While we throughly enjoyed gushing over Priscilla Chan's lovely Claire Pettibone wedding number, the Zuckerberg nuptials apparently did not fit the expectations of online wedding crashers who would rather see a big budget reality TV extravaganza. The New York Post, a paper not exactly known for being subtle, reveals their disappointment in Zuckerberg's ring selection today by comparing Chan's "itty-bitty" ruby to fake-married Kim Kardashian's $2 million chunk of carbon atoms:
Zuckerberg Wedding Was 'Cheap,' Says Tacky Newspaper
Shortly After Instagram Buy, Facebook Launches New Camera App
Facebook launched its fourth iPhone app today, the Facebook camera. The app is solely focused on pictures, and will allow users to upload a bunch of pics at the same time as well as edit and format. "When you launch the app, you'll see a feed of just great photos from the people you care about. You can swipe to see more of any album or tap to enlarge an individual photo," notes Facebook.
Priscilla Chan Bought Wedding Dress Under Fake Name, Saves Children's Lives
Powerful yet starved socialites, we're done with you. (Not really!) Please step aside and collect your schwag bag on the way out. We have a new obsession, and her name is PRISCILLA CHAN. Billed as the Kate Middleton of Silicon Valley, Chan was recently married to a social media CEO of some significance. He's not what's important. Chan is what's important, see. For example what, you ask? For example this: Chan's wedding dress, a charming piece designed by Claire Pettibone and deliriously yet perfectly titled "Sky Between the Branches," was purchased under a fake name in a little-known boutique in Denver, Colorado. Retailing for $4,700, comparatively cheap for wedding dresses that can run upwards of $25,000, Chan selected her own dress in lieu of having one made especially for the young newlywed.
Just Days After Rocky IPO, Investors Sue Facebook
As Facebook's stock fell just days after trading, three investors filed suit against the company today, along with underwriters Morgan Stanley and Goldman Sachs, accusing them of withholding damaging information about the social network's IPO. Wednesday's suit, according to the Wall Street Journal, claims "the changes made to Facebook's offering document, which said that mobile-user growth could slow revenue growth, didn't accurately portray the impact on Facebook's revenue growth." This information, it seems, was "selectively disclosed" in an effort to boost the IPO price while harming public stockholders. And now that said stock is tanking? Investors are livid.
Gossip Mongers Discuss Mark Zuckerberg's Marital Finances
Despite seeming relatively normal, as far as the weddings of the rich & loaded go, Mark Zuckerberg's post-IPO nuptials drew plenty of speculation about whether the Silicon Valley wunderkind strategically timed the ceremony to keep his bride out of his new billions. But that's not how weddings work in California, says one bigshot divorce lawyer who TMZ happened to have in their rolodex. As Laura Wasser explains to the gossip site:
Media Descends On Facebook's Less-Than-Stellar Second Day Trading
After closing 23 cents above its record-breaking IPO price of $38 on Friday, Facebook's stock dipped 11 to 13 percent to $33.87, at least as of early this morning. Patience will most likely prevail and the stock will grow over time. Naturally. But that didn't stop the heaps of schadenfreudian headlines and articles posted today. "Facebook stock plummets on second day of trading," screams San Jose Mercury News' headline. While Bloomberg made it sound like company CEO Mark Zuckerberg could be spare-changin' outside of Tu Lan, saying, "Mark Zuckerberg’s fortune dropped $2.2 billion as shares of Facebook Inc. (FB), the world’s largest social-networking company, fell below the company’s $38 offer price in its second day of trading."
Mark Zuckerberg Married In Surprise Backyard Wedding
Mark Zuckerberg and longtime med student girlfriend Priscilla Chan got major status updates today as the pair celebrated Zuck's becoming a bajillionaire and crashing the Nasdaq with a small, 100-person wedding in the backyard of his home in Palo Alto. And look, he even put on a tie!
Facebook Underwriters Prop Up Their Investment, Stock Closes Flat at $38.23
In the last minutes of trading today, a team of underwriters lead by fat cat brokerage house Morgan Stanley had to rush in to buy up shares of Facebook to keep their investment from dipping below the $38 share price set earlier this week.
Internet Luminaries Weigh In On Facebook IPO
It's been a couple of hours since Mark Zuckerberg pulled the fire alarm rang in Facebook's fresh new stock from Menlo Park this morning. While the media is predictably crapping their pants over this whole thing, public opinion seems to fall somewhere between "Why should I care?" and "I'll just have my broker care for me."
Mark Zuckerberg's New Facebook IPO Status Update: Listed Company On NASDAQ
OMG OMG OMG—Facebook's initial public offering is today, with sales of the social media stock going on sale at 8 a.m. PST. But founder Mark Zuckerberg and many others are becoming super rich off the $104 billion valuation. So what's left? Well, Zuck's new status update is "Listed a company on NASDAQ."
