You turned 28 on Monday. You listed your company in one of the largest IPOs in history on Friday. Why not cap the week by marrying your girlfriend of nearly a decade?
Social Networking
Facebook Purchases Karma, the Social Gifting App
Facebook may have just gone public today, but that doesn’t mean it’s waiting around to keep business rolling. The social network just purchased Karma, the social gifting app. Announced on its official Karma blog today, Facebook has acquired the company founded just last year for an undisclosed purchase price. From the sounds of it, Karma
Facebook Stock Closes Out its First Day of Trading with a Whimper
Despite a ton of hype and anticipation, it is clear that no one walked away from the Facebook IPO with a wheelbarrow full of new money except for the staff of the company. With an IPO of $38, the Facebook stock opened to the public at essentially $43 – it was $42.05 for about a
Facebook Sued for $15 Billion Over Privacy Issues
While everyone at Facebook HQ should be celebrating the company launching its stock, the lawyers are busy facing down a new $15 billion dollar lawsuit. A total of 21 lawsuits from around the country have now been combined into one massive class action lawsuit with a value of $15 billion. According to Bloomberg, the paperwork
What Price Will Facebook Stock Close at Today? (Poll)
With the Facebook stock now officially trading, it’s time to play arm chair quarterback and tell us where you think it’s going. While we are certainly not stock experts around TechnoBuffalo, a couple of us are making predictions on where we think it will end up today: Jon Rettinger – $55 Todd Haselton – $75
Facebook Shares Open to the Public at $43
Following a delay in the opening of the stock to public trading, Facebook opened up at $43 per share. Despite the price being announced as $38 a share, the institutional traders that got in on the early hours trading had already driven the price up to the $42.50 to $43.00 range. It’s going to be
Mark Zuckerberg Changed His Status on Facebook for Listing His Company
How often do 28-year-old college dropouts get to list a company on a stock exchange? Seems like a good time to update your status! It’s a big week for Mark Zuckerberg. He turned 28 on Monday and he got to list his social network on the NASDAQ exchange this morning. Not only did he ring
Pre-IPO Facebook Fun Facts, An Infographic
Facebook is clearly sprinting toward the finish line, trying to monetize everything it can before the IPO. But that doesn’t mean it’s in a terrible spot right now. Nothing brings a point home like a good old infographic, so here’s one outlining some numbers and other fun Facebook trivia — like the fact that Zuck
Facebook Sets IPO Price at $38 a Share
Facebook has officially set its IPO at the high end of the range it announced the other day: $38 a share. At 11am EST on May 18, Facebook shares will be trading on the NASDAQ under the ticker symbol “FB.” How much will that one share of your favorite social network going to set you
Facebook’s IPO: Is it Generating Enough Ad Revenue?
While everyone is talking about the prospects of the Facebook IPO launching this week, one thing that is weighing on a lot of potential investor’s minds is how the social network will make enough money to warrant the investment. Our own Jon Rettinger went on Fox Business yesterday to discuss this situation, and in what
GM Pulls Facebook Ad Campaign; Ford Pushes on
GM recently confirmed it has decided to pull its $10 million annual ad campaign from Facebook. The automaker typically spends about $40 million per year getting its brand onto Facebook, The Wall Street Journal explained, but the company will continue to pay the difference for management of its Facebook pages and content. The company made its decision after
Facebook Increases the Size of its IPO Yet Again
With just two days to go before Facebook stock is public, the company has decided to increase the number of shares it will offer up. In an amended registration document this morning, Facebook listed that it was bringing the total number of shares it plans to sell to 421 million. This represents an increase of
Facebook Scoops Up Instagram Competitor Lightbox
The powers that be at Facebook seem to think that photo sharing is the bee’s knees. After spending $1 billion on Instagram, the house that Zuckerberg built is bringing the staff responsible for Lightbox into the fold. Co-founders Thai Tran and Nilesh Patel will be lending their HTML5 friendly skills to the social network in roles
Facebook Mobile Updated With Improved Design, Larger Images
Facebook on Monday announced that it has, yet again, updated its mobile application with new features. The latest version offers edge-to-edge posts, an improved news feed and photos that are 3x larger than before. Typically, Facebook’s mobile news feed offered just small thumbnails of new pictures posted by friends, but now the feed is populated
Twitter Unveils Weekly Email Digest Feature
Twitter announced on Monday that its users can now opt to sign up for a new weekly email digest that highlights the “most relevant Tweets and stories shared by the people you’re connected with on Twitter.” The email will feature a format that’s similar to the existing Discover tab on its mobile applications and will
Would You Pay To Have Your Facebook Posts Featured?
