10 Things You Need To Know This Morning

mark zuckerberg

Photo: By Justin Sullivan/Getty Images

Good morning! Here’s the news:

  • The big investment banks are putting out their initial ratings on Facebook today. J.P. Morgan kicked things off by rating Facebook as “overweight” and giving it a price target of $43 by the end of 2013.
  • Google’s big i/o developers conference kicks off today. We expect to hear the company announce a new Google-branded tablet, the next version of Android and maybe even a new home entertainment product.
  • Best Buy’s founder is considering taking the company private, according to The Wall Street Journal.
  • Apple scored a big victory in court on Tuesday as a U.S. District Judge granted the company a preliminary injunction against Samsung, which bans it from selling the Galaxy Tab 10.1 in the United States.
  • Daring Fireball’s John Gruber says, “Something big is going on with Apple TV in Cupertino, but it’s still being cooked.”
  • Apple would have to hire 7,000 people to do what that Google does in maps.
  • Here’s everything that Zynga announced at its big launch event in San Francisco yesterday.
  • Thousands of IBM employees got a nasty surprise this week, as they were told not to expect raises in 2012.
  • Yahoo and Spotify are joining forces so you can listen to music while browsing Yahoo.
  • In case you missed it: These are the 11 most valuable startups in New York.

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