Facebook officially launched on the NASDAQ under the ticker "FB" this past Friday. In its first day of trading, the company's stock was up $0.23, but in the first two full days of trading, it's been down at least 9%.

According to a report from Reuters, the SEC and FINRA (Financial Industry Regulatory Authority) will both conduct investigations into why the Facebook stock has been performing poorly after analysts believed it would be successful. Many reports seem to point to an overvaluation on Facebook's stock, causing the significant drop over the past two days.

Investors were still shaking their heads over the botched opening trading of Facebook when Reuters reported late Monday that the consumer Internet analyst at lead underwriter Morgan Stanley cut his revenue forecasts for Facebook in the days before the offering, information that may not have reached many investors before the stock was listed.

JPMorgan Chase and Goldman Sachs, which were also underwriters on the deal, each revised their estimates during Facebook's IPO road show as well, according to sources familiar with the situation.

Reuters reported that Morgan Stanley selectively disclosed the change in Facebook estimates, which drew the attention of the main regulator of U.S. brokerages.

This doesn't seem to be stopping the team at Facebook headquarters, however. According to a report from TPM, the social network has already begun beta testing a new version of Timeline with some users. The slightly redesigned Timeline view focuses on compressing the header of the page by simplifying the tabs. In addition, the user’s name, home location, occupation, education, and other information has been moved on top of the "cover photo" on the page. Since the text is white, many are wondering how Timeline will handle lighter color cover photos.

It's unclear how far along Facebook is with testing the redesigned Timeline, and whether the design will ever see the light of day.

Current Facebook Timeline View

Updated Facebook Timeline View

According to a report from Bloomberg, Microsoft chief executive officer (CEO) Steve Ballmer made a statement where he claims about 350 million Windows 7 devices will be sold by the end of this year. The number shows Ballmer's and Microsoft's confidence in their desktop platform, which will be celebrating its third birthday in October of this year. If this sales number holds to be true, Windows 7 will be the "most single popular system" on the market, according to Ballmer.

In addition, according to a report from AFP, Ballmer also believes that Microsoft's next desktop platform, Windows 8, will sell up to 500 million devices by the end of 2013. The OS, which is expected to be released by the end of this year, completely overhauls the Windows desktop environment in favor of Microsoft's "Metro UI."

Hacker group Anonymous announced yesterday that it has released about 1.7 GB of information taken from the United States Bureau of Justice. Information stolen includes internal emails and database information, and the BJS took down their website to address the security issue.

We do not stand for any government or parties, we stand for freedom of people, freedom of speech and freedom of information.

We are releasing data to spread information, to allow the people to be heard and to know the corruption in their government. We are releasing it to end the corruption that exists, and truly make those who are being oppressed free.

The price we pay very often is our own freedom. The price governments pay is the exposure of their corruption and the truth being revealed, for the truth will set us free in the end.

Google will be celebrating the 78th birthday of Robert Moog tomorrow, May 23, 2012, with a (pretty amazing) interactive Doodle on its homepage. Moog, who is best known for inventing the Moog synthesizer, has been named the "pioneer of electronic music" with his invention.

To celebrate the occasion, Google has created an interactive Moog synthesizer on its homepage where users can turn switches on and off, play sounds, and record their creations. The Doodle is currently live on the Google Australia homepage, and will be launching in the U.S. tomorrow.

Apple introduced the FaceTime video calling service back in 2010 alongside the iPhone 4. At the time, the company said that FaceTime would only work over Wi-Fi, but it was working with carriers to add 3G network support. Nearly two years later, however, 3G support for FaceTime has yet to arrive, but new evidence in iOS 5.1 may show that Apple is at least making progress.

According to a report from The Verge, the above error message is new in iOS 5.1, which has been out for a few weeks now, but only discovered recently. With the Worldwide Developers Conference taking place in a few weeks, it seems possible we may see some FaceTime-related announcement coming.

Google announced today that it has finalized its acquisition of Motorola Mobility, which was first announced in August of 2011. The deal, worth $12.5 billion, required approval from the European Commission, United States, and China (among other countries) before being finalized.

