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The Circuit: LinkedIn IPO jumps to $4 billion, Dems push for public safety network, Commerce launches bilingual initiative

LEADING THE DAY: Following intense investor interest, LinkedIn’s initial public offering is now expected to be valued at about $4 billion, Reuters reported. Shares will now be priced between $42 and $45 per share, up from an expected range of $32 to $35. LinkedIn is set to begin trading on Thursday.

Dems push for public safety bill: Sens. Jay Rockefeller (D-W.V.), Charles Schumer (D- N.Y.), Kirsten Gillibrand (D-N.Y.), Amy Klobuchar (D-Minn.) and Barbara Boxer (D-Calif.), will hold a news conference Tuesday morning urging Congress to pass Rockfeller’s public safety bill. The bill would reserve airwaves to create a national network for first responders, a recommendation of the 9/11 commission.

Commerce Dept. bilingual broadband initiative: On Tuesday, the National Telecommunications and Information Administration will kick off its initiative to open 13 bilingual computer centers aimed at equipping Latino entrepreneurs with competitive digital skills. The Washington Post reported in February that Hispanics, the fastest-growing ethnic group in the country, have a much lower Internet adoption rate than whites and blacks.

White House international cybersecurity plan: The White House released its international cybersecurity plan on Monday, sharing its cyberspace ideas on defense, diplomacy and international development, The Washington Post reported. The 30-page document outlines how states should promote a secure and open Internet. It is designed to indicated the country’s willingness to work with other nations to secure digital networks.

FTC complaint raises Dropbox questions: A complaint filed with the Federal Trade Commission last week claims that the online storage site Dropbox has misled its customers about its file security, ReadWriteWeb reported. The complaint, filed by PhD student Chris Soghoian, says Dropbox gave its customers false impressions about the security of their data and whether or not employees can see user data. Dropbox spokeswoman Julie Supan told ReadWriteWeb that the company believes “this complaint is without merit, and raises issues that were addressed in our blog post on April 21."

Winklevoss twins will appeal to Supreme Court: Tyler and Cameron Winklevoss, the twin brothers who claim Facebook CEO and co-founder Mark Zuckerberg stole their idea, said they will take their case to the Supreme Court, All Things Digital reported. The Ninth Circuit Court denied the brothers’ petition for a hearing with a full panel of judges on Monday afternoon. The men want the court to overturn an earlier multi-million dollar settlement they reached with Facebook, claiming that they were misled about the social network’s true valuation.

Hayley Tsukayama covers consumer technology for The Washington Post.



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