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Groupon's stock closes up 31% on first day of trading

Groupon, the brash and much-criticized daily-deals pioneer, did it.

Shares of the 3-year-old Internet company closed at $26.11 today on the Nasdaq, a jump of more than 31 percent from its offering price of $20. That leaves Groupon with a market valuation of about $16.7 billion, almost three times the buyout offer from Google it rejected in December, and surely enough to reignite the debate of whether Bubble 2.0 is here.

Today's valuation makes Groupon nearly as big as Yahoo, 10 times the size of AOL, and more than 15 times the size of The New … Read more

LinkedIn raises outlook, plans $100M stock sale after solid Q3

LinkedIn delivered a solid third quarter and upped its outlook for the fourth quarter and 2011. The company also plans to sell more shares to raise up to $100 million in capital.

The professional social networking company reported a third quarter net loss of $1.6 million, or 2 cents a share, on revenue of $139.5 million, up 126 percent from a year ago. The company said its non-GAAP earnings were 6 cents a share.

Wall Street was expecting a loss of 4 cents a share on revenue of $127.6 million.

The company said it had 131.2 … Read more

Grockit gets $7M to keep boosting SAT scores

Social learning startup Grockit has raised an additional $7 million in venture funding to expand its online test-preparation services.

Although not related to the funding, Grockit also recently launched a new service called Grockit Answers that can turn any YouTube video into a Q&A session. (Here's a company-supplied example on the credit crisis.)

Grockit's tools draw on social networking and online gaming to personalize learning outside of the classroom--ideally, to help students conquer their academic weaknesses and ace test preparation. The company's tag line is "Test Prep Made Fun." Grockit claims one million … Read more

This Day in Tech: LinkedIn hosts a town hall event for Obama; Boeing's new 787 dreamliner

Too busy to keep up with the tech news? Here are some of the more interesting stories from CNET News for Monday, September 26.

• Obama visited Silicon Valley to try to woo technology leaders to discuss the economy and ways to move the country forward.

• So logging out of Facebook isn't enough? Facebook engineer says Facebook does track logged-out users. Just to put this rumor to rest, Facebook is still free. And, good thing Facebook fixed the unfriending bug so users can no longer see who unfriends them in the new Timeline.

• T-Mobile unveils high-end smartphones, including Samsung Electronics' … Read more

LinkedIn finds common threads for entrepreneurs

What makes an entrepreneur? LinkedIn may have uncovered at least some answers to that question.

Digging through the public profiles of tens of thousands of people who've launched startup companies, the social network spotted at least some elements in common among them.

Unveiling her findings in a blog published yesterday, Monica Rogati, a senior research scientist at LinkedIn, found that attendance at one of 10 U.S. business schools was one common thread, with Stanford, Harvard, and MIT Sloan at the top of the list.

Looking at the fields of study sought by future entrepreneurs, Rogati discovered that computer … Read more

Facebook, Twitter see record number of visits in July

Facebook and Twitter each broke a record last month with the highest number of visitors seen by the sites, according to data released Friday by ComScore.

For the month, Facebook ranked fourth in most visited Web sites in the U.S., behind Google, Yahoo, and Microsoft. The popular social network had 162 million unique visitors, compared with 160 million in June and 157 million in May. And compared with 145 million in July 2010, its latest figures show a rise of more than 11 percent.

Twitter, which was ranked at No. 34, saw 32.8 million people flock to its … Read more

LinkedIn launches HTML5 site, revamps apps

Maybe everyone really is shifting to building mobile sites in HTML5. Adobe Systems recently debuted its Edge tool set in public preview mode for developers interested in creating motion and interactive graphics written natively in the language.

Although this isn't quite the same as Amazon.com, Barnes & Noble, and others being relatively forced into HTML5 by Flash-resistant Apple for selling products on mobile sites, LinkedIn is getting on board with HTML5 with a new "experience" that can be viewed in nearly any mobile Web browser.

The HTML5-optimized version, along with updated iPhone and Android apps, are … Read more

Buzz Out Loud 1530: Google's Got Game (Podcast)

Google gets into the social gaming biz, because it turns out that social gaming addiction is the key to all social media success. Well, and a 5% cut of the profits compared to Facebook's 30%. Nice move, Google. Scotland Yard is using Britain's huge network of spy cams plus facial recognition software to track down looters, DARPA just ditched millions of our dollars somewhere over the Pacific (again), and Computer Love plays it safe.

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Add downloadable files to your LinkedIn profile

If you're seeking employment, LinkedIn is useful for finding job openings, building your professional network, and posting your resume in hopes of discovery. Completing all the elements of your LinkedIn profile will give you an advantage, but there's also an extra (and little-known) feature to enable.

While LinkedIn allows recruiters to download an automated PDF version of your profile, the formatting is often jumbled and lacks the finesse of a carefully formatted resume. There also isn't a streamlined way for recruiters and people in your network to view samples of your work.

To solve this problem, Box.… Read more

Study: iPhone, Android apps store sensitive user info

Mobile apps are still not secure when it comes to storing certain personal information, according to a new study from security firm ViaForensics.

Dissecting a variety of apps for Apple's iOS and Google's Android, ViaForensics found that 76 percent of them store user names in cleartext without encryption, while 10 percent store passwords in the same way, making such data more vulnerable. Running a series of tests from November 2010 through June 2011, the security firm checked out apps from several categories, including financial, social networking, productivity, and retail.

Each individual app received a pass, fail, or warn … Read more