Facebook Names A Price: $38 Per Share
Facebook will unleash its historic initial public offering at $38 a share. Billed as the largest internet IPO in history, the deal should garner the social networking mammoth around "$16 billion in proceeds," and place the company at more than $100 billion value-wise. CNBC reports: "Including the overallotment (a 30-day option underwriters have to include an additional batch of shares in the deal), Facebook could raise up to $18.4 billion, which would make it the second largest IPO in U.S. history, behind only Visa, which raised $19.7 billion when it went public in 2008."
Video: Mark Zuckerberg Gets The Musical Treatment
Using snippets from RENT, Annie, Ragtime, Porgy & Bess, and a slew of other Broadway staples, CDZA created this mini musical revue dedicated to Facebook CEO Mark Zuckerberg. And you now what? It's pretty good. While Zuckerberg: The Musical! features neither a triple-threat Zuckerberg dancing and singing his way into your heart, nor a scene-stealing coke-addled Sean Parker, it is amusing nevertheless. This all comes on the heels of the social media mammoth's IPO set to go live on May 17th. Enjoy.
Steve Wozniak Would Invest In Facebook, No Matter The Price
Famed Apple engineer/cofounder and living teddy bear Steve Wozniak said that, if he does plan on buying, he would purchase coveted shares in Facebook when it goes live this week, no matter the cost. When Facebook's IPO goes live on May 17th, the company will offer 337.4 million shares to the public at $28 to $35, putting it somewhere in the $96 billion range, market value-wise. "I would invest in Facebook," Wozniak said in an interview with Bloomberg on Sunday. "I don’t care what the opening price is."
New Social Site Sets Up Facebook Threesomes For Group Action
On Tuesday, a promising new social media thingamajig will go live in San Francisco, one that set you and several of your followers or friends up on a date. It's called Grouper and it works like this: Grouper is an invite-only social club pairing up two groups of three friends (3 guys and 3 girls, or 3 guys and 3 guys, etc.) from Facebook, and sets them up for drinks at a venue around the city. They use a criteria of age, sexual orientation, educational background, and careers to screen potential matches, and the pairing can take anywhere from 3 to 4 weeks to configure. Furthermore, you should totally do this! Summer is coming and you could use more friends. And maybe even a lover.
Happy Birthday, Mark Zuckerberg!
Today in history: bajillionaire mayor of Silicon Valley Mark Zuckerberg turns 28 years old. And just days before Facebook is expected to go public.
Mark Zuckerberg Will Save California!
The messiah Mark Zuckerberg is poised to save California and its impending financial ruin. More or less. How so? Facebook will have to pay so very many millions in taxes after the initial public offering, which will go on to pay even more each year when April 15th rolls around. Zuckerberg's company could have to fork over $189 million in taxes after the IPR goes live, or so says PrivCo, which researches private companies. The approaching IPO could value Facebook at $96 billion. "The federal government will be in the money too, collecting an estimated $714 million in federal income taxes from Zuckerberg," reports NorthJersey.com.
The Chronicle Thinks Facebook Stock Could Be A Tough Sell
There's a curmudgeony piece in the Business section of the Chron today titled "Facebook must convince investors of its value" and goes on to quote one analyst who tries to compare Facebook's upcoming, mid-month IPO with those of Groupon and Zillow which have "burned" investors now that they're trading well below their IPO price. We don't claim to be stock experts, but won't people be climbing over each other to buy Facebook stock when it finally comes avilable, and isn't everyone pretty convinced of the company's value and inescapable power over us even if there has been a little backlash in the press? This ain't no Zillow we're talking about here.
Young Tech CEO Calls Facebook 'The Most Important Company Of Our Lifetime'
Darian Shirazi — a former front-end software developer for Facebook who now runs Radius, a small-to-medium business sales intelligence company located here in San Francisco — talked to Bloomberg West recently. During the interview, the young CEO called Facebook (that social media doohickey with which you may be familiar) "the most important company of our lifetime." And you know what? He's probably right. How so? Well, Shirazi goes on to point out that it's "integrated into every almost application," adding that Facebook might even be "more important than Google."
Facebook To Debut Around $30 Per Share, $80 Billion Valuation
As Zuckerberg and Company gear up for their big debutante ball, when they'll spend the next two weeks meeting with investors and shopping their stock around, the company has released an estimated price range for the stock. When shares start trading on the 17th or 18th of this month, Facebook execs expect them to go for about $28 to $35 per share. In the middle of that range, that should raise about ten Instagrams for the Menlo Park company, putting it's total value somewhere north of $80 billion.
Ladies-Only Street Brawl Erupts Over Facebook Posts
A group of more than 30 women broke into a massive street fight in Sacramento's Del Paso Heights neighborhood on Sunday, reportedly because someone involved had pre-planned and posted details about the fight on Facebook. While the suspects all bailed before police arrived on the scene, at least two women needed stitches after being hit with a baseball bat. Two other women apparently stopped mid-brawl to pop in to a nearby convenience store for beverages.
