This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.
Loaded: Groupon files for IPO
About Video Transcript

Loaded: Groupon files for IPO

2:22 /

Apple's Time Capsule may be the center of streaming for the company's new iCloud service, HTC and Sprint release new Evo phones, and Groupon files for an IPO that values the company between $20 billion and $25 billion.

It's Monday, June 6th, 2011. I'm Wilson Tang on CNET.com and it's time to get Loaded. Groupon, the social daily deals discount site, announced it's filing an IPO for $750 million. You may remember that Groupon turned down a $6 billion offer from Google. While the $750 million IPO values Groupon between $20 to $25 billion, some analysts are cautioning that the 8000-employee site is burning through a hundred million dollars a quarter and still not earning a profit. Apple's much-rumored iCloud service is expected to make its debut today at the company's World Wide Developers Conference. iCloud is expected to stream music from the cloud but new rumors from the Cult of Mac suggest that it might have a lot more to do with the new Time Capsule device than just the cloud. Time Capsule is Apple's home wireless networking and backup device, but new rumors suggest that the Time Capsule itself could stream music and movies while caching software updates for iOS devices. Stay tuned to CNET.com for the latest from WWDC. The bankrupt Nortel Networks is unloading 6000 patents on technology that includes wireless video, Wi-Fi, and even 4G LTE. The Justice Department, however, is worried that the patents could stifle competition especially if Apple gets a hold of them. The DOJ's Anti-Trust Division is reviewing the bids for the patents but is yet to take any action. Advertisers are always trying to find ways for users to engage with advertising, and McDonald's has found a way for users to actually look at billboards. Now people can whip out their iPhones and play digital Pong. If you manage to last more than 30 seconds, you also win a coupon from McDonald's and the best part about the new advertising is that you don't have to download any new software. The controls are available over a simple URL that checks your location via GPS. HTC and Sprint have made some announcements about their upcoming Android phones. On June 24th, the HTC EVO 3D and the 7-inch EVO View 4G will make their debut. Both phones will run 4G, WiMAX, and Android Gingerbread. The EVO 3D will cost $200 while the EVO View 4G will run $400 on, yes, a 2-year contract. Those are your headlines for today. I'm Wilson Tang for CNET.com and you've just been loaded.

New releases

Apple Pay debuts and aims to replace...
1:36 October 20, 2014
Apple launched its new mobile payment service today called Apple Pay. The goal is to let consumers pay with...
Play video
Tomorrow Daily 071: Ashes in space,...
24:07 October 20, 2014
On today's show, we're discussing a new, 17-mile-high way to scatter your loved one's ashes, how Robert Downey,...
Play video
Fast data in the Buick LaCross...
6:24 October 20, 2014
With a big, comfy cabin and a built-in 4G WiFi hotspot, the Buick LaCrosse makes for a modern, mobile off...
Play video
How to get started with Apple...
1:36 October 20, 2014
Find out how to set up your Apple iPhone to be your new digital wallet.
Play video
Google goes big with with Nexus...
3:24 October 20, 2014
Google surprises with the Nexus Player, Android 5.0 Lollipop is coming to more devices, and get your .soy...
Play video
Apple Pay is the most secure way...
1:55 October 20, 2014
For iPhone 6 and 6 Plus owners, Apple Pay is a super-secure alternative to plastic cards. But are retailers...
Play video
As Apple Pay launches, others reimagine...
2:55 October 20, 2014
Apple's payment system rolls out at some retailers and promises more protection from hackers. But Zwipe and...
Play video
The 404 Show 1,568: Oculus XXX,...
32:24 October 20, 2014
On today's show we'll discuss Chicago's planned "smart corners" project, gasp at a Comic Sans typewriter,...
Play video