Ever take pains to word your Facebook shares just right, only to discover that friends and loved ones missed it? What if you could pay for the privilege of making sure they see the super important update? That’s the notion that Facebook is playing around with in New Zealand, as it charges users $0.40–$2 to
FTC Reportedly Investigating Facebook Acquisition of Instagram
Facetagram or Instabook or the worst acquisition ever is reportedly being investigated by the Federal Trade Commission. According to the Financial Times, “people familiar with the matter” say the FTC is currently collecting a treasure trove of info from Facebook’s competitors, which could potentially stall the merger for up to a year. Just because the
Microsoft Wants to Make a Facebook Phone, Says Source
I’m laughing. But maybe also crying? Are there that many people out there who love social networking so much they’d buy a Facebook Phone? Possibly! So why not give the public what it wants? The concept of a Facebook Phone is nothing new, but it’s lingered well past its welcome— there was actually two efforts
55,000+ Twitter Accounts Hacked, How To Tell If Yours Was Among Them
Thanks to a tip from a hacker dubbed “Airdemon,” we now know that a massive list of 55,000+ Twitter usernames and passwords were dumped onto Pastebin. Who was responsible for this or why/how they did it, however, still isn’t known at this time. Twitter told CNET that it sent out password updates to the affected
Facebook App Center Collects All the Best Social Apps in One Place
Every app ever — whether it’s on iOS or Android — that’s in some way integrated with Facebook is being wrangled by the social network into one ginormous app store. Dubbed App Center, the new feature will allow users to browse whatever cool app their friends are using and download them themselves; Apps such as
What Facebook Makes Off Of You
Facebook may have had a bad quarter, but it’s not exactly a fail by any yardstick. It boasts 901 million users and $1.058 billion in revenue, making it the web’s most popular social network. TechCrunch did some math on this and figured out, if the network keeps its popularity and revenue up, it would make
Facebook Sets IPO Price of $28 to $35 a Share
Facebook has set the price of its IPO expected to launch this month at between $28 to $35 a share. Depending on what Facebook decides on as its final IPO price, the social network started in a Harvard dorm room will shoot to a valuation of $77 billion to $96 billion over night. This would
Facebook Messenger To Get Video Chat, Arrive On iPad Soon
It took Facebook what seemed like an eternity to make its official iOS application iPad-compatible. But Zuckerberg and co. are already working on porting another app, Facebook Messenger, to Apple’s tablet, as well as introducing video chat that will be powered by Skype. A source for 9to5Mac has provided an early beta of the iPad application,
Facebook Launches Initiative to Increase Organ Donation
Facebook announced this morning that it is going to attempt to help with the worldwide shortage of organs available for donation. Mark Zuckerberg, founder and CEO of Facebook, went on Good Morning America this morning to announce that his company will be stepping up its efforts to aid with organ donations. Motivated by conversations with
Twitter for Android and iOS Updated With Improved Search, Notifications
Twitter on Thursday announced that it has updated its iOS and Android applications with a number of improvements. Among the enhancements are better search capabilities, improved notifications and improvements to the discovery tab for easily viewing replies, direct messages and favorited tweets from your stream. Here are just a few notes on the update: “Now































