If you see an increase in the number of 20-somethings driving nice cars around Palo Alto any time soon, maybe this is why: VentureBeat reported Monday that Facebook is ready to let current employees unload a fifth of their stock options, at the company's internal valuation of $4 billion. It's slated to start this fall. For early employees of the company, which was founded in a Harvard dorm room, this could mean some legit cash.
It's no surprise to anyone who reads blogs about celebrity gossip, nightlife, indie music, or pretty much any other niche of pop culture: American Apparel, the Los Angeles-based retailer infamous for bringing back the '80s aerobics look, has been named by ComScore as the top apparel outlet in the online ad world.
In other words, that means their ads, many of which feature nubile young models clad in just about nothing, are freaking everywhere on the Web.
A total of 483,389,000 American Apparel ad impressions were seen across the Web in April, reaching a whopping 48,887,… Read more
In a kulturkampf between old and new, several hundred youthful Facebook activists are increasingly under pressure from Egyptian authorities.
Earlier in the year, a group of young Egyptians used Facebook to organize support for a strike by textile workers on April 6. To put it mildly, Egypt's authoritarian government did not welcome this extension of civil society into cyberspace.
They liked it even less when the so-called 6 April Youth Movement, as they call themselves, met for the first time in late June at a Cairo gathering where they were feted by the local journalists' syndicate.
In their speeches, … Read more
Facebook might be neutral on the subject, but it is fair to say that Scrabulous was an enormous success for its business. And, while Wordscraper may have a chance of some success, the company has found something it believes could be even bigger.
"When your goal is to get long-term usage and engagement, it's hard to find new and imaginative ways to secure people's attention," said an insider.
In short, you can't just copy something that's been around for a while and has illuminated lifeless dinner parties since people started experimenting with pre-marital sex.… Read more
One of my favorite Facebook features is auto-tagging. It happened to me last night by accident and ended up being one of those very rare moments of using a product where I got a big grin on my face. The feature comes into play when the service recognizes that a photo or video upload happened around the same general time of an event you said you were planning to attend through Facebook's party planning tools. If your photo or video upload occurs within these conditions you'll be prompted to have it automatically tagged and dropped into the event'… Read more
Just because a "friend" sends you something on Facebook or MySpace doesn't mean you should trust it.
A new worm is spreading via Facebook and MySpace, turning victims' computers into zombies on a botnet, Kaspersky Lab said on Friday.
Basically, infected machines are propagating the worm by sending messages via the social networks to friends in the network.
The messages look like they contain links to video clips. When clicked on they prompt the recipient to download an executable file that purports to be the latest version of Flash Player. Instead, it is the worm itself, infecting … Read more
There's something funny about Facebook's handling of this week's Scrabulous affair.
One of the social network's most popular developer applications, as the Web well knows by now, was pulled by its creators after Scrabble parent company Hasbro filed a copyright and trademark infringement claim. The game returned several days later as Wordscraper, a redesigned and renamed game that's probably just different enough to keep Hasbro's lawyers away. And all the while, Facebook says that its only action was to forward Hasbro's complaint to the creators of Scrabulous.
What was so odd? Facebook'… Read more
Inspired by photosynthesis, MIT researchers have devised a catalyst to capture the sun's energy by unyoking hydrogen and oxygen. They're calling it a breakthrough in solar-energy storage. CNET News' Leslie Katz asks reporter Martin LaMonica to explain.
NBC is gearing up for its exclusive broadcast of the Olympic Games in Beijing, and it has teamed up with Microsoft's Silverlight for online video viewing.
Also, Scrabulous' creators have made a new word game for Facebook that bears even less resemblance to Hasbro's Scrabble.Listen now: Download today's podcast
Recent rumors of Intel employees signing up for Facebook accounts en masse might not have been totally unfounded: Facebook has chosen to use Intel's Xeon 5400 processor-based servers to deal with its hardware and software demands. Additionally, the two companies have signed an agreement so that Intel can continue to assess how Facebook can stay stable and improve performance.
Facebook will have "thousands" of Xeon servers, a release said.
It's not an earth-shattering announcement by any means, but Intel's pretty psyched. "Intel is excited to engage with Facebook as they are a dynamic force … Read more
In the high school cafeteria of Facebook apps, Scrabulous is like that girl who gets in trouble for showing too much skin, only to throw on a hoodie and be let back into the principal's good graces. Sort of. The game has effectively returned, but with a redesigned board, a few original play options, a different points tabulation system, and a new name, Wordscraper.
Props to Adam Ostrow of Mashable for picking up on this one early.