Connect with us

Social Media

Twitter IPO generates cash and endless trash talk

Today’s big news is the Twitter IPO, which generated extremely diverse trash talk from economists, news outlets, and the trading floor.

Published

on

twitter ipo

twitter ipo

Twitter IPO news today generated buzz

Although the “#TwitterIPO” hashtag didn’t trend, tech circles and investor circles alike were abuzz today with Twitter’s going public and joining the ranks of Facebook. Opening on the New York Stock Exchange under the stock symbol “TWTR,” the company set their price at $26 yesterday, and opened at $45.10 and a $31.8 billion valuation, hitting a $50.08 high on its first day, and closing at $45.87.

The Twitter IPO news generated much needed cash for Twitter (they have investors that actually expect their money back), but more interestingly, it generated a great deal of trash talk, and not from Facebook, and not completely toward Twitter itself, either.

Trash talk from NYSE

When Facebook went public, they chose to file under the NASDAQ which traditionally attracts tech companies, but the technology behind the exchange failed miserably and the launch went down as one of the most screwed up in history. The NYSE operates differently, with more human oversight and interaction, so according to the SeattlePI, the day was filled with trash talk by the NYSE and NYSE groupies who assert their method is superior.

The bottom line is that Twitter’s choice may be reflective of other tech stocks’ choice of where they are indexed, which is ironic given the fact that NASDAQ relies on technology, so you would think tech companies would be attracted to that method. But if the technology isn’t reliable (or umm, fail whales), alternatives begin looking attractive.

Economist trashes Mashable, others

Renowned economist, Barry Ritholtz took Mashable, Statista, and MSN to task for their use of a graphic that he calls “actively misleading,” warning investors against graphics of this nature (seen below):

twitter ipo
Click to enlarge

Ritholtz urges the graphic creators, “when describing the process of going public, do not hand-select the best tech IPOs of the past 20 years to use as proof of how awesome all tech IPOs themselves are.” He warns against investing based on graphics like this that don’t take into account that no one knew that Amazon, for example, would blow up, or that it’s been trading for a much longer time period than others.

He notes he is a prolific Twitter user and is “constructive” about the stock’s initial pricing, but “cannot condone the use of horrific infographics like the one above.”

But this wasn’t the only crap graphic floating around, trust us. Take for example MediaBistro’s AllTwitter blog said they’d answer your five burning questions about the Twitter IPO, and lazily featured a graphic outlining what an IPO is, which isn’t Twitter specific and condescendingly oversimplifies a truly complex process, failing to mention any of the recent changes to the filing process.

Trash talk from The Atlantic (our favorite trash talk of the day)

Above all, our favorite trash talk was The Atlantic’s take on the investment, which has and will continue to draw amateur (retail) investors, which is common during what they call “splashy IPOs of hugely popular, but reliably unprofitable, companies, whose economic future is utterly uncertain.” Nice.

“After all,” the publication continues, “the only reason to buy a stock is if you think it’s not priced properly, which implies that you know more than everybody else. But what, exactly, could you possibly know about Twitter that other people don’t?”

For those considering buying Twitter stock, The Atlantic made a flow chart for you, capping off our highlights of the diverse trash talking corners of the world:

twitter ipo flowchart

Social Media

Facebook beta features fresh friendly facade you can try out

(SOCIAL MEDIA) Facebook is trying to change it’s image, literally. They already changed their logo, now is time for a new design you can see in the beta.

Published

on

facebook beta

After sixteen years in the game, Facebook is getting a facelift. Facebook has been working on a redesign for quite some time and they’re finally starting to roll out a beta. Facebook is taking the rollout slow, so it looks like just a few users are seeing the redesign and the rest of us will have to wait. Want to be among the first to test out the new look? Here’s how you can, maybe, make it happen.

If you are one of the lucky few who has been selected to beta test, then getting the new design should be simple. When you log into your account (as if you ever log out) a pop up will prompt you to try out the new beta. If this doesn’t happen, and you’re still feeling optimistic, then turn your eye to the upper right-hand corner of your screen and look for a button labeled “See Facebook Beta.” Still no button, but want to keep the hope alive? Click the drop-down arrow in the right-hand corner of your screen and see if the Facebook Beta option appears in the dropdown. Nothing yet? Tough luck, kid. You have not been chosen.

If the new design is available to you, then Facebook will offer to give you a tour of the new system. The fresh UI aims to simplify the user experience by making the page less cluttered and easier to navigate. Icons will be sleeker and brighter and it should be easier than ever to access your Messenger conversations. And if you decide that you kind of hate the new design, no big deal. Users will have the option to switch back to the classic design, at least while the redesign is still in beta.

Platform redesigns are always a contentious topic of conversation for users. Twitter, in particular, has seen some user drama over its redesigns through the years. Sometimes a redesign will knock out your favorite feature or make a shortcut you used to take in a workflow pointless. And, honestly, sometimes people just don’t like change. Whatever side of the coin you’re on, let us know how you feel about Facebook’s new look.

