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$16B Should Cover It: Here’s The $15B Facebook Privacy Class Action Suit, And Facebook’s Response

facebook-privacy-1Facebook, which has now listed on NASDAQ, is set to make $16 billion if its share holds at the $38 price that it set yesterday — more if it ends higher. Here’s a coincidence: that’s just north of the total amount in damages, $15 billion, that a new class-action case is seeking against the social network over privacy invasion.

Filed in U.S. Federal Court in San Jose, California, the case (embedded below) combines 21 separate cases that have been filed in different courts in the U.S. in 2011 and 2012 — as the plaintiffs look for strength in numbers. All of the cases are connected to “Internet tracking,” or how Facebook tracks users when they are browsing the wider web outside of Facebook’s own pages, even after they have logged out of Facebook.

Facebook has already responded to the case with a flat statement of denial of guilt. “We believe this complaint is without merit and we will fight it vigorously,” a spokesperson told TechCrunch.

Zuckerberg Gets His Own Bizarre Animated News Video On IPO Day

Screen Shot 2012-05-18 at 10.25.33 AMIf only Facebook IPO day were a little less of a snoozefest than it is now. If only it had Zuckerberg impaling investors while riding a bull rampaging through a city. Or an elevator to space. Or Zuckerberg bouncing Ronald McDonald and the Hamburglar off a giant scale. But sadly, our surrealist dreams will never be realized.

We will just have to settle for the ho-hum performance of Facebook’s shares so far. In the meantime, you can watch this re-enactment from NMA TV or Next Media Animation, that Taiwanese animation subsidiary that riffs off current events with 3D animated videos that look like what the lovechild of Salvador Dali and Reddit would make. Oh, and did we mention that their parent company invests in tech startups too?

Judge refuses to throw out NCAA conspiracy suit against EA

A federal judge has refused Electronic Arts’ request to dismiss a class action lawsuit brought against it by former NCAA student athletes, who allege the publisher conspired to uses their likenesses without compensation. EA will now have to defend its …

The Underwhelming Scene Outside Facebook HQ

facebook hqWell, they warned us.

Yesterday, Facebook PR was telling reporters that when the company went public this morning, there wouldn’t be much to see at the Menlo Park headquarters. Nonetheless, I made the drive down from San Francisco, and I wasn’t alone. When I arrived at around 6:30am Pacific, the small parking lot set aside for reporters and news vans was already full. Facebook provided coffee and breakfast, as well as a portable bathroom.

Pages, Bubble Safari, GifBoom, Groupon, Disqus, more on this week’s top 20 emerging Facebook apps

There were a few notable additions to our list of emerging Facebook applications by monthly active users this week. We define emerging applications as those that ended with between 100,000 and 1 million MAU in the past week. GifBoom, a … Continue reading

Zuckerberg Receives Hoodie, Says “Our Mission Isn’t To Be A Public Company” In Pre-IPO Remarks

Zuckerberg Receives Hoodie From NASDAQFacebook’s CEO Mark Zuckerberg received a commemorative hoodie from the NASDAQ CEO Bob Greifeld and thanked his site’s users in opening remarks recorded before he rang the NASDAQ opening bell this morning.

In his short speech which you can watch below, Zuckerberg said:

“I just want to say a few things, and then we’ll ring this bell and we’ll get back to work. Right now this all seems like a big deal. Going public is an important milestone in our history. But here’s the thing: our mission isn’t to be a public company. Our mission is to make the world more open and connected. In the past eight years, all of you out there have built the largest community in the history of the world. You’ve done amazing things that we never would have dreamed of and I can’t wait to see what you’re all going to do going forward.

So on this special day, on behalf of everyone at Facebook, I just want to say to all the people out there who use Facebook and our products, thank you. So let’s do this! [Rings bell] This is an awesome moment. Remember, stay focused and keep shipping” Watch the video here…

comScore: 1 In 5 Videos Viewed Online Last Month Was An Ad

comscore_logoAccording to online analytics company comScore, Americans watched 37 billion online videos on sites like YouTube, Yahoo and Facebook in April. In total, 181 million U.S. Internet users watched an average of 1,307 minutes of online videos last month. Those numbers are virtually unchanged from last month, but one area that has seen pretty spectacular growth over the last few month is online video advertising. According to comScore, U.S. Internet users watched almost 9.5 billion video ads last month. That’s about 60 ads per viewer. What makes this number even more astonishing is that it was only in March of this year that the number of video ads topped 8 billion for the first time.

Report: Japanese government restricts controversial virtual goods practice

Japan’s Consumer Affairs Agency has formally declared that a questionable virtual goods sales method known as “kompu gacha” is illegal, and will penalize companies that continue to engage in the practice. The method, which has contributed to the enormo…

Quipper Raises $3.6M For Its Fun Take On E-Learning

157834v2-max-450x450There are lots of different approaches to the amorphous market of ‘e-learning’ but only a handful ever feel much like fun. I think amongst the best of these are sites like MangaHigh which teaches Math, or Moshi Monsters which has subtle learning tasks for kids.

Another which works well is Quipper, which, in a Q&A format, helps people learn things in a sort of game format. Today it’s announced that it has raised $3.6m (£2.3m) of Series A funding led by Globis, the Japanese VC. The round has been two other investors: Atomico, the London-based VC firm led by Skype co-founder Niklas Zennström and Benesse, a major Japanese education and publishing company.

Tracks Releases Most Ambitious Update Yet: Custom Camera, New Filters, And Real-Time Video

photo2How timely. After launching a year ago at Disrupt NYC 2011, Tracks is today releasing one of its biggest updates to date. The service is much like Color, but without the creepy factor as any and all members of a specific photo-sharing group must be invited. I like to think of it as the place where Color and Google+ Circles intersect, but I far prefer Tracks than either of the former.

Thus far Tracks has offered iOS, web- and real-world versions of your tracks (the collection of photos shared with a specific social network, which can be both geo-temporal or last forever). Today, however, the service gets much more beefy, with the ability to shoot and send real-time video and the addition of new filters, Instagram-style. There are now ten filter options on the app, and they’ll all work on both photos and videos.

But that’s not all.