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Social Media Newsfeed: FarmVille 2 | Twitter API | Lumia Windows Phone

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Nokia Unveils New Lumia Windows Phone (USA Today)
Nokia on Wednesday introduced a new smartphone that will serve as the flagship handset in its alliance with Microsoft. The 920 model, which will have a 4.5-inch screen, 32 gigabytes of storage and run on the next version of Microsoft’s mobile operating system, Windows Phone 8, is aimed at a more discriminating customer base that values a high-end camera and a larger, clear display. The New York Times/Bits Blog Nokia also briefly introduced the Lumia 820, a mid-priced smartphone with exchangeable covers. The companies did not disclose prices or release dates for either of the phones, but said they would arrive in some markets in the the last three months of this year. Reuters Nokia shares plummeted 13 percent after its new Lumia smartphones failed to impress investors looking for transformational handsets to rescue the struggling Finnish company. The Lumia was the first in a flurry of planned mobile-device launches expected ahead of the holiday shopping season. AP Nokia sold 4 million Lumia phones in the second quarter, a far cry from the 26 million iPhones that Apple sold during those three months. So far, the line hasn’t helped Nokia halt its sales decline. The Wall Street Journal Competitors hoping to catch up with Apple not only have to come up with great technology, they have precious little time to do it. Apple set a high technical bar for mobile phones with the introduction of the iPhone in 2007. Read more

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

New Twitter Guidelines Limit App Developers

Twitter has plans to update to its platform to Version 1.1 and in doing so will limit the potential output of developers who create apps for Twitter.

The changes, which will be rolled out in the coming weeks, include “required authentication on every API endpoint,” “a new per-endpoint rate-limiting methodology,” and  changes to the company’s ”Developer Rules of the Road, especially around applications that are traditional Twitter clients.” One significant difference is that developers will need Twitter’s permission for an app that requires more than 100,000 individual user tokens. Read more

Social Media Newsfeed: Twitter API Changes | Instagram Update | New Ustream App

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Twitter’s New API Rules Likely Spell the End of Third-Party Clients (Wired)
On Thursday, Twitter announced a new version of its API in a blog post. The latest version requires anyone using the Twitter API to be authenticated, institutes a rate-limiting feature and makes big changes to the ways developers can use Twitter’s data. ars technica Among the most damaging of these new changes for third-party developers is the evolution of Twitter’s Display Guidelines into Display Requirements. Developers are currently allowed some leeway in how they present tweets, but the new requirements will enforce a number of design decisions that may make it more difficult for third-party clients to differentiate themselves from both the official Twitter clients and one another. TechCrunch Apps that require more than 1 million individual “user tokens” will now have to work directly with Twitter. If you’re accessing certain services, such as the home timeline, that are “typically used by traditional client applications”, the threshold is 100,000 user tokens. If an existing app is already over the threshold, it can continue to operate, but once it doubles the user count that it has today, “You’ll be able to maintain your application to serve your users, but you will not be able to add additional users without our permission.” VentureBeat Currently, Twitter limits the number of free accesses to its API to 350 calls per hour, whether the requesting site is looking for a tweet, a profile, a user or a search. In the future, Twitter will implement per-endpoint rate limiting: 60 calls per hour. CNET For many developers, Twitter’s impossibly jargon-heavy declaration elicited a predictably sour reaction. The acid summation offered by Marco Arment, who developed Instapaper, summed up the feelings of many: “I sure as hell wouldn’t build a business on Twitter, and I don’t think I’ll even build any nontrivial features on it anymore,” he wrote on his blog. 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