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Facebook Shares Nab Biggest Gain Since IPO on Earnings, Analyst Upgrades (The Wall Street Journal)
Facebook on Wednesday posted its biggest daily stock gain since its initial public offering in May, a day after reporting strong revenue and progress on making money from mobile ads. The social network’s shares rose 19 percent to $23.23 on the Nasdaq Stock Market, its highest closing price in five weeks. Inside Facebook Facebook spent $87 million so far this year on business acquisitions not including its Instagram purchase, the company revealed in a filing with the Securities and Exchange Commission on Wednesday. The social network spent $521 million on Instagram — $300 million of which was in cash, the rest in vested shares of Class B common stock. The New York Times/Bits Blog Facebook still trails Google in online advertising, both on desktop and mobile. Analysts say that like Google, Facebook will most likely have to roll out an ad network that allows marketers to reach Facebook users wherever they are — whether they are browsing the Web or downloading a mobile application. Mashable We’re closer to seeing a widespread updated version of Facebook Messages. On Wednesday, Facebook user Interactive Swim posted a picture of the welcome note for the updated Messages which recently hit its page, indicating that the feature may be starting to roll out to additional users. Reuters U.S. Secretary of State Hillary Clinton said on Wednesday a Facebook post in which an Islamic militant group claimed credit for a recent attack on the U.S. mission in Benghazi, Libya, did not constitute hard evidence of who was responsible.
Zynga Posts Loss of $52 Million in Quarterly Earnings (ars technica)
Zynga announced Wednesday it sustained a quarterly loss of more than $52 million. Despite the sub-optimal third-quarter numbers, the company’s relatively high revenue figures (over $316 million) exceeded analysts’ low expectations (in the neighborhood of $300 million). VentureBeat The earnings come just a day after Zynga laid off 5 percent of its 3,000 employees, closing a studio in Boston, preparing closures in the United Kingdom and Japan, and slashing jobs in Austin. And Facebook noted Tuesday that Zynga’s contribution to its revenues dropped 20 percent in the third quarter. CNBC.com On a positive note, Wall Street liked what it heard on CEO Mark Pincus’ plans to make money on mobile and online gambling; the stock soared more than 10 percent after hours. The social gaming company is partnering with bwin.party to offer real-money online Poker and Casino games in the United Kingdom.
News.me Kills iOS Apps in Response to Restrictive Twitter Guidelines, Shifts Focus to Digg (The Verge)
News.me’s social news applications for iOS are no more. Until Wednesday, the app — formerly available for both iPhone and iPad — would aggregate links posted by your friends on Facebook and Twitter and reframe them in a “beautiful, news-friendly reading experience.”
Study: LinkedIn Leads in B2B Marketing for the First Time (SocialTimes)
LinkedIn is now the most commonly used social network among B2B content marketers, according to a report from the Content Marketing Institute. According to the report, 83 percent of B2B content marketers used LinkedIn to distribute it, while 80 percent use Twitter and Facebook.
Get Those iPad Mini Pre-Orders in! Analyst Predicts Initial Shortages (VentureBeat)
If you plan on buying one of Apple’s newly announce iPad mini tablets, you might not want to put off pre-ordering it. In regards to the iPad mini, Apple is relying on two main vendors — LG and AUO – for display panels, but AUO is having trouble fulfilling its orders, according to Display Search analyst Richard Shim.
Salesforce.com Sheds Radian6, Other Employees Following Buddy Media Net Losses (AllFacebook)
The acquisitions of Radian6 in 2010 and Buddy Media in June are starting to catch up with Salesforce.com. TechCrunch reported that the company amended its 8-K filing with the Securities and Exchange Commission to show $20 million in net losses for Buddy Media during the first six months of 2012.
Twitter’s Number One Gift to the World is the Art Of Brevity (TechCrunch)
Do you know what I appreciate about Twitter the most? Ushering in the notion of “brevity” for the entire Internets. Brevity is winning.
Twenty of the Internet’s Best-Known Activists Turn Out for Reddit’s Internet Freedom Forum (The Daily Dot)
On Wednesday, a mass of Internet activists climbed onto a single, enormous Reddit thread to spend the day discussing Internet freedom. The panel included Reddit co-founder Alexis Ohanian, Techdirt founder Mike Masnick and Cheezburger CEO Ben Huh. Prominent members of a number of activist organizations came, too: the ACLU, Personal Democracy Media, Public Knowledge, OpenMedia, plus five members of the Electronic Frontier Foundation.
Five Types Of Tweets That Will Get You Retweeted (AllTwitter)
Getting re-tweeted isn’t an easy task – you’ve got to offer something new and interesting to your followers, which can be difficult to do consistently. If you’re having some trouble in this area, we’ve got five types of tweets that will get you retweeted, so you can start impressing the Twitterverse with your insight.