Archive for the ‘$FB’ Category

Snapchat Lied. Now This.

May 30, 2014

Snapchat CEO ‘Mortified’ by Leaked Stanford Frat E-Mails

Sarah Frier writing for Bloomberg:

“Snapchat Inc. Chief Executive Officer Evan Spiegel apologized for e-mails he sent during his fraternity days that celebrated getting drunk and convincing sorority women to perform sexual acts.”

Earlier this month, Snapchat settled with the U.S. Federal Trade Commission.

Because “snaps” on its service do not disappear.

As advertised.

So, Snapchat lied and settled.

Now this.

Snapchat and its CEO are building quite a reputation.

More accurately, a reputation crisis.

To think Snapchat spurned a multibillion-dollar buyout offer from Facebook.

Perhaps Facebook got off lucky.



Twitter: @schwartznow

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Facebook’s Mind-Blowing $19 Billion Purchase

February 20, 2014

Remember: WhatsApp feeds Facebook hundreds of millions of billing accounts

Why did Facebook buy WhatsApp for $19 billion in cash and stock, a Silicon Valley record?

Caleb Garling writing for SFGate:

“There’s a tendency to dissect the acquisition by user numbers or compare WhatsApp to other messaging apps or Instagram but, to me, the value for Facebook is in WhatsApp’s hundreds of millions of billing accounts. WhatsApp charges $0.99 per year after a yearlong free trial. That is basically a zero barrier to give WhatsApp your payment info.”

The deal met with investor skepticism.

Facebook’s stock slid up to 5 percent in late trading:

Facebook stock drops on $19 billion WhatsApp deal

But back to the details.

Your payment information.

Some 450 million people worldwide use WhatsApp’s subscription service.

That’s a big entree to new users for Facebook.

And lot of new information.

How will it be used?

Facebook Home: Three More Things to Worry About

April 4, 2013

“We’re finally going to talk about that Facebook phone”

CEO Mark Zuckerberg’s unveiling of Facebook Home worries Om Malik:

It is time to ask for simple, granular and easy to understand privacy and data collection policies from Facebook, especially for mobile. We need to ask our … representatives to understand that Facebook wants to go from our desktops and browsers right into our home — the place where we need to be private.

The announcement provides three more reasons to worry about Facebook:

  1. Zuckerberg grinds forward like a fly that won’t go away. Dogged iteration is both bothersome and inspiring. His professional growth is noteworthy.
  2. Facebook Home allows even deeper data-dives into the private parts of your online shorts and knickers than ever before.
  3. Only your okay stands between Facebook’s and Zuckerberg’s plan. And you’ll probably buckle.

Bottom Line:
We give Facebook content for free … because we all want Facebook to scrape more of our data … to achieve its strategies.


Facebook stock finished more than 3 percent higher on the news.

Wall Street liked the announcement.

Public Facebook: The Story About The Story

May 18, 2012
Facebook: Social Media No Longer a Movie

The Facebook story has opened a historic chapter. The social media firm is now a public company.

Stock Chart Captures Facebook’s First “Public” Day

The public can buy or sell Facebook shares.

Facebook trades under the ticker symbol $FB.

Its debut, called an Initial Public Offering (“IPO”), did not go smoothly.

A significant technical delay frustrated traders trying to see their buy or sell orders.

The Securities and Exchange Commission will look into the technical glitch, according to reports.

Whatever was wrong got fixed. Trading of Facebook stock finally started.

Shares spiked above $42, before ending the day very close to the opening price of $38.

At last look, the number of shares traded in its public debut exceeded half-a-billion. That’s huge volume.

The business coverage of the event was extraordinary, too. Wall-to-wall, as we say in a newsroom.

Opinions vary on the stock’s behavior from here. Here’s one analysis.

What’s more important, however, is this:

You can now watch Facebook “the stock,” in addition to the movie about it and founder Mark Zuckerberg.

Simply put, a Hollywood script is no longer needed to tell Facebook’s business story.

Facebook’s performance can be tracked daily via a stock chart.

And its chart may well serve as a barometer on the health and future of social media.

Charts speak volumes about your business. Listen, interpret the story they tell.

Does your PR firm do this for you? As clients know, I do:  “I watch you…for you.”

Look in on Facebook from time to time.

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