AllFacebook: Morgan Stanley Chairman/CEO James Gorman: '100 Percent Within Rules' For Facebook IPO
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Wednesday, May 30, 2012
Morgan Stanley Chairman/CEO James Gorman: '100 Percent Within Rules' For Facebook IPO
Speaking at a weekly strategy meeting that was webcast to employees, Morgan Stanley Chairman and Chief Executive Officer James Gorman addressed allegations of improper conduct prior to Facebook's initial public offering, saying that the company worked "100 percent within the rules." MarketWatch reported that Gorman called "speculation of nefarious activity" untrue, saying that he was not "aware of any dissent" among the underwriters and calling Facebook's plunge of nearly $10 per share... read more>>
Radio Disney Facebook App Hums Local Tunes
Facebook continues to be a wonderful world for Disney divisions, as Radio Disney has been able to tune in its application on the social network for optimum results. Since launching its app a little over one year ago, Radio Disney has added geo-targeted, local features to its national play list, with features including: Users who like Radio Disney can access a list of upcoming events for kids and families specifically in their markets. Users... read more>>
Menlo Park City Council Gives Thumbs Up To Facebook's Expansion Plans
The Menlo Park City Council voted unanimously to allow Facebook to expand its headquarters, which will allow the social network to triple its work force there, currently totaling around 2,200. The Palo Alto Daily News reported that Facebook's plans include constructing additional buildings on the nine-building, 57-acre former Sun Microsystems site, which was limited to a maximum of 3,600 employees prior to Tuesday night's vote. According to the Daily News, the social network... read more>>
Facebook Testing Instagram Icon On Photos In Mobile News Feed
Speaking of new features and tweaks, Facebook is testing a small Instagram icon in the bottom-right-hand corner of mobile news feed photos uploaded via the photo-sharing application that actually brings users out of Facebook and into Instagram. Sister blog Inside Facebook discovered the icon, saying that tapping it from the Facebook iPhone app brings users to the Instagram app and automatically loads their photo streams, while doing so from the Facebook mobile... read more>>
Facebook Adds Trending Videos To News Feed, Redesigns Trending Articles
Facebook's flurry of tweaks and new features since its initial public offering May 18 shows no signs of slowing, with the addition of a trending videos component to users' news feeds and a modification to the design of its trending articles component. The Next Web was the first to report on the trending videos section in the news feed, pointing out that while the potential new feature could be good for video... read more>>
Report: Salesforce.com Set To Acquire Facebook Ad-Management Provider Buddy Media
Facebook and social ad-management software provider Buddy Media acquired Facebook advertising developer Brighter Option and social commerce and analytics startup Spinback over the past year, but it may find itself on the other side of the table soon. AllThingsD reports that online customer-relationship-management platform Salesforce.com is nearing a deal to acquire Buddy Media for more than $800 million. Salesforce.com is no stranger to acquisitions, having scooped up Radian6 in March. According to AllThingsD, the... read more>>
FBI Wants To Access Facebook Through Back Door
If a certain federal agency has its way, three letters may be infiltrating Facebook in the near future, and they're not "LOL." Time Ideas reported that the Federal Bureau of Investigation is urging Congress to pass a law requiring social networks including Facebook to add "back doors" to their platform, which the FBI can then use to eavesdrop on conversations. According to Time Ideas, the FBI's request is part of its "Going Dark"... read more>>
Apple CEO Tim Cook Talks Facebook
Apple Chief Executive Officer Tim Cook discussed the electronics giant's relationship with Facebook at AllThingsD's D10 Conference, emphasizing one message: "Stay tuned." This is what Cook had to say about Facebook (video below): I think the relationship is very solid. We have great respect for them. I think we can do more with them. Just stay tuned. They have their way of doing things, but people could say that about us, as well. Because... read more>>
Options Trading In Facebook Shares Begins On Day Stock Reaches New Low
Facebook shares reached a new low of $28.84 apiece Tuesday, the first day that options trading was allowed. Bloomberg reported that more than 200,000 puts, which give the right to sell Facebook shares, were traded Tuesday. According to Bloomberg, June $30 puts represented the most active options contracts, with 23,723 of them traded, followed by June $34 calls and June $32 calls. $38 per share seems so far away. Matt McCormick of Bahl & Gaynor... read more>>
Report: GM Wanted To Take Over Facebook Pages
Why did General Motors pull $10 million of advertising off Facebook? According to reports, it came down to an issue of page control, meaning, GM wanted to take over an entire page with its branding, and Facebook declined. AdAge reported that the discussion took place at a meeting between GM Chief Marketing Officer Joel Ewanick, other top GM marketing executives, and sales executive from Facebook. According to AdAge, GM wanted a higher-impact presence,... read more>>
Russian Social Network VKontakte Says 'Nyet' To IPO, For Now, Following Facebook's Struggles
Russian Facebook clone VKontakte is reportedly saying "nyet" to an initial public offering for now, scared off by the issues Facebook encountered with its IPO earlier this month. Reuters reported that VKontakte Chief Executive Officer Pavel Durov announced Tuesday that his company's planned IPO was postponed indefinitely, tweeting: The IPO of FB destroyed the faith of many private investors in social networks. According to Reuters, Mail.Ru Group, which holds a 39.9 percent stake in... read more>>
AllFacebook Marketing Conference Is Only Four Weeks Away
The AllFacebook Marketing Conference is headed to San Francisco in just four short weeks. Join us June 28 to 29 and discover how to build your business and gain customers by taking advantage of Facebook's latest tools, applications, research, and advertising opportunities. Save $200 with our early bird rates when you register by June 7. The AllFacebook Marketing Conference program features more than 50 of today's most-sought-after social media thought leaders from... read more>>
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