The Facebook IPO was supposed to be Silicon Valley’s shining moment. It’s the book-end for the decade of recovery that followed the first wave of consumer Internet companies. It was the debutante ball for the next great Silicon Valley company, the one with the most potential to last a generation or longer.
Instead, it’s turned into a public relations disaster. If we look a little more closely though, the Facebook IPO probably has more devastating consequences for the rest of the late-stage private market than it does for the company itself. → Read More
That’s the big secret Wall Street is struggling with, that push is the monetization model of mobile. Who cares what the UI is, or what the advertising surface is. The moment a push hits your screen, it comes down to a binary decision: do I want to know more, or do I already know enough. To make that decision, we need social metadata to help out. Who said this, who retweeted it, who @mentioned it, and how are these signals parsed to prioritize the queue. → Read More
As tempting as it might seem, please do not upload a picture of a bunch of cash and then upload it to a social network. That’s just dumb. But that’s also what one 17-year-old Australian girl did only to have two robbers armed with a knife and a club show up at her house.
The story goes that a 17-year-old girl was helping her grandma. Likely somewhere in between vacuuming and feather dusting, the two started counting money, and, as we all know, the elderly tend to keep a good sum of cash on hand. Apparently the 17-year-old snapped a picture of the pile which was likely fanned-out in the traditional gangster style. This girl then uploaded the picture to Facebook. → Read More
Here we go again: Facebook is apparently trying for the third time to get its phone project off the ground — snatching up iOS design and engineering talent left and right Nick Bilton is hearing.
We’re hearing (and seeing) similar regarding iOS talent, but with one caveat: Word on the street is that few mobile design whizzes actually want to work at Facebook, but everyone has their price, and post-IPO Mark Zuckerberg is willing to pay that price, whatever it is.
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Facebook games just got a lot more viral. People don’t want to install and give data permissions to games, they want to play them, so now Facebook is allowing games to be played directly from within news feed or Timeline stories. These previews give gamers a taste and could get them over the install hurdle once they’re already addicted.
Facebook has to keep delivering growth for apps to get developers to stick around, or better yet, build for it first. Feed gaming could be a big selling point that could get devs to prioritize Facebook’s canvas over iOS, Android, Chrome web store, and other platforms that force people to download and install before the fun starts.
Some of Facebook’s most popular games are already using this tactic. Read more to try out playing Angry Birds, Bubble Witch Saga, and Idle Worship from the feed… → Read More
Not everyone loves Facebook enough to give it three, four, or five spots on their homescreen. So yesterday’s launch of Facebook’s third consumer iOS app, Facebook Camera, could actually end up reducing usage of Facebook’s main app, Messenger, and others by compelling people to consolidate them into a folder.
This issue isn’t one just for Facebook but for any developer looking to break out specific features of a cluttered omni-app into streamlined standalone apps. Is a lightweight feel worth the risk of app overload? → Read More
It has been a week since the Facebook IPO, with a whole lot of drama in the aftermath about the glitch with Nasdaq (and the legal implications), and questions about how much traders have lost as a result, while the share price has fallen: from a start of $38 it is now $32.79 in pre-market trading. But in a speech earlier this week to the 2012 graduating class of Harvard Business School, Facebook’s COO Sheryl Sandberg steered very clear of these topics.
Instead, as you can see in the video we have embedded below, we got a pretty good (and in my opinion pretty inspiring) speech: quite a few Facebook references but not directly about the business itself, and a lot of talk about remaining honest, and the role of women at the highest level of business.
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Knowing how users react to Facebook’s product changes is crucial to the site making the right moves, so today it closed an acq-hire of part of design research firm Bolt | Peters — specifically its leading man CEO Nate Bolt and several other employees from the six person consultancy. Those coming over will be joining Facebook’s design team that’s headed by Kate Aronowitz.
Bolt | Peters started 10 years ago and specialized in recruiting actual visitors to a website through its tool Ethnio and then observing their usage remotely so it could deliver insights on what to improve to their clients, which numbered over 90. Bolt | Peters will shut down on June 22nd, and has already spun out its Ethnio real-time research service.
Facebook tests product changes more frequently than nearly any service. Bringing in Nate Bolt and some of his teammates will help it understand exactly how users feel about changes and avoid blunders like Beacon. → Read More
This afternoon at TechCrunch Disrupt NY 2012, our own Josh Constine sat down with David Kirkpatrick, author of “The Facebook Effect,” to discuss what they thought about the future of the newly IPO’ed social network. Specifically, the two focused on the potential for Facebook’s advertising platform, its competitive advantages over incumbents and competitors, and its potential acquisition targets which could help its platform expand.
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Well, well, well. As if you couldn’t get your fix of sling-shotting irascible fowl on every other mobile and social platform known to man, Rovio announced this morning that Angry Birds for Facebook (officially known as Angry Birds Friends) has finally done flown the coop and left the warm nest of its beta. Avian double-speak aside, what does that mean exactly?
It means that, having gone through the requisite user testing, tweaking, and multi-billion-dollar IPO-ing, Rovio’s Facebook app is ready for public consumption, with a couple of new features in tow. Angry Birds Friends now boasts tournament mode, new weekly levels, a handful of new ways to earn power-ups, and, of course, tons of social integration. → Read More
Today brings another entrant into the social gambling space with RocketFrog, which is setting out to bring casino entertainment to Facebook with the launch of a free-to-play online casino that offers players the chance to win real prizes. Traditionally, online casino players participate in the casino gaming experience recreationally, with the rewards being the opportunity to socialize with friends or earn a few virtual badges.
