Posts Tagged ‘Social Networking’

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Facebook Camera App Launches for iOS (TechCrunch)
Facebook began rolling out a standalone photos app Thursday with which users can shoot, filter and share single or sets of photos and scroll through a feed of photos uploaded to Facebook by your friends. Facebook Camera for iOS lets users rapidly pick one or more photos, apply filters, tag friends and locations, add a description and post. Gizmodo iOS users are used to pulling down at the top of apps to refresh a stream, but this action reveals your iPhone’s photo album, instead. This takes getting used to, as does the process of selecting multiple photos to upload or changing your mind and removing one. Wired The product highlights the company’s commitment to its mobile business. But considering Facebook’s recent purchase of the photo-sharing app Instagram, it’s hard not to compare the two. Silicon Valley Mercury News Facebook agreed to acquire Instagram on April 9 for cash and stock then valued at $1 billion, but the value of the stock has widely varied after the Menlo Park, Calif.-headquartered social network went public last week and has experienced volatility on Wall Street. The deal has not closed, and Facebook recently changed wording in its Securities and Exchange Commission filings that indicated it did not expect the acquisition to be complete in the current quarter. Reuters Less than a week after its IPO, Facebook is already facing multiple lawsuits by disgruntled shareholders who claim that the company and its underwriters told only select institutional investors about the social media company’s weakened growth forecast. This is not the first time investors in a hot tech company’s initial public offering have alleged that underwriters favored their regular clients at the expense of the little guys. Read more

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Massachusetts Joins Growing Crowd Probing Facebook IPO (PC Magazine)
Massachusetts regulators on Tuesday issued a subpoena to Morgan Stanley, the lead underwriter for Facebook’s initial public offering, in an effort to get answers about reports that some investors and not others were informed of earnings revisions for the company ahead of the IPO. The highly publicized IPO is facing scrutiny from several quarters for possible irregularities that may have occurred before the stock was floated and continued through the first day of trading. AllFacebook The hopes of collectors who sought to own one share of Facebook stock from its initial public offering last week were dashed, as paper stock certificates will not be made available, after all. CNNMoney reported that Computershare, which handles shareholder records for the social network, alerted GiveAShare.com and OneShare late last week that there would be no paper stock certificate. Reuters Facebook has agreed to settle a lawsuit that alleged the site’s “Sponsored Stories” feature publicized users’ “likes” without compensation or the ability to opt out, according to a court document filed on Tuesday. The proposed class action lawsuit, filed in a San Jose, Calif., federal court, could have included nearly one of every three Americans, with billions of dollars in damages, court documents say. PCWorld Facebook’s Timeline profiles may be getting a redesign, but this one probably won’t trigger a backlash. The new Timeline design, spotted by TPM Livewire, condenses the biographical information at the top of the page, so it’s nested within the user’s banner image instead of appearing below. Links to the user’s friends list, photos, locations and likes are tucked neatly underneath the banner, next to the user’s profile picture. Alongside those links, a new button called “Summary” leads to a list of major life events. CNET A federal judge has refused to order a Norwegian website that describes itself as “the number one socializing porn and sex network” to turn over its name to Facebook. U.S. District Judge Jeffrey White last week ruled that the court had no jurisdiction because Facebook, which sued in California, had failed to show that the owner of website Faceporn had targeted residents of the state. Read more

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Apple Kills Chomp for Android (GigaOM)
Apple acquired app discovery service Chomp earlier this year, betting that it would help make app discovery easier and better on its iTunes App Store. The casualty of that acquisition is the Chomp for Android app which seems to have been discontinued. Ars Technica Chomp’s app allows users to search the App Store using a proprietary algorithm to figure out what apps actually do (instead of just using keywords or app names). The app also allows users to see which apps their Facebook or Twitter friends have reviewed, adding a social networking element to the service. MacRumors Apple reportedly paid about $50 million for Chomp, which also had a deal with Verizon to power its Android app search tools. That agreement will presumably be ending as Chomp completes its integration into Apple and focuses all of its attention on iOS. SlashGear Still, beyond the annoyance factor for Android users previously relying on Chomp to ferret out new software, the real interest should come when Apple better integrates the engine into its own store. According to sources speaking when the deal was first revealed, Apple intends to use the technology to dramatically improve the discoverability of new and interesting apps in its increasingly crowded store. Read more

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LinkedIn Launches iPad App With Bells and Whistles (SocialTimes)
Professional social network LinkedIn has finally launched an app for iPad. The social network obviously has a lot on its plate, having gone public and serving 150 million users per month, but it’s great to see that they took time to reach out to iPad users with a native app. The Washington Post LinkedIn says users often log on to the site through their iPads in the early morning to prepare for meetings and in the evening, on the couch. The iPad app targets these people with a calendar function and other features optimized for the device. Before, they had to use iPad’s Web browser or use an iPhone app that doesn’t take advantage of the iPad’s screen size. VentureBeat Typically, LinkedIn’s most avid users are a relatively affluent crowd, and they’re in their early 30s to 50s, which lines up nicely with tablet ownership demographics (college grads under 65 years of age who earn $75,000 or more per year). PCMag The new iPad app is available for free in Apple’s App Store. In addition to the app, LinkedIn also rolled out a new mobile website for the Safari browser on the iPad. Read more

