TECH UPDATE: Google Founders Offer Millions to Restore Hanger

Courtesy of SV411.com, a quick rundown of the latest technology news in Silicon Valley.

A popular Silicon Valley landmark, Hanger One at Moffett Field, may be getting the cost of its restoration covered by Google founders Larry Page, Sergey Brin and Eric Schmidt. The three have put up a cool $33 million, in an apparent effort to use the large hangers to store their private corporate jets.

More than a dozen Silicon Valley tech leaders have sent an open letter to Washington in opposition to the Stop Online Piracy Act, which would give the government the option to block websites. The list includes Sergey Brin of Google, Jerry Yang of Yahoo and Marc Andreesson of Netscape.

SF-based gaming company Zynga has released their IPO,  currently trading at $11.50 a share, making it the biggest tech IPO since Google in 2004. Thus far trading has raised at least a billion for the company.

In what is the biggest change thus far in how users display information, Facebook’s timeline is now available worldwide. The feature which shows user activity since joining the social networking site allows for a 7 day trial period before you make it default. You know, in case you have ever put anything embarrassing on Facebook — like we ever do that.

Adobe has beat expectations quarterly performance expectations, its revenue this quarter is up 14% to a whopping $1.152B. Proving all is doing well at Adobe, despite difficulties with Flash and mobile devices.

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