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Today in Tech: Facebook Kind of Pops, Sort Of


Taiwanese animation explains Facebook. Apple, Samsung, and Amazon are also in the news.

MINYANVILLE ORIGINAL Korean media is saying that Samsung (SSNLF.PK) has received nine million pre-orders from 290 wireless carriers in over 145 countries for the new Galaxy S III smartphone. Since the phone was introduced earlier this month, the chaebol's (conglomerate's) share price has deteriorated. Apple (AAPL), whose newest iPhone might take the wind out of the Galaxy's sales (pun obviously intended), is paring its orders to Samsung. Samsung makes about 25% of the components in the iPhone. Especially given the patent war that Apple is fighting, it is likely that it might be less willing to give Samsung business.

Amazon (AMZN) is selling ads on the Kindle Fire's welcome screen. For $600,000, you can get some pretty valuable real estate on Fire owners' home screens.

The Financial Industry Regulatory Authority is investigating a suspicious spike in Groupon (GRPN) trades immediately before the daily deals company reported favorable earnings on Monday. Groupon shares are down 5.48% today.

Facebook (FB) was sued by users in a class-action lawsuit for $15 billion. Users are claiming that the company invaded their privacy by tracking their web browsing even after they log out of Facebook. The lawsuit cites the US Wiretap Act, which provides up to $100 per violation per day per user, or up to $10,000 per user. And of course, Facebook had its IPO today, as seen on Mark Zuckerberg's wall. There was a delay of approximately thirty minutes, and it started trading at $42. At 1 p.m., it was $41.17. So much for a pop.

In case you need any further explanation, those genius Taiwanese animators at NMA are here to help you.

Twitter: @vincent_trivett
No positions in stocks mentioned.
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