Facebook Backlash Heats Up
It's now been over two months since the announcement of the Facebook IPO, after which some kind of press backlash was inevitable. But now that they just bought Instagram last week, things have gone even more negative in the press, with one prominent piece even declaring that the time has come "to get past Facebook and invent a new future."
Instagram Wanted TWO Billion From Facebook Deal
Facebook's $1 billion acquisition of Instagram, the largest ever for the company, wasn't quite what the twentysomething cofounders of the photo-sharing site wanted. No, Kevin Systrom and Mike Krieger wanted more — $2 billion to be exact. Regarding the sale, Wall Street Journal report: "Negotiating mostly on his own, Mr. [Mark] Zuckerberg had fielded Mr. Systrom's opening number, $2 billion, and whittled it down over several meetings at Mr. Zuckerberg's $7 million five-bedroom home in Palo Alto. Later that Sunday, the two 20-somethings would agree on a sale valued at $1 billion."
Facebook Buying Instagram For $1 Billion
Writing in (where else) a status update from Palo Alto this morning, Facebook CEO Mark Zuckerberg announced his company has agreed to purchase San Francisco-based social photography app Instagram for a reported $1 billion in cash and stock. According to Zuckerberg's press release, the wildly popular iPhone app, which recently caused a stir with an Android version, won't simply be lumped in with the rest of Facebook's services, but will continue to be developed as an independent product. To quote Zuck:
Confessions Of A San Francisco Parent: I No Longer Post Pictures Of My Kids On Facebook
For a long time, I was one of those parents who posted adorable pictures and videos of my precious offspring on Facebook. On almost a daily basis, in fact. Since my entire extended family lives out of state and out of the country, it was an easy way to keep everyone in the loop. These postings were always a hit, of course. Relatives and people outside my family were liking and commenting on a regular basis. (I'm not friends with many proud kid-haters.) But then, when I realized I was becoming obsessed with the validation and, at the same time, exposing my children to people who do not deserve to have access to them, I developed a serious case of Facebook Fatigue, and immediately deactivated my account. After 24 hours of withdrawal and worry that I could miss seeing the first baby pictures from girlfriends who were about to pop, I logged back in and changed all of the security settings on my pictures (not an easy feat, mind you). And now, I no longer post pictures of my kids on Facebook.
Photo: Giant QR Code Painted On Facebook Headquarters' Rooftop
Facebook honeybees recently painted a 42 foot wide QR code on the roof of the company's new headquarters in Menlo Park. Ta-da. Laughing Squid points out, "The QR code arose when CEO Mark Zuckerberg announced a company-wide "space hackathon" for the new campus." Oh, and the QR code will direct you to fbco.de."
Israeli President Shimon Peres Visits Bay Area Today
President of Israel Shimon Peres will be in the Bay Area starting today to tour several noted technology companies and a temple to boot. Starting today, Peres will visit IBM's research and development department for a look inside the company. He'll also meet with Mark Zuckerberg at Facebook's Palo Alto headquarters tomorrow to help create his Facebook page, among other things, for his reelection bid.
Teens' Photos Stolen From Facebook, Placed On Porn Site
Over in Massachusetts, authorities are warning girls that someone is stealing their "fully-clothed" photos from Facebook and placing them on an x-rated site. The incident happened to 17 girls at Bay Path Regional Vocational Technical High School in Charlton, Mass, reports CBS. The porn site in question, possibly based in another country, was already shut down once.
Those Drunk Photos You Deleted From The Internet? Facebook Still Has Them
Facebook just doesn't know how to get over you, it seems. Three years after tech sites called out the social network for keeping copies of deleted photos on their servers, Facebook is still having a hard time permanently deleting all the old photos its users trashed in the sober light of day. Facebook originally claimed that an old photo management system wasn't properly clearing out the deleted photography, and that they've been working to improve it, but according to Ars Technica's follow-up report today photos deleted as many as three years ago could still be floating around the back corners of the Internet.
Callers On NPR Whine About How Facebook Has Ruined Their Lives
Michael Krasny took on the Facebook IPO today on Forum (a morning talk show on NPR's Bay Area affiliate), and not surprisingly, the call-in audience had A LOT to say about how Facebook has affected and ruined their lives.
Facebook IPO: Graffiti Artist David Choe Stands To Score $200 Million
When Facebook stock publicly trades later this year, scads of people will turn into billionaires and millionaires seemingly overnight. One person who stands to gain an estimated $200 million is graffiti artist David Choe, who, in lieu of payment, was given shares of Facebook after his work adorned the walls at the first Facebook headquarters back in 2005. According to Fast Company, "In 2005 Sean Parker commissioned Choe to paint more provocative art, in the form of graphic sexually-themed murals on the walls of Facebook's early Silicon Valley HQ, and in 2008 Mark Zuckerberg asked him to paint more restrained ones on the new HQ's walls."

