Saudi Prince Buys Stake in Twitter

Saudi Prince Alwaleed bin Talal has bought $300 million worth of stake in Twitter, which is unofficially 3.5% of its total worth. Alwaleed bin Talal heads Riyadh based Kingdom Holding Company, which is one of the largest companies in Saudi Arabia. Prince is a nephew of Saudi king Abdullah and is one of the top business magnates in the world.

Twitter has raised a lot of money from investors including DST Global earlier this year and has claimed that it expected to raise at least $800 million from investors in 2011. After this giant investment by Saudi Prince, we can assume that Twitter has surpassed the $800 million mark.

According to some sources and other news portals, Saudi Prince is planning to expand his public holding business via social networking website. That is a pretty good tactic as in the recent years, social media has revolutionized the business sector throughout the globe. It should be noted that Twitter has played a significant role in the Arab uprisings this year as the protesters communicated mostly through ‘tweets’.

Twitter has not disclosed any details of this investment but this news can be read on the Kingdom Holding Company’s official website, which in our opinion is plainly advertising this investment.

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Facebook to sue Mark Zuckerberg?

No, we are not talking about Facebook’s CEO. This Mark Zuckerberg hails from Israel and is an entrepreneur who owns Like Store, a social marketing company which sells Likes to other companies for their brand pages on Facebook. Born as Rotem Guez, he legally changed his name on the 7th of December and according to some sources, he is planning to change his family’s name as well.

This is the second time Facebook has threatened to sue Israeli Zuckerberg. His company, Like Store, was found to be violating Facebook’s terms of service by the social giant’s law firm Perkins Coi, and was instructed to shut down their page on the social network.

And surprisingly, this Israeli entrepreneur also filed a lawsuit against Facebook earlier this year when he was prohibited access to his profile page. It is true that Facebook can sue Like Store on the basis of said violations to the terms of service, but it will be funny when we will see news headings citing the social network’s founder’s name.

On the other side, Rotem Guez(Mark Zuckerberg) is in no mood to abandon either his name or his company. He has even made a website by the name of markzuckerbergofficial.com and a fan page on Facebook by the name of I’m Mark Zuckerberg which has got more than 3000 likes.

So the question now is plain and simple, Will Facebook sue Mark Zuckerberg?

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Salesforce.com Signs Definitive Agreement to Acquire Rypple

Salesforce.com has acquired Rypple, a provider of social software to the big tech giants like Facebook. The terms of the acquisition have not been made public yet. With this acquisition, Salesforce.com has entered the venture of human resource software and this is being seen by many as an attempt to challenge the huge user base of SAP AG and Oracle Corp, both of which occupy the top positions in this sector.

According to the official website of Rypple, it helps managers ensure their teams get the continuous feedback they need to stay aligned, learn faster, and consistently achieve their goals. Plus since most of its clients are the big players in the tech and social industry, we cannot doubt about its capabilities.

According to Executive Vice President of Salesforce.com John Wookey, they are developing HR software which can be used by various companies for recruiting, training and monitoring their employees. Salesforce.com will become a major player in the social media after this acquisition.

On the other side, when asked about this acquisition, the executives of both Oracle and SAP AG declined to comment.

Both Oracle and SAP AG see Salesforce.com as a major rival as they have spent a lot of money and resources in past to compete with Salesforce.com in the area of web based programs.

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Facebook Can Cause Serious Mental Health Problems In Kids ?

A study done by Dr. Larry D. Rosen, a professor of psychology at California State University, shows that the excessive use of social networking site Facebook can cause serious mental health problems like aggressive tendencies and antisocial behavior in kids.

The title of the study was “Poke Me: How Social Networks Can Both Help and Harm Our Kids” and is based on the findings by Dr. Rosen, who is studying the effect of technology in our day-to-day life for more than 25 years.

Rosen also said that the parents today think that by using a monitoring tool, they can limit their child’s social activity. But they are completely wrong as their kids are more technically advanced than them and usually find a way to work around that monitoring tool.

Though its negative impacts are more, the study shows that social networking has also made youngsters more efficient at communication skills and they can easily communicate with their teachers through social media.

The thing here is that like everything in this world, social networking has both pros and cons. It depends on the end users how to use a platform they have been provided with.

Do you think social networking is valuable or is it just a way to kill your time?

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Google+’s Real Name Rules Are “Abuse Of Power”: A Microsoft Researcher

A Microsoft researcher by the name of Dana Boyd openly criticized the “Real Name” policy of Google+ calling it an “abuse of power” by the tech giant. This news comes amidst the so called “bogus patents” feud between Google and Microsoft.

According to the “real name” policy of Google+, users cannot use pseudonyms or nicknames in their profiles. Earlier, Google+ used to delete the accounts which were found to violate this policy but now a days it has started giving the users a chance to provide their real name if they don’t want their account suspended.

Dana Boyd said that,” ‘Real names’ policies aren’t empowering; they’re an authoritarian assertion of power over vulnerable people.” She stated that the people who use pseudonyms are the ones who are most marginalized by power structures.

Though the statement of Dana Boyd is genuine but it has come at a time when Microsoft and Google are playing the “blame game” openly.

Furthermore, Microsoft is also rumored to launch its social platform in the coming months. Hence this statement though not of Microsoft, is being seen as a declaration of social war.

We think that this “Real Names” policy is rubbish and there is no need of such kind of dumb “policies” especially on a leading social network.

Do you agree with Dana Boyd or support this “policy” of Google+?

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Mark Zuckerberg’s Sister Leaves Facebook

Randi Zuckerberg, the marketing director of Facebook and Mark Zuckerberg’s sister has left her job at Facebook. She resigned from her post after returning from a three month long maternity leave. Facebook has confirmed this news and stated that,”We are grateful for her important service”.

Randi announced that she will be launching her own social networking website, RotZ Media, which will aim at socializing business on the Internet.

Randi Zuckerberg was an employee of Facebook ever since its launch and she said that it was one of the toughest decisions of her life to leave Facebook.

“I have spent my years at Facebook pouring my heart and soul into innovating and pushing the media industry forward by introducing new concepts around live, social, participatory viewing that the media industry has since adopted,” Randi added.

According to Zuckerberg, her future website will work with media in new and more social ways and interaction with media will be innovative rather than a formality.

At this point of time, we cannot say much about RotZ Media as no information about it is available at the moment but one thing about which we are sure is that Facebook will try to fill her position as soon as possible as Facebook’s business relies on marketing mostly.

And who knows, we might find a familiar face from other companies at Facebook.

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Facebook Buys iPad Book Publisher

Facebook has acquired an iPad book maker by the name of Push Pop Press, which is known for publishing digital version of Al Gore’s book,”Our Choice”. Facebook has not disclosed details of this deal and has just stated that it is not planning to release any digital book yet.

Push Pop Press said in a public release that Facebook will not introduce its own digital publishing firm but will try to integrate Push Pop Press’ ideas and innovations that could work with its social network.

Facebook didn’t say much on the deal in its public release but only said that they were thrilled after purchasing Push Pop Press as according to it, Push Pop Press’ software has the ability to change the way people live and think.

We think that, Facebook is entering more and more ventures as the social networking giant thinks that the competition in social market is going to be very tough in future and here we are not only talking about Google+.

There are a hell lot of regional social networking sites having a large number of users and their users even prefer them over Facebook.

This move can be seen as a way of attracting new users with a safe game plan.

Do you agree?

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