Facebook CTO Leaving | Tumblr to Release iOS App | Social Media and Athletes

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Chief Technology Officer Bret Taylor Leaving Facebook (AllFacebook)
Facebook Chief Technology Officer Bret Taylor announced that he will leave the social network later this summer to start a company with Kevin Gibbs, founder and tech lead of the Google App Engine and creator of Google Suggest. Taylor joined Facebook in 2009 as director of platform products, and he was promoted to CTO in June 2010. PC Magazine The Stanford-educated Taylor previously worked as CEO of FriendFeed. He also served as an entrepreneur-in-residence at Benchmark Capital, and as a group product manager with Google, according to his LinkedIn profile. AllThingsD The move is likely to be of concern to some over the newly public company’s ability to hold onto entrepreneurial talent, especially in the wake of continued intense media and investor scrutiny over its rocky IPO last month. That’s especially true since Taylor has been in charge of both platform and mobile efforts at Facebook, a critical arena for it. The Wall Street Journal “I’ve really enjoyed working with Bret and getting to know him as a friend and teammate. I’m grateful for all he has done for Facebook and I’m proud of what he and his teams have built. I’m also proud that we have a culture where great entrepreneurs like Bret join us and have such a big impact,” Facebook co-founder and CEO Mark Zuckerberg said in a statement. A pair of Facebook executives under Taylor — Mike Vernal and Cory Ondrejka — will be taking over platform and mobile duties, respectively. TechCrunch Taylor’s is one of the first in a wave of Facebook departures TechCrunch is hearing, as a slew of older employees have hit their four-year stock cliffs, and the 90-day IPO lockout fast approaches. According to a source, many Facebook employees including one other executive are already planning what to do next.

Tumblr Releasing New iOS App Next Week (VentureBeat)
Despite Tumblr’s massive popularity, the blogging company hasn’t really paid much attention to its mobile apps. But that will change next week when Tumblr unveils an entirely new iOS app. Tumblr founder and CEO David Karp announced the new app at the F.ounders conference in New York City during a conversation with The New York Times’ Nick Bilton. The Next Web Karp said that he plans to IPO way into the future, and that he’s in it for the long haul. He also said that Tumblr has a history of turning down acquisitions and refused to acknowledge questions about possible offers from Google. CNET Karp said the iOS version would be as “incredible” as the Android version and include advertising. “We have two or three ad spots already designed and ready to go into circulation,” he said.

Social Media Have Value for Athletes, if Used Properly (Times Herald-Record/Varsity 845)
Social media certainly provides high school athletes plenty of opportunities to get themselves in trouble by leaving an electronic record of their after-school activities. That doesn’t mean social media lacks value for young athletes. Times Herald-Record/Varsity 845 However, on the morning of March 1, leading up to his Section 9 girls’ basketball tournament semifinal against Pine Bush (N.Y.), Newburgh Free Academy coach Rich Desiderio went over game plans, schemes and rotations over and over in his head during school. However, Desiderio said he received a call from Newburgh athletic director Jack Mager. One of his players allegedly had made what a teammate interpreted as a threat to them on Twitter.

Facebook Blames NASDAQ Errors for its Weak Market Debut (Mashable)
For the first time, Facebook is acknowledging what went wrong on IPO day and in the days after its lackluster stock market debut. Facebook’s fingers are pointing directly at the NASDAQ Stock Exchange. In a newly released court motion where some investors are suing NASDAQ, Facebook reveals NASDAQ’s software crash caused a huge mess of its IPO. Reuters Facebook has agreed to pay $10 million to charity to settle a lawsuit that accused the site of violating users’ rights to control the use of their own names, photographs and likenesses, according to court documents made public over the weekend. The lawsuit, brought by five Facebook members, alleged the social networking site violated California law by publicizing users’ “likes” of certain advertisers on its “Sponsored Stories” feature without paying them or giving them a way to opt out, the documents said.