The ominous downward trend in Facebook's stock price visible on Friday continued on Monday with a substantial decline below its IPO price of $38. At the time of writing, Facebook shares were trading at $33.65, down 11.5% from the IPO price and 25% from its Friday high of $45. That works out to about $12 billion in lost market capitalization from the IPO price, and $30 billion from the Friday high. ...Read the whole story
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Facebook Acquires Social Gifting and M-Commerce Startup Karma
Facebook makes its fifth acquisition of a mobile startup this year in buying social gifting company Karma. Still lacking a clear mobile ad strategy, the company appears to be buying its way onto potential revenue models. ...Read the whole story
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sports
NASCAR Inks First-Ever Deal With Twitter
If Twitter and NASCAR go together like rubber and asphalt, it's partly because every race features every NASCAR team, so every diehard fan who can't actually be present at, say, Pocono Speedway wants the experience of being there. ...Read the whole story
Around The Net
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- Russian 'Facebook' Loses Appeal On Copyright PaidContent.org
- The Truth About Facebook Ads DigitalTrends
- Social Media Reseller Websites Favoritized For Their SEO Success OnlinePRNews
- How Social Video Could Kill YouTube Read/Write Web
- Geo-Social Marketing Platform MapsNshop Adds Facebook and Twitter... Freshnews
- Free workshop on social media tools SouthCoastToday.com
- Facebook users chat and opine about Facebook's $104 billion IPO on the social media site Medincine Hat News
- Need A Little Context On Facebook's IPO? The Social Network Made More Money Thana TechCrunch
- Facebook users chat and opine about Facebooka s $104 billion IPO on the social media site Penticton Herald
In college, one of my pals bought an 80-watt Dynaco stereo control amp kit and painstakingly built it over four months. That fall, he pulled a 0.2 GPA -- a lost semester that cost him, after figuring in his $30 savings on the amp, about two thousand 1974 dollars. I bought the identical model, pre-assembled, and listened to music while he soldered.The point of the story? One is to beware of false economies. The other is that I'm no DIY boy. ...More
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Want A DIY Kit For Social Media? Try Radio Shack
In college, one of my pals bought an 80-watt Dynaco stereo control amp kit and painstakingly built it over four months. That fall, he pulled a 0.2 GPA - a lost semester that cost him, after figuring in his $30 savings on the amp, about two thousand 1974 dollars. I bought the identical model, pre-assembled, and listened to music while he soldered.The point of the story? One is to beware of false economies. The other is that I'm no DIY boy. ...More
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Pinterest Is Turning Out Brand Advocates
Pinterest users spent an average 89 minutes on the site in January, far passing Twitter and LinkedIn, tying with Tumblr and second only to Facebook. Brands need to recognize that the power lies within the listening. ...More
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What You Got For 38 Bucks
Following the Facebook IPO launch on Friday, Experian Hitwise has provided an updated post based on US data showing the impact Facebook has online with its growth over the years. ...More
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