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Twitter IPO plans

Twitter Discloses Its IPO Plans (The New York Times/Dealbook)
Twitter has taken the cover off its initial public offering, making public its prospectus and setting the clock on one of the most anticipated stock sales of the year. Twitter’s prospectus — whose filing was initially disclosed in a 135-character post on its own service last month — offers the fullest look yet at the privately held company.

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Social Media Newsfeed: Twitter IPO | Medium’s Future

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Saudi Prince to Hold Twitter Stake, Sees IPO By Early 2014 (Reuters)
Saudi billionaire Prince Alwaleed bin Talal says he will not sell any of his shares in microblogging site Twitter when it goes public, and expects the firm’s IPO to hit the market later this year or in early 2014. The prince, a nephew of Saudi Arabia’s King Abdullah and owner of international investment firm Kingdom Holding 4280.SE, invested $300 million in the social media giant in late 2011.

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Shareholders Sue Facebook | Disqus Adds New Features | Oracle Acquires Vitrue

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Facebook Faces Shareholder Lawsuits (AP)
Facebook’s fourth day of trading as a public company saw an increase in the company’s stock price and shareholder lawsuits related to the social network’s botched initial public offering. Several shareholders who bought stock in the IPO have filed lawsuits against Facebook, its executives and Morgan Stanley, the IPO’s lead underwriter. Reuters Meanwhile, Facebook is considering a stock-listing proposal put forward by the New York Stock Exchange, a source familiar with the situation told Reuters, in the wake of a disappointing initial public offering last week on the rival NASDAQ bourse. Facebook has exchanged phone calls and emails with NYSE Euronext and are considering their pitch, the source said without elaborating on specifics. CNET Facebook plans to open its first Middle East office in Dubai next week, according to the Associated Press. This United Arab Emirates city is considered the Silicon Valley of the region, so it makes sense that the social network would put its Persian Gulf hub here. The Hill Republican and Democratic lawmakers on Wednesday began to look into the debacle of what was supposed to be the social networking company’s crowning achievement. Lawmakers want to know whether institutional investors got a sneak peek at an updated analysis, written just before the initial public offering, that gave a more pessimistic assessment of Facebook’s future revenues. AllFacebook Some Facebook page administrators are seeing messages in the top-right-hand corners of their timeline pages urging them to create Facebook ads and containing a “promote your page” button. Have you seen similar messages on Facebook pages you manage? Mashable A Facebook page and a six-minute video tell the story of a 12-year-old girl whose mother died when she was 3 years old, grew up being abused by her father and bullied on her Facebook page. Eventually, the girl commits suicide. There’s just one problem: this is all fake. Read more

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Zeen IconYouTube co-founders Are Working on a Magazine Publishing Service Called Zeen (Fusible)
It looks like you’ll soon be able to discover and create “beautiful” magazines online. YouTube co-founders Chad Hurley and Steve Chen, who now run AVOS, posted a “Coming Soon” page on the website Zeen (a take on the word zine, which commonly refers to a narrowly focused self-published magazine). The Next Web The Privacy Policy page indicates that multimedia sharing will be a core part of the service and suggests that there will be a browser bookmarklet available. VentureBeat For now, though, we have relatively few details about how Zeen will work and what ‘zines will look like. You can go to the app’s landing page now to reserve a username and connect the account to an email address, Facebook identity or Twitter account. Business Insider After registering, users get an email to confirm their address, but it becomes a waiting game after that to see how Zeen works and what it’s all about. Read more

On-Demand Music Startup Rdio Raises $17.5 Million

The on-demand social music service Rdio has raised $17.5 million from Mangrove Capital Partners and existing investors Rdio co-founder, Janus Friis, through his investment entities, as well as Atomico and Skype.

Rdio has been on our radar since they worked with the Recording Academy on a mobile app for the GRAMMY Awards. To strengthen its ties to the music industry, the company has now added to its board Warner Bros. Records chairman Rob Cavallo, a Grammy-nominated producer who has worked with artists like Green Day, Dave Matthews Band and Alanis Morissette. Existing board members include Europlay Capital Advisors CEO Mark Dyne, Atomico co-founders Janus Friis and Niklas Zennstrom, and Rdio CEO Drew Larner.

With this recent round of funding, Rdio plans to take the service to new platforms and new regions throughout the year. Most recently, the company partnered with Sonos to bring music to home speakers. “The convergence of many factors, including the pervasiveness of smartphones, network robustness, and consumers accustomed to on-demand content make it an exciting time to lead a company like Rdio,” said Drew Larner, Rdio CEO in a statement. “It says a lot that notable investors share our vision.”

GRAMMY Awards Launch Location-Based App with On-Demand Music Startup Rdio

The 53rd Annual GRAMMY Awards will air on February 13th at 8PM ET/PT on CBS, with or without Kanye West. As part of the “Music is Life is Music” ad campaign, The Recording Academy has partnered with on-demand social music service Rdio on MusicMapper, a location-based application for iPhone and Android.

Users can pick a location, tag a song and write a note to create an audio autobiography that’s pinpointed on a searchable map. Rdio supplies the album art and 30-second song excerpts, as well as powering the music search functionality.

“The Recording Academy is proud to provide music fans with content from Rdio’s vast catalogue through our MusicMapper application and Music Is Life Is Music microsite,” said Evan Greene, CMO, The Recording Academy in a statement. “Rdio proved to be a great partner in this year’s GRAMMY campaign given their like-minded emphasis on the social and mobile music experience, and we’re grateful for their partnership and collaboration.”

Drew Larner, CEO of Rdio added, “it’s extremely validating to have a prestigious organization like The Recording Academy ask Rdio to partner with them on powering the content in their social music discovery application. We have always believed that music is about sharing experiences and we’re glad that industry leaders recognize Rdio as a leader in social music discovery.”