So, RocketFrog wants to change this by leveraging the Facebook platform — where all of your friends are already — to create social tournaments, where players can interact and compete against their friends to win real prizes, not just accumulate points on leaderboards or vie for meaningless status increases. → Read More
You’re crazy with your friends, serious with your co-workers, and sweet with your parents. Now you can share those distinct personalities with their matching audiences thanks to Hmmm, a mobile app launching today that aims to let you be yourself online, whoever that is.
Facebook friend lists and Google Circles have proven too clumsy for selective sharing. They’ve led to the rise of Path, which eliminates the decision making by creating a social micronetwork of your closest friends, but all your favorite people aren’t there, and not every post is appropriate for everyone you love. Hmmm lets you create separate avatars for each of your identities, and publish to pre-made sets of Hmmm and Facebook friends. Plus, Hmmm will soon be able to notify a friend that says they’re bored when you post that you want to see a movie.
Sol Studios just launched Hmmm at TechCrunch Disrupt New York, with an iOS app available now and an Android version coming in two weeks. → Read More
Like Milo before it, Wishpond launched in late 2010 to build a local search engine that aggregates realtime inventory and product listings from brick and mortar retail stores — from big chains to mom and pop shops. The startup has since focused its efforts on developing social commerce solutions for retailers, launching tools like Social Store, which allows any business to quickly create and deploy a storefront for their businesses on Facebook.
While Wishpond, like so many others, is looking to capitalize on the growing interest in social commerce, its solutions have really been developed as means by which to expand on its core competency: Consumer-facing product aggregation and search for retailers. And today, Wishpond is leveraging its technology for the sake of a segment underserved by but perfect for eCommerce solutions: Shopping malls. → Read More
Google got the chance to buy Twitter, but the search giant passed, says Michael Arrington. “Google hasn’t been interested in buying Twitter since they committed themselves to Google+” says Fred Wilson, Union Square Ventures founder and former Twitter board member, in his fireside chat this morning with Arrington at the TechCrunch Disrupt New York conference. [Update: To clarify, I believe Google missed the boat on buying Twitter, while Wilson simply said Google wasn't interested in such a purchase since it committed to Google+. Wilson did not make a value judgement on Google not buying Twitter, nor did he confirm that acquisition discussions ever took place.]
Now Google+ is widely seen as a ghost town, and not buying Twitter could be a mistake that haunts Mountain View for years to come. Wilson has one of the most envied portfolios in venture capital, with Union Square Ventures getting in early on Twitter, Zynga, Etsy, and Tumblr. But the future might not be as bright. “I don’t think I’m going to be very good at investing in the next big thing. I don’t come from it. I didn’t work in it. The next thing isn’t going to be evolutionary. It’s going to be something completely different.” → Read More
Facebook shares dropped more than 13 percent to $33.14 — below the company’s final $38 price in the company’s highly anticipated initial public offering last week. Today is an interesting test for Facebook’s worth because the company’s shares will no longer be supported as heavily by the IPO’s lead underwriter Morgan Stanley.
Facebook’s performance today may further stoke the debate over whether its IPO was priced well. To save face on Friday, Morgan Stanley had to step in to make sure that Facebook shares didn’t close below their opening price. There were also irregularities in trading on NASDAQ as some buyers had to wait hours to know whether their orders had been filled. The company’s market cap is now around $90.1 billion, down from the $104 billion valuation the company opened with last week. → Read More
With a wedding ring on his finger and his company public, is Mark Zuckerberg ready to make Facebook produce more profits, not just more social connections?
His fanfare-less marriage to long-time girlfriend Priscilla Chan this weekend would seem to indicate he won’t be getting too distracted by family life. But just before Facebook IPO’d on Friday, he announced on stage that “Our mission isn’t to be a public company.”
As the young CEO enters this next phase of his life, he faces perhaps his greatest challenge yet: building something that betters our lives while still bringing home the bacon. → Read More
Congratulations to Facebook for going public. Congratulations to the employees that are now millionaires. Congratulations to the founders who are now billionaires. Congratulations to the bankers, lawyers and investors who have added to their already considerable wealth. You’ve grasped the brass ring we’re all reaching for.
Yet the company that’s been created isn’t what I want from Silicon Valley. → Read More
What a week. After eight years, Mark Zuckerberg takes Facebook public at a $104 billion valuation. His longtime girlfriend Priscilla Chan gets her medical degree from the UC San Francisco. He has his 28th birthday.
And to top it all off, they get married today! Mazel tov. → Read More
Facebook’s IPO was obviously the single most discussed topic on Twitter today. The good folks over at social media data platform DataSift monitored what Twitter users were saying about the IPO throughout the day and came up with some interesting conclusions. Turns out, the ups and downs of how Twitter’s users felt about the stock pretty much mirrored the price of Facebook’s stock as the day progressed. → Read More
Just after the markets closed on its first day of public trading, Facebook amended its S-1 with a complete prospectus detailing how much stock each underwriter got to sell. Morgan Stanley, the lead-left bank, received 162.1 million shares ($6.15 billion worth) followed by J.P. Morgan with 84.8 million ($3.22 billion), and Goldman Sachs pulled down 63.1 million shares ($2.4 billion). → Read More
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