NASDAQ: We Can’t Pay All The Money You Lost from Facebook’s IPO Back | PandoDaily

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NASDAQ: We Can’t Pay All The Money You Lost from Facebook’s IPO Back

"If exchanges could be called upon to bear all costs associated with system malfunctions and the varying reactions of market participants taken in their wake, the potential would exist for a single catastrophic event to bankrupt one or multiple exchanges, with attendant consequences for investor confidence and macroeconomic stability. Alternatively, the cost of providing exchange services would have to rise dramatically for all investors to cover this material and new risk."

- NASDAQ officials responding to investors' outcry over Facebook's botched IPO

PandoMonthly San Francisco with KPCB's John Doerr

By Nathaniel Mott May 25, 2013
Google Glass in 10 years: The view from dystopia

By Adam L. Penenberg May 25, 2013
Xbox One will do random authentication checks

In other words, the Xbox One will periodically “phone home” to Microsoft to verify that users own their games. That said, a user will not have to buy a new license for used games. [Source: Polygon]
- DH
May 24, 2013
Google, Verizon, and Acer help tornado victims

Google has teamed up with Verizon and Acer to offer Chromebook stations with free Internet to tornado victims in Moore, Oklahoma. [Source: Google]
- DH
May 24, 2013
Is Gmail getting a redesign?

Leaked screenshots of a possible Gmail redesign reveal five tabs at the top of inboxes to allow for better organization. Like Google+ Circles for your emails kind of? Google has not commented on the authenticity of the images. [Source: The Next Web]
- DH
May 24, 2013
Four simple strategies for monetizing your video

By Frank Besteiro May 24, 2013
Forget Aereo: Broadcasters sue Aereokiller

Aereo wants to kill broadcasters, Aereokiller wants to kill Aereo. But in this case, the enemy of my enemy is not my friend, as Fox, NBC, ABC and Allbritton Communications sue Aereokiller for providing broadcast television over the Internet. [Source: Variety]
- DH
May 24, 2013
John Doerr: “Venture capital has changed and I need to adapt”

By Sarah Lacy May 24, 2013
Tumblr's David Karp in his own words

By Adam L. Penenberg May 24, 2013
Is the Internet of Things the future of narcissism?

By Nathaniel Mott May 24, 2013
Google reportedly working to bring wireless networks to the developing world

The Wall Street Journal reports that Google is deep into an effort to build, fund and help run wireless networks in emerging markets like sub-Saharan Africa and Southeast Asia. The plan is to connect more than a billion new people to the Internet. [Source: Wall Street Journal]
- RN
May 24, 2013
Twitter account of UK’s largest TV broadcaster hacked by Syrian Electronic Army

ITV is the latest victim of the Syrian Electronic Army’s attacks. The AP, Financial Times, the Daily Telegraph and the Onion were all attacked previously. This comes days after Twitter unveiled two-step authentication to prevent such a thing. [Source: Reuters]
- RN
May 24, 2013
Lessons from Segway: Why John Doerr no longer makes $1 billion predictions

By Sarah Lacy May 24, 2013
Google and Microsoft collaborate on new YouTube app

Google will work together with Microsoft on a new YouTube app for Windows Phone, after Google had demanded Microsoft remove an unauthorized version from the platform. The collaboration will bring the Windows YouTube app up to pace with YouTube’s API terms of service. [Source: The Verge]
- RN
May 24, 2013
Google planning to fund wireless networks in emerging markets

Google is reportedly funding, building, and helping run wireless networks in emerging markets. Markets include sub-Saharan Africa and Southeast Asia, and will be used to make internet available to those outside of major cities, as well as improve connection speeds in urban centers. [Source: The Wall Street Journal]
- CGW
May 24, 2013
LTE comes to AT&T’s prepaid service

Starting today AT&T GoPhones will be able to support LTE network. Before, only high-end contract customers were able to use AT&T’s high-speed LTE service. [Source: GigaOm]
- CGW
May 24, 2013
Google Glass user calls it too “creepy”

Reports are now beginning to come in about user experience with Google Glass. One user found that the wearable device was too creepy and made those around him feel uncomfortable. [Source: BGR]
- CGW
May 24, 2013
“As an entrepreneur, you have to rely on luck. Honestly, being an entrepreneur, in my opinion, is 95 percent luck; four percent knowing when to recognize it; and one percent hard work. I mean, that’s the equation.”

— Appature CEO Kabir Shahani

May 24, 2013
Better Place to file for bankruptcy

Electric car company Better Place is reportedly planning to file for bankruptcy in the next few days. According to Fortune, over the last seven months the company has seen two CEOs come and go. [Source: Fortune]
- CGW
May 24, 2013
Facebook Phone will not be sold in UK

UK network EE has confirmed that the HTC First — also known as the Facebook Phone — will not be available in the United Kingdom. According to Forbes this is so that Facebook can increase the customization experience of its Home screen before it gets released across the pond. [Source: Forbes]
- CGW
May 24, 2013
iPad software tech maker Erply raises $2.15M Series B

Erply, a startup that makes iPad-oriented and cloud-based software for retailers, has raised $2.15 million Series B. Funding was led by Redpoint Ventures. [Source: TechCrunch]
- CGW
May 24, 2013
PayDragon sees spike in mobile grocery ordering

By Michael Carney May 24, 2013
Yahoo places bid on Hulu

Yahoo has entered into the bidding storm for video streaming site Hulu. According to AllThingsD, other possible contenders placing bids for the company include DirecTV, Time Warner Cable, and Guggenheim Digital. [Source: AllThingsD]
- CGW
May 24, 2013
Samsung’s Galaxy S4 camera outperforms the competition

