groupon

Interesting commentary from around the Web on the tech story that made headlines this week.

As Facebook’s lock-up period expired this week, its stock price tumbled, fueling concerns that the social networking site may crack under further pressure from investors to expand its revenue streams. 

Facebook’s second full week of trading ended just as dismally as the first, and it wasn’t the only one that was ailing. Tech stocks across the board, from Zynga to Groupon, were down. While this was partly a result of a broader market decline, doubts about social media’s money-making potential have taken hold on Wall Street. 

Tim Bradshaw

Time Out, the entertainment reviews and listings group, has acquired Keynoir, a London daily-deals service, for a sum well below its inspiration Groupon’s multi-billion-dollar valuation

Now that Groupon has gone public, many are wondering what will happen next to the online daily deals seller.

While some are optimistic that the company will use the $700 million it raised in its offering to maintain a “dominant position even as deep-pocketed rivals ramp up their deals businesses,” others are doubtful the company can prove that its business is sustainable. 

Tech news from the web:

Barnes & Noble is to introduce the Nook Tablet, a lighter, faster, 7-inch color touchscreen e-reader, Engadget reports. The Nook Tablet is set to be released on November 16th for $249.

According to a study by Ernst & Young LLP, US venture capital investment in clean technology rose 73 percent from last year in the third quarter, Bloomberg reports. 

Tech news from around the web:

Apple has said in a statement that it has found a few bugs that are affecting the battery life of its latest iPhone devices running iOS 5, AllThingsD reports. Apple has said it will issue a software update in a few weeks.

Amazon is launching a book lending service for Kindle and Kindle Fire owners who are also subscribers of Amazon Prime, ReadWriteWeb reports.  

Tech news from around the web:

Since its integration with Facebook, MOG, the music streaming service, has reached 160,000 monthly average users, a 264 percent growth for the month of October, Venture Beat reports.

Apple is planning to update its retail store to allow customers to buy items through an app, BGR reports. The update is supposed to start on November 3rd. 

Tech news from around the web:

Steve Jobs’ biological sister Mona Simpson has shared the eulogy she delivered for her brother at his memorial service with the New York Times.

9to5 Mac reports that Apple has acquired C3 Technologies, a company that creates 3D maps of cities and geographic features. 

Tech news from around the web:

Social shopping site Groupon has launched ‘Reserve’  – a select premium service, according to PC Mag. Groupon – which has already introduced a loyalty program, Groupon Rewards  – is currently in the process of preparing for its $540m initial public offering. 

Google has upped the ante against Groupon in the increasingly flooded daily deals market, with a new personalization mechanism to help better target deals to subscribers – something Groupon has been trying to do for months with limited success.