Image Credit: Charles Eshelman/FilmMagic
There are few things more satisfying than being the very best in the world at something. And in the go-go modern age, it’s possible to become the world champion of something that didn’t even exist a few years ago. (I’m convinced that the vast majority of iPad games were built by people who just wanted to enter their initials in their games’ Global Ten List.) Today, Lady Gaga reaffirmed her status as the World’s Most Followed Tweeter by crossing the 25 million threshold. That’s about 2.5 million more than her closest competitor, Canadian superteen and greaser Boyfriend Justin Bieber.
“#25milliontweetymonsters wow! I’m officially feeling like the luckiest girl in the world today. Last sold out show in Singapore in 2 hrs!” tweeted the world’s most popular drama geek. In no time at all, the pop star was refocused on her usual blend of observational comedy. “Can you believe that freakin bird is still outside my room whistling! I feel like he’s auditioning,” tweeted Gaga. Just to provide some context, 2 million people watched Mad Men on Sunday, 20 million people watched the American Idol finale, and 25 million people know that there is a bird chirping outside of Lady Gaga’s Singapore hotel room.
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Lady Gaga, Oprah Winfrey launch Born This Way Foundation at Harvard
Lady Gaga before she was famous: See the shockingly normal photos
Lady Gaga’s Born This Way Foundation to launch this month, with the support of Oprah
Article source: http://popwatch.ew.com/2012/05/31/lady-gaga-twitter-25-million/
The internet erupted in protest Wednesday over Mayor Bloomberg’s plan to ban large sugary beverages in New York.
Yes, a few Nanny State sympathizers chimed in to support the proposal (see: Alec Baldwin), but the majority of Twitter users sounded off in anger, telling the mayor to lay off their right to guzzle down gallons of grape soda.
The plan is just the latest in Nanny Bloomberg’s health initiatives, which include his many anti-smoking measures, and his campaign to reduce salt intake and the consumption of transfats.
As The New York Times notes, the soda ban is most likely to become a reality because the proposal requires the approval of the Board of Health, and all members have been handpicked by Nanny Bloomberg himself!
Click below to see reactions to Bloomberg’s soda crusade below:
David G. Greenfield
Fox News Opinion
Article source: http://www.huffingtonpost.com/2012/05/31/new-york-soda-ban-twitter_n_1560004.html
(CNN) — With all the Facebook news lately — the flat IPO, the regulatory interest, the Chan-Zuckerberg wedding — it’s highly possibly you’ve forgotten all about Twitter.
If so, you’d be like most Americans.
Only 8% of online Americans check their Twitter feeds on an average day, according to survey results released Thursday by the Pew Center for Internet American Life.
That’s up from 2% in November 2010 and 5% in August, the group says, but it’s nowhere near the numbers Pew tallies when it asks about online social networks in general. In February, the group asked Americans if they “use social networking sites like Facebook, LinkedIn or Google Plus.” Sixty-six percent said yes.
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That’s not an apples-to-apples comparison, since the questions were asked in different ways and since Pew didn’t ask about just Facebook specifically. But it’s fair to assume the vast majority of those respondents use Facebook, or Facebook in combination with some other social networks, said Aaron Smith, a senior research specialist at Pew.
That means Facebook appears to be reaching a much broader chunk of the population.
Perhaps confusingly, Twitter continues to make news for other reasons than popularity. The service was recently the basis for live question-answer-sessions with the U.S. president; it played a role in coordinating protests during the Arab Spring; and a Pakistani man inadvertently alerted the world to last year’s raid that killed Osama bin Laden when he live tweeted it. It’s also given consumers, including famous people such as director Kevin Smith, a way to complain about poor customer service. And it can create conversations between wildly different groups of people: Witness this exchange between Canadian rapper Drake and the billionaire oil tycoon T. Boone Pickens.
A Forbes writer described the dichotomy — that Twitter seems essential to some forms of communication but, apparently, isn’t all that mainstream — in this way:
“Twitter is growing in all sorts of ways: in the number of tweets sent per day, in the ad revenue it’s taking in, in the number of celebrities and brands using it in ways they quickly come to regret. But in terms of the overall proportion of the population engaging with the social messaging service, it might be in a bit of a lull.”
User numbers also tell the story of Facebook’s rise and Twitter’s relative stagnation.
Facebook says it has 901 million active users at this point, and the site is widely expected to cross the 1 billion mark this year. Twitter, meanwhile, says it has 140 million monthly active users. The site went through meteoric growth in its early years. But it’s been six years since Twitter launched, and by some metrics that growth appears to have slowed.
Unsurprisingly, a Twitter spokesperson saw things differently.