According to a French firm that specializes in camera optics, the camera inside Samsung’s Galaxy S4 smartphone outperforms the iPhone 5 and Nokia’s Lumia 920. The iPhone 5, however, is better than Samsung for video. [Source: BGR]
- CGW
May 24, 2013
Amazon launches App Engagement Reports

Amazon today launched a service aimed toward developers called App Engagement Reports. The reports are aimed to help developers track app performance and revenue. [Source: TechCrunch]
- CGW
May 24, 2013

The Week in Review

Monday

Data Crying

You are your data: The scary future of the quantified self movement The new Flickr: Biggr, Spectaculr, Wherevr Yahoo didn’t buy Tumblr. They bought Tumblr’s market position Google closes Checkout, pushing thousands of merchants into Braintree’s arms Pass the pipe: Gawker’s “Crackstarter” is skeezy but potentially significant Sorry, NYC, Tumblr selling to Yahoo was not the “win” we needed On the outskirts of the Maker Faire Why Yahoo’s track record with acquisitions isn’t relevant to Tumblr Writers should be paid Don’t confuse Google’s ubiquity for openness NextGuide Web launches. Can it possibly be a discovery powerhouse? Minbox: The way file-sharing should work Former MySpace and NASA security exec raises $700k, launches Prevoty to defend websites against malicious user code Yahoo buys Tumblr and Mayer “promises not to screw it up” like past deals Forget armchair activism, new app Buycott helps people shop with a conscience

Tuesday

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PopExpert raises $2 million for its video teaching marketplace The race to a “smart” television is over. Xbox won In biggest pan-industry push since SOPA, tech leaders get set for March for Innovation The importance of grit, rules, and discipline In Oklahoma’s time of crisis, Sparkrelief is working to unify relief efforts Memo to this year’s YC class: It’s damn hard to build an enterprise company What are the effects of RelayRides’ New York cease and desist? Finally, a Lumia-like device unbound by Windows Phone How a Valley veteran found happiness and opportunity building tech in Mexico Yes, the Valley can be vacuous – but it’s more complicated than the New Yorker would have us believe The case against Shinichi Mochizuki as bitcoin’s “dance away genius” Swipely raises another $12m from tiny Rhode Island Is influencer marketing over? Here’s another pivot, this time from Wahooly ServiceMax’s SaaS platform could make training technicians and replacing software a thing of the past

Wednesday

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Reid Hoffman and Joi Ito’s H2 comes out of stealth Forty more tickets on sale for our John Doerr PandoMonthly! (And a new venue…) Too small to fail: The partnership-driven nature of fintech startups Jaron Lanier: Information doesn’t want to be free, and ads are screwed Data, heart, virality, and leadership: Five tips for today’s entrepreneurial journey YouTube network Fullscreen adds NBCUniversal and HBO veteran Tim Mohn as new SVP of Engineering Totsy burns through $34 million, lays off its 83 employees, selling assets Why people are ignoring Windows 8′s new interface and using the “traditional” desktop instead Eat Club hits the road to feed hungry office workers A new iOS game looks to kickstart neuroscience education Bill Gross’ UberMedia launches UberAds, using social and location data to better target on mobile Skyhigh Networks raises $20M to control unauthorized cloud programs used in the enterprise “If you’re building specifically for mobile, you’re in the past” Scanadu asks Indiegogo users to test its “tricorder,” but don’t call it a pre-order

Thursday

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John Doerr doesn’t think Google Glass is like the Segway John Doerr on the great entrepreneurs of the last half-century John Doerr: “The tech industry is doing a good job in politics” John Doerr still sees a future in cleantech John Doerr: Microsoft might be the “fifth horseman” HP versus the headwinds, part 17 Silicon Beach: The Selena Gomez of SoCal’s tech industry Watch out USA, Canada’s coming: A Google Hangout on immigration reform Skillz rides skill-based real money gaming to pass 1M downloads in its first two weeks The bible belt’s “porn problem”: Religious cities watch as much porn as non-religious cities Pixel Press turns your child-like doodles into videogames Fandium raises $1.25 million for sports app that blends storytelling with betting Has content discovery reached its logical end? YC alum’s new service Loom aims to be photo management for the mobile world Appboy expands to help Android developers avoid heartbreak Zippy Picovico attempts to take on Animoto from the mountains of Nepal JustFab acquires The Fab Shoes in search of European domination, approaches $250M revenue rate Rallyverse, a platform that helps brands spread authentic content, releases API Original “growth hacker” Sean Ellis’ Qualaroo hacks the marketing conversion funnel Nextdoor: “We stopped everything we were doing and trained every engineer on mobile”

Yesterday

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Four simple strategies for monetizing your video content John Doerr: “Venture capital has changed and I need to adapt” Tumblr’s David Karp in his own words: a Pando meta media mashup Is the Internet of Things the future of narcissism? Lessons from Segway: Why John Doerr no longer makes $1 billion predictions PayDragon proves that mobile grocery ordering is sticky, sees revenue grow 35% per week Kickstarter and the view from the trenches of TechShop The pageless Web The uncomfortable difference between being a founder and an employer Enter the Ninja: A startup attempts world domination on “Internet of Things” from Australia Invalid coupons suck. Shopzilla’s Robot Oatmeal uses crowdsourcing to solve this problem Luxury brands are still unsure about how to engage the Web’s unwashed masses Proof we’ll never tire of photo sharing: “A Beautiful Mess” hits #1 in app store