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- Wall Street poised for first day of Facebook trading
Following months of hype, Facebook will launch its initial public offering on Friday, with some analysts predicting a 50% jump in share price by the end of its first trading day. The social networking giant priced its stock at $38 a share on Thursday for a total offering valuation of $16.08 billion -- making it the third-largest IPO ever and the biggest by a tech company. Shares will make their trading debut at about 11 a.m. Eastern time under the ticker symbol "FB" on the Nasdaq. Forbes
(5/17), Reuters
(5/17), Los Angeles Times (tiered subscription model)
(5/17)      
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- Businesses turn to technology to tackle the Wild West of social media
More companies are turning to social media as a means of marketing their products and engaging existing and potential clients, but with the potential of sites like Facebook and LinkedIn comes the constant challenge of policing largely uncharted waters. This is leading some firms to adopt stringent policies governing the use of the social media -- such as restricting employee use to business critical communications -- and has created a market for products like the Triton security gateway from Websense, which blocks employees from accessing social media sites via corporate networks. Network World
(5/17)
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- U.S., Australia forge cybersecurity alliance
The United States and Australia are forging a cybersecurity partnership under which the two countries will share critical threat information and collaborate on joint training exercises and education initiatives. The new effort -- which emerged following recent talks between U.S. Homeland Security Secretary Janet Napolitano and Australian Attorney General Nicola Roxon -- will focus on protecting critical infrastructure. ZDNet (Australia)
(5/18)
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- Firewalls remain top defense in fighting DDoS attacks
A Neustar survey indicates firewalls are still the top tool for battling distributed denial of service threats, and only 3% of those polled said they had DDoS mitigation services in place. "With attacks becoming more sophisticated -- mixing brute-force bandwidth assaults and surgical strikes on applications -- in-depth knowledge and experience make a huge difference. There is no 'magic box' that can out-think attackers on its own," the report said. Techworld (U.K.)
(5/16)
- Is your company's online strategy up-to-date?
It's time for companies to update their strategy for connecting with customers, employees and other stakeholders online, Alan Radding writes. Internet-based technology is revamping the way companies operate in every department, from marketing to finance. "You need to revisit the basics: your objectives, your various audiences, what they do with you online now and what more they could do," Radding writes. Business Finance/Big Fat Finance Blog
(5/17)
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- Astronaut designates fixed mailing address in outer space
If you've ever toyed with the idea of mailing a letter to outer space, now you have an address to send it to -- just don't expect overnight delivery. Astronaut Don Pettit has created the first ever fixed address that's not ensconced on the Earth's surface but on the International Space Station. The address is: Node 2, Deck 5, ISS, LEO, for low-Earth orbit, with a ZIP code -- 51.603 -- that designates the space station's orbital inclination and its number. Popular Science
(5/17)
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