“Growth is extremely strong. We announced that we have more than 140 million active users in March. The previous number we shared was 100 million active users just last September,” Carolyn Penner told CNN in an e-mail.
“To add to that, it took us 3 years, 2 months and 1 day to reach 1 billion Tweets. Now, we see more than 1 billion Tweets every 3 days.”
In its survey, conducted in two chunks between January and April, Pew found that the percentage of online Americans who use Twitter has leveled off. Only 15% of online adults in February said they used Twitter — and that’s “similar to” the 13% who said they used the micro-blogging platform in May 2011, according to Pew’s report.
While the overall popularity of Twitter may be about the same, the subset of people who use Twitter frequently appears to be growing, according to the report.
“The proportion of online adults who use Twitter on a typical day has doubled since May 2011 and has quadrupled since late 2010,” Pew writes.
So it would appear that Twitter does matter quite a lot for some people. Smith, the Pew researcher, said in a phone interview that much of the growth in Twitter is driven by younger people who use the mobile Web or apps to access Twitter’s services.
It’s part of the trend of “constant access” to data, which “really pulls people more deeply into the (technological) tools they use,” he said.
And maybe that’s the trend to underscore, rather than pitting social networks at each other. Some tech pundits argue Facebook and Twitter serve very different purposes — with Twitter becoming more of a news feed and Facebook becoming an online hub for friendships.
What do you think? Is Twitter falling behind? Or, at a time when the network is democratizing the spread of information, at least for some people, does Twitter still have an important role to play on the Internet?
If you’re part of the elite, Twitter-addicted 8%, we’ll await your responses on Twitter. And if not, CNN Tech also has a Facebook page.
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Article source: http://www.cnn.com/2012/05/31/tech/web/twitter-pew-report/index.html
Facebook Inc. (FB) (FB) led U.S. initial public
offerings to their worst monthly performance since Lehman
Brothers Holdings Inc. collapsed, as Europe’s debt crisis
scuttled IPO plans from New York to Hong Kong.
The Bloomberg IPO Index (BIPO), which tracks U.S. equities in the
first year after their IPOs, sank 15 percent last month, with
Facebook posting the worst one-week performance among the 30
largest U.S. IPOs since 2011. The IPO index’s decline is in line
with the drop in October 2008, the month after Lehman’s
bankruptcy triggered the worst financial crisis since the Great
Kayak Software Corp. and Russian social-networking company
VKontakte shelved listings this week, while Graff Diamonds (1306) Corp.
delayed a Hong Kong sale and the Formula One auto-racing series
said its Singapore IPO may not occur until later this year.
Facebook’s 22 percent slump since going public has shaken
investors already reeling from tumbling equity markets and the
slumping European economy, said Jeffrey Sica of Sica Wealth
“We’ve reached a breaking point where sentiment is so
negative and scrutiny is so high that companies don’t want to go
public and investors aren’t prepared to look at them,” said
Sica, who oversees more than $1 billion as chief investment
officer of the Morristown, New Jersey-based firm. “You’re
talking about long-standing damage to the psyche of companies
wanting to go public and investors.”
At least 13 IPOs have been withdrawn or postponed globally
since Facebook’s May 17 offering, slowing a market for deals
that’s struggled to keep momentum as U.S. stock values have
failed to recover to levels before the financial crisis. There
have been 192 IPOs globally since the beginning of April,
putting this quarter on pace to be the slowest since 177 initial
offers were completed in the three months through September
2009, Bloomberg data show.
Facebook completed the biggest technology IPO on record
just as offerings were drying up, and has since lost more than
$20 billion in market value. No other companies have completed
or set pricing terms for U.S. IPOs since the Menlo Park,
California-based social-networking company raised $16 billion.
Laser hair-removal company Tria Beauty Inc. (TRIA) (TRIA), computer-
memory component maker Corsair Components Inc. (CRSR) (CRSR) and CyOptics
Inc. (CYOP) (CYOP), a network technology provider, have all postponed or
withdrawn U.S. IPOs in the wake of Facebook. Kayak, the Norwalk,
Connecticut-based online travel service, was scheduled to begin
its IPO roadshow last week and postponed following Facebook’s
drop, according to a person close to the situation.
The measure of U.S. stocks volatility known as the VIX (VIX) rose
to 25.1 on May 18, the highest level this year. Investors won’t
warm to IPOs until the market steadies, said Silvercrest Asset
Management Group’s Stanley Nabi.
