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Posted at 11:30 AM ET, 01/17/2011

The Circuit: Steve Jobs to take medical leave of absence, ads in online banking, Boingo goes public

By Hayley Tsukayama

LEADING THE DAY: Steve Jobs announced that he will take a medical leave of absence, handing over day-to-day operations to Chief Operating Officer Tim Cook. Read Cecilia Kang's post on Jobs's decision and Apple's reaction here.

Banks to allow ads on online checking: The Washington Post reported that banks are working on initiatives that will allow advertisements to appear on online banking sites, offering deals and coupons based on user purchases. This latest movement in behavioral advertising has raised some concern from Internet privacy advocates.

Boingo files for IPO: While speculation over an initial public offering from Groupon or Facebook continues, Internet hotspot company Boingo has filed for an IPO, according to a Friday report from GigaOm. On its registration paperwork, the company has set a goal to raise $75 million through the sale of common stock.

Pentagon won't ban social media: Wired reported last week that the Pentagon was getting rid of its social media office, prompting speculation that the Pentagon was moving away from using new media platforms such as Twitter and Facebook. According to a Friday article from Wired's Danger Room, however, that is not the case. The military is simply reworking its social media policies. Although there are some security issues involved with military tweets and wall posts, Pentagon spokesman Bryan Whitman told Wired, “we have to work on the way to mitigate that, but we’re not going to mitigate them by telling people not to use social media.”

"The Social Network" wins Golden Globe: The movie based on Facebook's founding and the life of Facebook CEO Mark Zuckerberg won the Golden Globe for Best Picture at Sunday night's awards. Key filmmakers such as screenwriter Aaron Sorkin and producer Scott Rudin thanked Zuckerberg in their speeches, even though the Facebook founder has raised his objections to the film.

Meanwhile, ITP Portal reported that Facebook itself is probably approaching its saturation point in the U.S. and gaining users from South and Southeast Asia, South America and Mexico.

By Hayley Tsukayama  | January 17, 2011; 11:30 AM ET
Categories:  Apple, Facebook, Privacy, Social media  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Apple's Steve Jobs takes medical leave, remains CEO
Next: Facebook apps now have access to your contact info

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