Posts Tagged ‘twitter’

Vine Goes Global With Added Language Support

November 22, 2013  |  All Things Digital  |  No Comments

Vine, the six-second video-sharing app acquired by Twitter last year, announced support for 19 new languages on Thursday. The expansion is focused mostly on European and Asian countries, areas where Vine’s sister app, Twitter, is seeing some of its fastest growth.

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Salesforce Went Down for About Three Hours Today in North America and Europe

November 15, 2013  |  All Things Digital  |  No Comments

A system update that went awry appears to be the cause of a failure that took Salesforce.com down across much of North America and most of Europe. In some cases, the outage lasted for as long as three hours. Salesforce acknowledged the outage on its System Status page , which shows that seven out of 17 instances in North America were affected, as were two out of four in the Europe, Middle East and Africa region. Two instances in the Asia Pacific region were unaffected. According to a Salesforce statement, the problem began at a little before 9 pm ET last night. If you were trying to use Salesforce.com during the next three hours or so in the affected regions, you probably had trouble signing on. The company said the preliminary findings point to planned maintenance on networking equipment that clearly didn’t go as planned. The timing could have been better. On Monday Salesforce will report quarterly earnings. And, on the same day, the company’s Dreamforce conference gets under way in San Francisco. CEO Marc Benioff is giving a big keynote address on Tuesday that will more or less set the table for Salesforce’s agenda in 2014. A lot of people took to Twitter to express their frustration. Here’s one. @salesforce is having a major outage for 2+ hours now. Many nodes down. It seems we’re at the mercy of our cloud providers. — David Friedlander (@i_am_davidf) November 15, 2013 Anyway, here’s Salesforce’s statement, referring specifically to its NA2 instance in North America, but the message was the same across all the others.

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Twitter Shares Down on Second Day Opening

November 8, 2013  |  All Things Digital  |  No Comments

After a brief rise on Friday morning, shares of Twitter slipped in the second day of trading. The stock saw an early two-point slide for a four percent drop. As of mid-Friday morning, TWTR was trading at around $42.50 per share. That’s down from its Thursday debut price of $45.10 , but still up more than 70 percent from the $26 per share at which the stock was originally priced. Chatter around the company’s debut continued into Friday, with commenters dividing into two camps — those who thought Twitter’s massive stock price pop was a good thing for retail and major investors and those who argued that with the surge of nearly $20 up from its pricing, Twitter left more than $1 billion on the table . As analysts have reiterated, most of the early clamor for Twitter shares has been all on the promise of the company one day delivering big returns; as of today, Twitter is relatively small in both revenue and user numbers compared to its competitor Facebook, and continues not to turn a profit.

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QOTD: #happyholidays

November 8, 2013  |  All Things Digital  |  No Comments

Had Twitter priced at $45.10 per share and used the extra proceeds to give out holiday bonuses, it would have worked out to more than $580,000 per employee. – Fortune’s Dan Primack

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#ThrownOutByTwitter: Upset San Franciscans Plan IPO Day Protest

November 6, 2013  |  All Things Digital  |  No Comments

Many newly minted millionaires will be tweeting all the way to the bank come Twitter’s IPO kickoff. But at least a few San Franciscans won’t be celebrating. Activist group San Francisco Rising has planned a protest to occur outside of Twitter’s Bay Area headquarters on Thursday morning, an attempt to remind the company of the “severe crisis of affordability” other non-millionaire San Francisco residents face. Twitter plans to list its shares on the New York Stock Exchange on Thursday, and could raise up to $1.75 billion in the offering. The group’s biggest beef: Twitter received a nice tax break from the city of San Francisco in 2011 , a deal that ultimately kept the fast-growing company from exiting the city and relocating to another, as it threatened to do years ago. But because of that break, the city stands to lose up to $50 million in possible taxes. That’s a massive amount of cash that, according to San Francisco Rising, could have been funneled into the city’s general fund and used to promote social services and public health initiatives. (Counterpoint: Were Twitter to have left the city, San Francisco would have seen no payroll taxes from the company whatsoever.) Not to mention the part that Twitter may play in San Francisco’s staggeringly high property rental rates. “An average one bedroom apartment here is $2,800 a month,” the group wrote on its website

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Twitter Raises Share Price Range Ahead of IPO

November 4, 2013  |  All Things Digital  |  No Comments

Twitter on Monday raised the price range for its shares in the days before its initial public offering, placing the range at $23 to $25 per share. With the new range — which was upped from its previous spread of $17 to $20 per share — the company could raise up to $1.75 billion in its public market debut.

