Categories - News
Facebook unveils video chat- Facebook unveiled its long anticipated video chat service this week that’s powered by Skype. The new service is expected to enable users to call their friends from within Facebook. According to Facebook’s blog, “A few months ago, we started working with Skype to bring video calling to Facebook. We built it right into chat, so all your conversations start from the same place. To call your friend, just click the video call button at the top of your chat window.” Zynga filed IPO paperwork- The online social gaming company Zynga filed its IPO prospectus this week. Initial reports valued the company at $10 billion. Zynga’s IPO announcement has already received criticism with many saying that Zynga is yet another overvalued social networking site. Others contest that Zynga has what it takes to make it. Here are a few perspectives on the IPO:
- Evan Newmark authored a scathing critique of Zynga in his article “Mean Street: How Cy Twombly Is Like the Zynga IPO” in the Wall Street Journal. Newmark compares Zynga’s $10 billion price tag to the over-hyped value of the late modern artist Cy Twombly’s “canvases of pencil scribbles and paint splotches anointed with literary titles of a singular pretentiousness.”
- Kevin Kelleher on the other hand thinks, “Zynga's IPO may be just what the tech bubble needs.” In his piece, Kelleher argues that Zynga’s financial health and business model have what it takes to not only succeed on the open market, but also boost other web stocks.
- Not one of the chosen few to have received a Google+ invite? Heather Sundell’s article will certainly make you wish you were.
- Rumors of Facebook’s music service already have some wondering how Google+ will compete. Check out Eliot Van Buskirk’s piece “5 Ways Google+ Could Steal Music Fans From Facebook” on Wired.com to learn more.
- Jessica E. Vascellaro authored an piece in the Wall Street Journal today on Google’s push towards social with insights from Allen & Cos Media Conference.