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Facebook goes public, seeks to raise $5 bn in IPO

Investors came down with Facebook fever after the social networking titan filed to go public and seek to raise $5 billion in the largest flotation ever by an Internet company on Wall Street. The paperwork filed on Wednesday for the initial public offering provided the first glimpse of the financial…

Megaupload’s Kim Dotcom to appeal for bail in New Zealand

Megaupload boss Kim Dotcom will appeal on Friday against a ruling that kept him behind bars in New Zealand while US officials seek his extradition for alleged copyright piracy, his lawyers said. The German millionaire was refused bail last week when a judge ruled that he posed a serious flight…

EFF hopes to retrieve MegaUpload data for users

The Electronic Frontier Foundation announced Tuesday that it would try to help users retrieve data from the file sharing website MegaUpload.com, which was shut down by the FBI on January 19 because of alleged copyright infringement. “EFF is troubled that so many lawful users of Megaupload.com had their property taken…

User privacy key as Facebook goes public

NEW YORK — Respect for privacy and the personal data of of its hundreds of millions of users is going to be an even greater concern for Facebook as the booming social network prepares to list on Wall Street. “We might see a public Facebook that’s now facing more scrutiny…

‘Anonymous’ hackers attack Brazilian bank websites

BRASILIA — The shadowy computer hacker group Anonymous said Wednesday it attacked the websites of three major Brazilian banks over the past few days to protest widespread inequality in Latin America’s leading economy. Hackers from Anonymous’s Brazilian branch told the economy daily Valor that their attacks on Bradesco, Itau and…

International agreement cements frequently-abused U.S. copyright law

With the latest round of anti-piracy bills now soundly defeated, many activists and lawmakers have begun thinking about ways that the Digital Millennium Copyright Act (DMCA) may be changed to remediate portions that have been abused by copyright holders. Only, they’ve discovered that it may be too late. The Obama…

Sony’s Stringer steps down as president, CEO

Troubled Japanese tech giant Sony’s president and CEO Howard Stringer is to step down, the firm said Wednesday as it looks to staunch four years of losses in the face of fierce competition. Sony has been assailed on multiple fronts, with mobile phones challenging its key games division — the…

ACLU warns bill would gut video privacy law

The American Civil Liberties Union on Tuesday expressed its concern with proposed changes to the Video Privacy Protection Act (VPPA), which would allow companies to gain perpetual consent to sharing their customers’ video rental records. At a Senate Judiciary subcommittee on Privacy, Technology and the Law hearing on Tuesday lawmakers…

Google defends privacy plan to U.S. lawmakers

WASHINGTON — Google, facing pressure from US lawmakers over a new privacy policy, said Tuesday it remains committed to protecting consumer data as it creates a “seamless and easy” Web experience. The Internet giant sent a letter to lawmakers and posted comments on its public policy blog defending the changes…

Newsreader who ‘buried Putin’ is Internet star

A newsreader who slipped up and said bloggers were debating whether Prime Minister Vladimir Putin should be buried has become an Internet sensation and received thousands of grateful posts in Russia. Maria Bukhtuyeva, a newsreader from the Siberian city of Krasnoyarsk, made the mistake when wanting to say presidential hopeful…

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