Facebook’s IPO and the new tech bubble

Michael Wolff: There's no doubt the Facebook IPO is symptomatic of a new tech bubble. The only question is when will it burst

Communications green paper delayed while Jeremy Hunt deals with Leveson

Policy thinking on internet piracy, public service broadcasting and spectrum unlikely to be published until the autumn. By Dan Sabbagh

Perform buys data company RunningBall for £95m

Sports rights company buys real-time data firm in deal worth up to £95m. By Mark Sweney

Facebook: a tale of two media models

Michael Wolff: The irony of the Facebook epoch is that old media covets its IPO billions, while new social media envies the old's content

Life is tweet, says John Prescott, as Twitter reaches 10m milestone in UK

Former deputy prime minister says UK tweeters have finally helped to make press barons accountable

Facebook IPO overvalued at $96bn, say investors

Poll finds 79% think social media giant's price tag is too high – but report says next week's flotation is already oversubscribed. By Juliette Garside

Facebook likely to be the fourth richest flotation in stock market history

Despite almost certain IPO success, Facebook has to start making money from mobile phone advertising soon

Pirate Bay blockade begins with Virgin Media

Filesharing website is now blocked to millions of UK customers after high court rules that it flouts copyright laws

Google adds credit card and banking comparison tool

Tool showing providers partnered by Google in 'Sponsored' box is being rolled out in UK searches

Local newspapers’ crisis: City guilty of short-termism, says former chief

Roy Greenslade presents a second extract from the chapter written by Chris Oakley in the book What do we mean by local?

Virgin Media first quarter results beat forecasts

Virgin Media's chief financial officer Eamonn O'Hare put the busy quarter down to a new ad campaign featuring Usain Bolt. By Juliette Garside

Rupert Murdoch launches Twitter broadside against UK government

News Corp chief Rupert Murdoch criticised the decision to lend the IMF £10bn, as well as energy, education and tax policies

Mail Online editor says site will break even this year

Martin Clarke also rejects claims website focuses on stories that will be picked up by Facebook, Google or Drudge. By Mark Sweney

Sony-EMI deal set to get nod from EU

European competition regulator likely to allow Sony-led bid to buy EMI Music's publishing assets. By Mark Sweney

Henwood and Rutherford join PPC board

Executives behind 4oD, Pottermore and Unilever join board of Picture Production Company. By Mark Sweney

From Instagram to Myspace: a guide to hip social startup acquisitions

Charles Arthur: The list of tech giants buying up hot web firms is long, but the clear benefits aren't

Yahoo set to axe hundreds of jobs in Europe

Internet giant to hold meetings with staff to inform them of plans to streamline company, which could lead to the loss of up to 2,000 jobs. By Mark Sweney and Josh Halliday

U2′s Bono and the Edge invest in Dropbox

Stars follow $270m Facebook stake with backing for internet storage service. By Lisa O'Carroll

Rupert Murdoch-linked pirate website targeted rivals, online file shows

Internet forums gave advice on how to hack into ITVDigital and cable television companies

BBC accused of ‘manipulating’ emails in pay TV hacking row

Ex-News Corp subsidiary alleges 'piracy' slur as Panorama stands by broadcast investigation

Mobile and the news media’s imploding business model

Michael Wolff: Smartphones will soon be the primary news source for most Americans. That's if anyone can still make money by reporting

Smart cards vital to pay-TV companies such as ONdigital

Encryption codes enable a pay-TV firm to charge for its programmes, without them its revenue would soon evaporate

Questions for News Corp over rival’s collapse

Software company NDS allegedly cracked smart card codes of ONdigital, according to evidence to be broadcast on Panorama

Video game tax breaks: what does it mean and what happens now?

Keith Stuart:After years of lobbying, the UK games industry has secured a promise of tax breaks from the government. We investigate what this means and how it could change British games development forever

New funding models for journalism provoke either delight or dismay

Roy Greenslade notes the excitement of one crowdfunding project and, elsewhere, a dispute over a nonprofit site's effect on for-profit news outlets

Angry Birds Space released for iOS, Android, PC and Mac

Stuart Dredge: Rovio pushes the button on the game it hopes will send its feathery franchise past 1bn downloads

Draw Something developer OMGPOP bought by Zynga for rumoured $210m

Stuart Dredge: Social games giant bids high and early to prevent viral hit falling into rivals' hands

News Corp and Permira sell NDS to Cisco for $5bn

Rupert Murdoch group expected to make $1bn and private equity firm $2bn by offloading pay-TV encryption company. By Lisa O'Carroll and Dan Sabbagh