Looks like Facebook CEO Mark Zuckerberg is suffering from a bit of Freudian MySpace Envy. Now that the rival social network has launched what MySpace CEO Chris Wolfe likes to describe as “a mega-music experience,” Facebook is said to be looking for a foothold in the digital music business as well.
Microsoft must be so proud. The company’s $240 million investment in Facebook, one that implicitly valued the social network at $15 billion, hasn’t yet paid off. But it will. In three years or so when Facebook finally settles on a business model. Assuming, of course, it’s a viable one.
Facebook manager Justin Rosenstein once described the social network as “the Google of yesterday, the Microsoft of long ago.” Today, Rosenstein perhaps views it as the Facebook of So Totally Last Week, because he’s leaving the company, along with departing Facebook co-founder Dustin Moskovitz.
Facebook’s virtual gift market is no longer a novelty so much as a secondary revenue stream. Lightspeed Venture Partners estimates that the social network’s digital goods business is worth about $35 million a year.
So much for “growth over profits,” or should I say “growth over as-of-yet-unrevealed meaningful profits”? Word on the street has it that Facebook is considering a program that would allow employees to sell up to 20 percent of their vested shares.
According to popular legend, Facebook founder Mark Zuckerberg once kept two versions of his business card in his wallet–one with the title CEO, the other with “I’M CEO . . . BITCH.” Seems that before Facebook became the de facto platform of the “attention economy,” it was a platform for the attention-starved.
I wish I knew.”
–Facebook CEO Mark Zuckerberg on when we’ll see a Facebook payments platform
Looks like Facebook has finally gotten around to addressing the issue of the intrusive third-party applications so prevalent in its ecosystem. “We haven’t done enough to reward Facebook’s good citizens,” Facebook CEO Mark Zuckerberg said during his f8 keynote address Wednesday.
“The majority of good applications will soon come from outside Facebook, not within it.” This according to Facebook CEO Mark Zuckerberg who announced the social network’s new “Connect” service at the company’s f8 conference today.
At precisely 1:35 p.m. Pacific time, Facebook CEO Mark Zuckerberg, the guy “Rolling Stone” once described as a “Nietzschean superdork,” takes the stage and begins his address with a simple, unassuming “hey, guys.”
BoomTown was right, Facebook has scored itself a “golden geek.” TechCrunch reports that Netscape/Opsware/Ning founder Marc Andreessen will join Accel Partners’ Jim Breyer, Founders Fund’s Peter Thiel and, of course, founder Mark Zuckerberg on Facebook’s board of directors.
If Microsoft is buying, Facebook ain’t selling. Commenting on rumors that Microsoft may soon acquire the 98.4% of the social networking phenom that it doesn’t yet own, Facebook CEO Mark Zuckerberg said he’d prefer to keep things as they are now.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
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