Posts Tagged ‘Spotify’

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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

Synthesizer creator Robert Moog, who would have been 78 years old today, is having the best birthday ever. Not long after Google’s artists created an interactive Moog synthesizer doodle for the homepage, a fan responded with a crazy cover of Daft Punk’s “Aerodynamic” using Google’s tool, which he posted on YouTube.

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Do records spin the other way in Australia? Spotify may have the answer now that the streaming music service has launched in Australia and New Zealand. “We’re unbelievably excited to be here,” said co-founder and CEO Daniel Ek in a fake Australian accent. “Australians are massive music fans and we’ve created a service that we know they’ll love.”

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Webby Awards: Steve Jobs Gets Honored, Full List of Winners (CBS News/techtalk)
New York City mayor Michael Bloomberg was honored Monday with a Webby award for Lifetime Achievement for his work with the Bloomberg media corporation. The award was presented by Tumblr founder and CEO David Karp, who reminded the audience that if it wasn’t for Bloomberg’s contribution to financial technology, we wouldn’t have found out the cost of Facebook stock shares until Monday. CNET Nearly a dozen celebrities, politicians and tech luminaries paid tribute to late Apple co-founder Steve Jobs at The Webby Awards show. A video featuring president Barack Obama, former president Bill Clinton and others expressing admiration for Jobs, who died last October, was shown to attendees and streamed over the Web. The Verge Actor Richard Dreyfuss gave a strange and oftentimes discursive speech that began with a jab at Facebook and Google. “If you’re going to take our privacy away from us, why don’t you tell us something private about yourselves,” Dreyfus said to an awkwardly hushed reception. “And if you’re going to change our world, why don’t you pay for it, because it’s theft.” USA Today Instagram won Webby Breakout of the Year, Pinterest took home a social media award, and Facebook scored the People Special Achievement for Social Change honor. In addition, Skype won for Best Social Mobile & Apps. For the complete list of winners, visit WebbyAwards.com Read more

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Facebook’s IPO One of World’s Largest (AP)
Facebook priced its IPO at $38 per share on Thursday, at the top of expectations. Now, regular investors will have a chance to buy stock in Facebook for the first time. The stock will begin trading on the Nasdaq sometime this morning. The ticker symbol will be FB. The Verge To commemorate the momentous day, co-founder and CEO Mark Zuckerberg has been invited by NASDAQ to ring the stock exchange’s opening bell. He won’t be at the New York stock market in person, but the ceremony will be carried out remotely from Facebook’s Menlo Park, Calif., headquarters Reuters The scramble for shares in what is one of largest initial public offerings in U.S. history quickly divided the haves from the have-nots on Thursday. Those with big brokerage accounts and a long history as customers of Wall Street firms likely got at least part of their orders for Facebook shares filled, but would-be buyers who had no such ties were lucky to get any. Bloomberg Businessweek The average first-day “pop” for a technology company is 32 percent; if Facebook follows that trend, it’ll be worth $137 billion by day’s end. But there’s little about Facebook that’s average, including its public offering. TechCrunch Facebook kicked off its 31st Hackathon Thursday evening to celebrate the IPO. Hackathons are a company tradition. They’re a place where engineers and other non-technical employees get to stay out all night building concepts into real products that sometimes eventually get shipped. The Huffington Post The big money has already been staked out. Facebook’s founders and early investors own huge amounts of stock. When the company goes public, some will hold on to their stock; others will walk away with cash after selling shares at the IPO. The Daily Beast The $104 billion Facebook IPO testifies to the still considerable innovative power of Silicon Valley, but the hoopla over the new wave of billionaires won’t change the basic reality of the state’s secular economic decline. AllFacebook We now know that Facebook’s initial public offering will open at $38 per share. But what price will it reach at the end of the trading day? Let us know your prediction by taking our poll. The Washington Post On Thursday, Sen. Carl Levin, D-Mich., used the anticipation surrounding Facebook’s big day to talk again about why Congress needs to close loopholes in corporate tax law. Levin objected to Facebook’s decision to issue its employees options to buy company stock in the future at its original issuing price. Read more

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Bing Reinvents Social Search and Discovery (Mashable)
Bing has been reinvented, offering enhanced search results that tap into the power of social media. Microsoft has done this by pulling people out of search results and putting them in their place: A right-hand social column that will eventually include Facebook, Twitter, Google+ Quora and LinkedIn integration, as well as people who may know something about your most recent Bing query. AllFacebook The new Bing will gradually be rolled out to users, and those interested in getting it earlier can sign up. The search engine makes its suggestions based on information in friends’ Facebook profiles, their likes and photos they have shared. The New York Times Strengthening the ties between Bing and Facebook is a sign of how Microsoft and Facebook are working together to provide a counterbalance to their common adversary, Google. While Google is by far the dominant player in the Internet search business, it also competes with Microsoft in productivity applications and with Facebook through its Google+ social network. The Wall Street Journal Microsoft’s share of U.S. Web search was 15.3 percent in March, according to comScore, while Google had a 66.4 percent share. Combined with Yahoo!, for which Bing also powers search, Microsoft had a combined 29 percent market share. Forbes In 2007, Microsoft spent $240 million for a 1.6 percent stake in Facebook, which goes public next week. And the two nabbed headlines in October 2010 by announcing their plan to team up on social search. Read more

If you love music and you love love, here are two new apps from Spotify that can help you discover both.

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The wait is over. Spotify’s iPad app is now available for download at the iTunes store. It looks like it’s just for premium subscribers, but if you want a preview, there’s also a 30-day free trial.

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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

If you’ve got a stack of CDs you’d like to hear on Spotify, but you can’t find the albums on the list, a new app called Covify can help.

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