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Introducing Google Drive… Yes, Really (Google Blog)
Just like the Loch Ness Monster, you may have heard the rumors about Google Drive. It turns out that one of the two actually does exist. BGR Google on Tuesday unveiled a new cloud storage service being billed as the next step in the evolution of Google Docs. Dubbed Google Drive and built to compete directly with Microsoft’s SkyDrive and other similar services, Google’s new cloud storage solution features 5GB of free space and deep Google Docs integration that allows users to collaborate and share all of their documents. GigaOM The new service will be accessible from a Web browser along with different client devices including Mac OS X, Windows and Android devices (tablets and phones). The iOS version of Drive will arrive soon, the company says. Lifehacker Each user gets 5GB for free, and can upgrade to 25GB for $2.49 a month, 100GB for $4.99 a month or even 1TB for $49.99 a month. If you upgrade, it’ll also raise your Gmail storage to that level. Read more

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Facebook Acquires AOL Patents From Microsoft (paidContent)
Facebook announced today that it will pay $550 million to Microsoft for the right to 650 patents and patent applications. Microsoft acquired those patents and hundreds of others in a deal with AOL earlier this month. The New York Times / Bits The deal allows Facebook to bulk up its intellectual property portfolio ahead of the social networking company’s initial public offering, expected next month, and it is a further sign of the growing importance of stockpiling patents in the arsenal of any big technology company. AllFacebook Facebook is currently embroiled in a controversial patent-infringement lawsuit filed by Yahoo in March. Meanwhile, last September, AOL, Yahoo and Microsoft joined forces to challenge Facebook on the online display advertising revenue front. PandoDaily Another thing is astounding about this story: The ever-bumbling AOL has actually done something smarter than Yahoo, the purple dinosaur. AOL sold and licensed its patents for a cash injection of more than $1 billion. Yahoo wanted money too, but it chose to use its patents to extort that kind of cash out of Facebook via a conveniently timed lawsuit — with zero attempt at negotiations before hand. Read more

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In Facebook Deal, Board Was All But Out of Picture (The Wall Street Journal)
On the morning of Sunday, April 8, Facebook Inc.’s youthful chief executive, Mark Zuckerberg, alerted his board of directors that he intended to buy Instagram, the hot photo-sharing service. It was the first the board heard of what, later that day, would become Facebook’s largest acquisition ever, according to several people familiar with the matter. AllFacebook Zuckerberg negotiated with his Instagram counterpart down from an original $2 billion offer, asking Systrom whether he thought Facebook could one day be worth more than $200 billion, roughly the size of Google. Systrom agreed to the one percent or roughly $1 billion in stock. SocialTimes Normally a deal like this takes several days, if not weeks, to complete, and usually involves more lawyers and bankers than were present during the negotiations. Gizmodo It was a bold strategy, and one that smacks of the kind of approach a small start-up might take. It’s not, however, the way most people might expect a multi-million dollar public organization to conduct business. TechCrunch This just in: According to multiple sources close to the company, Facebook is eying an IPO on May 17th — depending on whether the SEC agrees that all the reams of paperwork (including those concerning its recent acquisition of Instagram) are in order. PRNewser The Ad Age Digital Conference continued Wednesday with a presentation from David Fischer, Facebook’s VP of business and marketing partnerships, whose presentation could be boiled down to this: “Your brand needs an always-on strategy.” Read more

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Twitter Promotes Patent Peace with Innovator’s Agreement (paidContent)
In a first among major tech companies, Twitter is taking steps to ensure that its patents don’t become fuel for future intellectual property wars. Twitter Blog It is a commitment from Twitter to our employees that patents can only be used for defensive purposes. We will not use the patents from employees’ inventions in offensive litigation without their permission. parislemon Hopefully other startups large and small will follow Twitter’s lead here. It would be really excellent if larger companies (*cough* Yahoo *cough*) did as well, but it’s hard to see that happening given the current state of things. This is a movement that will have to start from the ground up. AllTwitter Those “in the know” when it comes to patent law seem to approve. VentureBeat The Innovator’s Patent Agreement will take effect later this year; you can read the whole thing on GitHub. Read more

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Path Confirms Series B Funding From Redpoint, Richard Branson and Others (AllThingsD)
CEO Dave Morin noted the investors’ commitment to building Path “for the long term,” and said the funding would be used for “international growth and expansion as well as user adoption.” Inside Mobile Apps In February, Path revealed it has passed 2 million registered users, more than half of which had joined since the service relaunched in December as a personal journal app, pivoting from its original vision as a private photo-sharing service. GigaOM Ever since Facebook decided that Instagram was worth $1 billion, there has been recurring talk of Path, another social service being the next big buyout target. And while I am happy for the Path team, I find the comparisons with Instagram unfounded and premature. Business Insider Here’s what’s odd: RedPoint just invested in a startup that is in many ways very similar to Path: Caterina Fake’s new startup PinWheel. Read more

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Facebook Offers Rollout Begins, Delivers Local Deals Direct to Your News Feed (The Verge)
The system allows local businesses to use their Facebook pages to promote themselves direct to their customers, sending freebies and promotions straight to users’ news feeds. Gizmodo Following the huge success of services like Groupon and LivingSocial, it was only a matter of time before Facebook got into the business of deals. AllFacebook If anything, the greater novelty isn’t the rollout of offers, but rather the acquisition of Tagtile. Inside Facebook According to Tagtile’s website, its service “helps local businesses identify and engage their customers to increase revenue.” Read more