NEW YORK ( TheStreet) -- Verizon ( VZ - Get Report) cut the price of its Samsung Galaxy Tab by $100 to $499. Verizon has also included $60 in movie rentals with the device. Shares of Verizon rose 0.73% in pre-market trading Monday to $36.04.
Google ( GOOG - Get Report) is reportedly exploring a digital newsstand for its Android-based devices. The search giant is said to be in talks with major newspaper and magazine publishers, including Conde Nast and Time Inc.. Shares of Google rose 0.22% in pre-market trading to $595.30. A glitch may have prevented Apple's ( AAPL - Get Report) iPhone alarm from working over the weekend, said the company. Apple said the mistake will be fixed by Monday. Shares of Apple rose 0.79% in pre-market trading to $325.10. Expedia ( EXPE - Get Report) has stopped selling airline tickets from American Airlines ( AMR), after the two companies failed to reach an agreement on pricing strategies. Orbitz ( OWW) has also recently stopped working with the airline. Shares of Expedia fell 0.24% in pre-market trading to $25.03. Facebook is now worth $50 billion after a recent funding round, according to a report from the New York Times. The social network raised $500 million from Goldman Sachs ( GS) and a Russian investor. According to Dow Jones Venture Source, 514 venture-backed companies achieved liquidity in 2010, a 25% increase in exits from 2009. For the first time since 2007, the number of venture-backed initial public offerings reached double digits. 46 venture-backed companies went public, raising $3.4 billion. --Written by Olivia Oran in New York. >To follow the writer on Twitter, go to http://twitter.com/Ozoran. >To submit a news tip, send an email to: email@example.com.