As part of the deal, Motorola Mobility CEO Sanjay Jha will be stepping down from his position and will be replaced by Dennis Woodside.

Sanjay Jha, who was responsible for building the company and placing that big bet on Android, has stepped down as CEO. I would like to thank him for his efforts and am tremendously pleased that he will be working to ensure a smooth transition as long-time Googler Dennis Woodside takes over as CEO of Motorola Mobility.

According to new data released by StatCounter this morning, Google Chrome has surpassed Internet Explorer as the world's most popular web browser (in terms of usage), a spot Microsoft's browser has held every week of the year since 1998. IE has been on a steady decline over the past several years, with web browsers such as Chrome and Firefox taking up market share left behind.

According to the data, Chrome now holds a 32.76% market share worldwide, while Internet Explorer controls 31.94%. In a distant third is Mozilla Firefox at 25.47%.

YouTube announced as part of a birthday blog post today that over 72 hours of video is collectively uploaded to the website every minute.

This past Friday, Facebook officially became a publicly traded company under the NASDAQ with the ticker "FB." The company managed to raise a $104 billion valuation and have an initial share price of $38. Facebook's first day on the stock market ended with the stock up $0.23 to $38.23 overall.

Today, the second day of trading for Facebook stock, didn't go as well for the world's largest social network. At the closing bell, Facebook's stock was down 10.99% or $4.20 for a final price of $33.90. At one point in the day, the share price was even lower, nearly dipping into the $32 range.

Yahoo today announced that it will be selling half of its stake in Chinese Internet company Alibaba back to the company. Representing about 20% of Alibaba's stock, Yahoo will receive $7.1 billion in total, with a minimum of $6.3 billion in the form of cash. In addition, the two companies have reached licensing agreements. Yahoo has agreed to let Alibaba run its Yahoo! China division for at least the next four years at a sum of $550 million.

First, at the time of an initial public offering (IPO) of Alibaba in the future, Alibaba will be required either to repurchase one-quarter of Yahoo!'s current stake at the IPO price or allow Yahoo! to sell those shares in the IPO. Second, following such an IPO, Yahoo! has registration rights and rights to marketing support from Alibaba to enable Yahoo! to dispose of its remaining shares, at times of Yahoo!'s choosing following a customary lock-up period.

Popular music streaming service Spotify launched in two new locations today - Australia and New Zealand. The service, which launched in the United States back in the summer of last year, is available in Australia and New Zealand beginning today. It allows users to stream music (over 16 million tracks) for free. Subscription plans are available for users looking to ditch the periodic ads and limits on music streaming per month.

Earlier this evening, Microsoft publicly launched its "research" social network dubbed "So.cl." Interested users are able to sign up using a Windows Live ID or a Facebook account. Microsoft launched So.cl as an experimental social network with students at the University of Washington, Syracuse University, and New York University. It is geared towards students and allows users to follow people, subscribe to groups, watch videos, and post messages.

The United States International Trade Commission (ITC) announced (PDF) a ruling last week that bans the import of certain Motorola Mobility devices into the United States following the company being found of infringing upon a Microsoft-owned patent. The patent in question deals with "generating meeting requests and group scheduling from a mobile device." The ban will likely go into effect within the next 60 days, unless Motorola Mobility is able to address the issue quickly. Affected devices include the Motorola Droid RAZR, the Motorola Droid 4, and the Motorola Droid Bionic.

According to a report from FOSS Patents, Apple late last week filed for a preliminary injunction against the Samsung Galaxy Tab 10.1 in the United States, accusing Samsung of infringing upon an iPad-design related patent. Based on other recent rulings in the Apple versus Samsung case, it's actually likely that the motion for injunction will be granted, meaning Apple will have a ban on the sale of the Galaxy Tab 10.1.

Apple proposes to give Samsung until May 25 to respond, and would file its reply brief five days later. At any rate, Judge Koh won't grant this motion during the settlement talks that are scheduled for Monday and Tuesday. But if those talks fails (which is what I expect to happen), the injunction might come down very soon.

