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Social Media Newsfeed: Facebook Fallout | New Digg | Tumblr ‘Holmies’

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Facebook Losses Slice UBS Profits (The Wall Street Journal)
The fallout over Facebook’s initial public offering escalated Tuesday as UBS AG went on the attack against Nasdaq OMX Group, blaming the stock-exchange operator for trading flubs that erased a sizable chunk of its second-quarter profit. The Swiss banking giant, in its earnings release on Tuesday, accused Nasdaq of “gross mishandling” and said it would begin legal proceedings to recoup all of its losses related to the problems, totaling $356 million. Reuters UBS did not fully explain why its losses were 10 times worse than other market makers, raising questions about how much liability Nasdaq could actually face. Meanwhile, Facebook shares fell to a new all-time low Tuesday, touching $21.61 in afternoon trading. Los Angeles Times The bank’s losses, and its determination to take legal action, could complicate Nasdaq’s plans to compensate brokerages that lost money in the much-hyped offering. Nasdaq last week filed a plan with the Securities and Exchange Commission to offer $62 million to repay investment firms that lost money in the process. TechCrunch One hundred two million people accessed Facebook solely from mobile in June, a massive 23 percent increase over the 83 million mobile-only users in March. And almost 19 percent of its 543 million monthly mobile users don’t even visit its desktop site. CBS News A photo of Mitt Romney on Facebook is at the center of a recent domestic abuse case in Tennessee. Lowell Turpin, 40, accused his live-in girlfriend of having an affair with a man he did not recognize in a photo on her Facebook page. Read more

Social Media Newsfeed: Colorado Tragedy | Facebook Payout | Sparrow Purchase

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How Social Media Performed During Colorado Tragedy (PCWorld)
For anyone seeking immediacy as the tragedy in Aurora, Colo., unfolded Friday, online social media outlets provided an unparalleled view of the events that left 12 people dead and some 70 others injured. They also provided some low points on the humanity scale. Storify Julie Moos of The Poynter Institute created a Storify page including tweets showing how information about the shooting evolved on social media. The Huffington Post An 18-year-old Reddit user shared up-to-the-moment coverage of the shooting through Friday night and into Saturday morning. Going by his Reddit user name, Integ3r, the teen created a series of four posts with by-the-minute developments on the story, many of which hadn’t yet been reported by major news stations and websites. He was the first to post about the shooting on Reddit. BetaBeat The Future Journalism Project on Tumblr defined it correctly as crowdsourcing the reportage and noted some of the most organized efforts by Redditors: sequential, linked threads in the /r/news subreddit. Each post was a crisp feed of new developments almost as they happened. AllTwitter You may have heard about Jessica Redfield, an intern for a local radio station who has become the face of this tragedy. Her friends and family would like to see #RIPJessica trending in memory of her. Let’s help make that happen. Athletes and celebrities from across Colorado and the country shared their thoughts via social media following the theater shootings in Aurora. Here is what they had to say. Mashable Shooting suspect James Holmes had minimal online presence at first glance — no Facebook or Twitter accounts were located. However, in the days following the shootings, more information about his personal life has begun to materialize on the Internet. Read more

Facebook CTO Leaving | Tumblr to Release iOS App | Social Media and Athletes

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Chief Technology Officer Bret Taylor Leaving Facebook (AllFacebook)
Facebook Chief Technology Officer Bret Taylor announced that he will leave the social network later this summer to start a company with Kevin Gibbs, founder and tech lead of the Google App Engine and creator of Google Suggest. Taylor joined Facebook in 2009 as director of platform products, and he was promoted to CTO in June 2010. PC Magazine The Stanford-educated Taylor previously worked as CEO of FriendFeed. He also served as an entrepreneur-in-residence at Benchmark Capital, and as a group product manager with Google, according to his LinkedIn profile. AllThingsD The move is likely to be of concern to some over the newly public company’s ability to hold onto entrepreneurial talent, especially in the wake of continued intense media and investor scrutiny over its rocky IPO last month. That’s especially true since Taylor has been in charge of both platform and mobile efforts at Facebook, a critical arena for it. The Wall Street Journal “I’ve really enjoyed working with Bret and getting to know him as a friend and teammate. I’m grateful for all he has done for Facebook and I’m proud of what he and his teams have built. I’m also proud that we have a culture where great entrepreneurs like Bret join us and have such a big impact,” Facebook co-founder and CEO Mark Zuckerberg said in a statement. A pair of Facebook executives under Taylor — Mike Vernal and Cory Ondrejka — will be taking over platform and mobile duties, respectively. TechCrunch Taylor’s is one of the first in a wave of Facebook departures TechCrunch is hearing, as a slew of older employees have hit their four-year stock cliffs, and the 90-day IPO lockout fast approaches. According to a source, many Facebook employees including one other executive are already planning what to do next. Read more

YouTube Weighs Paid Subscriptions | Sources: Microsoft Considers $1.2B Yammer Buy | Facebook to Respond to Lawsuits

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YouTubeYouTube Chief Mulls Paid Subscriptions (Reuters)
YouTube is exploring selling subscriptions to provide access to some of its video offerings, potentially providing a way for certain cable channels to be available outside the traditional “bundles” offered by cable network providers, said YouTube boss Salar Kamangar. Cable channels with smaller audiences will in the future migrate to the Web and become available on an “a la carte” basis, Kamangar said at the Reuters Media and Technology Summit on Thursday. Engadget It appears YouTube is testing a new homepage styled more like the look that recently rolled out on Google+. The current default look rolled out last winter with more focus on channels and social integration, while this new facade features more white space and list of channels and friends to the side. Los Angeles Times YouTube and Google+ are starting to look a lot more alike, and now, they will play together more too. The team behind YouTube announced Thursday that the service’s Google+ app has received an update increasing the amount of things that users can do with YouTube videos inside Google+ hangouts. The Next Web This is the perfect example of an integration that makes Google look like more of a social powerhouse with each release. This new app is available worldwide in 60-plus languages and takes all of the hard work that the YouTube team has put into playlists inside of Google+ Hangouts. WebProNews As ubiquitous as YouTube now seems, it’s easy to forget that the company is less than a decade old. In just over seven years, the video sharing website has spread all over the globe and continues to quickly expand into new markets. Despite this, YouTube only operates 46 individual country YouTube sites. This week, Indonesia became that 46th country. Read more

Surprise! Mark Zuckerberg Gets Married | Pakistan Blocks Twitter Over Cartoon Contest | Microsoft Launches Academic Social Network

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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