What Will Facebook’s Perfect Storm Of An IPO Leave Behind?

calming-manatee-2The Facebook IPO was supposed to be Silicon Valley’s shining moment. It’s the book-end for the decade of recovery that followed the first wave of consumer Internet companies. It was the debutante ball for the next great Silicon Valley company, the one with the most potential to last a generation or longer.

Instead, it’s turned into a public relations disaster. If we look a little more closely though, the Facebook IPO probably has more devastating consequences for the rest of the late-stage private market than it does for the company itself.

Lees meer

How Face(.com) Recognition Could Fit Into Facebook Mobile

klik-1Face.com’s CEO has shrugged off rumors that it is being acquired by Facebook for up to $100 million when we asked. But the addition of its facial recognition tech to Facebook’s mobile apps could make sure friend tagging continues as the social network’s user base shifts away from desktops.

In fact, about 45% of users of Face.com’s app KLIK end up sharing their photos on Facebook, which shows how popular mobile facial recognition could be.

Lees meer

Facebook Users Can Now Build Mobile Friendly Applications

Facebook users and business page owners can now leverage their custom page tab apps by providing them at their fans fingertips at all times. Custom Facebook applications designed using the social media platform, ShortStack, can now be viewed via mobile devices. Currently, custom mobile content is not a native feature of Facebook, so Facebook users […]

Lees meer

The Verdict Is In: Google Did NOT Infringe On Oracle’s Patents

android-happyJust over a week ago, the jury began deliberations on the ongoing patent infringement case between Google and Oracle. After waiting in the wings, with bated breath, the verdict is finally in, as Judge William Alsup of the U.S. District Court of Northern California dismissed the jury this afternoon after a unanimous decision that ruled in favor of Google’s mobile OS — declaring that Android did not in fact infringe on the Oracle patents in question.

The decision follows an opposing verdict earlier this month, in which the jury in the long-running infringement case found that certain components of Android APIs had too close of a resemblance to code used in Oracle’s Java programming tools. However, the jury ended up splitting on the notion of whether or not Google could in fact claim fair use in its defense (which could have then led to a mistrial.)

Lees meer

Stevie Turns Your Social Feeds Into TV Shows

CelebTVScreenshotWe spend more and more time on social networks, but sometimes it can feel like work. I mean, scrolling through your news feed isn’t work work, but it’s not quite as easy as vegging out on your couch and watching TV.

That’s where a new startup called Stevie comes in, with a website launching today at Disrupt, along with mobile apps that function as remote controls. Stevie looks at content shared in your social network feeds and elsewhere on the Web, and it assembles that content into TV shows that you can watch, shows with names like The Comedy Strip, Music Non-Stop, and Celeb TV. Naturally, the shows incorporate video content that your friends have shared, but they also include things like Facebook status updates, tweets, shared headlines, and birthdays, running mostly as tickers under the video. Essentially, it’s a way to watch Facebook and Twitter on your TV.

Lees meer

CallApp Uses Social Data To Build A Smarter Smartphone Contact Book

callapp logoOne of my least favorite moments of the day comes when my iPhone rings and the number isn’t in my contact book. Is it an important call from an entrepreneur? A random PR person pitching me? Or just a telemarketer? I won’t know until I pick up.

CallApp, a startup launching today at Disrupt, wants to eliminate those awkward moments, for starters. It’s creating what CEO and co-founder Oded Volovitz calls a “universal social contact book.” It’s drawing data from social networks and other data sources to give users more context about phone calls and other communication. The data also comes from CallApp users — users can edit CallApp listings, and if they can want, they can add their contact book into the company’s general database.

Lees meer

Major Steal: King.com Poaches Talent Behind EA’s Sims Social To Lead New London Studio

catharina-malletKing.com, the European-casual-gaming-company-that-could, is cementing its ascendance on the Facebook platform by poaching one of the key producers responsible for EA’s Sims Social and opening a new game development studio in London. The company just hired Catharina Mallet away from EA to lead the new studio, which should have 40 people by year-end.

King.com, which started in Sweden and hasn’t taken outside funding since raising $43 million seven years ago, is one of two European gaming companies that have made a serious run on the Facebook platform in the last year. While Zynga has seen its revenue growth slow and other longtime Facebook developers like Crowdstar and Funzio have mostly moved onto mobile games, both King.com and Germany’s Wooga have both climbed up the developer leaderboards.

King.com has beat out EA and more recently, Wooga, for the #2 spot among game developers in terms of daily active users on Facebook, according to AppData. The number of game sessions has also blown up by tenfold to 3 billion per month, from 300 million a year ago.

Lees meer

Facebook’s Acquisition of Karma Brings Mobile Commerce, App Monetization Prowess

Facebook KarmaFacebook has just acquired mobile commerce startup Karma, which makes apps for gifting friends and family. The terms of the deal are undisclosed but 16 employees of the startup will be joining Facebook. The purchase will help Facebook build up monetization prowess on mobile platforms — an area it’s admittedly weak in. The price was not disclosed.

With the deal, Facebook gets two extremely experienced leaders in building and monetizing mobile apps. Karma’s chief executive Lee Linden and its co-founder Ben Lewis were behind Tapjoy, a company that became a huge force in distributing and making money from mobile games. Both he and Lewis were product managers at Google and Microsoft. Linden and Lewis have known each other since they were kids and have been building companies together for a couple years.

Lees meer

Facebook’s $38 Share Price Makes Instagram Deal Worth Nearly $1.2 Billion

instagram-jokeFacebook’s $38 share price would make its deal to buy Instagram worth nearly $1.2 billion, up from the roughly $1 billion price the company announced in April.

That’s a nice little bump, but the deal hasn’t gone through given regulatory reviews. On top of that, we don’t know the restrictions on the shares like when they vest or if they’re subject to a lock-up period. When Facebook agreed to buy Instagram, it said it would pay with $300 million in cash and 22,999,412 shares of stock. That stock is now worth nearly $874 million, creating a $1.17 billion price tag.

Lees meer

Everyme Adds Android, A Web App, and Instagram Integration

1Everyme, the Y Combinator-backed mobile startup that helps users create groups for private sharing, is launching a whole bunch of new stuff today.

For starters, it’s releasing apps for both Android and the Web. Co-founder Vibhu Norby says both products have the same features as the iPhone app. On the Android side, Norby says “worked really hard” to create an app that was designed for the platform, rather than just porting over the iPhone app.

Lees meer