One day after Facebook officially became a publicly traded company on the NASDAQ under the ticker "FB," Facebook founder and CEO Mark Zuckerberg married longtime girlfriend Priscilla Chan yesterday in a private service at his Palo Alto, California home. Zuckerberg announced the news by adding a new life event on his Facebook Timeline, along with an accompanying picture of him and his new bride.

According to a report from The Associated Press, the Chinese government has approved Google's proposed $12.5 billion acquisition of Motorola Mobility, possibly opening the opportunity to close the deal that was initially announced in August of 2011 as early as next week. China was the last country that needed to approve the merger, with both the United States and European Commission approving the deal back in February.

Chinese regulators had one condition for the deal being approved: "That Google's Android operating system for mobile devices remain available to all at no cost for the next five years."

Earlier this week, Infinity Ward announced that the second "Content Collection" pack for Call of Duty: Modern Warfare 3 will be released this Tuesday, May 22, 2012 (Xbox LIVE customers only). The collection pack will include the content that has been released to Call of Duty Elite members since the last collection pack and will cost $15.

Content Collection 2 will include the following:

• Getaway (map)
• Lockout (map)
• Foundation (map)
• Sanctuary (map)
• Oasis (map)
• Iron Clad (spec ops mission)
• Kill Switch (spec ops mission)
• New achievements

Today, Google unveiled further integration of Google+ into its email service Gmail. The first improvement coming deals with search in Gmail: searching for a person's name will now display any emails you've sent to them, their profile pictures, and the ability to start a conversation with them. In addition, Google is rolling out improved Circles integration, allowing users to see profile pictures and detailed search information when clicking on the pictures of their Google+ friends.

Circles are also now supported in search and filters. Find messages from a specific circle by typing circle:[circle name] in the search box. You can also find mail from any of your circled contacts by searching with has:circle. You can refine your search even further with other criteria and create filters based on circles. This means you can now view all the unread emails from your ‘Friends’ circle or automatically star every message that comes from your ‘VIP’ circle.

Today, Facebook officially became a publicly traded company when it launched under the ticker "FB" on the NASDAQ. Also today, Facebook was hit with a class action lawsuit that claims it continues to track users' web browsing activity even after they logout of the social network. The lawsuit, which was filed in San Jose, California, is seeking nearly $15 billion in damages from Facebook.

The full press release follows:

Stewarts Law acts for facebook users who have filed a Consolidated Digital Privacy Class Action

18 May 2012 (San Jose, Calif.)

Facebook users today filed an amended consolidated class action complaint in federal court in San Jose, California in the case In re: Facebook Internet Tracking Litigation, No. 5:12-md-02314-EJD. The class action asserts federal statutory and California State causes of action related to the revelation in September 2011 that Facebook was improperly tracking the internet use of its members even after they logged out of their accounts. The action consolidates 21 related cases filed in more than a dozen states in 2011 and early 2012.

The plaintiffs assert claims under the federal Wiretap Act, which provides statutory damages per user of US$100 per day per violation, up to a maximum per user of US$10,000. Even if Facebook’s alleged actions constitute a single violation of the Wiretap Act per class member, that implies more than US$15 billion in damages across the class. The complaint also asserts claims under the Computer Fraud and Abuse Act, the Stored Communications Act, various California Statutes and California common law.

The class action is being led by court-appointed co-lead counsel Stewarts Law US LLP and Bartimus, Frickleton, Robertson & Gorny, P.C. David Straite, Partner at Stewarts Law, stated: “This is not just a damages action, but a groundbreaking digital privacy rights case that could have wide and significant legal and business implications.” In addition to co-lead counsel, the court has appointed a Plaintiffs’ Steering Committee which includes Keefe Bartels in New Jersey; Mandell, Schwartz & Boisclair in Rhode Island; Eichen Crutchlow Zaslow & McElroy in New Jersey; Bergmanis Law Firm in Missouri; Burns, Cunningham & Mackey in Alabama; and Murphy, Falcon & Murphy in Baltimore. The court has also appointed a committee of former State Attorneys General to advise the class, including former Mississippi AG Mike Moore, former Arizona AG Grant Woods, former Hawaii AG Margery Bronster, and former Louisiana AG Richard Ieyoub.

