While Apple had a big weekend selling more than 10 million new iPhones, it wasn’t the only tech giant breaking records. Chinese e-commerce company Alibaba Group Holding Ltd. closed its first day of trading on Friday at $93.89 per share, a 38 percent increase from its IPO price, and the biggest first-day jump for an IPO of at least $10 billion. The IPO became the largest ever at $25 billion, after underwriters exercised a greenshoe option to increase the deal size by 15 percent based on strong demand. Continue reading Alibaba Sets World IPO Record After its First Day of Trading

Following the iCloud security breach involving controversial celebrity photos, Apple is trying to regain consumer trust by encouraging users to utilize their new and pre-existing security features. The company revealed how it encrypts messages and offered tips for protecting user data in a newly-launched website. In the open letter, Apple CEO Tim Cook takes a swing at Google for monetizing users’ private data and reassures Apple users that their data is safe from the government. Continue reading Apple’s Open Letter Explains Privacy Tips, Security Methods

Social network Facebook is making changes to its algorithm that determines what stories show up in its users’ News Feeds. The update will give major news events like the Ferguson riots more priority, so that people can share and discuss these stories as they unfold. Facebook has also been able to convince advertisers to spend on high user engagement. An eMarketer report shows marketers’ digital ad spending share is higher than the share of time people actually spend on Facebook. Continue reading Facebook Updates News Feed to Include More Current Events

The company behind Uber’s driver calls and Airbnb’s text messages is now offering multimedia messages for businesses that want to reach their customers with photos and videos. Twilio’s API enables businesses to run call centers and send voice and text messages through Amazon Web Services for mere pennies. The new multimedia offering will work via MMS, or multimedia messaging service, through contracts with phone carriers in the U.S. and Canada. Continue reading Twilio Aims to Help Businesses Send Photo, Video Messages

Oracle announced yesterday afternoon that Larry Ellison has agreed to step down as chief executive officer, concluding what Businessweek described as “one of the most entertaining and profitable runs for a leader in business history.” Ellison, who turned 70 last month, has run the company since co-founding it in 1977. He will remain chairman of Oracle’s board and will become the chief technology officer. Oracle execs Safra Catz and Mark Hurd will share the CEO responsibilities. Continue reading End of an Era: Larry Ellison to Step Aside as Oracle’s Chief

The Alibaba Group, China’s leading e-commerce operator, raised nearly $21.8 billion in its initial stock sale yesterday. While not the biggest initial public offering to-date, Alibaba did have one of the strongest stock sales on record, surpassing those for Facebook and General Motors. When it begins trading today on the New York Stock Exchange, it is poised to become one of the world’s most impressive Internet powerhouses, a compelling blend of Amazon, eBay, Google and other tech giants. Continue reading Alibaba Raises $21.8 Billion in IPO: Ready to Take On Google

Ratings service Nielsen is starting to replace its traditional paper diaries with electronic devices it has developed to measure local TV viewership. Nielsen’s diary-based system, which has been in place in varied formats for at least 60 years, will eventually be retired. To start, the dismantling will affect 14 of the 154 markets in which hand-written viewing diaries are still used to collect data. The new devices will “listen” to the audio portion of shows that are being viewed by consumers. Continue reading Nielsen is Finally Going Electronic, Diaries on Their Way Out

With the release of Apple’s iOS 8, the company is introducing some significant privacy and sharing upgrades. Following the recent hack of celebrity photographs from iCloud accounts, Apple launched a campaign explaining the ways in which it handles personal data. CEO Tim Cook released a statement indicating that he wants Apple to be transparent about these issues. In iOS 8, the company released a feature called Continuity, enhanced user privacy, and family sharing. Continue reading Apple Introduces iOS 8 with a Focus on Privacy and Sharing

The United States Patent and Trademark Office granted leading aircraft manufacturer Airbus a patent in August for headrests that include helmets attached to a carrier. The headrests will relieve passenger stress by providing entertainment in addition to “sensorial isolation with regard to the external environment.” They will play immersive multimedia content on glasses with display screens that are capable of “holographic projection mode,” according to the patent. Continue reading Virtual Reality Helmet Could Redefine In-Flight Entertainment

In what could prove to be a bold move, Amazon and Apple are planning to allow customers to share media purchased from their digital storefronts with family members. Similar language is being used by both companies to describe the programs, and both are launching around the same time. Apple’s “Family Sharing” program will be available via its new iOS 8 software, while Amazon’s “Family Library” is scheduled to join hardware and software updates slated for the end of October. Continue reading Apple and Amazon Planning Programs for Sharing Digital Media

Maker of the popular iHeartRadio app, Clear Channel Communications, will rename itself iHeartMedia as it moves further towards digital media following the success of its radio streaming efforts. The iHeartRadio Network, which includes the websites of Clear Channel’s broadcast stations like KIIS in Los Angeles, attracts 97 million visitors per month. The company also sponsors the iHeartRadio Music Festival featuring some of the biggest Top 40 artists in the nation. Continue reading Clear Channel Emphasizes Digital with iHeartMedia Rebranding

The Federal Trade Commission announced yesterday that game maker TinyCo agreed to pay $300,000 to settle charges that it violated children’s privacy rules by improperly collecting information. The company was accused of violating the Children’s Online Privacy Protection Act (COPPA). In a separate case, Yelp agreed to pay a $450,000 penalty for doing the same through its consumer review app. Both companies were charged with collecting personal info from children under 13 without parental consent. Continue reading Yelp and TinyCo Face Fines After Violating Children’s Privacy

With Google’s vast resources, Nest CEO Tony Fadell is hoping to bring home appliances and consumer electronics together in a new line of sleek connected home devices. The plan is to develop a line of smart refrigerators, TVs, light bulbs, thermostats, smoke alarms, and security cameras that can all interact with each other. In typical Google fashion, Nest wants anybody to be able to connect to their hardware, so they released a developer program for other companies. Continue reading Nest and Google are Aiming to Design Smarter Home Devices

Micro-sharing just got easier for Facebook users. Instead of using complicated privacy controls, Facebook is working on an app codenamed “Moments” that will let Facebook users choose which sets of friends can see their content. The app focuses on audience rather than content, so each group of “co-workers,” “family,” and “high school pals” will have their own tile in the grid design. Facebook may auto populate the groups in the new app based on users’ Facebook activity. Continue reading Facebook Builds App for Private Sharing with Close Friends

Facebook has launched the TODO project (“Talk Openly, Develop Openly”) to help streamline the process of executing open source software projects, a major concern in a new era of cloud and mobile computing. Since Monday’s announcement, more than 30 companies have joined the initiative including Google, GitHub, Dropbox and Twitter. The TODO project plans to streamline the process of releasing and updating software, as well as develop a common set of tools for these programs. Continue reading Facebook’s TODO Project Aims to Steer Open Source Software