After a long debate finally Facebook filed the S1 registration with the Security & Exchange Commission (SEC). It will make Facebook get much closer to its IPO on the stock exchange. It also means people got insight to company ownership, operations and vice versa. Besides the fantastic number of its profit with monthly 845 users, there’s a surprising fact related with a graffiti artist. David Choe now has a mutual relationship with the company.
Back in the early days of Facebook, Mark Zuckerberg, Founder & CEO of Facebook, asked artist David Choe to paint the interiors of their offices. Seemingly it isn’t a cash payment. Zuckerberg offered stock options which Choe finally deal with that. Now, Facebook is filling for an IPO and the filling potentially could value the company at $50 billion. If Choe then prefer the cash way, he would earn…equivalent to $200 million. The number making him equal with Damien Hirst as one of the richest artist and certainly the richest graffiti artist around.
According to The New York Times, Choe first got involved back in 2005 when then Facebook President Sean Parker (also of Napster fame) asked the artist to paint murals at its Palo Alto headquarter. He asked whether he wanted cash or stocks for the work, the talented artist wisely chosen stocks even when he thought Facebook would come to little success. Choe was praised he’s wise enough to keep his stock until now.
Hearings in the House of Representatives on the Stop Internet Piracy Act (SOPA) began Wednesday is sparking amongst many companies which prevent and oppose against the bill to become a law. Google, eBAy, AOL, Facebook, Yahoo, Zynga, LinkedIn, Mozilla and Twitter continue their protest against the “Stop Online Piracy Act” (SOPA) and the “PROTECT IP Act” by putting their effort by attaching an add on the New York Times. Next days earlier the tech giants sent a letter to senate which state what they stand by. “We support the bill’s stated goals,” says an open letter signed by nine Internet companies, including Google, Facebook, Twitter, Yahoo, AOL and eBay. Continue
SOPA (Stop Online Piracy Act), which was introduced last month in the House to make allegedly copyright-infringing Web sites, sometimes called “rogue” Web sites disappear from the Internet, arouses many criticisms and protests. The web community is currently in a worried upheaval over SOPA, which threatens to create an Internet blacklist that operates at the DNS level in an injudicious attempt to control piracy. Google, Facebook, Twitter, Zynga, and other giant Web companies have joined to oppose the bill. Continue
Facebook made significant changes to how it delivers your friends’ news and updates today by releasing a ticker feature and news feed format that arranges missed updates in a newspaper-style format. This time, they elected to add a “news ticker” to the top half of Facebook chat or fTalk. Similar to the News Feed, this shows every Facebook action being performed by those your friends with and pages you’re subscribed to. The new update to the site ‘splits’ news into ‘top stories’ – the company declined to explain how these are chosen for each individual – and a ‘news ticker’ that crawls up the right side of the screen, adding updates as they come in.
While the users feel this does provide some value in helping them see what the users friends are doing while browsing other Facebook pages, many are frustrated with this new feature. On Facebook’s official blog more than 7,000 users have offered comments on the new ‘update’ to the news service – there is just only 1,800 users have ‘Liked’ the service. “News Feed is awful. It’s taking me much longer now to find the news I really want, now that Facebook has decided incorrectly that some algorithm knows better than I do,” said a person on Facebook’s blog.
Facebook Timeline, Open Graph and Ticker were some of the key words and features Mark Zuckerberg introduced to the thousands of users watching online and in person at Thursday’s Facebook f8 2011 Developer Conference in San Francisco. The original Facebook had one photo, no wall, and was just the first five minutes of an introduction; this is who I am, nice to meet you. The second version, launched in 2008, was the next piece of the conversation: this is what I’ve been up to. This latest Facebook, he says, is a way to express who you are. “The next five years will be defined by the apps and the depth of engagement possible,” according to Zuckerberg.
With the new apps, Timeline, Facebbook shows a fuller view of the present and a summary view of the past. It looks like a sort of tiled scrapbook, with big photos. “This is exactly how you want to browse through time,” says Zuckerberg with his characteristic statement. Timeline beta starts now, he says. Developers can start today and others can sign up to be part of the rollout over the next few weeks. Music, movies, TV and news apps are launching now, but most apps will come later, after people start using timeline.
According to Facebook F8, Facebook F8 developer conference which the congress’s official website is held is on 22 September, at 8.30. During the meeting, the Facebook engineers and product team will deliver a keynote speech, also will be to developers and partners show some new tools to create the next generation, and provide the best example of the social experience. With the result of the meeting, Facebook has radically redesigned its profile page, launching “Timeline”. The new profile page is a new way of telling the story of a person life on a single page and will now allow users to listen to music, watch films and read news without leaving the site.
Mark Zuckerberg went into detail about his latest changes at the F8 Developer Conference in San Francisco today. He pointed the feed change’s seek at “discovering and sharing things through your friends in an easier fashion.” Moreover, there will be an integration of music services, such as Spotify and Turntable.fm, which would turn Facebook into “a primary entertainment hub” on the upcoming tweaks. With the new features and services on Facebook, Zuckerberg said that he wanted people to be able to share “their entire lives” on Facebook and have “total control” over how their content appeared online.
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