Groupon files for IPO Video
Groupon files for IPO Video Transcript
It's Monday, June 6th, 2011. I'm Wilson Tang on CNET.com and it's time to get Loaded. Groupon, the social daily deals discount site, announced it's filing an IPO for $750 million. You may remember that Groupon turned down a $6 billion offer from Google. While the $750 million IPO values Groupon between $20 to $25 billion, some analysts are cautioning that the 8000-employee site is burning through a hundred million dollars a quarter and still not earning a profit. Apple's much-rumored iCloud service is expected to make its debut today at the company's World Wide Developers Conference. iCloud is expected to stream music from the cloud but new rumors from the Cult of Mac suggest that it might have a lot more to do with the new Time Capsule device than just the cloud. Time Capsule is Apple's home wireless networking and backup device, but new rumors suggest that the Time Capsule itself could stream music and movies while caching software updates for iOS devices. Stay tuned to CNET.com for the latest from WWDC. The bankrupt Nortel Networks is unloading 6000 patents on technology that includes wireless video, Wi-Fi, and even 4G LTE. The Justice Department, however, is worried that the patents could stifle competition especially if Apple gets a hold of them. The DOJ's Anti-Trust Division is reviewing the bids for the patents but is yet to take any action. Advertisers are always trying to find ways for users to engage with advertising, and McDonald's has found a way for users to actually look at billboards. Now people can whip out their iPhones and play digital Pong. If you manage to last more than 30 seconds, you also win a coupon from McDonald's and the best part about the new advertising is that you don't have to download any new software. The controls are available over a simple URL that checks your location via GPS. HTC and Sprint have made some announcements about their upcoming Android phones. On June 24th, the HTC EVO 3D and the 7-inch EVO View 4G will make their debut. Both phones will run 4G, WiMAX, and Android Gingerbread. The EVO 3D will cost $200 while the EVO View 4G will run $400 on, yes, a 2-year contract. Those are your headlines for today. I'm Wilson Tang for CNET.com and you've just been loaded.
In the news today, Google is coming under the antitrust microsope, your privacy is breached left, right, and center by everyone from Pandora's mobile apps to the growing Epsilon email breach scandal. The MPAA files the least shocking lawsuit ever (sorry, Zediva), two venerable tech names become one, and the leaky ship of the NY Times paywall gets yet another loophole. --Molly
Chicago-based Groupon has established itself by selling online coupons for local businesses. Tech companies and investors will be closely watching as the 3-year-old company goes public later this week. CNET's Kara Tsuboi reports.
At the WWDC conference in San Francisco, Apple CEO Steve Jobs unveils iTunes Match, part of the company's new iCloud service. For a $24.99 annual fee, users can use iTunes Match to scan their music library for non-iTunes purchased songs. Apple then provides a DRM-free file of those songs for access from iCloud.
eBay adds daily deals to its extreme makeover, Sprint could be getting a big financial boost, and Photoset shares groups of photos with ease.
Now that Facebook is testing out its own local-deals service, CNET's Kara Tsuboi looks at whether Groupon and other copycat sites have a chance at survival.
At Apple's WWDC, Steve Jobs introduces the concept of iCloud and how this service relates to the Contacts, Calendar, and Mail apps.
Amazon's streaming music service now works on the iPad. iCloud who? Even we're surprised how easy it is to use.
Apple's Jeff Robin demos the company's new iTunes music app. Apple has reworked iTunes to feature a simplified user interface, iCloud integration, and a new mini player.
Steve Jobs announces Apple's iCloud storage service; Nintendo introduces its next-gen console, the Wii U; and Apple unveils plans for giant spaceship-like campus.
The World Health Organization says that cell phone use might be carcinogenic, Twitter launches the Follow Button, and Apple announces Mac OS X Lion, iOS 5 and iCloud will be the focus of WWDC.