Social Media Newsfeed: Zuck Takes $1 Salary | White House Tumblr

Facebook's Mark Zuckerberg Joins the $1 Salary Club (Mashable) Facebook confirmed in a filing that Mark Zuckerberg, the social network's founder and CEO, is taking a $1 salary this year, and foregoing any bonuses. But he's not exactly taking a vow of poverty.

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New Facebook logoFacebook’s Mark Zuckerberg Joins the $1 Salary Club (Mashable)
Facebook confirmed in a filing that Mark Zuckerberg, the social network’s founder and CEO, is taking a $1 salary this year and foregoing any bonuses. But he’s not exactly taking a vow of poverty. AP Zuckerberg reaped a gain of nearly $2.3 billion last year when he exercised 60 million stock options just before the online social networking leader’s initial public offering. The windfall detailed in regulatory documents filed Friday saddled Zuckerberg, 28, with a massive tax bill, and he raised the money to pay it by selling 30.2 million Facebook shares for $38 apiece in the IPO. USA Today Turns out Facebook COO Sheryl Sandberg, an executive he lured away from Internet giant Google, did pretty well, too. She gained $821 million from shares that vested in 2012 and received another $25.6 million in stock, on top of a $328,000 salary and $277,000 bonus. AllFacebook In other Facebook news, the social network can no longer push updates or beta updates to its Android users via Android overlay Home, as Google updated the terms and conditions of its Google Play store to close the loophole that was being used by the social network and other developers. TechCrunch reported that the change in policy was not aimed at Facebook, but rather at malicious apps. SocialTimes However, industry watchers noted that Facebook had likely stepped on Google’s toes with the release of Home, which overrides some of the Android operating system with Facebook’s own branded functionality. Whether or not the app itself irked Google, it’s clear that Facebook’s sneaky mode of updating it did. VentureBeat The filing with the SEC also said that Jim Breyer, the Accel Partners venture capitalist who played a big role in Facebook’s launch, has decided to step down from the social network’s board of directors. Breyer notified the company that he will not stand for reelection to the board at the shareholder meeting on June 11.

With White House on Tumblr Promising GIFs, Here’s Some to Kick it Off Right (AllThingsD)
The White House announced that is joining the hip microblogging service Tumblr, noting in its announcement on Twitter that “there will be GIFs.” That means “graphics interchange format,” which means a cool way to show — among other things — cool animations. The Verge The introductory post notes that “we see some great things here at the White House every day, and sharing that stuff with you is one of the best parts of our jobs” and promises cute pictures of Bo, notable quotes from President Obama and “wonky charts.” The page is also welcoming questions, advice and submissions through the Tumblr submission tool. NBC News For a quarter of a century the GIF format has been used as a convenient way to show graphs, drawings and simple animations. Just recently, it was pronounced 2012’s word of the year by the Oxford American Dictionary, owing to a resurgence in popularity among bloggers, especially on Tumblr.

Year Two of #Kristofize — Honoring Nicholas Kristof (CNET)
It’s time once again for #Kristofize, a global salute to Nicholas Kristof (@NickKristof), the crusading New York Times columnist and two-time Pulitzer Prize winner. It was his birthday on Saturday, and all this week you can help pay tribute to him and do a little bit of what he does so well: bring attention to important causes around the world.

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Watch Out Foursquare, Twitter is About to Steal Your Worm (AllTwitter)
Just when you thought Twitter was full to the brim with new business, the greedy little bird comes back out for more – and this time it appears they plan to target Foursquare’s worm. The microblogging service is rumored to be working on local tweet discovery, and once they’ve nailed that, how long till they start offering this service to their advertisers?