Most Read: Business

 Last Update: : AM 05/04/2015(NASDAQ&DJIA)

World Markets from      


Other Market Data from      


Key Rates from      


Blog Contributors

Timothy B. Lee

Timothy B. Lee

Timothy B. Lee covers technology policy, including copyright and patent law, telecom regulation, privacy, and free speech. He also writes about the economics of technology. He has previously written for Ars Technica and Forbes. You can follow him on Twitter or send him email.

Brian Fung

Brian Fung

Brian Fung covers technology for The Washington Post, focusing on electronic privacy, national security, digital politics and the Internet that binds it all together. He was previously the technology correspondent for National Journal and an associate editor at the Atlantic. His writing has also appeared in Foreign Policy, Talking Points Memo, the American Prospect and Nonprofit Quarterly. Follow Brian on Google+ .

Andrea Peterson

Andrea Peterson

Andrea Peterson covers technology policy for The Washington Post, with an emphasis on cybersecurity, consumer privacy, transparency, surveillance and open government. She also delves into the societal impacts of technology access and how innovation is intertwined with cultural development.

Post Tech
About / Where's Post I.T.?   |    Twitter  |   On Facebook  |  RSS RSS Feed  |  E-Mail Cecilia
Posted at 10:01 AM ET, 06/03/2011

The Circuit: Groupon IPO, Gmail attack causes China tension, Calif. privacy bill dies in Senate

LEADING THE DAY: Groupon filed for its initial public offering Thursday with the Securities and Exchange Commission. The daily deals site hopes to raise as much as $750 million with its IPO, led by underwriter Morgan Stanley.

In its filing, the company revealed that while it earned $644 million in revenues in the first quarter of this year, it still lost $146.5 million.

The IPO comes on the heels of a huge offering from LinkedIn and worries about a new tech bubble, with several reported tech IPOs on the horizon. Zynga is said to be on the verge of hiring Goldman Sachs to lead its own IPO. Citing a “person with knowledge of the matter,” Bloomberg reported that Goldman Sachs is expected to make a decision by Friday.

Gmail phishing attack causes high-tech tension: China angrily denied that its government was behind a targeted phishing scam that convinced U.S. government officials to divulge their usernames and passwords to hackers based in the eastern Chinese city of Jinan, The Washington Post reported.

The Chinese government said that Google’s accusations that the breach started in China are a “fabrication out of thin air.” Secretary of State Hillary Rodham Clinton called Google’s allegations “very serious” and said that the FBI is investigating the matter.

White House Press Secretary Jay Carney said that all White House employees are told they cannot use their personal e-mail addresses to conduct government business.

California privacy bill dies in Senate: California Sen. Ellen Corbett’s bill, which would have mandated a dramatic change in the way users register for sites online, died in the California Senate Thursday. The measure was opposed by Web giants such as Facebook, Google and eHarmony, but supported by privacy advocates such as Common Sense Media.

The Sacramento Bee reported that Corbett read a letter on the Senate floor saying the “social media guys” need a wake-up call and said that the discussion would continue.

FCC says Baker followed rules: In a letter to Rep. Darrell Issa (R- Calif.), chairman of the House Oversight Committee, the Federal Communications Commission said that Commissioner Meredith Attwell Baker followed ethics rules regarding her planned move to become a lobbyist for Comcast.

FCC chairman Julius Genachowski said that the commissioner contacted the FCC’s ethics officer for guidance on “procedures she should follow if she subsequently entered into exploration of employment with NBC Universal” on April 13 and will be subject to post-employment restrictions.

AT&T exec says LTE will match Verizon by 2014: In a speech at the All Things D Conference Thursday, AT&T wireless head Ralph de la Vega said that AT&T would have an LTE network to rival Verizon’s by 2014. He said that in two or three years, LTE service will be indistinguishable.

“Sexting” cause for expulsion in California: The California Senate approved a measure that makes “sexting” — sending lewd or pornographic pictures via text message — cause for expulsion in California public schools. Students who send such pictures on school grounds, or in transit to and from school and school-related activities can be expelled. The messages must be “directed specifically toward a pupil or school personnel,” according to a report from The Associated Press.

The American Civil Liberties Union opposes “sexting” bills, arguing that the issue could be better addressed through education. The Ohio House passed a similar bill on May 27, The Columbus Dispatch reported.

Sony hacked again: Hacker group LulzSec posted about a million usernames and passwords of customers in the U.S., Netherlands and Belgium and made the information available for download on its site. The group said its aim was to embarrass Sony and call attention to the fact that none of the information it took was encrypted.

In a statement, Jim Kennedy, executive vice president of Global Communications for Sony Pictures Entertainment, said, “We are looking into these claims.”

In a congressional hearing Thursday, Tim Schaaf, president of Sony Network Entertainment International, said the company supports standard legislation that would require companies to provide timely, accurate information on breaches and customer resources to combat the effects of an attack.

By  |  10:01 AM ET, 06/03/2011

Tags:  Security, Kids Online, Facebook, Google, Mobile, AT&T, Verizon, Privacy, International, Groupon, SEC

Read what others are saying

    © 2011 The Washington Post Company