Facebook’s teeter-totter on the Nasdaq has caused some to wonder whether it’s a good idea for Internet companies to go public. After a little back-and-forth and a bit of careful consideration, the online travel agency Kayak has decided to take the plunge. Trading is scheduled to begin on the Nasdaq tomorrow, with the company’s initial public offering set at $26 per share — above the expected range of $22 to $25, according to CNBC.
What if your wireless provider gave you Internet access and search results according to what it decided was a “priority”? As a Verizon Wireless customer, I’m furious at the idea that it would “pick favorites” over what I was actually looking for — especially if it was an emergency. But that’s just what Verizon is fighting in court to do right now.
PROVIDENCE, R.I. (AP) — The state of Rhode Island is working to determine how much it stands to lose in a $75 million loan guarantee deal for former Red Sox pitcher Curt Schilling’s video gaming company after its bankruptcy filing this week.Officials believe that the state will be first in the line of creditors to 38 Studios, and that the company’s assets could be worth a substantial amount. But they don’t yet know how much taxpayers might have to pay to make good on a guarantee economic development officials once described as being well worth the risk.Federal and state authorities have launched probes into “all financial transactions” of 38 Studios, the head of the Rhode Island state police said Friday.Col