UGNN Facebook Update . . . selling out ???

UGNN InfoManager news all about social media and Facebook Facebook updates follow smooth moves and pitfalls — Facebook part of a Wall Street ponzi scheme??? Founders jumping ship??? Facebook child porn??? If it’s going on in the world of Facebook, you’ll read about it in the Facebook Infomanager :
* Facebook Justin Bieber solicits nude photos of young girls
* Is the Facebook video game market dying or just evolving?
* Frank Gehry Designing Facebook’s Menlo Park Extension
* Facebook co-founder Moskovitz sells his stock
* Homeless find support on Facebook, Twitter
* Was Facebook a set up for Morgan Stanley?
. . . and more

Facebook co-founder Moskovitz sold stock after lockup expired

Facebook co-founder Dustin Moskovitz sold 450,000 Class A shares over the past three days, his second such sale since last Friday, becoming the latest insider to sell shares following the end of the lockup, according to a regulatory filing late Friday evening.
      Moskovitz, who was Facebook’s first chief technology officer, sold the shares in three batches of 150,000 shares each beginning on Wednesday, raising more than $8.7 million. Earlier this week, Facebook director Peter Thiel sold roughly $400 million worth of shares in the company, as investors look to cash out their stake after the end of the first lockup, which barred early investors and insiders from selling shares following the initial public offering.
READ THIS REPORT Full story : San Jose Mercury News

Frank Gehry Designing Facebook’s Menlo Park Extension

Facebook this week announced that its new Menlo Park campus extension is being designed by world-renowned architect Frank Gehry.
      In a blog post, Everett Katigbak, Facebook’s environmental design manager, said he first met with Gehry and his team several months ago at the architect’s Los Angeles office. Picture
READ THIS REPORT Full story : PC Magazine

Homeless find support on Facebook, Twitter

Here’s something everyone can ‘like’: Social media fosters community, even for those who don’t have a home. A new study finds social media like Twitter and Facebook tear down economic and geographic barriers to help homeless people connect to their families and support networks.
      The study was conducted by Art Jipson, a sociologist and criminologist at the University of Dayton, a Catholic school. Jipson says the findings present a new potential for Catholic social teaching.
READ THIS REPORT Full story : Washington Post

Was Facebook a set up for Morgan Stanley?

Did Morgan Stanley’s mutual-fund bet on Facebook Inc.’s initial public offering backfire or was it a set-up that burned investors in those funds?
      It’s a fair question not only because of the massive losses many investors have suffered since Facebook’s (US:FB) IPO – it’s tumbled nearly 50% – but because of a recent trend on Wall Street where customer cash is used to support company interests. What is certain is that the investment bank leading the offering funneled huge sums into the social network’s stock.
READ THIS REPORT Full story : MarketWatch

Facebook imposter posing as Justin Bieber solicits nude photos of young girls

Christopher Patrick Gunn, 31, of Montgomery, Alabama, who was posing online as superstar Justin Bieber and soliciting nude photos from young girls, pleaded guilty Thursday to producing child porn.
      Gunn was promising the girls free concert tickets and backstage passes in exchange for nude photos.

Is the Facebook video game market dying or just evolving?

Marketing costs and fees are driving developers from Facebook. Is the market dead or is it just the FarmVille viral genre that’s dying?
      Facebook is still one of the fastest growing video game platforms in the world right? With real money gambling expanding the opportunities to earn fat cash on Facebook and new developers like Amazon Games Studio embracing the social network as its entry into video games, the sky seems to be the limit. Even as that sky falls on former titans like the ever-shrinking Zynga, Facebook is still a healthy proposition in theory. So Zynga’s market cap plummeted from an estimated $7 billion in December to around $2 billion today! That doesn’t mean social gaming on the world’s most populace social network is dead.

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