Today, Facebook officially launched its initial public offering (IPO) on the NASDAQ under the ticker "FB." The company's stock began trading at $38 after a nearly 30 minute delay from when it was initially scheduled to begin trading. The delay was reportedly due to heavy load on NASDAQ's network in preparation for the launch.

After its first day of trading, Facebook's stock ended the day at $38.23, up $0.23 from the original stock price. The number is down from the high for the day, which was about $42. While the end result wasn't as high as most investors and analysts believed it would be, the IPO still put Facebook at a $104 billion valuation.

According to a report from Bloomberg, Hewlett-Packard (HP) is considering to layoff nearly 8% of its total workforce, equivalent to about 25,000 employees. The move comes as the company is going through a minor transition period and attempts to reduce costs as struggles in sales continue.

The number to be cut includes 10,000 to 15,000 from Hewlett-Packard’s enterprise services group, which sells a range of information-technology services and has been beset by declining profitability, said these people, who asked not to be identified because the plans aren’t final and may change.

Yesterday, news broke that Verizon Wireless would be axing the unlimited data plan option for existing customers. Last year, the carrier introduced tiered data plan options, but allowed existing customers to be "grandfathered" in and keep their unlimited data plan. The move would force any customer to switch to a tiered data plan.

Today, Verizon Wireless made some clarifications to the upcoming change to The New York Times. The company stated that customers who upgrade their line with a subsidized price will be the only ones forced to switch to a tiered data plan. If a customer doesn't upgrade their line or chooses to buy a new device at an unsubsidized price, they will be able to keep the unlimited data plan.

- Customers will not be automatically moved to new shared data plans. If a 3G or 4G smartphone customer is on an unlimited plan now and they do not want to change their plan, they will not have to do so.

- When we introduce our new shared data plans, Unlimited Data will no longer be available to customers when purchasing handsets at discounted pricing.

- Customers who purchase phones at full retail price and are on an unlimited smartphone data plan will be able to keep that plan.

- The same pricing and policies will be applied to all 3G and 4GLTE smartphones.

Today, Facebook announced that the share price of its initial public offering that will be launching on the NASDAQ tomorrow morning will be $38. As a result, the company will be placed at a $104 billion valuation and will raise around $16 billion, both of these numbers are significantly higher than expected. Facebook will be offering a total of 421,233,615 shares of common stock. This IPO will be the largest in technology history.

The full press release follows:

Facebook Announces Pricing of Initial Public Offering

MENLO PARK, Calif., May 17, 2012 /PRNewswire/ — Facebook (NASDAQ: FB) today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on May 18, 2012, under the symbol “FB.” Facebook is offering 180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions.

In addition, Facebook and the selling stockholders have granted the underwriters a 30-day option to purchase up to 63,185,042 additional shares of Class A common stock to cover over-allotments, if any.

Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, Barclays, Allen & Company LLC, Citigroup, Credit Suisse and Deutsche Bank Securities are serving as book runners for the offering. RBC Capital Markets and Wells Fargo Securities are serving as active co-managers.

The offering will be made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department (Tel: +1 866 718 1649; e-mail: prospectus(at)morganstanley.com); J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (Tel: +1 866 803 9204); or Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department (Tel: +1 866 471 2526, e-mail: prospectus-ny(at)ny.email.gs.com).

A registration statement related to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Today, Infinity Ward launched two new maps for Call of Duty: Modern Warfare 3 to Xbox LIVE customers. The maps, dubbed "Erosion" and "Aground," are free to download now from the Xbox LIVE Marketplace.

Erosion: Make your way through Mediterranean ruins and ancient aqueducts, using leftover Roman masonry for thousand-year-old cover in this new “Face Off” map. Aground: Head to Scotland’s Orkney Islands for the latest “Face Off” map, where treacherous cliff faces, networks of caves and the rusted and ruined remains of a grounded transport ship provide for constant combat.

