Facebook's price too high for a 'fad'?
Facebook's price too high for a 'fad'?
2:45

Facebook's price too high for a 'fad'?

Culture
It's time to code your mail, read in the dark and catch Pokemon in your living room. I'm Bridget Carey and this is your CNET update. Everyone's watching Facebook as it prepares to go public on the Nasdaq this week, values for it's initial public offering are in this 34 to 38 dollar range which at the high end, we make Facebook worth more than a hundred billion dollars but we'll find out Thursday with the actual stock price will be. After that, it's all up to the market but it's worth knowing that half of American surveyed by the AP and the CMBC said the asking price of the stock is too high and that Facebook is just a passing fad. Twitter has begun sending out a weekly e-mail digest of the top tweet and stories relevant to who we follow which pretty much is only helpful if you don't use Twitter and everyone is automatically enrolled in the mailings so you have to manually opt out. Sorry. Amazon is planning to release an EE Kindle with a front light screen in July according to Reuters. That would mean you don't need a cover with a light to read in the dark. Barnes & Noble already came with it's glow like (nook?) at the end of April and here's something that will make you laugh. Next season, CBS will air a sitcom about two friends from a small town who moved to LA to work a groupon. Vanity Fair broke the news of the show which would be called Friend Me. Yeah, I know you don't friend on groupon but I guess they wanted to use that social tech company, Jargon. It will star the nerdy, Mick Loven from Super Bad and playing the cool friend as the guy who's been in several Disney movies. No word of groupon will be involving (creed? 0 in a show. Expect to see more key work codes in your mail this summer. They United States Postal Service is giving a 2% discount on postage when a key work code is on a card letter or envelope. The post office is hoping this will encourage businesses to send more mail and to show how snail mail can engage customers. Last week, we reported that the chief of the Fox Con Factory said the facility is preparing to manufacture Apple televisions. Well, apparently, he said no such thing and Fox Con says the reporter in China just made it up. That's Apple rumors for you. You can now catch Pokemon in real life. Well, sort of. Pokemon dream radar is an augmented reality game coming to the North American 3D as E-shop this fall. Using the 3DS camera to scan your surroundings, Pokemon will face into view. Catch him and then use those characters in other Pokemon games. Who needs imagination anymore when you got augmented reality. That's your techny's update for today. For more on the stories in today's show, visit CNET.com/update. From our studios in New York, I'm Bridget Carey.

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