Continue Reading

Social Media

Google takes a shot at competing with TikTok, Pinterest videos

(SOCIAL MEDIA) We all love to sit and watch short videos, be they humorous, reactionary, or weird, but here is Googles attempt to get educational with Tangi.

Published

on

Tangi screenshot

It’s happened to anyone who’s ever been looking online for how-to help… you click on a likely-sounding YouTube video, only to be greeted by an ad you can’t skip, a whole lot of introductory chit-chat, and three minutes of build-up before you finally see exactly what you need to do to handle your would-be DIY hack.

But what if you could get your answer in 60 seconds or less? It’s the concept behind Tangi, a newly released Google app created in the company’s Area 120 incubator by developer Coco Mao.

Variously described as short-form YouTube, video Pinterest, or TikTok for makers, Tangi was inspired by Mao discovering that her “smartphone challenged” parents were using their devices to watch photography and painting tutorials—and developing new hobbies as a result.

She came back to Google and worked with her team to develop Tangi as a place where such how-to inspiration could be more easily found and taken advantage of. “The name is inspired by the words TeAch aNd Give,” she explained as she introduced the app at the end of January. “’Tangible’—things you can make.”

The philosophy behind Tangi means this is hands-on how-to for the crafty club. The time-lapse heavy videos “could quickly get a point across,” Mao said, “something that used to take a long time to learn with just text and images.”

Videos fall into categories of art, cooking, DIY, fashion and beauty, and lifestyle, and are often accompanied by links to recipes or the maker’s blog or Instagram for more information. Some makers don’t quite have the format down pat yet, but most manage to provide a good balance of visual inspiration and a little more information.

And like Pinterest, Tangi can turn into a time-lapsing rabbit hole of its own. I started with a mere 10-second clip on propagating succulents (I’ve been doing it wrong), which led to a minute on “when succulents stretch” (“etiolation” — new vocabulary word!), which led to a succulent cake which led to a conversation heart cake and before I knew it, 20 minutes had gone by and I was watching an exploding heart science Valentine and had washed up at “Yoda one for me.”

While the app has only been out for about a week … and is only available on iOS and the web … it’s already well populated with content from makers and lifestyle bloggers who partnered with Mao’s team during the development process. And though it’s still in closed-beta mode for content creators, users can apply to be on a waitlist to be invited to upload their own work.

There are a few question marks still. No word on when it will be available on Google’s own Android platform, for one thing. While a couple of intrepid contributors are reviewing education apps and dispensing startup advice, its philosophy as stated by team lead Mao may not extend much more beyond the maker and creative fields to include technology and workplace input. And Google doesn’t always support its apps for long.

But it’s fun, simple, and easy on the eyes. As a place to find quick inspiration and direction, Tangi could carve out a niche.

Continue Reading

Social Media

New Reddit policy on impersonation mimics other social media giants

(SOCIAL MEDIA) Reddit is the latest social media company to change their policy to protect against deepfake impersonation, because of the harm they can cause.

Published

on

impersonation with deepfakes

Reddit is the latest social media company making updates to their rules and policies ahead of the 2020 election. Companies like Facebook, Twitter, and now Reddit are all trying to make the social internet a safer place to receive information.

Reddit’s new policy officially bans impersonation with the goal of handling “bad actors who are trying to manipulate Reddit, particularly are issues of great public significance, like elections.”

Deepfakes have become a key topic of conversation the last few years. In the wake of the mass spreading of misinformation during the 2016 presidential election, users have grown wearier than ever of the information they see online. Deepfakes are no longer a niche subject, but an everyday pain point that technology companies are scrambling to control.

In a statement made on r/redditsecurity, Reddit informed users of the change to website policy stating, “Reddit does not allow content that impersonates individuals or entities in a misleading or deceptive manner. This not only includes using a Reddit account to impersonate someone, but also encompasses things such as domains that mimic others, as well as deepfakes or other manipulated content presented to mislead, or falsely attributed to an individual or entity.”

The platform isn’t trying to make a mass change to it’s often humor driven culture. Parody and satire are still allowed forms of impersonation so long as the joke is obvious. Reddit has vowed to always take context into account when looking at cases of user impersonation.

It’s a good sign for society when popular social platforms start taking their role in controlling the spread of false information seriously. Companies like Reddit are in a position to create real change in the way we spread and consume information about major global events.

What’s unclear is how much man power these companies are putting behind their policies. Reddit ends their statement by pointing users to a report form that users can submit if they or someone else is the victim of impersonation. The question users should be asking is how long would it take to get a response or see action on these reports?

Policy changes are great, but if companies are simply throwing them onto their fine print with no resources behind enforcement then it’s not social change, it’s just legal jargon to protect their ass.

Continue Reading
Advertisement

Our Great Partners

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Emerging Stories

Get The American Genius
neatly in your inbox

Subscribe to get business and tech updates, breaking stories, and more!