Microsoft and RIM Sign Agreement and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB): After losing Facebook, The Winklevoss twins have decided to have another go at a social network, but this one is for professional investors. With $65 million from their settlement with Mark Zuckerberg and Facebook Inc., Tyler and Cameron Winklevoss now have the intentions of supporting another Harvard alumnus Divya Narendra, who also stood as their ally in the Facebook fight, in the investment website. The brothers have already put $1 million into the website, named SumZero, which was founded by Mr. Narendra along with another Harvard alum Aalap Mahadevia. The shares traded up $0.38 (1.77%) recently at $21.90.
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Apple Inc. (NASDAQ:AAPL): AT&T (NYSE:T) will have a net neutral complaint filed against them from the Free Press, Public Knowledge, and the New America Foundation’s Open Technology Institute about network neutrality rules when it uses Apple’s FaceTime, according to Gigaom.com. This comes as no surprise, but the FCC response time has not been clarified. The shares traded up $0.19 (0.03%) recently at $699.97.
Google Inc. (NASDAQ:GOOG): Square, which is the mobile wallet start-up made to combat eBay’s (NASDAQ:EBAY) PayPal and Google’s (NASDAQ:GOOG) Wallet offerings, generated $200 million in a new round of funding, giving the company a value of $3.25 billion, reports Financial Times, citing sources. This financing round was led by investors including Citigroup’s (NYSE:C) Citi Ventures arm and Starbucks (NASDAQ:SBUX). The shares traded up $4.66 (0.66%) recently at $714.64.
Microsoft Corporation (NASDAQ:MSFT) and Research In Motion (NASDAQ:RIMM) have signed a patent licensing agreement allowing RIM to have broad access to the most recent Extended File Allocation Table (exFAT), which is for particular BlackBerrys. exFAT is a modern file system used to facilitate large files for audiovisual media, and it also allows data to be transported simply and efficiently and it provides an easy interchange between desktop PCs and other electronic devices. The shares traded down $0.04 (0.13%) recently at $31.17.
Intel Corporation (NASDAQ:INTC): Today, Google’s (NASDAQ:GOOG) Motorola Mobility revealed its new smartphone which runs on Intel, Reuters reports. The phone has been named the Razr i, and it has a 4.3 inch display and is being marketed toward Europe and Latin America. The shares traded up $0.01 (0.02%) recently at $23.32.
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