“It’s going to be very difficult until this market has a
track record of rising on a consistent basis for several
months,” said Nabi, who helps oversee more than $10 billion as
vice chairman at the New York-based firm. “When psychology
improves, that’s when you’ll see new issues coming into the
market. The door is essentially shut in the short and
Concerns that global economic growth is slowing and Greece
may leave the euro area have sent the Standard Poor’s 500
Index (SPX) down 6.3 percent last month, the most since September. The
sagging confidence is also plaguing offerings in other markets.
Formula One Chief Executive Officer Bernie Ecclestone said
recently that Formula One could complete its initial share sale
in Singapore by the end of the second quarter. Yesterday, he
said the offering may have to wait, partly because of volatile
equity markets. The Chicago Board Options Exchange Volatility
Index rose 40 percent in May, the largest monthly gain since
London-based jeweler Graff Diamonds also suspended its $1
billion IPO in Hong Kong, citing “consistently declining stock
VKontakte founder Pavel Durov said May 29 that Russia’s
largest social-networking website would postpone its IPO
indefinitely. The company had revisited plans for a sale
initially following Facebook’s IPO, people with knowledge of the
discussions said last month.
Facebook’s IPO price indicated a market value of 107 times
trailing 12-month earnings, more than all but two companies in
the SP 500 at the time of the offering, according to data
compiled by Bloomberg. Technology companies seeking high
valuations in initial sales will need to “come down to earth”
to attract investors after Facebook’s post-IPO decline, said
Nabi, who says he didn’t advise clients to subscribe to the IPO.
“Offerings coming out at insane valuations, in the hope
that fast growth will bail them out, are irrational,” Nabi
said. “People are realizing it.”
To contact the reporter on this story:
Lee Spears in New York at
To contact the editors responsible for this story:
Katherine Snyder at
Daniel Hauck at
Article source: http://www.businessweek.com/news/2012-05-31/facebook-fiasco-coupled-with-european-crunch-freezes-ipo-plans?r=bloomberg
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Article source: http://www.washingtonpost.com/business/technology/facebooks-ipo-letdown-causes-others-to-rethink-plans/2012/05/31/gJQAhSS34U_story.html
Morgan Stanley CEO James Gorman says “there are lot of opinions” on the Facebook IPO now that the offering is complete.
NEW YORK (CNNMoney) — The way Morgan Stanley’s CEO sees it, the Facebook IPO debacle has spawned a whole lot of Monday morning quarterbacks. And he doesn’t like it one bit.
James Gorman appeared on CNBC with reporter Maria Bartiromo on Thursday to defend Morgan Stanley’s role as lead underwriter in Facebook’s initial public offering on May 18.
“Who knew there would be so much to talk about this time?” Gorman said dryly to Bartiromo, who visits the Morgan Stanley (MS, Fortune 500) trading desk once a year.
Bartiromo started by asking Gorman to respond to a clip of analyst Peter Cohen of Cowen Group making comments that, as she put it, “demonstrate widespread sentiments.”
Cohen take on the Facebook (FB) IPO: “I’ve never in 43 years seen something so bollocksed up.”
Gorman laughed a little and replied, “It’s interesting: If we ran the tape from the week before, it was, ‘Should this be priced at $50 [instead of the $38 per-share IPO price]?”
He added: “There are lot of opinions. It’s very different being in the room and understanding what the demand was at that point in time.”
Gorman wouldn’t say that demand “dried up,” as Bartiromo put it, but noted that “this is a complicated story.”
“It was one of the most volatile openings to an IPO ever,” Gorman added. “It’s also one of the largest, and [a company] that touches 900 million users. It’s got hype in every direction.”
Trading issues: Gorman quickly put the blame on Nasdaq, the tech-heavy stock exchange on which Facebook trades.
Facebook had been expected to open around 11 a.m. on that Friday, but it instead began trading a half-hour later. The following Monday, Nasdaq released a mea culpa explaining that the delay was due to a technical error — which also led to some trades not executing correctly. Nasdaq is still untangling the fallout.
“Over the next couple of hours [after trading began], there was confusion and disarray,” Gorman said. “Some people who thought they sold at $42 sold at $41. That confusion, in a deal of almost unprecedented size against a [difficult] macroeconomic backdrop … created a potent elixir that set this aflame.”
Bartiromo protested: “We all knew there was enormous hype.” She asked Gorman what he would say to an individual investor who got burned.
“The group of people who bought the stock … so they’d get an enormous pop were naïve,” Gorman said. Investing for the short-term is risky, he added.
Facebook’s stock ended close to flat in its debut, and it brushed near the $38 IPO price many times during the day. It never fell below that level, leading market watchers to assume that the underwriters were buying shares to keep the price above water.
Since then, Facebook shares have fallen more than 23%. They ended trading Thursday at $29.60.