Today, Comcast launched a new service for its Xfinity brand - Skype. Skype on Xfinity is now available for use by customers in the Boston and Seattle areas, with Atlanta, Augusta, Ga., Chicago, Detroit, Harrisburg, Pa., Indianapolis, Miami and Pittsburgh coming by the end of this week. Customers willing to pay $9.95/month can add Skype to their Xfinity plan and use text and video chatting services. The cost also includes a camera and a Skype remote that includes a keyboard for text chatting.

Facebook today began rolling out a new mobile app for its users that allows Page owners to manage their content through the app. The app functions similar to the main Facebook mobile app, but removes everything unrelated to fan pages. Features include:

• Post new updates and photos as your Page
• Get notified about new activity on your Page when it happens, no matter where you are
• Respond, post and comment as your Page while you’re on-the-go
• Manage all your Facebook Pages from one app
• View your latest Page Insights

The app appears to still be rolling out worldwide at this time.

According to a report from The Associated Press, Facebook has announced yet another update to its initial public offering that is expected to be launched this Friday, May 18. This time, Facebook revealed that it has added an extra 84 million shares into its stock pool, all of which will be coming from early investors and internal people from the company.

Facebook plans to offer each share at somewhere between $34-$38, possibly raising a much-higher-than-expected $16 billion.

According to The Verge, United States Customs officials have delayed the shipments of HTC's new One X and EVO 4G LTE smartphones into the U.S. as they investigate possible patent infringements on the devices. The patents in question are supposedly the same ones that were involved in a lawsuit Apple won last December. The ruling from the court said that HTC would have to stop importing all affected devices into the U.S. by April.

We've learned today that the One X and Evo 4G LTE are indefinitely delayed at Customs as the agency investigates patent issues with Apple, and sources have further confirmed that some shipments are indeed being held back. The One X is also currently out of stock at AT&T's online store and at most AT&T retail stores we've called — and few had any information on when more units would arrive.

HTC released the following statement:

The US availability of the HTC One X and HTC EVO 4G LTE has been delayed due to a standard U.S. Customs review of shipments that is required after an ITC exclusion order. We believe we are in compliance with the ruling and HTC is working closely with Customs to secure approval. The HTC One X and HTC Evo 4G LTE have been received enthusiastically by customers and we appreciate their patience as we work to get these products into their hands as soon as possible.

According to Fierce Wireless, Verizon Communications CFO Fran Shammo spoke at a JP Morgan conference, announcing the company's plans to axe the unlimited data plan option for customers. Last year, Verizon introduced tiered data plan options for new customers, but existing customers had the option of being grandfathered in and keep their unlimited data plan at $30/month.

Shammo says that Verizon Wireless customers still on 3G devices will need to switch to a tiered data plan option once they upgrade their line to a 4G LTE device. Those who remain on their 3G device will continue to use unlimited data (for the time being at least).

The questions arise, however, when talking about Verizon's plans to introduce family data plans this summer. The company is reportedly planning to force users hoping to use a family data plan to upgrade their devices to all 4G LTE, thus forcing the move to tiered data plans. It's unclear when this would happen, and whether Verizon will truly force users to switch plans.

As these 3G unlimited data plan customers migrate to 4G LTE, they will have to purchase the company's data-share plan (which Verizon plans to launch in mid-summer) and move off the $30 per month unlimited data plan. "Everyone will be on data share," Shammo said.

Today, Google introduced a new feature to its search engine that is dubbed "Knowledge Graph." The technology takes user input as a whole, rather than separate words and strings like it has been in the past. Knowledge Graph will allow users to narrow their search results down to exactly what they're looking for, get a summary of information on the right-hand side of the page, and pick out small details related to search queries.

The Knowledge Graph enables you to search for things, people or places that Google knows about—landmarks, celebrities, cities, sports teams, buildings, geographical features, movies, celestial objects, works of art and more—and instantly get information that’s relevant to your query. This is a critical first step towards building the next generation of search, which taps into the collective intelligence of the web and understands the world a bit more like people do.

