Hong Kong, China (CNN) - Facebook may soon update its status from “private” to “public” in what will likely be the biggest tech IPO in history. Reports say the social network could file registration papers as soon as Wednesday, for an initial public offering this May.
The tech giant is aiming to raise a whopping $10 billion. That would eclipse the previous U.S. IPO tech record set by Google. In 2004, the search engine and e-mail provider, raked in just under $2 billion.
If that $10 billion goal is met, it would give Facebook a value of between $75 billion and $100 billion. FULL POST
(CNN) – Given a choice between internet access or keys to a car, which would you choose?
According to new research, it’s more of a toss-up for young adults. That not only marks a generational divide between lifestyle choices for Generation X and Gen-Y, but could have a knock-on effect for how future cars are developed, the study author says.
It also speaks to a new study on why more traffic deaths in the U.S. are a result of using phones or portable electronic devices while driving.
When posed with the dilemma of choosing between access to your car and access to the Internet, 46% of all 18-to-24-year-old drivers in the U.S. surveyed said they would choose the Internet and give up their cars.
As world leaders prepare to gather in Cannes this week for the annual G20 summit, a generation of young people are being left out in the cold, forced to fend for themselves in the wake of the economic crisis.
Youth unemployment rates are at a record high: In Spain, it is at a staggering 44%. In Italy it's 28% while France does slightly better at 21%.
Even in Germany - the economic powerhouse of the Eurozone - youth unemployment is at 8%.
But has anyone really taken the time to hear how this generation of young people are doing?
Not really. At least I don't think so. That's why CNN's Diana Magnay and I will be embarking on a road trip around Europe to hear from young people and find out what their frustrations and fears really are.
On Monday, I'll be heading to Berlin to join Diana on the first leg of our epic journey, which will take us through Germany, Italy, France and Spain.
One of the things that makes this road trip so different is that we'll be organizing mini 'town hall meetings' in each city via social media.
We'll be reaching out via iReport, Twitter and Facebook to try and connect with some of you and share your stories on CNN.
At each stop on our journey we hope to have at least a few of you gathered with us to discuss how you feel about your European leaders, the economic crisis and the future - yours, and that of the continent as a whole.
We'll be sharing your views each and every day next week on CNN International on shows like Connect the World, Quest Means Business and World Business Today.
The key though is YOU!
We need you to reach out to us, and to make that trip into town to meet us. We promise there will be some coffee and snacks for you too!
Here's our schedule, if we can manage the mammoth drive.
Tuesday November 1: Munich, Germany
Wednesday November 2: Milan, Italy
Thursday November 3: Marseille, France
Friday November 4: Barcelona, Spain.
If you live in any of these cities and want to come and meet up with us, please send me an e-mail at Phil.Han@cnn.com or reach out to me via Twitter @PhilHanCNN.
Editor’s note: These are edited highlights of a speech CNN’s Richard Quest gave at Nokia World, October 26.
London (CNN) – It is now almost one hundred years since RMS Titanic hit an iceberg, and sank, on its maiden voyage to New York. Just imagine how the news might break if it was happening now, in the age of the almighty mobile.
The tweets might look something like this:
(11.40pm) @passenger1 OMG! Massive bang onboard Titanic. Think we've hit something.
(11.41pm) @passenger2 Titanic under attack. Sirens and staff running everywhere.
(11.41pm) @boatengineer1 Just seen water surging through lower deck.
All hands on deck sirens blaring.
(11.45pm) @WhiteStarPR RMS Titanic on course for record crossing, says captain. For pics and live updates click http://titan.ic/hubris
And on they would go...
(00.51am) @WhiteHouse President briefed on attack against ship bound for New York. Initial reports suggest Al Qaeda involved.
That's all in the land, or should I say sea, of the 'eternal subjunctive' – how it might have been.
And here's how it actually was on January 15, 2009, when U.S. Airways Flight 1549 took off from La Guardia with 150 passengers and five crew on board, en route Charlotte, North Carolina.
Just three minutes after take-off the Airbus flew into a flock of Canadian geese and three minutes after that, it came down in the Hudson River.
It's been described as the "Miracle of the Hudson" and "the most successful ditching in aviation history."
Not one of the 155 souls on board suffered any serious injuries – and the news was broken by people using their mobile phones.
This is truly is the age of the almighty mobile, and the citizen journalist.
(CNN) – Evolve or die. That’s Darwin’s basic tenet. Failure to adapt to change dooms a living organism to death. In the virtual world of online social networking, the same holds true.
