Internet greets Facebook's IPO price with glee, skepticism

(CNN) -- Friends may be priceless. But 'friending' is worth $38 a share. That's what Facebook set as the initial price when its stock begins trading on Wall Street Friday morning. That's at the top end of the range analysts were expecting and gives the company a valuation of roughly $104 billion. That stock price will be the biggest opening ever for a tech company and the third-largest IPO in history -- behind only Visa and Italian utility company ENEL. Why Facebook won't start trading at the opening bell On the Web, reactions ran the gamut from deliriously hopeful to harshly negative for the social-media giant's Wall Street potential. "A $104 billion market capitalization puts Facebook at more than 100 times its trailing earnings," wrote John Constine and Kim-Mai Cutler for technology...

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Google revamps search, tries to think more like a person

(CNN) -- So, let's say you're doing a Google search for "Kings." Did you mean the L.A. hockey team or the Sacramento basketball team? Maybe the TV show? Or maybe you actually wanted to know something about monarchs. Google on Wednesday announced Knowledge Graph, a significant change to how search results are delivered that the company believes will make their search engine think more like a human. "The web pages we [currently] return for the search 'kings,' they're all good," Jack Menzel, director of product management at Google, told CNN in an interview. "You, as a human, associate those words with their real-world meaning but, for a computer,...

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Report: New MacBook Pro to feature retina display

(CNN) -- The new 15-inch MacBook Pro will be a significant departure from the current design, with a retina display and an ultra-thin profile, 9to5Mac claims, citing sources from Apple's supply chain. It will be so thin, in fact, that it won't have room for an optical drive, just like its lightweight cousin MacBook Air. Other design changes include a power button on the keyboard itself (replacing the eject button) and, possibly, the lack of an Ethernet port (replaced by an extra Thunderbolt port). Rumors of new Apple iPads, iPhones The true cost of an iPhone The MacBook Pro's new retina display -- the same technology...

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