Social Media Newsfeed: Nasdaq Fined Over Facebook IPO | Gmail Changes

By Tim Sohn 

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FacebookNasdaq is Fined $10 Million Over Facebook IPO (The New York Times/Dealbook)
Nasdaq’s parent company will pay the largest fine ever levied against an exchange for “poor systems and decision making” both before and after the bungled Facebook initial public offering. The confusion on the morning of May 18, 2012, had been caused by errors in Nasdaq’s computer programming, but executives at the exchange decided to ignore the request for a break and proceed with trading, leading to mounting confusion. USA Today Still, the $10 million fine amounts to just 3 percent of the $352 million earned by Nasdaq’s parent, Nasdaq OMX Group, in 2012. But that’s just one of a string of missteps associated with the Facebook IPO, said Andrew Stoltmann of securities law firm Stoltmann Law Office. SocialTimes In related news, Facebook launched verified pages and profiles for public figures on Wednesday. Some pages are already verified, and user profiles will see the feature soon, the company said. Mashable Much like verified accounts on Twitter, verified Facebook pages will now display a small blue check mark beside their owner’s name on the social network. The check mark will also appear beside the individual’s name in search results, as well as anywhere else on Facebook where it appears. Inside Facebook Although Twitter has had verified accounts for years, Facebook did not publicly indicate which pages or profiles were official until now. The social network did begin authenticating accounts with a lot of subscribers last year, leading those accounts to appear more often in “People To Subscribe To” recommendations on the site, but there was no visual indication that a profile was official. The Wall Street Journal/Digits The announcement shows how Facebook and Twitter have become increasingly competitive over the years. The point was underscored at the D: All Things Digital Conference in Rancho Palos Verde, Calif. on Wednesday, when Twitter’s CEO Dick Costolo took the stage. The Next Web Facebook says it will proactively verify authentic pages and profiles. That being said, if you believe you’re being impersonated you can always report a fake account. It’s not clear if this will speed up the likelihood of your account being verified, just like it is on Twitter.

New Gmail Look Blings Up Your Inbox With Tabs (CNET)
Google continues to revamp the appearance of many of its services, this time turning its redecorating eye on Gmail. The company unveiled on Wednesday the new look and automatic labels for Gmail on the Web, as well as in Gmail’s Android and iOS apps. The New York Times/Bits Blog The revamped Gmail automatically sorts incoming messages into categories, which appear as three tabs — primary, social and promotions — that users can toggle between in their inbox. The primary tab contains the emails that the service thinks are most important. Social contains message updates from various social networks, like LinkedIn, Tumblr and Yelp. Wired “Social” lumps together your Twitter, Facebook, Quora, and whatever other social network email notifications. Under “Promotions,” you’ve got deals from organizations like OpenTable and Living Social. The “Updates” tab collects things like receipts, online statements and bills. And lastly, the “Forums” tab houses emails from any forums or listservs you belong to.

EW‘s Jess Cagle on How Social TV Helps Print Magazines (LostRemote)
In the latest installment of Mediabistro’s “So What Do You Do?,” Entertainment Weekly managing editor Jess Cagle tells how social TV has been a boon to his mag’s print sales: “There is tremendous engagement around television … I will very often look at the social media surrounding of a particular show and make the [cover story] decision based on that,” Cagle explained. Offers Replacement To Corporate Intranet And Moves Farther From CRM Roots (TechCrunch) is not solely a CRM company anymore. It’s a CRM company that has its sights on owning the enterprise SaaS stack, well beyond its core sales roots. The latest example comes with Salesforce Company Community, its social and mobile replacement for the corporate Intranet.

LA Businessman Proposes to Girlfriend with Vine Video (FishbowlLA)
He is LA business consultant Curt Buthman; she is LA author and eBay expert Marsha Collier. After Buthman posted a six-second video proposal showing him holding the Macy’s ring and mouthing the words “Marsha, I love you so much. Will you marry me, please? Please!?,” she accepted. Via Twitter, of course.

Do We Really Want Facebook to Decide What Qualifies as Hate Speech and What Doesn’t? (GigaOM)
Facebook has admitted that it failed to apply its policies about offensive content to some disturbingly misogynistic pages. But is this a victory for the social network’s critics, or just another stop on the slippery slope of censorship?

4.8 Million Tweets Sent During Champions League Final [Infographic] (AllTwitter)
Just how social media-crazy are soccer fans? 4.8-million-tweets crazy. This infographic by UEFA, European soccer’s governing body, illustrates just how passionate social media-savvy sports fans were during and before the Champions League final this past Saturday.

Scott Lewis: Learning from Social Platforms to Build a Better News Site (Nieman Journalism Lab)
Voice of San Diego’s technology was built on a shoestring. Its CEO describes why he thought it was time to invest — and how they’re trying to learn from the places where news gets consumed online.

Babblr Gets Ready to Relaunch Instant Chat for Tumblr, with More Servers This Time (BetaBeat)
Babblr – the Chrome extension that enables instant chat on the Tumblr Dashboard – is giving it another go, starting June 3. Earlier this month, the company launched its chat product, allowing users to IM with friends and random followers alike.