All the IPO Hype

Lets look at the chain of events that took place over this past week leading up to the launch of the Facebook IPO.

Monday, 14th May – CNBC Web Producer, Lee Brodie says that the Facebook IPO is a “sign of new revolution”.  Venture capitalist John Frankel of FF Venture Capital says that ‘the Facebook IPO is much more than a hot stock coming onto the market – it’s a meaningful sign of the times.’

Tuesday, 15th May - The world’s biggest car company General Motors has pulled $10 million USD of Facebook advertising just days before the social network begins trading on the stock exchange.

Wednesday, 16th May - Encouraged by strong market demand, social networking site Facebook has increased the price band and number of shares for the initial public offer that could garner up to USD 18 billion (up from USD 16 billion, which was earlier upped from USD 12 billion).

Thursday, 17th May – Is Facebook California’s savior? Facebook’s IPO, by some estimates, will turn a thousand of its employees into instant millionaires. So many suddenly wealthy taxpayers in California couldn’t come at a better time, especially when “The Golden State” has a growing budget deficit.

Friday, 18th May - Just hours before Facebook opened on the public market today, a group of Facebook users sued the company in a $15 billion class-action lawsuit over privacy, according to Bloomberg.

This was the working week prior to the much anticipated Facebook IPO launch (at $38), and in all this anticipation Facebookipodayclosingprice.com was born, and it predicted the closing price of the Facebook share to be as high as $54.

So we waited with bated breath to see if this was really going to happen, hoping to witness history being made.

So, what happened in the end was that the IPO opened and closed at roughly the same price.

Conclusion: Everyone added fuel to the fire, and now they say that the Facebook IPO disappointed them. Does this seem logical to you??

“Tweet” & “Social Media” Added to Merriam-Webster Dictionary

In further confirmation of social media’s penetration into the language, Merriam-Webster has added both “tweet” and “social media” to its Collegiate Dictionary.

M-W, which announced the move Thursday, is a bit late to the game.The Oxford English Dictionary just added “tweet” and “retweet,” not to mention “sext,” last week. Collins English Dictionary added “Twitter” as a verb and a noun in 2009.

M-W’s Collegiate Dictionary, added 150 words, just a few of which are tech-related. Others include “m-commerce” and “crowdsourcing.” Among the other new additions are “fist bump,” “bromance,” “cougar” (in reference to middle-aged women on the prowl) and “helicopter parent.”

This was the first time M-W added new terms since 2009. Back then, the dictionary added “vlog,” “webisode,” “flash mob” and “pdf.”

Peter Sokolowski, editor-at-large for the dictionary, says the new terms are decided upon in an informal manner. “It’s just a process of seeing a word used frequently and in many different sources,” he says, noting that inclusion in outlets like The New York Times is a big consideration.

Unveiling “The Social Network”

The “The Social Network” released on 1 October has hit the US box office, pulling $23 million in its opening weekend. Although analysts expected $25 million of business, but still the numbers are high enough for it to top the box office.

The movie which marks the history of the biggest social networking site, facebook, has received positive reviews and appreciations from critics. Metacritic, a web critic, has lauded the movie by ranking it at 97 out of 100 which is impeccable. However the movie received an initial set of criticisms on the grounds that it eliminated and manipulated certain facts to create that dramatic effect. The media and top facebook personalities painted the picture of the movie to be inaccurate and unflattering.

The movie seems to be a fine amalgamation of facts with fiction to define entrepreneurship with social relations. Its a bit of a reflection of famed documentary director Werner Herzog’s “ecstatic truth.”

That is what happened in US. The movie which is to be released elsewhere is expected to do a good business and have a great response from all the facebook fans. So how enthusiastic are you? Tell us by giving stars to “The Social Network.”

Via Mashable.

‘Catfish,’ The Facebook Documentary

We already had doubts regarding ‘Open Relationships’ and now we witness a new term , ‘Virtual Relationships.’

Social Networking sites like Facebook, Twitter, Foursquare and Linkedin have accentuated the concept of virtual bondings and relationships. But how can we say that people befriended over social networking sites are actually what they claim to be?

This popular thought is picked up by the much buzzed documentary ‘Catfish,’ which after being premiered in Sundance Film Festival in January, is making its way to be screened (selected theaters) in New York and San Francisco.

The documentary that has been shot by New Yorkers, Ariel Schuman and Henry Joost, is about the brewing friendship between Ariel’s 24 year old brother, Nev and Abby, an 8 year old girl from Michigan. They meet on facebook and Abby initiate the talk when she asks Nev’s permission for her to paint one of his captured photograph.

The series of interaction leads to exchange of messages, phone calls and eventually a tryst between Nev and Abby’s elder sister, Megan.

However, how much of the documentary is real is much debated. Still it seems charming, gluing and stimulating.

So after much hyped ‘The Social Network’ movie, how did you find Catfish trailer?

Meet ‘The Social Network’ Movie Official Website

The movie of the year, ‘The Social Network’ is all set to lift you off the ground and knock you out to the hilt in October. Columbia Pictures is out with the official movie website, 500MillionFriends.com carrying  insights to the movie. So lets take a quick look into the website.

500MillionFriends.com

The website has the familiar facebook touch to it and opens up with a large collage of photos, videos and cast information. The website also carries the new trailer to the movie.

Certain words like ‘Punk’, ‘Traitor’ and ‘Genius’ capture the screen in a self explanatory manner and not to forget the spooky background music. The music ascends with the time and hit your ears hard. Surely it is mysterious and makes you curious.

Still want to know what the movie is all about, then you can even catch the synopsis on this website.

So check out the site before you check in at a theater near you.

First poster for ‘The Social Network’ Movie

Have you ever googled ‘facebook‘ and looked at its history? Ever wondered how it came in our lives?  Well for those who did not, just sit back, relax, grab a pack of popcorn accompanied by a glass of cola and catch up with the movie adaptation on the lives of  laudable founders of the social networking website ‘facebook’.

Mark Zuckerberg created facebook in his Harvard dorm room with his friends which is now one of the most popular social networking site. “The social network” (the movie) is coming on the big screen in October this year with Jesse Eisenberg playing Mark Zuckerberg. With all gusto Columbia Pictures has just released its first official poster featuring Jesse Eisenberg  with the tagline, “You don’t get to 500 million friends without making a few enemies.” Now who cares about a few enemies when one is so successful?  A definite treat for the eyes to see great men developing the social network which now is a grandeur.

“The social network“  which is loosely based on the novel Accidental Billionaires authored by Ben Mezrich testifies to be an interesting read amid the readers. Hope it doesn’t disappoint the audience. Written by Aaron Sorkin and directed by David Fincher, The Social Network is just a perfect watch and timings couldn’t be just right when facebook is at its peak and much hyped.Thus the movie is supposed to do well and  elevated profits are anticipated.On the other hand  facebook ‘fans’ wait for ‘The Facebook movie’ (now being popular with this name) with much anticipation.

Reckon that people will surely ‘LIKE’ it.

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