‘The story’s not over’: On May 23, a group of Facebook shareholders filed a lawsuit against Facebook, Morgan Stanley and other banks alleging that important information about Facebook’s financial outlook was “selectively disclosed” to big banks ahead of the IPO.
The information involved specifics about Facebook’s mobile revenue problems, which the company did previously disclose — in less specific ways — in an amendment to its S-1 paperwork for its IPO.
Morgan Stanley has insisted that it followed “the same procedures for the Facebook offering that it follows for all IPOs.” Gorman didn’t elaborate much on that point in the Thursday interview.
“There was no nefarious activity. There wasn’t any desire to obfuscate or hide [information],” Gorman said, though he acknowledged that several regulatory bodies are looking into the allegations.
Toward the end of the interview, Gorman called Facebook “an American celebration. It’s a phenomenon in itself.”
That hype is contributing to volatility in the stock, and could abate with time, he said.
“The story isn’t over. It’s only been a little bit of time,” Gorman said. “There was more hype going into this than any security ever traded. We all need to settle down, and get back to the fundamentals of ‘what is this great company doing?’”
Article source: http://money.cnn.com/2012/05/31/technology/morgan-stanley-facebook-ipo/index.htm
ANDOVER, Mass., May 31, 2012 /PRNewswire via COMTEX/ –
Enterasys Networks, a Siemens Enterprise Communications Company, today launched an interactive Twitter chat series entitled “Enterasys Explores,” where industry experts will explore the key IT issues facing an array of vertical industries, including K-12, higher education and healthcare environments. The first of this series “#ETShighed” will be conducted on June 6th with Phil Komarny, CIO and VP for IT at Seton Hill University and Vala Afshar, Chief Customer Officer, Enterasys. Phil and Vala will lead a discussion on how IT can bring control to increasingly prevalent bring-your-own-device (BYOD) environments on university campuses.
A twitter chat is a pre-arranged chat that happens on Twitter through the use of predefined hashtags to link those tweets together in a virtual conversation. In the first of its forthcoming Enterasys Explores series of Twitter chats, Seton Hill will focus on how to successfully deploy BYOD policies and best practices on a university campus.
WHAT: “Controlling the Chaos in BYOD Deployments in Higher Education” with participants:
Phil Komarny, CIO and VP for IT at Seton Hill University, @PhilKomarny: Phil has served as the institutional catalyst in initiatives which have positioned Seton Hill University as a leader in strengthening learning through the use of mobile technology. With Komarny’s leadership, Seton Hill is working to transform the way faculty teach and the way students learn by adopting the mobile services which the university provides.
Vala Afshar, Chief Customer Officer, Enterasys Networks, @ValaAfshar: Vala is responsible for Enterasys Networks’ worldwide services operations and technical support functions including contact center operations, field engineering, support engineering and infrastructure technologies. Enterasys’ strong technical service and support capabilities are recognized globally by customers, partners and industry analysts as a true company differentiator.
Who How: IT managers, network managers, CIOs, users, and anyone with questions that relate to the topic are invited to contribute, follow along, or submit questions to be answered simply by assigning the hashtag #ETShighed into the tweet. Participants can find details about Enterasys’ Twitter chat series here.
WHEN: 11 a.m. EDT, Wednesday, June 6th.
About Enterasys Networks and Siemens Enterprise Communications Siemens Enterprise Communications is a premier provider of end-to-end enterprise communications, including voice, network infrastructure and security solutions that use open, standards-based unified communications and business applications for a seamless collaboration experience. This award-winning “Open Communications” approach enables organizations to improve productivity and reduce costs through easy-to-deploy solutions that work within existing IT environments, delivering operational efficiencies. It is the foundation for the company’s OpenPath® commitment that enables customers to mitigate risk and cost-effectively adopt unified communications. Jointly owned by The Gores Group and Siemens AG, Siemens Enterprise Communications includes Cycos and Enterasys Networks. For more information about Siemens Enterprise Communications or Enterasys please visit
Contact: Amy Martin Amanda Jones
Enterasys Networks Connect Public Relations
+1 408.492.2785 +1 801.373.7888
SOURCE Enterasys Networks
Copyright (C) 2012 PR Newswire. All rights reserved
Article source: http://www.marketwatch.com/story/enterasys-to-host-twitter-chat-series-on-advanced-it-and-networking-topics-2012-05-31
Image via CrunchBase
Twitter is growing in all sorts of ways: in the number of tweets sent per day, in the ad revenue it’s taking in, in the number of celebrities and brands using it in ways they quickly come to regret.
