The big news of last week was the announcement of Facebook’s initial public offering (IPO) and the 1,000-plus soon to be minted millionaires that will result. Perhaps the most unlikely of these is David Choe, the guy that took options in lieu of payment for a bawdy wall mural he painted in Facebook’s previous headquarters some years back.
In 2005, Facebook commissioned an artist to paint murals at its headquarters and cheekily offered to pay him in company stock rather than cash. They somehow persuaded him to take the stock: that decision means he’ll soon be worth around $200 million.
When you ask the public for at least five billion dollars, you have to start answering a few questions. And in the case of Facebook’s long-awaited filing for an Initial Public Offering, some of those answers were truly revealing.
AIDS is a horrible disease and the tiniest victims, babies born with the disease are in desperate need of help. Enter social media leaders who plan to partner with bankers and consultants to reach a goal of 0 births of babies with AIDS by 2015.
There’s no question Google’s going all-in with its new social networking service. There are search, promotional and advertising tie ins that are designed to pull us in and keep within searchzilla’s warm embrace, but can Google succeed where so many others have failed?
People getting fired over what they put on Facebook is nothing new. Since its inception there have been people who haven’t quite figured out that you have to use discretion when posting. Apparently a large group of officers in the UK police need a little refresher course on common sense.
It’s official, Facebook now owns the Internet. It did so in 2010, and all the way through 2011. And the chances are it will into 2012 and beyond as well.
If you’re a rude, miserable, overtly political marketer that I don’t know well, you’re off my Facebook friends list. And it appears I’m not alone.
You can now get Facebook Timeline, a feature which has been promised but undelivered to all but those willing to jump through hoops until today. You can get it right now, whoever you are. If you dare.
For most people, having private pictures of yourself with a chicken being published for all to see on the web is a personal embarrassment. For Mark Zuckerberg it’s more of a commercial red face.
Google+ is still alive, barely. But will it ever give Facebook a run for its money. Why don’t we ask Mark Zuckerberg what he thinks.
It’s often joked that Facebook is trying to replace the world wide web itself. That joke’s just got a little closer to the bone with the launch of legal action over the rights to operate a particular Facebook page.
Facebook claims that its helped reduce the famed “six degrees of separation” between any two people to an average of just 4.74. That sounds great as long as you ignore the 89 percent or so of the world that isn’t on Facebook.
Ahmed Rushdie has prevailed in a lengthy dispute with Facebook over his profile page. He’ll now be allowed to use his better-known middle name, Salman.
It appears Facebook is close to agreeing a major settlement with the Federal Trade Commission that would overturn the most annoying part of its privacy policy: the way that it makes changes and then waits for users to put settings back to normal.
There are several reports today that a survey of teen internet users suggests overall, everything’s just dandy. The problem is this is based on a single vague and uninformative question, and the rest of the results show cyberbullying is at least as bad as you’d expect.
It’s hardly a surprise to learn some Facebook users are children who’ve lied about their age. But new research proves parents unfairly try to blame the big evil corporation for their own lack of control.
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