LEADING THE DAY: Facebook has hired former Clinton White House press secretary Joe Lockhart as its vice president of global communications, The Washington Post reported. Lockhart will be based at Facebook’s Silicon Valley headquarters. (Washington Post Co. chairman Donald E. Graham sits on Facebook’s board of directors.)
He is the latest in a string of federal regulators moving to tech companies, highlighting the close relationship between Washington and Silicon Valley — and Facebook in particular. Lockhart’s D.C. counterpart, Marne Levine, was chief of staff to former White House National Economic Council director Lawrence Summers, and the company also recently hired Joel Kaplan, former George W. Bush deputy chief of staff, to head its D.C. lobbying office.
Experts say U.S., China need rules on cyber attacks: In remarks Tuesday, former secretary of state Henry Kissinger said that the U.S. and China need to agree on restricting cyber attacks and outline clearly what areas are off-limits for hacking, Reuters reported. Jon Huntsman, former ambassador to China and presumed Republican presidential candidate, said that discussions on cyber attacks are similar to discussions about weapons or military use of space. Both men called for a sort of cyber detente in the wake of several prominent attacks on institutions such as the Senate, Citigroup and defense contractor Lockheed Martin.
Pandora IPO: Pandora Media, the online radio company, raised $234.9 million in its initial public offering, Bloomberg reported, after pricing its shares at $16 each. The company debuts on the stock market Wednesday morning with a $2.6 billion valuation, with the ticker symbol “P,” the Associated Press reported.
Last month, the professional social networking site LinkedIn rose to a $9 billion valuation following its first day on the market. Shares have since fallen 19 percent below where they were on trading day.
Color loses co-founder: Peter Pham has left Color, the photo-sharing startup co-founded in March, TechCrunch reported. Color grabbed attention for raising $41 million in pre-launch capital, but fizzled after initial interest died down. According to the report, it is not clear why Pham is leaving the company.
White House plans public safety meeting: The White House will meet with members of the public safety community Thursday to discuss the establishment of a national public safety communications network.
Last Thursday, the Senate Commerce Committee passed a bill proposing the government allocate the D Block of spectrum for a public safety network by a vote of 21-4.
Data breach legislation hearing: The House Energy and Commerce subcommittee on trade will hold a hearing Wednesday discussing a data breach bill drafted by chairman Rep. Mary Bono Mack (R-Calif.). The bill calls for a national standard for dealing with data breaches and would require companies, universities and nonprofits to notify the Federal Trade Commission and consumers of data breaches within 48 hours.
Officials from the FTC, the Commerce Department, industry groups and the Electronic Privacy Information Center will testify.