After a white-knuckle final 20 minutes of the day, shares of Facebook managed to just keep one nostril above $38, the level where the IPO priced last night. Why did it never fall below $38? Joe Weisenthal explains that, basically, because the underwriters of the IPO (Morgan Stanley, et. al.) bid heavily right at $38 to make sure there was [...]
I just noticed this rant from my friend and attorney Paul Phillips. It’s short, sweet and right-on-target: As one who recieves many politician status updates, it is always interesting to see how each post is written. Sometimes I think they have just one person writing everyone’s posts. They always say “So proud to have (done [...]
How much (financial) room does Facebook have to grow? Matt Yglesias does the math: After all, if $205 million per quarter—$820 million per year—represents Facebook’s steady state operations then a $100 billion valuation would give the company a price/earnings ratio of over 120. That would be absurd for a mature company, but the idea would [...]
Julian Sanchez pinpoints what’s so creepy about “Girls Around Me,” a (now banned) app that used Foursquare and Facebook data to tell users about women near them: [T]he reaction to the app is substantially a result of, as Hill puts it, the “design of ‘Girls Around Me,’ consisting of Bond-style silhouettes of naked ladies dancing and posing [...]
As discussed yesterday, the online version of the Tampa Bay Times has a new commenting system. The good news is that, because each comment must be linked to a social network, the era of anonymous commenting is over. The bad news is that, in addition to the social networking requirement, that commenting system is offering [...]
Journalists can now link directly to interesting or newsworthy comments that are posted on Facebook, reports Jeff Sonderman. Each comment’s timestamp now has a permalink you can copy and share. The system has some shortcomings; the page doesn’t automatically scroll to the linked comment, and the comment is highlighted only for about a second before [...]
Move over Rahm Emanuel, there’s a new Mayor taking foursquare by storm. Tampa Mayor Bob Buckhorn is launching the most innovative use of the application by an elected official yet. By taking advantage of features like lists and tips and personally checking-in to select venues, Buckhorn is going beyond simply setting up a branded channel. [...]
Mark your calendars for an online AP Stylebook political chat with AP political editor Liz Sidoti on Monday, Nov. 21, 2:30 p.m. – Three out of ten journalism start-ups don’t have a business plan. – Member or not, visit Facebook, and it tracks you: How Facebook compiles tracking logs of Web pages you’ve visited during [...]
In honor of Veterans Day, please like the newly created FB page of the Florida House Veterans Caucus.