Since it came online in 2004, Facebook has adapted quickest and best. Popularity and profitability have followed: it lays claim to more than half a billion users while a 2012 IPO may value it at more than $100 billion. That’s powered up Facebook to barrel like a juggernaut through online pioneer Friendster and same-niche competitor MySpace, leaving them flattened in its wake.
But they haven’t flat-lined – at least not yet. And in the past few days, we’ve actually seen some twitching in those two online names that you had all but forgotten. But are their moves resurrection signs or merely reflex jerks before rigor mortis? Let’s take a look at what’s recently happened.
NEW YORK CITY – Let's face it: the news these days is pretty depressing. High unemployment, spiraling deficits, lawmakers quitting because the mood is so poisoned in Washington. So, it was a breath of fresh air when I sat down with Jack Dorsey, co-founder of Twitter (@jack) to talk about his new company Square.
You might think that someone who has achieved so much so young might be… well… a little self-important. But I found the exact opposite. When I met Dorsey, he was passionate about his work, polite and generous with his knowledge – basically a really really NICE guy. Maybe it is his mid-western background that keeps him grounded, I don’t know. But it was refreshing.
Square, Dorsey’s new project is looking to take mobile banking to a new level. They have developed software and a small hardware device that will allow anyone will a portable computer or smart phone to accept credit-card payments. If you meet a friend for dinner and have no cash, you can whip out your card and pay them right there on the spot.
In the demo we did, Dorsey charged me $4 for the interview (well $3 and I gave him a $1 dollar tip!).
Banking through mobile phones is not new in Africa, but those of us in Europe and the U.S. are a bit behind. This payment system hopes to change that. Square is beta testing with iPhones now, but plans to expand to Blackberries, Android and laptops and officially launch this summer.
The day I interviewed Dorsey, we met at one of his local haunts, Third Rail coffee shop on Sullivan Street. The two proprietors are guys who left their former jobs in the pursuit of perfect cup of java (and they’ve come pretty close!).
Dorsey and I then talked about Square, the competition (a handful of other companies are also working on mobile payments systems) and tech start-ups and I left feeling… well… hopeful.
Despite all the gloom and despair, New York City is humming with entrepreneurs. Some are chasing their own dream, some working on new ideas that have the potential to radically change the way we live/do business. And there isn’t any economic data that captures that. No monthly government reading that measures innovation. It is important to remember that when you read yet another headline about sub-par growth and lost jobs (even if I am the one writing, or saying, it!).
People have been using social media sites such as Twitter and Facebook to express their feelings about the threatened strike by British Airways cabin crews.
Both the airline and the union have been slammed by people who may be affected by the strike and CNN has been monitoring the so-called “real-time Web” to see the massive outpouring of emotion but also to help us connect directly with people who have a story to tell.
We use this huge following, and the fact that we have most of our CNN correspondents and anchors using social media themselves, to help us find people who have a real story to tell.
In the case of the threatened strike at British Airways, we asked Richard Quest to reach out using his social media accounts to ask for people whose travel plans are threatened by the strike to contact him directly. Richard will be featuring some of the people and stories he has found over the next few days on CNN. You can tweet Richard back or e-mail him at email@example.com
As well as Richard Quest, Adrian Finighan has been reporting from Heathrow Airport all day and Michael Holmes and Ayesha Durgahee will be reporting live from London today as well.
All of them are using social media to reach out to the audience and to direct people to our latest reporting on CNN and CNN.com.
We also use new social media tools such as “Twitter Lists” to collect all our relevant Twitter accounts on a story in one place. This allows our audience to easily find all of our correspondents on the story and to see the “real-time” coverage of the story alongside the reporting on CNN and CNN.com.
Here is our CNN Twitter List for the British Airways story.
We have also added the official Twitter accounts for British Airways and for the Unite trade union to our list so you can see our reporting and the information being put out by the parties involved in the dispute.
An unfiltered stream of information on social media can make it very hard for people to find relevant information and an element of “curation” helps the audience find what they are looking for but also helps us at CNN to direct people to our latest reporting on CNN and CNN.com.
We are also using the power of CNN iReport to allow people to send their stories and images about the threatened strike directly to CNN and give people an opportunity to tell their own story. We have set up an iReport assignment page for people to share their stories with us.
Looking to social media for people expressing their opinions about a story is interesting but what we are looking for at CNN is not just a stream of opinion and commentary, but real people with real stories to tell.
About Business 360
CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.