Facebook have just announced that they will be having their initial public offering and the Wall Street Journal is reporting that the company can be valued between $75billion to $100billion.

This will make the company the biggest tech IPO of all time, topping Google’s 2004 IPO which was valued at $23billion and raising an additional $1.9billion.

Facebook attributed a lot to the abundant of social games that can be found on the social network saying that they “are currently the most successful apps”. Last year, Facebook made $557million in revenue from partners like Zynga from sale of virtual goods.

No details on the IPO have been released such as the number of shares and exact date of the offering.

With Kinect for the desktop being announced, the next step for Microsoft has to be integrating Kinect into portables and that is exactly what tech site The Daily is reporting.

They had a chance to check out two prototypes by Asus running Windows 8. A bunch of sensors and LEDs are placed where the webcam would normally be.

It is to be believed a source at Microsoft have confirmed that they are indeed official prototypes. Microsoft will be showing a public preview of their next OS, Windows 8, next month.

Image courtesy of The Daily.

A Sony rep told Electric Pig earlier today at a London Sony event that the video editor will be coming to Europe in March with a price tag of €10 ($13).

It is really surprising to hear Sony will be charging for this service as their first-party services are free but with a subscription fee instead.

They also have iOS and Android PlayMemories apps that will be launching around the same time but will be free to use.

A video editing tool for the PS3 have been a long time coming considering the processing power it possesses but is it worth it with the asking price?

Price and availability for the U.S. have not been announced yet.

RØDE Microphones announced the new VideoMic HD, designed for use with DLSR and large-sensor video cameras.

VideoMic HD is a precision RF bias shotgun microphone just like NTG-3. With radio frequency bias technology, this microphone is immune to interference sound and condensation. VideoMic HD is integrated with a digital recorder that support microSD card and microUSB port. The casing is built from lightweight aluminium making it light and strong.

For more info, you can visit http://www.rodemic.com/vmhd.

With a huge protest going over it, the Stop Online Piracy Act (SOPA) has finally been put on hold.

Rep. Lamar S. Smith today announced that the House Judiciary Committee, which he leads up, “will postpone consideration of the legislation until there is wider agreement on a solution,” mentioning that he has taken people’s concerns “seriously.”

“It is clear that we need to revisit the approach on how best to address the problem of foreign thieves that steal and sell American inventions and products,” Smith said recently in a statement.

Bill 3261 or H.R. 3261, is a proposed law that was presented in the United States House of Representatives on October 26, last year, by House Judiciary Committee Chair Representative Lamar S. Smith (R-TX) and a bipartisan group of 12 initial co-sponsors.

Introduced to the House Judiciary Committee, it builds on the similar PRO-IP Act of 2008 and the corresponding Senate bill, the PROTECT IP Act (PIPA).

One of the largest file sharing sites online, Megaupload, has been accused to costing copyright holders more than $500 million in lost revenue from pirated film and other contents. Just a day after the ‘dark day’ in protest against SOPA & PIPA took place, the feds already have gotten their grip on Megaupload.

Then, the magic happens. Megaupload is backed by the support of celebrities such as Alicia Keys, Kanye West and Kim Kardashian.

Just now, after I clicked the Trending button on Youtube, I stumbled across a video, titled Anonymous – Don’t Mess With Us. A group of international hackers, Anonymous, has taken down a number of feds’ websites including MIAA and FBI, in their revenge attacks.

Yahoo! Inc. (NASDAQ: YHOO) today has announced that their co-founder, Jerry Yang has resigned from all positions in the company.

It has been learned that Yang is leaving the company he founded in order to “pursue other interests outside” of the internet giant.

This has come after Yahoo officially appointed Scott Thompson as their new chief executive officer where the 43-year-old used to serve at that position before.

In a resignation letter to the Yahoo Board Chairman Roy Bostock, Yang said:

“My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future.”

Yang co-founded the internet firm in 1995 with David Filo and was installed as a member of the Board of Directors since March 1995 and as Chief Executive Officer from June 2007 to January 2009. The company went IPO in 1996.

Despite the shocking news, Yahoo! shares at NASDAQ holds steady at around $15 per share and the company have a market cap in excess of $19 billion.

Want to have a waterproof phone? For USD$60, Liquipel will coat your phone with their invisible coating. It won’t change the look and feel of your phone and only need to be applied, once.

There’s even a demo in CES showing how an iPhone is taking a shower and still working at the same time. Come to think about this, how do they seal the speakers, microphone holes, audio port and USB port?

Currently, Liquipel is only available for the iPhone 3G, iPhone 3GS, iPhone 4, iPhone 4S, HTC Evo 4G, HTC Evo Shift 4G, HTC MyTouch 4G, HTC Thunderbolt, Motorola Droid X, Motorola X2 and Samsung Charge.

Microsoft aims to fuse together TV, film and gaming and this was recently evidenced by the latest dashboard update for the Xbox 360.

Now, a new patent granted to Microsoft by the U.S. Patent & Trademark Office shows a game console that will also serve as a digital recorder.

This is the description for patent # 8,083,593:

“A digital video recorder (DVR) application running alongside a television client component allows users to record media content on the gaming console. The DVR application also integrates itself with the console menu. Once integrated, users can record media content while playing games. Alternatively, users can record content when the gaming console is turned off. The recorded content can include television programming, gaming experience (whether local or online), music, DVDs, and so on. When in the recording state, users can also switch between various other media modes, whether gaming, television, and so on.”

Thanks, Kotaku.

ForgetTheBox.net has reported that someone that works for a software developer has claimed that Nintendo has approached them about porting and publishing some software from iOS to the Wii U so it can be played on the Wii U’s touchscreen controller.

Not much details were revealed to protect their source but it was revealed that Nintendo is looking to expand their Wii U to become a functional e-reader. It was also said that the 3DS will also share this service.

It will be able to download books, magazines, newspapers, comic books as well as strategy guides and instruction booklets.

Nintendo hasn’t come out to officially announce this but with the recent development that Nintendo wants to offer a full blown app store akin to the Apple app store, this is a very plausible idea indeed.