Like it or not, Facebook is getting ready to roll out its mandatory Timeline profile feature en masse. Judging by a recent poll, the majority of users would mash the Dislike button on the new profile format, if only one existed. To be fair, Facebook users have a history of grumbling about every change made to the what remains the world's most popular social network.
Investors have been salivating over the possibilities for years, and according to the Wall Street Journal, the wait is nearly over. Facebook is going to file for its IPO next week with a company valuation of between $75 an $100 billion. Not only will the IPO let people own a piece of Facebook, but this will finally let employees cash out those stock options.
George Hotz, or GeoHot if we're to use one of his more familiar aliases, made a name for himself in the hacking world by creating jailbreak software for Apple's iPhone. But when spotted by BusinessInsider at Backplane, a startup funded by Lady Gaga, he introduced himself as the hacker who was sued by Sony, a distinction he earned after cracking the PlayStation 3's security key. He did not introduce himself as a Facebook employee.
Not everyone is keen on using their real name for a Google+ account. It's a deal killer for some, and even though Google's social playground is now home to more than 90 million users, it's willing to compromise with users by adding support for alternate names, so you can be called The Round Mound of Rebound instead of Charles Barkley, if that's what you really want.
In some ways Google isn't unlike the average American. Google's younger days are behind it, the sultan of search loves to be social, and it's put on a few pounds over the years. And like Joe and Sally who joined a gym in January as part of a New Year's resolution to shed some weight, Google goes into the new year looking to slim down by getting rid of love handles like Urchin and Social Graph API.
Google+ and Facebook. One is the largest social network in the universe with more than 800 million members, and the other is, well, Google+. If Google's social playground is ever going to truly challenge Mark Zuckerberg's social amusement park, it's going to have to keep its momentum going. So far it's been doing that. Google co-founder and CEO Larry Page announced yesterday evening that Google+ now has more than 90 million users worldwide, over double what he announced just three months ago.
The Internet community is like one big Encyclopedia Brown, always solving mysteries with barely any information to work with. Just ask Eidos Montreal. After posting a handful of job listings outlining some mystery projects, a curious Web user tried to sniff out intel on what the company was working on, and while he has yet to uncover what secret projects the company has up its sleeve, he did uncover some juicy tidbits about the upcoming Thief 4 game.
An Indian hacking group known as "The Lords of Dharmaraja" celebrated swiping the Norton antivirus source code from Symantec earlier this month and promptly began releasing fragments to the public before promising to upload the full Monty on January 17, 2012. That's today, but rather than release the source code in its entirety, the hacking group decided now is not the time.
The topic of Facebook becoming a publicly traded entity is increasingly a matter of "when" and not "if," and if we're to focus on the former, the most likely answer is sooner rather than later. Nailing down an exact time frame has been difficult. Mark Zuckerberg isn't exactly approaching an IPO with any sense of urgency, though as competition heats up with Google and its Google+ platform, going public may be more important than he realizes.
The thing about being a criminal is there's always the risk of being caught or otherwise exposed. This applies to the life of a cyber criminal as well. To wit, Facebook has identified five men it believes are behind the Koobface worm designed to burrow into various social networks like Facebook and Twitter in search of login information to help spread its related botnet far and wide.