
Tumblr and Reddit Founders Discuss Facebook IPO [Video]


Create a social media strategy and learn from the biggest names in social media in our online Social Media Marketing Boot Camp starting June 7. Speakers include Jen Brown (TODAY.com), Alex Leo (Thomson Reuters Digital), Jim Tobin (Ignite Social Media), and many more. Read the reviews.
This week, Financial Times is hiring a senior web designer, and High 5 Games is looking for a social media analyst. McGraw-Hill needs a social media manager, and M+R Strategic Services is seeking a social media strategist. Get all the details on these jobs and more below, and find additional just-posted gigs on mediabistro.com.

It was a big week for social media. On today’s Morning Media Menu (MP3 link), GalleyCat editor Jason Boog shared his thoughts on Facebook’s long-awaited IPO, speculating on how today’s results will affect the larger social media ecosystem.

Well, Facebook has gone public, and it’s underwhelming most observers by hovering around $40, around 5% above its IPO price of $38. That’s all well and good for Zuckerberg, who now can say the company is definitely a $100B market cap business for now. But for shareholders, is it a good time to get in? Or should people go for another, more clever way to get into social networking: LinkedIn?

Facebook hit the stock market this morning at $42.05 a share, sparking debate all across the Internet on how the rest of the day will go. On StockTwits, a social network for the investing community, more than half of today’s conversations are devoted to that very subject. Some of these people might even know what they’re talking about.

LinkedIn currently connects 161 million professionals around the world. Are you one of them? This latest installment in the Complete Idiot’s Guide series by Susan Gunelius offers a comprehensive tutorial for companies, recruiters, and job seekers who want to use LinkedIn for both professional networking and B2B marketing. Practical, concise, and easy to implement, LinkedIn users of all levels will want to have this book handy while they’re setting up their pages or trying out new features.

In case you’re completely out of the loop on tech news, Facebook is going public today, and the founders of Tumblr and Reddit, David Karp and Alexis Ohanian respectively, had a few things to say to Shira Lazar about its implications. They also discussed their relationship to traditional media such as film and the news industry. It’s surprising to see their open answers and honest desires to be connected to other services and artists, and they talk about a lot of great examples of how their services are enabling new experiences.

Happy Friday, ladies and gents! The workweek is coming to a close and we’ve put together a list of laugh-inducing videos to help you start the weekend with a smile on your face. This week’s Friday Morning Laughs includes a Lamborghini crash, a funny kid, a hilarious bachelor party prank, gingers and more. So sit back, relax and get ready to laugh.

Characters will meet character limits at this year’s O Music Awards, MTV’s Webby Award-winning show that celebrates all things “offbeat, outrageous, and online.” Because there’s no soap box quite like social media, the television network has announced a brand new category, “Most Intense Social Spat,” to reward the awful things celebrities write to their fans, their moms, and each other.
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Facebook’s IPO One of World’s Largest (AP)
Facebook priced its IPO at $38 per share on Thursday, at the top of expectations. Now, regular investors will have a chance to buy stock in Facebook for the first time. The stock will begin trading on the Nasdaq sometime this morning. The ticker symbol will be FB. The Verge To commemorate the momentous day, co-founder and CEO Mark Zuckerberg has been invited by NASDAQ to ring the stock exchange’s opening bell. He won’t be at the New York stock market in person, but the ceremony will be carried out remotely from Facebook’s Menlo Park, Calif., headquarters Reuters The scramble for shares in what is one of largest initial public offerings in U.S. history quickly divided the haves from the have-nots on Thursday. Those with big brokerage accounts and a long history as customers of Wall Street firms likely got at least part of their orders for Facebook shares filled, but would-be buyers who had no such ties were lucky to get any. Bloomberg Businessweek The average first-day “pop” for a technology company is 32 percent; if Facebook follows that trend, it’ll be worth $137 billion by day’s end. But there’s little about Facebook that’s average, including its public offering. TechCrunch Facebook kicked off its 31st Hackathon Thursday evening to celebrate the IPO. Hackathons are a company tradition. They’re a place where engineers and other non-technical employees get to stay out all night building concepts into real products that sometimes eventually get shipped. The Huffington Post The big money has already been staked out. Facebook’s founders and early investors own huge amounts of stock. When the company goes public, some will hold on to their stock; others will walk away with cash after selling shares at the IPO. The Daily Beast The $104 billion Facebook IPO testifies to the still considerable innovative power of Silicon Valley, but the hoopla over the new wave of billionaires won’t change the basic reality of the state’s secular economic decline. AllFacebook We now know that Facebook’s initial public offering will open at $38 per share. But what price will it reach at the end of the trading day? Let us know your prediction by taking our poll. The Washington Post On Thursday, Sen. Carl Levin, D-Mich., used the anticipation surrounding Facebook’s big day to talk again about why Congress needs to close loopholes in corporate tax law. Levin objected to Facebook’s decision to issue its employees options to buy company stock in the future at its original issuing price. Read more

When Google added a social layer to its search bar, it seemed that the company might have gone too far in using social media to enhance its other products. But the search engine’s newest feature, the Knowledge Graph, will use the connections between particular people, places, and things – not friend recommendations – to deliver better search results. The enhancements are already rolling out to English-speaking users in the U.S. for Web, and are optimized for most iOS and Android devices.