Facebook says it has priced its initial public offering of stock at $38 per share. That’s the high end of the expected range of $34 to $38. It means investor demand is strong for the world’s largest online social network.

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Facebook prices IPO at $38 per share

(Reuters) – Facebook co-founder Eduardo Saverin said in a statement on Thursday that he is obligated to and will pay “hundreds of millions of dollars in taxes to the United States government.” Saverin said his decision to renounce his U.S. citizenship and relocate to Singapore was “based solely on my interest in working and living in Singapore, where I have been since 2009.” With social media company Facebook poised for a multibillion-dollar initial public offering on Friday, Saverin has been criticized by lawmakers for what they say is dodging U.S. …

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Facebook’s Saverin says to pay millions in U.S. tax

Today a science story was born and killed in just hours: this morning science lifted our spirits with this finding that coffee made us live a little longer, Wonkblog’s Sarah Kliff gets all smarty pants on us by debunking the finding with this contrarian headline: “No, drinking coffee probably won’t make you live longer. …

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The Science News Cycle of Life: Rise, Fall, and Renewal

Ever since the movie Back to the Future came out, we’ve wanted a DeLorean for our very own. The problem: The sports car was an undesirable, notorious flop — only 9,000 were ever made before the DeLorean Motor Company’s bankruptcy in 1982. … Continue reading →

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Up-and-coming social networking site Pinterest has raised $100 million in a new round of financing, a deal that values the community digital scrapbook at $1.5 billion. Investing companies include existing shareholders Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital, and new investor … Continue reading →

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New financing deal values Pinterest at $1.5 billion