What you need to know - 05/04/11

Boingo raises $78 million IPO; Assange calls out Facebook for being an "appalling spying machine"

Amazon launched its new fashion hub, MyHabit.com, a site that can’t really be described as a “flash sale” site as the sales last for about a week, but has all the fixin’s of flash sale sites like Gilt Groupe and ideeli.com.

Boingo Wireless raised $77.9 million in its U.S. initial public offering, selling 5.8 million shares at $13.50 each.

Equidity launched a social network that connects late-stage pre-IPO companies with investors.

WikiLeaks founder Julian Assange called Facebook “the most appalling spying machine ever invented.”

Electronic Arts announced that it has agreed to acquire Melbourne-based mobile design studio Firemint, which is known for its mobile games for iPhone and iPad, so it will be joining EAi, EA’s mobile gaming platform

Gigwalk launched a mobile platform that enables businesses to pay users for completing tasks in the real world.

Renren, a Chinese social networking site with the look and feel of Facebook, is set to price its initial public offering (IPO) on Tuesday for trading on the New York Stock Exchange (NYSE) Wednesday.

The music industry's sales still aren't looking very hot, despite advances in technology offerings. If you combine digital and physical, total shipments and value dropped 6.8 and 10.9 percent, respectively.

TaskRabbit, a networking platform that helps busy people get things done, secured $5 million in Series A financing led by Shasta Ventures.