But in terms of the overall proportion of the population engaging with the social messenging service, it might be in a bit of a lull. In a new report, the Pew Internet and American Life Project says that, as of February 2012, 15% of adults who are online use Twitter. That proportion is “similar” to the 13% who were using the service the last time Pew asked the question, in May 2011.
But while “[o]verall Twitter adoption remains steady,” according to Pew, usage is growing in other ways. Existing users are engaging more often, with the proportion who say they use it daily doubling from 4% last May to 8% last February. And adoption in the youngest demographic is accelerating, with 31% of adults age 18 to 24 now using Twitter, up from 18% last May.
Still, with the company moving toward a rumored IPO, analysts will be watching closely for any signs of moderating growth, especially with all the difficulties around the Facebook offering. Those looking to compare Twitter unfavorably to Facebook can find ample ammunition.
Pew doesn’t ask survey respondents about Facebook usage specifically, but given its dominance, the questions it does ask about overall use of social media services provide a “pretty good proxy” for Facebook, says Aaron Smith, senior research specialist.
Facebook launched in February 2004, making a little more than two years older than Twitter. By the time it was six years old, as Twitter is now, its penetration had already surpassed 50%, as this chart shows.
Source: Pew Internet and American Life Project
A temporary flattening of Twitter’s adoption curve wouldn’t necessarily rule out a Facebook-like future, says Smith. Overall adoption of social networks (ie. Facebook) “went in fits and starts” until 2009, when it really exploded.
Still, he adds, “obviously, just looking at the user numbers, Facebook has had a growth rate that’s unique by all sorts of standards.”
On the face of it, Pew’s survey findings don’t seem to agree with usage numbers Twitter has announced. The company has said its number of active users — its preferred metric — ballooned 40% between September 2011 and March 2012, and now stands at over 140 million. I’ve reached out to Twitter PR for comment on Pew’s numbers and will update this post if I hear back.
Article source: http://www.forbes.com/sites/jeffbercovici/2012/05/31/is-twitters-user-growth-slowing-down-already/
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Article source: http://www.washingtonpost.com/sports/british-swimmer-rebecca-adlington-to-give-up-twitter-during-olympics-to-avoid-abuse/2012/05/31/gJQAN2O73U_story.html
I’m not sure how many times Mark Zuckerberg met Steve Jobs, but he needs to lock himself in a dark room, turn on some introspective tunes and channel what the greatest entrepreneur of our time was all about. Facebook‘s (FB) life depends on it.
As rumors of a Facebook smartphone resurface, Zuckerberg risks reacting to two interrelated forces.
TheStreet’s Marek Fuchs labels the first the “Media’s Revenge Reflex.” Simply put, the media turns on people, companies, its own flesh and blood — you name it — on a dime. It transitioned from “Facebook is all good” to “Facebook is evil” mode in an instant.
Second, Zuckerberg, the entrepreneur, needs to stop listening to mere mortal pundits, critics and investors. The whole lot equals little more than an inconsistent gaggle of armchair executives. You cannot even waste the word entrepreneur on them because most have probably never created a thing. And certainly nothing even close to what Zuckerberg built from a dorm room littered with empty beer cans and sweaty gym socks (that last part is unconfirmed).
It seems that Zuckerberg, at any moment, could go the way of Tim Cook at Apple (AAPL).
Reacting and, worse yet, responding to non-issues. Trying to appease shareholders and investors. Listening to what intellectually inferior beings outside of his inner circle have to say. It’s these things that render great companies good . . . or worse.
Facebook does not need to produce a smartphone or even attach its name to an existing device. I hope Zuckerberg is not actually considering entrance into the hardware game at any level. There’s no need for it.
A Facebook smartphone is an unfortunate reaction to two memes: One, Facebook needs to have control over the platform over which mobile users access it; otherwise, it’s just an app. Two, Facebook will have trouble monetizing mobile users.
What a bunch of self-important crap from the know-next-to-nothing peanut gallery.
I am not sure how its own smartphone could possibly change the pseudo-problem of Facebook not controlling mobile platforms. Would a Facebook phone include nothing other than a Facebook app? I hope not. Because it will fail even more miserably than a Facebook phone loaded with every app available.
Very few people will give up an existing smartphone, buy their first or purchase a second one to access Facebook and Facebook only. About a dozen more than a few will pony up for a Facebook smartphone that includes more than Facebook. It’s not just a bad idea; it’s absolutely pointless. It will solve a problem that does not actually exist.
Facebook should pour its resources into two areas: Making the user experience — on all platforms, but particularly via mobile — the best it can possibly be and buying up companies and creating features that help build out its network.
Article source: http://www.forbes.com/sites/thestreet/2012/05/31/facebook-must-become-what-apple-used-to-be/
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