For all the hype leading up to Facebook's Initial Public Offering (IPO) in May of this year, it's somewhat hard to believe the social networking site is performing so poorly in the stock market. It's not shocking that Facebook hasn't lived up to all those inflated valuations that came courtesy of hefty private investments before being traded on the public market, but would you have guessed it would become the second worst performing IPO post share lock-up? Let us explain if you don't know what that means.
Catching bugs in your spare time can turn into a lucrative hobby, provided the bugs you're hunting reside in Google's Chrome browser. The Chromium Vulnerability Rewards Program has shelled out over $1 million to date, putting money in the pockets of security researchers who help make Chrome more secure, and it's about to start doling out larger payments for flaws that have become increasingly hard to find.
Microsoft has updated its SkyDrive cloud service with a fresh coat of paint, modern digs, and taught it all new dance moves on the Web and desktop, the company announced today. SkyDrive.com now features instant search, a contextual toolbar, thumbnail multi-select, drag-and-drop organization, and HTML5 sorting, though those aren't the only improvements Microsoft made to its cloud service.
Shares of online deal site Groupon dipped to a record low after the company reported second quarter revenue with mixed results. In reaction to the numbers, investors responded by sending Groupon's stock price down 15 percent in after hours trading. Groupon's stock is currently trading at $5.56, down more than 26 percent compared its closing price of $7.55 on Monday.
Game developer Valve is preparing what it considers to be a "major update" to the Steam Community, one that will introduce a Game Hub feature to each and every game. The Hubs will highlight the most popular user-created screenshots, videos, and Steam Workshop items as rated by the community, while also populating them with game related news, discussions, and comments.
In a 3-1-1 vote (three approvals, one dissent, and one not participating), the Federal Trade Commission (FTC) has accepted final terms of a settlement with Facebook to resolve charges that the social networking site engaged in deceptive privacy practices. Terms of the settlement do include a monetary fine, as was the case with Google, which agreed to 
Blizzard Entertainment, the company behind the insanely popular World of Warcraft franchise and, more recently, Diablo III, confirmed that it's Battle.net game service suffered a security breach that compromised certain user data. The full extent of the hack attack is still unknown, but at this stage, Blizzard doesn't believe that any financial data was lifted, including credit card info, billing addresses, or real names.
Google has agreed to pay $22.5 million to settle charges with the Federal Trade Commission (FTC) alleging the sultan of search placed tracking cookies on computers running Apple's Safari browser that effectively bypassed the browser's built-in privacy measures. It's the largest fine ever handed out by the FTC, and one the government organization hopes will serve as a deterrent to other companies who might look to profit at the expense of privacy.
Demonoid, one of the Web's largest torrent tracking sites and one of the most popular online destinations overall, has been snuffed out by Ukrainian officials. Demonoid's destruction doesn't come as a complete surprise following a massive Distributed Denial of Service (DDoS) attack that knocked the site to the mat last month. Fans of the site hoped it was just a temporary blip and that it would be back up and running before long, but it doesn't appear that's going to happen.
Facebook's much anticipated initial public offering (IPO) turned out to be a pretty big disappointment, and things have only gotten worse since then. The social network's share price fell to $20.88 by the end of Wednesday's trading session, which is 45 percent below its IPO price of $38 and a new low price, dipping below the previous low of $21.61, which occurred a day earlier.
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