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Facebook's price too high for a 'fad'? - CNET Update

2012-05-15
it's time to code your mail read in the dark and catch pokemon in your living room I'm Bridget Carey and this is your cnet update everyone's watching Facebook as it prepares to go public on the Nasdaq this week values for its initial public offering are in the 34 to 38 dollar range which at the high end would make Facebook worth more than a hundred billion dollars but we'll find out Thursday where the actual stock price will be after that it's all up to the markets but it's worth knowing that half of americans surveyed by the AP and CNBC said the asking price of the stock is too high and that Facebook is just a passing fad twitter has begun sending out a weekly email digest of the top tweets and stories relevant to who you follow which pretty much is only helpful if you don't use Twitter and everyone is automatically enrolled in the mailings so you have to manually opt out and spam amazon is planning to release an eating kindle with a front lit screen in july according to Reuters that would mean you don't need a cover with a light to read in the dark Barnes & Noble already came out with its glow light nook at the end of April and here's something that'll make you laugh next season CBS will air a sitcom about two friends from a small town who moved to LA to work at Groupon Vanity Fair broke the news of the show which would be called friend me yeah I know you don't friend on groupon but I guess they wanted to use that social tech company jargon it'll start the nerdy mclovin from superbad and playing the cool friend as the guy who's been in several Disney movies no word if Groupon will be involved in creating the show expect to see more QR codes in your mail this summer the United States Postal Service is giving a two percent discount on postage when a QR code is on a card letter or envelope the post office is hoping this will encourage businesses to send more mail and to show how snail mail can engage customers last week we reported that the chief of the foxconn factory said the facility is preparing to manufacture Apple televisions yeah well apparently he said no such thing and Foxconn says the reporter in China just made it up that's apple rumors for you you can now catch pokemon in real life well sort of Pokemon dream radar is an augmented reality game coming to the north american 3d se shop this fall using the 3ds camera to scan your surroundings Pokemon will phase into view catch them and then use those characters in other Pokemon games who needs imagination anymore when you got augmented reality that's your tech news update for today for more on the stories in today's show visit cnet com / update from our studios in New York I'm Bridget Carey
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