The Daily Caller

The Daily Caller
              FILE - This Feb. 1, 2012 photo shows the Facebook logo on a computer screen in Berlin. A published report says Facebook is seeking a valuation of $85 billion to $95 billion when it goes public in a few weeks. The Wall Street Journal, citing unnamed people familiar with the matter, said Thursday May 3, 2012 that the company plans to set the per-share price of its stock in the high $20s to mid $30s. This is a narrower range than the previously expected $75 billion to $100 billion. Facebook  FILE - This Feb. 1, 2012 photo shows the Facebook logo on a computer screen in Berlin. A published report says Facebook is seeking a valuation of $85 billion to $95 billion when it goes public in a few weeks. The Wall Street Journal, citing unnamed people familiar with the matter, said Thursday May 3, 2012 that the company plans to set the per-share price of its stock in the high $20s to mid $30s. This is a narrower range than the previously expected $75 billion to $100 billion. Facebook's initial public offering will be by far the largest Internet IPO ever, dwarfing even Google Inc.'s in 2004. (AP Photo/dapd, Timur Emek)   

FBI wants to tap social networks

The FBI is asking Internet companies not to oppose a controversial proposal that would require firms, including Microsoft, Facebook, Yahoo, and Google, to build in backdoors for government surveillance.

In meetings with industry representatives, the White House, and U.S. senators, senior FBI officials argue the dramatic shift in communication from the telephone system to the Internet has made it far more difficult for agents to wiretap Americans suspected of illegal activities, CNET has learned.

The FBI general counsel’s office has drafted a proposed law that the bureau claims is the best solution: requiring that social-networking Web sites and providers of VoIP, instant messaging, and Web e-mail alter their code to ensure their products are wiretap-friendly.

Full Story: FBI: We need wiretap-ready Web sites – now