As soon as the ink dried on Facebook’s acquisition of messaging application WhatsApp, industry leaders questioned whether the social network overpaid with its $19 billion buy. So why did Facebook do it? WhatsApp Co-Founder Brian Acton discussed how the company can help Facebook in the future at an event in Palo Alto, Calif., Wednesday night, hosted by Stanford University-spawned startup incubator StartX.
A Facebook Preferred Marketing Developer is dipping its toes in the accelerator waters, as Majestic Media announced the launch of Social Titan Labs, with the aim of pairing entrepreneurs and investors looking to build social platforms on mobile, tablets, and the Web.
Facebook lost another key overseas executive, as EMEA (Europe, Middle East, and Africa) Director Christian Hernandez announced in a post on his Facebook page that he was leaving the social network to join early-stage venture-capital firm White Star Capital as a managing partner.
Insiders know that getting close to Facebook product teams is the best the way to take your business to the next level. Pitching Facebook as a startup is hard, though. New Facebook features create a virtual gold rush for platform developers. New Facebook application-programming-interface features enable new ways to monetize virtual goods in social games, for example. New Facebook ads features create new ways to target advertising to specific users — audience segments like “everyone who has purchased virtual goods on Facebook” — creating huge opportunities for those who move to monetize first.
Reporting for work at Microsoft: Mark Zuckerberg? Facebook’s co-founder and CEO said it could very well have happened if the social network hadn’t taken off, and his conversation with Y Combinator Co-Founder Paul Graham at Stanford University’s Memorial Hall Saturday touched on several other topics, including the future of sharing, MySpace, and advice for startups.
A missive posted by Paul Graham, founder of investment firm Y Combinator, warned that there may be funding hurdles for startups in the future as a result of Facebook’s less-than-dynamic initial public offering performance.
There’s that elusive Facebook effect, ramping things up again. This time, it’s the economy. It’s unwittingly urging new startups to sprout, just by existing, and by being very well liked by the masses. Geez, we may soon be calling ourselves the innovation nation.
Some people still call Facebook a startup. At what point does that label no longer fit?
Learn how to launch your own startup in Mediabistro’s Entrepreneurial Journalism Boot Camp, taking place online from July 12 through August 30.
Facebook wants to see more social applications coming from Europe and has partnered with Seedcamp to make that happen.