Google Drive Unveiled | Facebook May Delay IPO | Groupon Seeks Directors

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Introducing Google Drive… Yes, Really (Google Blog)
Just like the Loch Ness Monster, you may have heard the rumors about Google Drive. It turns out that one of the two actually does exist. BGR Google on Tuesday unveiled a new cloud storage service being billed as the next step in the evolution of Google Docs. Dubbed Google Drive and built to compete directly with Microsoft’s SkyDrive and other similar services, Google’s new cloud storage solution features 5GB of free space and deep Google Docs integration that allows users to collaborate and share all of their documents. GigaOM The new service will be accessible from a Web browser along with different client devices including Mac OS X, Windows and Android devices (tablets and phones). The iOS version of Drive will arrive soon, the company says. Lifehacker Each user gets 5GB for free, and can upgrade to 25GB for $2.49 a month, 100GB for $4.99 a month or even 1TB for $49.99 a month. If you upgrade, it’ll also raise your Gmail storage to that level.

Facebook IPO Could Be Delayed by Deals, Distractions (CNBC)
Facebook founder and CEO Mark Zuckerberg has been more focused on running the business and making acquisitions than on preparing for the share sale, making it hard for him and other managers to focus wholeheartedly on the IPO preparations. AllFacebook In particular, Facebook’s $1 billion acquisition of Instagram and $550 million purchase of former AOL patents from Microsoft will require that additional information be submitted to the Securities and Exchange Commission. TechCrunch It could force Facebook to delay its IPO from the May 17 date we’ve heard from multiple sources to late May or even early June. The pre-IPO roadshow would have to be pushed back as well. Potential investors might groan, but one day they might be smiling all the way to the bank.

The Police Don’t Need a Warrant to Subpoena Your Tweets, Judge Rules (The Village Voice / Runnin’ Scared)
Judge Matthew Sciarrino ruled Monday that your tweets aren’t actually your tweets. Sciarrino was ruling on motions in the case of Malcolm Harris, the managing editor of The New Inquiry, charged in connection with last September’s Occupy Wall Street march on the Brooklyn Bridge. AllTwitter Prosecutors sought to subpoena more than three months worth of Harris’ tweets so they could use them to challenge Harris’ “anticipated defense” that police officers led protesters onto the bridge before arresting them. Gizmodo Though we think those tweets are ours to delete, they’re entirely the property of Twitter as a third-party service. Prosecutors can gobble them up and use them to nail us for crimes without our consent.

See It To Believe It: AOL Is Launching AOL On, A Video Network To Drive Video Ad Sales (TechCrunch)
AOL On, as the new site is called, is a premium content portal that will work across desktop, mobile and tablet optimized sites and apps, as well as connected TV devices. And the guy running it, Ran Harnevo, SVP of AOL On, makes clear that it is nothing like a YouTube wannabe: “No dogs on skateboards, and no upload button,” he says. paidContent On this hub, the oft-reinvented AOL will sift through a library of over 320,000 short-form videos created by more than 1,000 publishers. Content will be divided into 14 channels, breaking down into the usual formats of food, business, entertainment, style, tech, travel, health, etc.

‘Moms for Mitt’ Flock to New Romney Facebook Community [EXCLUSIVE] (Mashable)
The Romney campaign created “Moms for Mitt,” a Facebook community that’s being used to display Romney’s life as father and husband and to share infographics dealing with women’s issues. This latest initiative is an outgrowth of months of political battles by the two major parties over women’s issues and treatment.

Teen Uses Social Media to Rally Support for Slain Sister (CNN)
Hoping to keep the man accused of killing her sister behind bars, a teenager created an online video that was posted on YouTube asking people to show up at a court hearing yesterday to keep the bond at $1 million. Miami Herald “We’re all going to meet at 7:30 in the front of the courthouse, and we’re all going to walk in together, so the media can see how many people this has affected,” said Breeann Marie Camacho, the video’s creator. “Even if you don’t know me or my family or my sister, like, we can save lives. This isn’t supposed to happen. We need to stop drunk driving.”

Groupon Is Said to Seek New Directors After Restatement (Bloomberg)
The largest provider of online daily deals aims to recruit a new director who could eventually lead its audit committee, said one person familiar with the matter. Potential candidates include chief financial officers at publicly traded companies, the person said. Chicago Tribune Groupon has had a rocky beginning to its life as a publicly traded company. In late March, the company restated its fourth-quarter and full-year revenues, citing “material weakness” in financial controls. The company said it is seeking to improve internal controls by adding staff and working with a different accounting firm.

VideoReddit for iPad Lets You Watch Reddit’s Best Videos (SocialTimes)
This new VideoReddit app for iPad lets you watch all of the latest videos that are going viral on Reddit. The application is very simple, it’s just a video box and a small frame around the outside. It’s easy to click through to the next video and, if you’re interested, you can click the comments button at the bottom. Doing so pops up the Reddit page for the video without stopping the video in the background.

Exclusive: Bebo Founders, Shareholders Sue Owner For ‘Destroying’ Site (paidContent)
The dispute is the latest twist in the tale of the teen-focused social network, which Michael and Xochi Birch founded in 2005 and which AOL bought from the couple and other original investors in 2008 for a stratospheric $850 million.

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