chirpify

Facebook Annual Meeting: Mark Zuckerberg Addresses Concerns About Stock Price (AllFacebook)
Facebook held its first-ever annual meeting Tuesday at the Westin San Francisco Airport in Millbrae, Calif., and Co-Founder and CEO Mark Zuckerberg addressed shareholders’ concerns about the company’s stock price, which has never approached its initial public offering mark of $38 per share since its first day of trading last May 18. Aside from concerns about Facebook’s stock price, the most common subject in the question-and-answer session was user dissatisfaction with the social network’s News Feed algorithm.

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What to Watch: Add Twitter to Market Risk Factors? (USA Today)
A bogus 60-character tweet Tuesday with terror overtones on the Associated Press’ Twitter site caused a nearly 150-point roller-coaster ride in a four-minute span on the Dow Jones industrial average. The violent and instantaneous market reaction sent a message to investors that social media tools aren’t just for talkative teens, but also wield immense power that can move jittery, computer-driven markets on a whim.

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Obama’s Tweet Fest Falls Flat (Boston Herald)
President Barack Obama’s attempt to make last night’s State of the Union address the most interactive in history was a bust. Not only were Obama administration officials forced to go on the offensive against a rumored hack by the notorious group Anonymous, only 190 people had used the hashtag #WHChat over a seven-hour period Tuesday, according to an analysis by the social media metrics firm Hashtracking.

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American Express and Twitter struck a deal yesterday to allow consumers to buy select products without leaving the Twitter stream. But Chirpify has been doing that for a year.

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Sci-Fi author William Gibson once said that while Facebook is like the mall, Twitter is like the street. If that’s the case, an in-stream payment service called Chirpify is setting up a virtual hot dog stand on Twitter as we speak. Make that a moving library. Today, Wired contributing editor David Wolman is conducting a 4-day “experiment in barrier smashing” to see if his new book, The End Of Money, can sell on Twitter.

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Commerce is something of a challenge for social networks to implement, but a third party that has already made it work on Twitter is now looking to expand into other markets. Chirpify today announced that it will extend its in-stream payment system to photo-sharing app Instagram. With a PayPal account and the right hashtags, users can now buy, sell, donate, or make a payment without leaving Instagram.

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