S. Dell nearly 30 years ago in a dorm room will be ranked No. 3 in PC sales, having lost its No. 2 ranking last quarter to China?s Lenovo Group.
Google executive chairman Eric Schmidt speaks at The Sloan School of Management at Massachusetts Institute of Technology in Cambridge

Technology?s Cash Piles: Top U.S. Leaders Stash Nears $400B

Don?t say technology companies aren?t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments ? or about 24 percent more since the last survey nine months ago.
Groupon plans to raise $540 million, instead of its original goal of $1 billion, before going public in 2012.

Groupon Backers Desert Daily Deal Site

Internet finance mogul Marc Andreessen, who invested $40 in the company months before it went public last November, has cashed out, while investors Fidelity and Maverick Capital have sold a large portion of their shares.

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