When Facebook confirmed widespread blog rumors that it would be making a major advertising announcement on November 6, a few people pointed out that this date may have been a strategic one. The previous day, November 5, had been widely rumored as the day when Google would leverage its Orkut social network along with a host of other software properties (Google Reader, perhaps, or new acquisition Jaiku) into a powerful social networking tool to rival Facebook's.
The fireworks have faded, the champagne has been uncorked and drunk, and now it's time to get down to business: Now that Microsoft has acquired a $240 million stake in Facebook to expand its advertising partnership, how is either company going to profit from the deal?
"That's the question that has surrounded social networks for the past few years," said Debbie Williamson, an analyst at eMarketer. "Right now, a lot of (the revenue) is from old-fashioned banner advertising that's not very targeted, it's inexpensive, and very plentiful."
The common wisdom is that … Read more
Looks like the "$240 million poke"--also known as the high-profile stake in Facebook that Microsoft acquired on Wednesday--may not have been the only deal-making. Forbes' Elizabeth Corcoran posted a quick blog entry saying that she'd heard two New York-based hedge funds had each handed over about $250 million to the cash-fueled social network. The Silicon Alley Insider notes that this makes sense, as rumors had pointed to a $750 million goal for the financing round in the first place.
Facebook representatives declined to comment on the matter.
Looks like every social-media-obsessed blogger's predictions have been correct: the Facebook news just won't stop flowing out of Palo Alto, Calif. And it's still coming.
On Wednesday morning, some inconvenient blogger leaks led the company to admit that it will be making a major, advertising-related announcement in New York on November 6. Then, at the CTIA Wireless conference, Facebook co-founder Dustin Moskowitz not only announced a BlackBerry-friendly version of Facebook's mobile platform, he also said that developers using the Facebook Platform are now welcome to extend their applications to the mobile realm.
Now, some dirt-digging by … Read more
Answer: Most likely.
Valleywag first heard the news when a keynote speaker at a Vancouver-area "Facebook Developer Garage" event on Tuesday had to cancel in advance because he learned that he had to be present for a company all-hands meeting that day. The gossip blog promptly speculated that something rather big might be on the way very soon.
To do some investigation, I promptly checked my Facebook friends list to see if any company employees who have kindly "friended" me had anything incriminating in their "status" messages. I won't quote them directly, nor … Read more
It hasn't been a rumor for a couple weeks now, but today the announcement came from Sprint on the release of the LG Rumor. (There's one name we really don't get).
Based vaguely on the earlier LG F9200, the Rumor has a slider design that hides a full QWERTY keyboard. You can get it in an eye-catching blue-and-black color scheme, pictured here, or a more pedestrian silver. The feature set isn't too shabby. It includes Bluetooth, a media player, a 1.3-megapixel camera, Sprint Navigation, integrated access to Facebook and Xanga, a 4GB capacity MicroSD card … Read more
Rumors started flying on Thursday morning that CBS had picked up celebrity gossip site Dotspotter for somewhere in the neighborhood of $10 million. Valleywag reported the dirt first, and the strictly-business PaidContent said that industry sources had confirmed it.
Dotspotter has not yet responded to a request for comment.
CBS' interactive division, headed by Valley veteran Quincy Smith, has been acquisition-happy in recent months, snapping up social music site Last.fm and finance video blog Wallstrip. It's not yet clear whether Dotspotter--or CBS' other digital acquisitions, for that matter--will remain standalone or ultimately be integrated into the media company'… Read more
Tech gossip blog Valleywag is attempting to counter the TechCrunch-spawned rumor that MySpace.com will be following in Facebook's footsteps and opening up its site to developers.
Sources in touch with the Gawker Media-owned blog allegedly said that MySpace is indeed brewing a developer platform strategy and that the News Corp.-owned social networking site will be making an announcement at next week's Web 2.0 Conference in San Francisco--but the two are unrelated.
On Tuesday morning, tech gossip blog Valleywag posted a rumor that TechCrunch's small blog network might not be doing quite as well as its parent brand: Valleywag editor Owen Thomas said that gadget blog CrunchGear had made significant pay cuts and that at least one blogger had been fired. In a message to Valleywag, CrunchGear editor John Biggs attempted to clear the air, saying that some writers are "on hiatus" while the gadget blog works out its new ad sales program and transitions from a per-post model to a monthly salary.
Some blogging insiders, CNET News.com … Read more
Have you gotten sick of the word "platform" yet? Sorry.
According to a post on TechCrunch, MySpace.com is planning to follow in Facebook's footsteps and open up a set of application program interfaces (APIs) so that developers can create "MySpace apps" in the vein of Facebook apps.
TechCrunch's Michael Arrington, who apparently got the details from developers who have been consulted on the project, wrote that we may be seeing this as early as next week--potentially at the Web 2.0 Conference in San Francisco.
More specifically, this is allegedly going to be … Read more