Facebook went public on May 18, 2012, with the price of a share initially set at $38. The company was valued at $104 billion–quite a bit for a company whose 2011 revenue just topped $3.7 billion–so it might not be surprising that the Facebook IPO sort of…flopped.. At this writing, a little more than two weeks later, Facebook shares were trading around $27 , down $11.10 from the opening price.
Smart phone based social network “Path” was rolling along pretty well until this February, when a developer discovered that the app was uploading users’ address book to its servers without their explicit consent. Though Path was not the only app to upload names, email addresses, and/or phone numbers from users’ address books without the users’ express permission), the network’s road to forgiveness has been difficult.
Tech vendors have been talking up NFC (near-field communication) mobile payments for a while now. But it looks as though 2012 won’t be the year of the mobile payment system; consumers have been reluctant to adopt the payment method. Also, in February of this year, a blog described a troubling security flaw in Google’s NFC payment method, Google wallet. The vulnerability allowed anyone holding a rooted smartphone that was running Google Wallet to access the Google Wallet PIN and make purchases using the credit card tied to the NFC chip.
Sony’s anticipated Playstation Vita handheld gaming console debuted in the United States on February 22. Despite positive reviews, the Vita suffered a rough launch, prompting observers to wonder whether handheld gaming consoles are worth the extra money when smartphones have effectively become gaming machines.