Social Media Newsfeed: Twitter’s Dorsey Worth $1B | Facebook News Feed

Twitter’s Jack Dorsey is Now Worth a Cool $1 Billion (AllTwitter) The 27th Forbes annual Billionaires list was released earlier today and amongst the new entrants is Twitter co-founder (and current Square CEO) Jack Dorsey, who’s wealth is now estimated at $1.1 billion. Dorsey, however, ranked just 1,268th on a list that also includes such tech luminaries as AOL’s Steve Case ($1.4 billion, 1031st), Facebook’s Mark Zuckerberg ($13.3 billion, 66th), Google co-founder Larry Page ($23 billion, 20th) and, of course, Bill Gates.

social networks, social media, twitter, facebook, pinterest

 Click here to receive the Morning Social Media Newsfeed via email.

TwitterTwitter’s Jack Dorsey is Now Worth a Cool $1 Billion (AllTwitter)
The 27th Forbes annual Billionaires list was released, and among the new entrants is Twitter co-founder (and current Square CEO) Jack Dorsey, whose wealth is now estimated at $1.1 billion. Dorsey, however, ranked just 1,268th on a list that also includes such tech luminaries as AOL’s Steve Case ($1.4 billion, 1031st), Facebook’s Mark Zuckerberg ($13.3 billion, 66th), Google co-founder Larry Page ($23 billion, 20th) and, of course, Bill Gates. NBCNews.com In related Twitter news, a year-long study from Pew Research found that what’s said on Twitter isn’t always in line with public opinion at large, often differing sharply from a broader slice of the American public. But surprisingly, it doesn’t always lean the same way. Mashable Pew compared traditional public poll results with Twitter sentiment data around eight of the most significant political events over the last year, often finding significantly divergent results. According to Pew, in some instances — Barack Obama’s reelection, the first presidential debate and a federal court ruling on California’s same-sex marriage ban — the reaction on Twitter was “more pro-Democratic or liberal than the balance of public opinion.” However, other events — Obama’s second inaugural speech, John Kerry’s nomination as Secretary of State and Obama’s 2012 State of the Union address — elicited a more conservative response on Twitter than they did in opinion polls. VentureBeat While Twitter Nation was 77 percent happy that Obama was reelected, America was only 52 percent unhappy, and 45 percent unhappy. In addition, during the October presidential debates 66 percent of Americans polled thought GOP candidate Mitt Romney had done a better job, but 59 percent of Twitter users thought Obama had won. BetaBeat The study points out that the difference in opinion between Twitter users and the general public has a lot to do with the types of people who congregate on Twitter, specifically during newsworthy events. They tend to be younger and more Democratic, and tweets of those under 18 and in different countries were included in the study, whereas these demographics can’t participate in national polls. Also, they probably have seen Mean Girls one too many times.

Facebook Responds to Criticisms of News Feed, Says its Algorithms Are Designed to Keep Users Happy (GigaOM)
Facebook responded to criticisms of its News Feed algorithms on Monday, arguing that it’s constantly tweaking the formula but working to make sure posts in the feed are relevant to all users. Fast Company After The New York Times‘s Nick Bilton noticed the likes on his Facebook subscription page were dropping, despite an increase in followers, he tried a little experiment, paying $7 for sponsored advertising of his posts. The result? A 1,000 percent increase in likes and shares. Forbes In its response, posted publicly in its online newsroom, Facebook offered a number of non-conspiratorial reasons why Bilton might be having this experience. One possible explanation it offered: “The News Feed changes we made in the fall to focus on higher quality stories may have also decreased the distribution for less engaging stories from public figures.”

Infographic: How to Use Facebook for Recruiting (SocialTimes)
Facebook is testing a feature called Graph Search that helps you locate people by their interests, real-world connections and locations. This infographic explores how to use the tool for recruiting.

Twitter Kills Android, iPhone and AIR Desktop Apps for TweetDeck (CNET)
Twitter is shutting down the TweetDeck apps for Android and iPhone, as well as axing the Adobe AIR desktop version, the company announced Monday through the TweetDeck blog. This means TweetDeck is taking the apps out of app stores in May and, shortly afterward, the apps will stop functioning altogether.