Because opening up the site just wasn't enough, apparently: Facebook is branching into a new role as an investor. The company has announced a new program called FBFund to provide grants to developers who are interested in creating applications for the Facebook Platform. FBFund, with cash infused by Facebook investors Accel Partners and the Founders Fund, will start with $10 million and will provide $25,000-$250,000 grants to developers who apply for the program. The fund's investment committee will consist of Facebook founder Mark Zuckerberg, vice president of product marketing and operations Charmath Palihapitaya, and board … Read more
Remember when Facebook was just a way to "poke" that kid who sat in front of you in macroeconomics class? Yeah, that was a long time ago. Rev2 reported on Sunday that technobabble on the Facebook Developer Wiki may be hinting that the "social utility" wants to expand into data storage.
So far, this appears to only apply to developers who have created applications on the Facebook Platform and have until this point provided their own data storage for the apps. A Facebook data storage plan would allow them to rent or purchase storage (or perhaps, … Read more
It'll be interesting to see how AOL chooses to classify its new corporate headquarters on 770 Broadway in downtown Manhattan. The historic building, formerly home to the Wanamaker's department store, spans an entire city block and now holds offices of one variety or another for companies as varied as J. Crew, Viacom and Billboard. And there's famously a K-Mart (one of Manhattan's few-and-far-between big-box discount retailers) on the ground floor. It's touted by owner Vornado Realty Trust as being "in the heart of the Village." Well, kind of.
Because so many of New … Read more
Looks like the "A" in AOL actually stands for "Advertising." The once-mighty online media company has announced a shakeup that will place ad revenue squarely in its corporate crosshairs, grouping its advertising properties--Advertising.com, as well as the recent acquisitions of Tacoda, Adtech, Third Screen Media and Lightningcast--into a new entity that it calls "Platform A."
Former Tacoda CEO Curtis Viebranz has been appointed executive vice president and president of Platform A, and a statement from AOL asserts that this is "the final stage in AOL's transition from an access business … Read more
Citing ever-shadowy "sources," PaidContent reported Sunday that oft-maligned cable giant Comcast is in the process of acquiring television fandom site BuddyTV.com. No financial details were specified.
PaidContent blogger Joseph Weisenthal speculates that BuddyTV will be integrated in one way or another into Comcast's still-in-beta Fancast site, a Web video and community hub that it launched in August. Comcast, whose Comcast Interactive Media division has been attempting to craft an extensive Web 2.0-savvy social media strategy, also purchased movie ticket site Fandango in April.
BuddyTV representatives allegedly denied the allegation initially and then clammed up; we'… Read more
Teen-oriented virtual world Zwinky has expanded its e-commerce operations so that members can use real-world cash to pay for virtual goods. Starting Monday, credit cards and PayPal accounts can be used to purchase the in-game "ZBucks" currency, which members could heretofore only earn by visiting certain in-world locations and winning games. The cash will then go on new "ZCard" shopping cards which members will be able to use at the in-world retail hub, the--wait for it--Zwinchester Mall, which contains stores like the Z-Loft trendy furniture outlet and "Like Dat," a boutique branded with the … Read more
We reported on Thursday that MTV Networks was close to announcing plans for a new social network; later that night, Fortune unveiled more details of the project. This is a new Viacom (MTV Networks parent company) endeavor called Flux, which is growing out of what once was Tagworld. Rather than being a "destination" social network, Flux is a distributed platform of social-media features that will be installed on select Viacom niche sites (like the Subterranean Blog, which we pointed out in our original post). It's powered by Social Project, the company formerly known as Tagworld, which Viacom … Read more
The coolest after-dark attractions just have to be across the pond, don't they? I'm drooling over screenshots of Twentyfour, which looks pretty darn awesome (though who knows what the crowd's like). With over a thousand LED color combinations available, this is one place where the decor won't get boring--and did I mention the walls are actually projection screens?
The video walls kind of remind me of the Nokia flagship store in Manhattan, but from what it sounds like, they're a lot more functional. Bar patrons can control, or even contribute their own scenery somehow--I should … Read more
Do we really need another social networking site? Apparently so, and we're not talking about start-ups here.
What we're hearing--and this is industry cocktail-party gossip, albeit a very believable variety thereof--is that MTV Networks is working on its own social network and we'll be hearing more about it pretty soon. We don't have a name, or a target demographic (Teens? College kids? Young adults?) or any semblance of screenshots. This is so hush-hush, in fact, that we aren't even sure whether it's an MTV Networks (as in MTV, VH1, MTV2, Spike TV and the … Read more