Google has already begun rolling out Knowledge Graph to users, and it will soon be available on mobile devices as well.

Apple has just released an update to developers running on OS X Mountain Lion Developer Preview 3, bringing the build number of the upcoming OS to 12A206j. The update has been released via the Mac App Store and weighs in at about 1.60 GB. Apple is noting in developer release notes that this build is not compatible with "MacBookPro3,1" models (mid and late 2007 computers), but this issue will be corrected in the future.

At this time, it's unclear what changes are included in this most recent seed. Apple is expected to give a full preview of OS X Mountain Lion at its Worldwide Developers Conference next month. A public release is scheduled for "late summer."

Production is set to begin next month for the screens, which measure at least 4 inches diagonally compared with 3.5 inches on the iPhone 4S, the latest phone from Apple, the people said.

Seeing competition from other smartphone manufacturers whose phones feature much larger displays than the current iPhone, Apple has been expected to debut a device with a larger screen. The report is unclear that on the exact dimensions or resolution of the newly ordered display but it is expected to be an Apple set Retina Display.

While the report says that production for the phone will begin next month it does not give a clear launch date with the usual "later this year."

Today, Google released the first Stable version of Chrome 19 to the public, adding tab syncing across multiple devices when users are signed into Chrome with a Gmail account. When a user is signed in, all their open tabs appear under a new menu on the "New Tab" page in Chrome called "Other Devices."

The Stable version update will be rolled out to existing Chrome users over the coming days.

Popular Android photo sharing service Lightbox announced today that it has been acquired by Facebook. The company's team of seven (7) will be joining Facebook, while the service itself will be functioning until June 15. Users have until that date to download their photos from Lightbox. The Android app has already been removed from Google Play, and new user sign ups aren't being accepted at this point.

Terms of the deal were not disclosed to the public.

The memo, in its entirety, is below:

Dear colleagues,

Since the beginning of the year, T-Mobile has stressed that 2012 is a rebuilding year for the company. A vital step in that process was announced in March with the consolidation of our call centers. This week, T-Mobile is taking the second essential step. We are announcing a new structure that further aligns our costs with our revenue realities, enables teams who support our field organization to act and react with greater speed and effectiveness to customer and market opportunities, and better positions us to return to growth.

The new organization required difficult decisions that will impact some of our employees. This week, news will be shared personally with employees and teams who are directly affected by the restructuring. Changes will include some position eliminations and changes to individual roles and responsibilities. It is important to emphasize these impacts to employees result from business decisions. We have tremendous employees here at T-Mobile and we truly wish we could retain all our talent, but our business realities require hard choices. For affected team members, we are providing generous transition support including severance, assistance with COBRA continuation coverage, and outplacement services. As mentioned in the March announcement, customer service representatives in the remaining 17 call centers, technicians in engineering, and frontline employees in our T-Mobile corporate-owned stores will not be affected.

Our rebuilt structure enables T-Mobile to realize significant savings, allowing us to invest in future growth — in particular modernizing our network to LTE, repositioning the T-Mobile brand, and aggressively pursuing the B2B segment where we plan to add 1,000 positions over the next few years. We gain the agility to put resources where the current opportunities are, grow in areas where potential is greatest, and act on emerging opportunities quickly and rationally.

The restructuring provides a sustainable organizational model, centered on our T-Mobile Values, with the following attributes:

A greater focus on driving Customer Delight by reducing the layers between working teams and executive leadership, and shifting and consolidating groups in the field sales regions and the FSC to minimize redundant work — resulting in more effective coordination and communication.

A renewed emphasis on Best Place to Perform and Grow:
Enhanced people manager spans of control (number of direct reports), enabling faster decisions, more ability to execute, and more empowerment of employees at all levels.
Evolution of our leadership model from player-coach, where more time is spent on daily tasks than on planning and guiding, to leader-coach, where time is focused more strategically on coaching, developing, delegating, and motivating.

