Webwire: Facebook completes IPO; Apple plans green data center

Facebook has raised a hefty $16 billion (€12.6 billion) from its closely-watched $38 per share IPO, giving the company a valuation of $104 billion.
 
Apple has announced that its 500,000 square foot Carolina data center will be powered entirely by renewable energy by the end of the year, in response to criticism from Greenpeace over its energy consumption.
 
An Irish court has dismissed an application from Hutchison Whampoa to delay an Eircom bankruptcy rescue plan.
 
London's Metropolitan Police has drawn the ire of privacy advocates by developing a system that extracts call logs, contacts and messages from the mobile phones of suspects detained in custody, and retaining the data even if no charges are filed.
 
Hedge funds took advantage of Apple’s soaring valuation in the first quarter, accounting for 6.1 million shares out of a total of 15.2 million sold during the period.
 
Social media site Pinterest has joined the billion dollar (€786 million) club, after netting $100 million in a funding round.

 

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