Megan McCarthy · 07/18/07 04:44PM
Doree Shafrir · 07/18/07 01:10PM
Tyler Winklevoss rows against the Facebook tide
Owen Thomas · 07/17/07 11:31PM
Portfolio.com has interviewed Tyler Winklevoss, one of the Harvard graduates who has charged Facebook CEO Mark Zuckerberg with stealing the idea behind the hot social network. Winklevoss, who founded HarvardConnection, a college-networking site now known as ConnectU, appears to be a very angry, bitter young man. We love those types! Here's what Winklevoss had to say to Portfolio about Zuckerberg's actions: "Premeditated, well thought out, duplicitous and conniving." Winklevoss adds, "He messed with the wrong guys." Of course, Winklevoss is more than a bit duplicitous himself in the interview.
Owen Thomas · 07/17/07 10:37PM
Megan McCarthy · 07/17/07 07:00PM
Facebook to the rescue!
Megan McCarthy · 07/17/07 06:52PM
Fans of Time Inc. tech title Business 2.0 have taken the bold step of starting a Facebook group to show their support for the troubled publication. So far, the group has amassed over 50 members, including Business 2.0 editor Josh Quittner, Quittner's wife, New York Times columnist Michelle Slatalla, Gizmodo editor Brian Lam, TechCrunch's Michael Arrington, and LinkedIn CEO Reid Hoffman. Oh, and former Business 2.0 editor and my new boss Owen Thomas. Let's hope this roster of Valley luminaries is more effective than other futile Facebook groups, such as the 29,359 people who believe strongly in removing the "is" from the Facebook status message.
Facebook's wannabe founders
Owen Thomas · 07/16/07 07:42PM
As Facebook's theoretical value soars, the interest of its hangers-ons grows practical indeed. I think that's why Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra are pursuing their lawsuit against sandal-sporting Facebook CEO Mark Zuckerberg with such tireless vigor. But the three Harvard school chums, who say they hired Zuckerberg to work on their competing ConnectU site before he launched what became Facebook, are far from the only ones pressing a claim to have been present at Facebook's creation. (For the record, long-suffering Facebook PR chief Brandee Barker says the company's official cofounders are Zuckerberg, Chris Hughes, and Dustin Moskowitz.) After the jump, a gallery of everyone who's not an official founder — but who'd like to be.
Mark Zuckerberg's lawsuit that won't go away
Owen Thomas · 07/16/07 04:34PM
A legal dispute from Mark Zuckerberg's past is not going away. Three years ago, fellow Harvard students Tyler Winklevoss, Cameron Winklevoss and Divya Narendra sued Facebook CEO Mark Zuckerberg, claiming he'd taken code he'd written for ConnectU to launch his rival site. Now, legal filings reveal, the lawsuit is rolling forward, with motions to dismiss set to be heard on July 25. While it's likely that the case will keep wending its way through the courts for a while, I'm betting Facebook will settle, probably with Facebook shares rather than cash, before an IPO. After all, a lawsuit against the CEO is one of those pesky things investors don't like to see in an S-1 filing.
Facebook's fake revenues
Owen Thomas · 07/13/07 07:00PM
Everyone's still talking about Henry Blodget's facile guess on his Internet Outsider blog that Microsoft might offer $6 billion for Facebook, the social network of the moment. And Facebook investor Jim Breyer, the Accel Partners venture capitalist who's on Facebook's board, tried to stoke hopes for such an outsized valuation by casually mentioning at Fortune's iMeme conference that Facebook was on track to do $100 million in revenues and turn an operating profit, by some financial measures, this year. But you shouldn't buy Blodget's musings, or Breyer's shilling, for a moment. Here's why.
Megan McCarthy · 07/13/07 02:35PM
Mark Zuckerberg Adidas memorial slideshow
Nick Douglas · 07/12/07 07:41PM
If Mark Zuckerberg is the new Steve Jobs (hint: yes), then the Facebook creator's Adidas flip-flops are the heir to the Apple founder's black turtleneck. Nearly every news item about the 23-year-old fratrepreneur mentions (among other signs of youth) the black and white sandals, which Mark wears with every outfit. The Globe and Mail barely avoided predicting he'd wear them to the mogul summer camp soon taking place in Sun Valley. (Answer: he's not going.) But we've heard bad news about Mark's favorite sandals: they're getting discontinued. Here's a photographic retrospective on the love between a boy and his flip-flops.
Why Facebook isn't the reincarnation of Google
Owen Thomas · 07/12/07 04:53PMDoree Shafrir · 07/12/07 12:35PM
CNBC interviews Valleywag editor on a Facebook IPO
Owen Thomas · 07/12/07 12:21PMFacebook's users turn up their noses at its ads
Owen Thomas · 07/12/07 11:14AM
Today, I don't think Randi Jayne, director of market development at Facebook and sister of CEO Mark Zuckerberg, would sing quite so gleefully about "startups [that] get the rag ... from Valleywag." Because now comes her employer's turn. The Reach Students blog notes that a campaign on Facebook drew a 0.04% click-through rate — a dismal response that's far from uncommon in advertisers' experiences. No wonder the site is scraping the bottom of the barrel to find advertisers. If Zuckerberg is to maintain his site's precious independence, he will have to figure out better ways for his company — and its advertisers — to profit from its rapidly swelling user base. Should he consider placing ads on his sister's show tunes instead? They'd get better click-throughs.
Miss New Jersey Is Physically, Not Ethically, Quite Flexible
Emily Gould · 07/12/07 10:50AMToday in Valleywag Jobs
Owen Thomas · 07/12/07 08:00AMWe hear Facebook is hiring a stock administration manager, preferably one with an experience at an "international public company." Not that Facebook's planning to go public or anything crazy like that. If that doesn't float your boat, Facebook rival Bebo is hiring. For other new gigs, check out these listings from Valleywag Jobs:
Owen Thomas · 07/11/07 03:55PM
Mark Zuckerberg's substitute player
Megan McCarthy · 07/11/07 03:09PM
The moguls wandering through Sun Valley, Idaho, in the hopes of running into Facebook CEO Mark Zuckerberg, will be sorely disappointed. Contrary to reports, he's not attending the conference, appearing instead at Fortune's iMeme conference in San Francisco. Sun Valley will have to settle for Facebook COO Owen Van Natta. Though they might not mind the substitution. Van Natta comes with several years of experience as Amazon's vice president of worldwide business and corporate development, where his duties included brokering deals with the same Hollywood types now clogging Sun Valley's streets.