We approached the restructuring process and decisions with care, rigor and cross-functional alignment. A team comprised of top leaders, with support from industry-leading subject matter experts, worked closely together over the past few months to develop an effective and sustainable structure. We strongly believe the organizational principles we applied are lasting ones. More details on the new organizational structure will be shared in department and team communications this week and more broadly after that.

I want to assure you we will move through the communications this week very thoughtfully, but also as quickly as we can while preserving the quality of the conversations that need to happen. As always, our T-Mobile Values will guide our actions.

Thank you for your patience as we work through what will be a difficult week. Thank you for your continued commitment.

With sincere appreciation,

Philipp Humm
CEO & President
T-Mobile USA

Facebook announced today that it has begun rolling out an update to its mobile interface on iOS, Android, and m.facebook.com that increases the size of pictures by three times (3x).

Starting today, we’re rolling out an improved design for posts in news feed on your mobile phone. Now photos are up to 3x larger, and all posts will fill your mobile screen from edge to edge. The new design will be available on iOS, Android and m.facebook.com. Check out some before/after screenshots below.

Earlier today, Best Buy released the results of an internal investigation it conducted on company founder and Chairman of the Board Richard Schulze. The investigation found that Schulze was aware now former Best Buy CEO Brian Dunn had an inappropriate relationship with an employee of the company, but failed to report it. Schulze resigned shortly after the details of the investigation were released.

Schulze released the following statement:

"In December, when the conduct of our then-CEO was brought to my attention, I confronted him with the allegations (which he denied), told him his conduct was totally unacceptable and contrary to Best Buy's policies and everything I, and the Company, stand for. I understand and accept the findings of the Audit Committee."

Investigation details:

Key findings of the investigation include:

• The CEO violated Company policy by engaging in an extremely close personal relationship with a female employee that negatively impacted the work environment.
• The CEO's relationship with the female employee demonstrated extremely poor judgment and a lack of professionalism, but the inquiry revealed no misuse of Company resources. The inquiry also revealed no misuse of aircraft.
• In addition, as part of the investigation, it was determined that the Chairman of the Board of Directors acted inappropriately when he failed to bring the matter to the Audit Committee of the Board of Directors in December 2011, when the allegations were first raised with him.

The Best Buy Board of Directors has elected Hatim Tyabji to replace Schulze.

According to a report from Business Insider (based on a research note from Macquarie analyst Ben Schacter), Google is currently developing a Chrome Web Browser app for use on iOS devices. In fact, the app may already be submitted to Apple for review and could debut in the App Store as soon as the end of this quarter. No specific details about the app were given, however.

While third-party web browsers already exist on the App Store (an example include Opera), a majority of iOS users still use Safari because of the amount of system-level integration the app brings.

Earlier today, the SEC released Facebook's seventh (7) amendment to its initial public offering filing. In the new filing, Facebook readjusted the projected share price from the previous $28-$35 to $34-$38, bringing the company's valuation well above the prior projected value of $100 billion. In addition, Facebook has upped the amount of shares it will be trading to 337 million.

In addition, Facebook has confirmed previous rumors that its $1 billion acquisition of Instagram has been delayed. The social network was planning to complete the deal sometime in the second quarter of this year, but the new documents point to the deal closing sometime in 2012.

Facebook's stock will appear on the NASDAQ under the ticker "FB." The company's IPO is expected to launch this Friday, May 18, 2012.

Yahoo has just announced that it will be naming Ross Levinsohn as interim Chief Executive Officer (CEO) of the company following word earlier this morning that Scott Thompson had stepped down from the position. Thompson was accused earlier this month of lying on his resume when he was hired as Yahoo CEO in January of this year. In addition, Yahoo has named Fred Amoroso as Chairman of the Board of Directors, replacing Roy Bostock.

As a part of the settlement agreement, Third Point, which owns an aggregate of 70,545,400 shares, or 5.8% of Yahoo! common stock, has agreed to withdraw its previous Board nominations for consideration at the annual meeting and vote its shares in support of Yahoo!'s nominees. Yahoo!'s slate of director nominees for election or re-election at the 2012 annual meeting of stockholders will now include Fred Amoroso, John Hayes, Peter Liguori, Thomas McInerney, Maynard Webb, Sue James, David Kenny, Brad Smith, Daniel S. Loeb, Harry J. Wilson and Michael J. Wolf.

