Social Media Newsfeed: Colorado Tragedy | Facebook Payout | Sparrow Purchase

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How Social Media Performed During Colorado Tragedy (PCWorld)
For anyone seeking immediacy as the tragedy in Aurora, Colo., unfolded Friday, online social media outlets provided an unparalleled view of the events that left 12 people dead and some 70 others injured. They also provided some low points on the humanity scale. Storify Julie Moos of The Poynter Institute created a Storify page including tweets showing how information about the shooting evolved on social media. The Huffington Post An 18-year-old Reddit user shared up-to-the-moment coverage of the shooting through Friday night and into Saturday morning. Going by his Reddit user name, Integ3r, the teen created a series of four posts with by-the-minute developments on the story, many of which hadn’t yet been reported by major news stations and websites. He was the first to post about the shooting on Reddit. BetaBeat The Future Journalism Project on Tumblr defined it correctly as crowdsourcing the reportage and noted some of the most organized efforts by Redditors: sequential, linked threads in the /r/news subreddit. Each post was a crisp feed of new developments almost as they happened. AllTwitter You may have heard about Jessica Redfield, an intern for a local radio station who has become the face of this tragedy. Her friends and family would like to see #RIPJessica trending in memory of her. Let’s help make that happen. Athletes and celebrities from across Colorado and the country shared their thoughts via social media following the theater shootings in Aurora. Here is what they had to say. Mashable Shooting suspect James Holmes had minimal online presence at first glance — no Facebook or Twitter accounts were located. However, in the days following the shootings, more information about his personal life has begun to materialize on the Internet.

Nasdaq Increases Payout in Facebook IPO to $62 Million Cash (Bloomberg Businessweek)
Nasdaq OMX Group, the second-biggest U.S. stock exchange owner, revamped its proposal to compensate brokers that lost money in the public debut of Facebook, boosting the payout to $62 million cash. The amendment, which follows criticism from Wall Street market makers and exchanges about the original plan, increases the compensation pool from $40 million and does away with a proposal to credit most of the money through reduced trading costs, according to a submission with the Securities and Exchange Commission. The New York Times In the race for digital advertising dollars, Google has been the clear winner, with its ability to customize advertisements based on what you search for. But Facebook, which customizes ads based on who you and your friends are, hopes to be a contender. An important test of how it is doing will come on Thursday, when it releases its first earnings numbers since going public. Bloomberg
The shares have tumbled 24 percent since Facebook, the largest social-networking service, held a May 17 IPO marred by technical glitches and signs that its price was set too high. Shareholders will seek assurances that the company can keep users engaged amid rising competition from Twitter and Google and that it can overcome challenges making money from advertising on mobile devices.

Is Facebook Porting Instagram to the Web? (CNET)
Facebook may be planning to develop an online presence for Instagram. The free photo-sharing service has so far been very successful as an app, but as a result its life has been largely limited to the mobile world.

Changes Ahead for Gmail — Google Acquires Sparrow (SocialTimes)
Google has acquired the social email startup Sparrow to put its team to work on improving Google’s own email solution, Gmail. Sparrow announced the deal to its users on Friday.