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Social Media Newsfeed: Thiel Stock | LinkedIn Profiles | Live-Tweeting Swim

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Facebook Insider Peter Thiel Sells 20.1 Million Shares (USA Today)
Peter Thiel, one of Facebook’s earliest investors and a member of its board, was among the insiders selling stock in the social network after a lockup expired last week. A regulatory filing on Monday said that Thiel, a former CEO at PayPal, sold about 20 million shares of Facebook through affiliates such as his Founders Fund and other entities last week. Reuters Thiel sold his approximately $400 million worth of shares on Thursday and Friday at average prices ranging between $19.27 and $20.69 per share after the end of the first lockup, which barred early investors and insiders from selling shares following the initial public offering. The sales, in which Thiel sold roughly 20 million Facebook shares, were conducted as a result of a trading plan that he entered into on May 18, according to the filing. San Jose Mercury News A spokesman said Thiel had no comment Monday. Thiel still owns about 5.6 million shares of Facebook and remains a director of the company. CNNMoney He became a Facebook investor in 2004, when Mark Zuckerberg first set out to turn his dorm room project into a lasting business. Thiel and his associated investment funds held more than 44 million shares of Facebook when the company went public. AllFacebook Microsoft also sold 20 percent of its Facebook stock. The fallen stock price has an effect on the social network’s pending Instagram acquisition, as well. Read more

Salesforce.com Buying Buddy Media? | Facebook Shares Reach New Low | Twitter Speeds Up

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Buddy MediaSalesforce Set to Snap Up Facebook Friend Buddy Media for More Than $800 Million (AllThingsD)
Cloud-computing pioneer Salesforce.com is close to a deal to acquire Buddy Media, the five-year-old company that helps brands manage their Facebook presence. Sources say the two companies have agreed to terms that will value Buddy Media at more than $800 million, but that the transaction hasn’t closed yet. Fast Company Founded a little more than four years ago by Michael Lazerow, Buddy Media has raised $90 million in venture funding from the likes of Peter Thiel, Ron Conway and Institutional Venture Partners. VentureBeat Presumably, Salesforce could add Buddy Media to its long roster of services targeting the enterprise like Chatter and Force.com. It’s unclear how much crossover there would be with Salesforce-owned Radian6, another social media management service. BetaBeat An acquisition for Buddy makes sense. After Facebook’s bungled IPO, there was little room left for companies with offerings reliant upon Facebook to go public themselves. And judging from Buddy’s hiring of an “IPO-ready CFO” last August, an IPO was its preferred route. Forbes The deal would be a major validation for social media marketing, a still nascent but fast-growing segment of the online advertising market. A number of startups are in this field, such as Wildfire Interactive, Hearsay Social, Lithium and Vitrue, which was acquired last week by Oracle for $300 million. Last year, Salesforce bought Radian6 for $326 million. Read more

Facebook Boosts IPO Range | Report: iCloud to Include Photo-Sharing | Twitter to Send Email Digests With Summify Technology

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In Facebook IPO, Frenzy, Skepticism (The Wall Street Journal)
Facebook’s coming initial public offering has set off a frenzy of anticipation among Main Street and Wall Street investors desperate to get their hands on the stock. Late Monday, the social network raised the price range for its IPO to $34 to $38 a share, from $28 to $35 a share, said a person familiar with the matter, in a sign of investor appetite for the offering. Inside Facebook Facebook has announced a new design for its mobile newsfeed that displays posts in individual boxes similar to how they appear on timeline. As part of the redesign, photos now appear three times larger than before, which could make browsing more efficient since there is less need to tap to see an image full-screen. Yahoo! News/The Lookout Is Facebook a flash in the pan? Nearly half of Americans think so, according to a new AP/CNBC poll. Forty-six percent of those polled said the social networking giant is likely to “fade away as new things come along,” while 43 percent predict it will be “successful over the long term.” CNBC The poll also shows that 57 percent of Facebook users say they never click ads or other sponsored content when they use the site, with another 26 percent saying they hardly ever engage in such activity AllFacebook Recent college graduate Suleika Jaouad found out that when she opened up about having leukemia on Facebook, there was a community ready to embrace her as she faced this new challenge in life. Caretakers and fellow cancer patients, friends and family all were there waiting to offer support and share advice. Read more

Big Think Thinking Profitability, Education, Research

Video site Big Think launched in early 2008 and now serves about 5 million video views per month and, according to co-founder and CEO Victoria Brown, has reached profitability. The site began with seed capital from investors including Lawrence Summers (currently President Barack Obama‘s director of the National Economic Council) and Peter Thiel, as a “YouTube for ideas,” in the words of co-founder Peter Hopkins, and it is now branching into education (launching a paid offering for colleges and universities) and research (providing reports to hedge funds).

Brown spoke with Beet.TV founder and executive producer Andy Plesser:

Valleywag: “The Silicon Valley Equivalent of Al Qaeda” Huh?

Jason Turbow over at BayNewser picked up on an interview with Silicon Valley venture capitalist, and founder of PayPal, Peter Thiel who was often the target of posts on Gawker’s Valleywag.

Thiel: Maybe I’m wrong and did something terrible to them, but I’m not particularly flattered by being targeted. I actually think it’s sort of the psychology of a terrorist, where it’s purely destructive and that Valleywag is the Silicon Valley equivalent of Al Qaeda.

peHUB: You think Valleywag is a like a terrorist organization?

Thiel: Yes, in that it scares everybody. It’s terrible for the Valley, which is supposed to be about people who are willing to think out loud and be different. I think they should be described as terrorists, not as writers or reporters. I don’t understand the psychology of people who would kill themselves and blow up buildings, and I don’t understand people who would spend their lives being angry; it just seems unhealthy.