As interim CEO, Mr. Levinsohn will manage the Company's day-to-day operations with assistance from Yahoo!'s existing senior leadership team.

To celebrate Mother's Day, Google has placed a heart-warming animated Doodle on its homepage. The Doodle portrays the mom character as a "g" and her two children as two "o's" as a spin-off of the regular Google logo. The "o's" are animated and walk over to hug the "g" and the rest of the Google logo fades in.

According to a report from The Bangkok Post, Hewlett-Packard (HP) CEO Meg Whitman confirmed at the Global Influencer Summit that the company will be re-entering the tablet market with a Windows 8 device sometime in the future. This comes after HP abruptly discontinued its TouchPad tablet last year following poor sales. The tablet ran on webOS, which HP acquired from Palm in the prior year.

Not much else is known about the Windows 8 tablet from HP, other than that it is in existence. Windows 8 is expected to be released to consumers sometime in the fall of this year.

According to a report from The Financial Times, the United States Federal Trade Commission (FTC) has launched a probe into the deal that would bring popular photo upload and edit service Instagram under Facebook control. The acquisition, which was first announced last month and worth about $1 billion, could be delayed as a result. The deal was initially expected to be closed by the end of the second quarter of this year.

It's unclear at this time exactly what the FTC is investigating, but the report notes that information has been taken from both parties.

According to Mashable, Facebook has begun rolling out the ability to upload files in Groups. The feature, which is somewhat a competitor to Dropbox, allows users to upload files smaller than 25 MB, but no music files or executable (.exe) files are allowed. Most other files types will be allowed, however.

To prevent the spread of malicious, inappropriate or copyrighted files, “users can report files the same way they can with other content across the site,” a Facebook spokesperson said. Whether a group that wants to share such things will willingly turn itself in remains to be seen.

It's unclear when all Facebook Groups will receive this feature, but the social network says that it should be "soon."

According to a report from China Daily, Foxconn chairman Terry Gou addressed Apple's long-rumored high-definition television set at a press conference in Shanghai yesterday. Gou apparently confirmed that Foxconn has already begun making preparations for the product, which includes a partnership with Sharp for LCD displays. Actual production of the "iTV" has not begun, however.

Gou said Foxconn is making preparations for iTV, Apple Inc's rumored upcoming high-definition television, although development or manufacturing has yet to begin.

iTV reportedly features an aluminum construction, Siri, and FaceTime video calling

Foxconn's recent 50-50 joint venture factory with Sharp in Japan is one of the preparations made for the new device, Gou added.

We’ve independently confirmed that this is indeed the case. Sources describe the new Maps app as a forthcoming tent-pole feature of iOS that will, in the words of one, “blow your head off.” I’m not quite sure what that means, and the source in question declined to elaborate, but it’s likely a reference to the photorealistic 3-D mapping tech Apple acquired when it purchased C3 Technologies.

iOS hacker Steve Stroughton-Smith posted a picture to his Twitter account earlier this afternoon that gives evidence Apple is testing both the Notes and Reminders app for iCloud.com. The current iCloud.com includes email, calendar, contacts, Find My iPhone, and iWork integration (and icons for each service). This screenshot, however, adds in two new icons: Notes and Reminders, both of which are currently available on iOS devices and will be coming to Macs this summer with OS X Mountain Lion.

The leak comes via http://beta.icloud.com, which Apple appears to be using for the test. The link doesn't always work, and will sometimes redirect to Apple's iCloud information page.

It's possible that these announcements will be coming at next month's Worldwide Developers Conference.

The new Bing should be rolling out the world sometime in the coming weeks.

Today, VideoLAN, the company behind popular Windows, Mac OS X, and Linux media player VLC, announced that the application has surpassed one billion downloads all time. The first version of VLC was released to the public back in 2001, and is widely used because of its vast support for different media types.

The download statistics page (linked above) gives people an idea of how many downloads each version of VLC received.