
“KONY 2012 is working” and Part 2 Is On The Way


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Zuckerberg Weds Longtime Girlfriend, No Word on Prenup (Reuters)
Details of Facebook chief Mark Zuckerberg’s surprise wedding trickled out on Sunday, but mysteries remained, not least whether there was a prenuptial agreement in place that could affect Zuckerberg’s large stake in the company. Zuckerberg wed his longtime girlfriend, Priscilla Chan, on Saturday in the backyard of their modest home in Palo Alto, Calif., with fewer than 100 people in attendance, a Facebook spokesman authorized to speak on behalf of the couple said. CNET However, a woman in India is reportedly divorcing her husband because he committed the cardinal 21st century crime: he didn’t change his Facebook status when they got married. How can a woman trust a man who doesn’t whip out his cell phone the minute the marriage ceremony is over and declare himself to the world? VentureBeat NASDAQ chief executive Robert Greifeld admitted Sunday that the exchange was at fault for some glitches in early trading of Facebook’s IPO but said it had nothing to do with the stock’s uninspired performance. Facebook expected trading to begin at 11 a.m. on Friday, but it did not begin until about 11:30. GigaOM Catching the last five minutes of the Boston University commencement speech by Google executive chairman Eric Schmidt on WBUR, I was struck by the veiled swipes (pokes?) he took at Facebook. You know, the company that last week launched the most anticipated IPO in years, and that despite NASDAQ glitches and a disappointing finish, wiped Google out of the record books? Yes, that Facebook. CNET A mother wanted to share a picture of her son on Facebook. He lived only eight hours. Facebook removed the image, deeming it “too graphic.” Much later, the company offered an apology and admitted it erred. Read more
Join us on July 31 for our Social Curation Summit in New York, where you'll learn new strategies to connect and engage with your audience using visual communities such as Pinterest, BO.LT, and Tumblr. Speakers include Scott Belsky (Behance), Shane Rahmani (Thrillist), and Elias Roman (Songza Media). Register by June 7 and save. Click here to receive the Morning Social Media Newsfeed via email.
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
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Facebook to Set Final IPO Price Later Today (CNN Money)
Facebook’s long road to an initial public offering is coming to an end. Late Thursday, it will fill in one last piece of the puzzle: Its final IPO price. Mashable On Wednesday, Facebook announced that an extra 84 million shares will be added to its stock pool for sale. The extra shares will come entirely from insiders and early investors, according to the AP. Reuters But investors who want Facebook shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity’s brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies. CNET Facebook co-founder Eduardo Saverin, who is simultaneously becoming one of the richer and more reviled people around, wants to set the record straight. Saverin, who is now a citizen of Singapore after renouncing his U.S. citizenship, said his decision has nothing to do with taxes. Forbes All eyes are on Facebook this week in the lead-up to the social network’s initial public offering, but Google did all it could to steal back a little bit of glory on Wednesday. One of the biggest pieces of news was the search company’s addition of “Knowledge Graph” to its core product, a way to find answers without ever clicking a link and leaving the search results page. Read more

This morning the NY Post reported that YouTube is considering launching a premium, subscription service, but will viewers pay?
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Bing Reinvents Social Search and Discovery (Mashable)
Bing has been reinvented, offering enhanced search results that tap into the power of social media. Microsoft has done this by pulling people out of search results and putting them in their place: A right-hand social column that will eventually include Facebook, Twitter, Google+ Quora and LinkedIn integration, as well as people who may know something about your most recent Bing query. AllFacebook The new Bing will gradually be rolled out to users, and those interested in getting it earlier can sign up. The search engine makes its suggestions based on information in friends’ Facebook profiles, their likes and photos they have shared. The New York Times Strengthening the ties between Bing and Facebook is a sign of how Microsoft and Facebook are working together to provide a counterbalance to their common adversary, Google. While Google is by far the dominant player in the Internet search business, it also competes with Microsoft in productivity applications and with Facebook through its Google+ social network. The Wall Street Journal Microsoft’s share of U.S. Web search was 15.3 percent in March, according to comScore, while Google had a 66.4 percent share. Combined with Yahoo!, for which Bing also powers search, Microsoft had a combined 29 percent market share. Forbes In 2007, Microsoft spent $240 million for a 1.6 percent stake in Facebook, which goes public next week. And the two nabbed headlines in October 2010 by announcing their plan to team up on social search. Read more

