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| Thread ID: 126036 | 2012-08-03 06:06:00 | Glad I Don't Live In Southern California Any More | SurferJoe46 (51) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1292496 | 2012-08-03 06:06:00 | Yeah - it's about InYourFaceBook again::: • If you live in California but don’t own Facebook stock, this development still could affect you: The continuing decline of the company’s stock will probably cost the state of California “hundreds of millions” of dollars in projected tax revenue, according to a story by the Merc’s Jeremy Owens, citing a Legislative Analyst’s Office report released Wednesday . The state was counting on income taxes from Facebook employees and others who were expected to profit from selling their shares in the world’s largest social network, which went public in May . Problem is, shares of the Menlo Park company are at record lows this week . Facebook shares are down more than 4 percent to about $20 as of this post, or about 47 percent lower than the $38 IPO price . The Golden State is failing to strike gold this time . (See Quoted: Pre-Facebook IPO, California counts tax revenue before it’s hatched . ( . newsletters . siliconvalley . com/wswfvgjynnfbsmlzbwqslbtyktbfhqkshwgqmhgddlwfvdw_cg" target="_blank">click1 . newsletters . siliconvalley . com tgmpcgdldl . html)) But as the LAO points out, it will update its state revenue projections in November, and Facebook’s stock might be going in a different direction by then . Then a second blurb::: Third-party developers are unhappy, as companies such as Craigslist and Twitter file lawsuits and tighten rules around their precious platforms . Now a developer’s open letter to Mark Zuckerberg, accuses Facebook of bullying . “Your team doesn’t seem to understand that being ‘good negotiators’ vs . implying that you will destroy someone’s business built on your ‘open platform’ are not the same thing,” Dalton Caldwell wrote Wednesday to Facebook’s CEO after what he says was a June meeting with a handful of executives at the company’s Menlo Park headquarters . Caldwell showed them an app that they deemed to be a competitor to Facebook’s App Center, and he wasn’t happy with their reaction, including what he called an attempt at an “acqui-hire . ” “Personally speaking, I am resolved to never write another line of code for rotten-to-the-core ‘platforms’ like Facebook or Twitter . Lesson learned . ” Mike Isaac of AllThingsD ( . newsletters . siliconvalley . com/esydybqkzzdfhwspftlhsfvkjvfdcljhctblwcbrrstdyyr_cg" target="_blank">click1 . newsletters . siliconvalley . com tgmpcgdldl . html) points out that Zuckerberg recently said he wants developers to continue building apps on top of Facebook’s platform, but Caldwell’s experience seems to paint a different picture . Facebook hasn’t commented . But Google has, by way of a Vic Gundotra post on Google+ last night, in which the senior vice president of engineering at Google seizes upon the recent developer discontent with Twitter and Facebook to explain why Google’s social network hasn’t opened up its API (application programming interface) to all developers . “We’re being careful because we want to be different . You know, actually respectful of developers who build on our platform . It’s novel . I know,” he wrote . Reaction to his post was mixed, with at least one person seeing it as opportunistic and saying, “you are so much better than this — so is Google . ” Associated Link(s)::: . newsletters . siliconvalley . com/dmtghcjnddgfmwpsfrkmpflnzlfgbkzmbrckwbcttprghtt_cg" target="_blank">click1 . newsletters . siliconvalley . com tgmpcgdldl . html |
SurferJoe46 (51) | ||
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