Social Media, Startup | featured news

Let’s just agree the bubble has burst

Facebook’s post-IPO performance has been poor. But is it so poor that it will hurt the prospects for other startups? The short answer: Almost certainly.

 

With Zynga IPO Looming, CEO Mark Pincus Wants Employees To Return Stock

With Zynga IPO Looming, CEO Mark Pincus Wants Employees To Return Stock

Zynga CEO Mark Pincus wants some of the online game company's early employees to give back stock they own ahead of the company's initial public offering of stock, according to a published report Thursday. The Wall Street Journal said that Pincus, who gave out stock freely to keep top talent early on, developed "giver's remorse."

Senh: There's nothing much you can do about that. They got in early and contributed when it counted most. It's not fair to current employees of Zynga, but they're also not risking as much as the early group of people.

 

Facebook Buys Divvyshot Site

Divvyshot, a photo-sharing start-up, said it had received an offer from Facebook it couldn't refuse.

 

Major Facebook Investor Hopes to Score with Chatroulette

Major Facebook Investor Hopes to Score with Chatroulette

Digital Sky Technologies, the Russian venture capital firm that has invested $400 million in Facebook, has apparently made an offer to buy a piece of Chatroulette, the webcam network where you can chat with random strangers. According to Spiegel Online, DST made an offer to 17-year-old Andrey Ternovskiy to buy a piece of his booming website. He has yet to say yes though, as he is traveling to the U.S. to speak with American venture capitalists before taking any investment.

 

Facebook Acquires a Third Startup, Shuts it Down

Facebook appears to have made a third acquisition — this one smaller than its two previous buys. What’s more, Facebook has shut down the company’s service immediately.

 

Five Ways Startups Are Tapping Into LinkedIn’s API

This morning, professional social network LinkedIn announced that it is opening up its API for developers to build applications around the platform.

 

Digg Chief Architect Joe Stump Teams With Social Thing’s Matt Galligan To Found Crash Corp.

It must be something in the air. Spring perhaps. But when high level employees start to leave perfectly good startups before a liquidity event, there's usually something pretty important that they think they need to work on.

 

Ex-Googlers Start Up Likaholix, A Micro-Sharing Service For Personal Recommendations (200 Invite Codes)

Likaholix is a brand new web service that lets you share personal recommendations about virtually anything with the world.

 

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