We’ve confirmed 10 additional speakers for our Smartphone & Tablet Games Summit. In addition to the current roster of gaming and mobile leaders, the following new speakers will be joining the June 26th event in San Francisco.
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Facebook IPO Pitch: Can it Win Big Investors? (Mashable) Looking ahead toward its much-anticipated IPO later this month, Facebook has produced a 30-minute video pitch to show big-time investors why sinking money into a publicly traded Facebook will be a good idea. It’s an interesting take on the normal business investment pitch video — instead of a heavy emphasis on dry finance numbers, Facebook plays to the heartstrings. Reuters In the presentation, chief operating officer Sheryl Sandberg said mobile is a key area of growth for Facebook, and that the company would use sponsored stories to generate more advertising income. Advertisers pay Facebook to highlight certain stories. These sponsored posts recently started running on the News Feeds of Facebook mobile users. Financial Times Pricing for Facebook’s premium “social” advertisements continues to rise, two recent studies have found — a positive indicator that could offset concerns about a dip in advertising growth and help sentiment towards the internet company’s initial public offering. A report to be released today by Marin Software, a digital marketing platform that processes more than $100 million worth of spending on Facebook, found a 26 percent increase over the last year in the cost per click for “premium” ad formats. AllFacebook Facebook’s initial public offering slated for May 18 hasn’t slowed its acquisition frenzy, as the social network gobbled up location-based mobile application Glancee for an undisclosed amount. Glancee, an app for Apple iOS and Android devices, allowed users to sign in with Facebook and discover other users within a specified distance with similar interests. Fortune The economy is improving. Berkshire Hathaway’s stock is undervalued. And Facebook is a crapshoot. That was the general feeling at a gathering of investors on the eve of Berkshire Hathaway’s annual meeting. Read more

May the 4th be with you! Today is Star Wars day and to celebrate we’re bringing you a list of ten of the most viral Star Wars themed ads of all time.
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LinkedIn Spends $119 Million on SlideShare — the YouTube of Slide Shows (Mashable) Professional social network LinkedIn on Thursday snagged presentation-sharing platform SlideShare for $118.75 million. SlideShare now attracts 29 million monthly visitors, while LinkedIn sees 107 million unique monthly visitors. GigaOM The acquisition, which involves 45 percent cash and 55 percent stock, gives LinkedIn another way to connect its users, who are often communicating and promoting themselves through PowerPoint presentations, slide shows and other content. TechCrunch The move makes a lot of sense from a product point of view. SlideShare recently deepened its integration with LinkedIn, and the two companies have compared their relationship to chocolate and peanut butter for professionals. The San Francisco Chronicle The Mountain View-Calif. based company, whose shares have more than doubled since its initial public offering last May, said membership increased to 161 million from 150 million in the fourth quarter. The company is signing up more professionals for its subscription services and attracting advertisers who want to reach the growing user base. CNBC LinkedIn reported quarterly earnings and revenue that beat Wall Street’s expectations. The company posted first-quarter earnings excluding items of 15 cents per share on revenue of $189 million. Net income rose to $5 million, from $2.1 million in the same quarter a year ago. Read more
This week, Vimeo is hiring a director of support and community, while the World Bank needs a social media specialist. Babble is seeking a blog and social media coordinator, and Grand Communications is on the hunt for a social media and administrative assistant. Get all the details below, and find more social media gigs on mediabistro.com.
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