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Facebook Insider Peter Thiel Sells 20.1 Million Shares (USA Today)
Peter Thiel, one of Facebook’s earliest investors and a member of its board, was among the insiders selling stock in the social network after a lockup expired last week. A regulatory filing on Monday said that Thiel, a former CEO at PayPal, sold about 20 million shares of Facebook through affiliates such as his Founders Fund and other entities last week. Reuters Thiel sold his approximately $400 million worth of shares on Thursday and Friday at average prices ranging between $19.27 and $20.69 per share after the end of the first lockup, which barred early investors and insiders from selling shares following the initial public offering. The sales, in which Thiel sold roughly 20 million Facebook shares, were conducted as a result of a trading plan that he entered into on May 18, according to the filing. San Jose Mercury News A spokesman said Thiel had no comment Monday. Thiel still owns about 5.6 million shares of Facebook and remains a director of the company. CNNMoney He became a Facebook investor in 2004, when Mark Zuckerberg first set out to turn his dorm room project into a lasting business. Thiel and his associated investment funds held more than 44 million shares of Facebook when the company went public. AllFacebook Microsoft also sold 20 percent of its Facebook stock. The fallen stock price has an effect on the social network’s pending Instagram acquisition, as well. continued…
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Romney Buys #Amercia Promoted Tweets | Google+ Local Launches | Oracle CEO Loved Facebook
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Mitt Romney’s Amercia: No Laughing Matter (U.S. News & World Report)
Mitt Romney should have been doing a victory lap the day after clinching the Republican presidential nomination. But when Americans woke up Wednesday morning to a new Romney mobile app that misspelled “America” as “Amercia,” memes proliferated. The Hill With the hashtag #Amercia still trending late on Wednesday morning, users searching for the word on Twitter were also seeing a promoted tweet from the GOP nominee’s official Twitter account. Twitter’s promoted-tweets tool allows users to pay to promote individual tweets, anchoring them at the top of search results for specific keywords. MSNBC.com It didn’t take the Romney campaign staff long to send “Version 1.0.1″ of the app — which is described as having some “bug fixes” — to Apple, but the damage was already done. Twitter users went nuts, a new Tumblr blog was created, and plenty of media ridicule followed. The Daily Beast The Telegraph may have drily won the Internet with its memorable dek: “White House hopeful Mitt Romney has meticulously spelt out his vision for a better America while on the campaign trail this year. But his new mobile app did not feature the same levels of preparation.” Here are five other cringe-inducing political typos and misnomers of the recent past. USA Today As the Scripps National Spelling Bee wraps up today near Washington, we’re once again confronted with the annual question: In a world of spell check and r u there texting, does spelling even matter anymore? continued…
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Facebook App Center Coming | Brain Surgery Live-Tweeted | iPhone App for Google+ Redesigned
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Facebook is Getting its Own App Store for All Devices, All Platforms, All Prices (VentureBeat)
Facebook is launching a new App Center, “a place to find social web, desktop, and mobile apps” — and not just Facebook apps. The App Center will bring Facebook’s 900 million users all the best in iOS apps, Android apps, web apps, mobile web apps and even desktops apps. Facebook Developer Blog Many developers have been successful with in-app purchases, but to support more types of apps on Facebook.com, we will give developers the option to offer paid apps. This is a simple-to-implement payment feature that lets people pay a flat fee to use an app on Facebook.com. CNET The challenge, for a platform like Facebook, is that it has to build a store on top of other existing stores. It is especially tricky to build on top of the Apple App store, which remains the only legitimate channel for users to get apps onto iOS devices. AllThingsD Ironically, on Wednesday, the company submitted another amendment to its S-1 filing to the SEC, further outlining its weaknesses in the mobile realm. The company’s daily active users has grown fast over the past year. But the corresponding number of ads delivered isn’t matching the pace of the daily-active-user growth. CNN Money Facebook founder Mark Zuckerberg won’t be the only one collecting billions from Facebook’s initial public offering: Uncle Sam and the state of California are also poised to cash in big. Tax collectors will be taking a giant bite out of the paper millions that thousands of Facebook employees will soon gain. The average tax hit: $1.1 million per employee. continued…
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