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The NYT’s Nick Bilton Talks About His Book on IPO-Ready Twitter (Video)

November 3, 2013  |  All Things Digital  |  No Comments

I always like to indulge in a little log-rolling in your time, but this video interview I did with New York Times columnist Nick Bilton about this new book is pretty fun. “Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal” comes officially comes out on Tuesday. But it is already being reviewed and munched over by many for its many controversial stories about the founding of San Francisco-based social microblogging phenom. Including: Former CEO and co-founder Jack Dorsey fired! Former CEO and co-founder Evan Williams hired! Dorsey returns! Williams fired! Current CEO Dick Costolo hired! Costolo almost fired! Essentially, it is like a Spanish telenovela over there at Twitter, except it’s all dudes falling in and out of bromances. Bilton noted to me that it reads like a mystery novel, akin to the game Clue. As in: Board member and VC Peter Fenton in the server room with a virtual hammer! Since Twitter is going public this week — ya might have heard — Bilton’s timing could not be better. Here’s my interview with Bilton, who showed up at my house in the Castro on Halloween night. (It is an annual costume apocalypse in my neighborhood, so this guy really wants to sell that book!) Here’s the interview: [ See post to watch video ]

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Twitter Faces $124 Million Lawsuit Over Private Share Sale

October 30, 2013  |  All Things Digital  |  No Comments

Two financial firms filed a $124 million lawsuit against Twitter on Wednesday, just days before the microblogging company is set to debut on the New York Stock Exchange. The firms, Precedo Capital Group and Continental Advisors, alleged that Twitter intentionally orchestrated a failed private sale of its shares in an attempt to increase investor interest before the company’s initial public offering. According to the suit, “Twitter’s intention was to induce Precedo Capital and Continental Advisors to create an artificial private market wherein Twitter could maintain that a private market existed at or about $19 per share for the Twitter stock,” the document states. That, in turn, would allow Twitter to set an artificial price floor for its IPO near the top of the $17-$20 price range it had set, giving the company a $10.9 billion valuation at most. “We’ve never had a relationship with these plaintiffs,” Jim Prosser, a Twitter spokesman, told AllThingsD . “Their claim is completely without merit.” The firms allege that Twitter was motivated by the problems around secondary market share sales that would eventually plague Facebook’s IPO, and sought to avoid an excess of shares hitting the market. To do this, the firms said, Twitter terminated an agreement it had with GSV Asset Management — an approved Twitter stock buyer — in which GSV was allowed to sell nearly $280 million in Twitter shares on the secondary market. Precedo Capital and Continental Advisors intended to purchase shares from GSV through that since terminated agreement, but now allege that Twitter never intended to allow the stock sales to occur. Read the lawsuit in its entirety below. View this document on Scribd

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Samsung to Developers: Come Play for the Biggest Team (And the One With TVs)

October 28, 2013  |  All Things Digital  |  No Comments

Given how big of a deal Samsung phones, tablets and TVs are, it’s strange that the company’s first developer conference was held only today. Tardy though it may be on the developer-wooing front, Samsung claims it has an edge on its rivals and their more mature platform efforts. “We have tremendous potential for upside, because we’re just getting started on this,” said Gregory Lee, the president of Samsung Telecommunications America. “It’s not like we’ve been doing it for a long time.” Plus, there’s a secret weapon. Samsung would like its leadership in smart TVs to help pull along its mobile platform — which is already massive among users, but not yet developers. Samsung developer head Curtis Sasaki, as seen from the SDC stage , as part of a demo of Twitter for Android supporting Samsung pens to draw on top of tweeted photos. Lee said Samsung was hosting an unexpectedly large audience of 1,300 at the first-ever Samsung Developer Conference in San Francisco, as the company introduced five new and improved software development kits for its various devices.

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Twitter to Wait Until After IPO to Name Woman — Likely With International Cred — to Board

October 28, 2013  |  All Things Digital  |  No Comments

According to sources close to the situation, Twitter is planning on waiting to name its first woman to its board until after its IPO, which is set to take place next week. The move makes some level of sense, mostly because it would be difficult to have any new board member join the San Francisco-based microblogging company now, given that person would have to sign off on the public offering with little knowledge of its details. Sources also added that while many are expecting Twitter to seek out a female director with media or tech experience — and there are many laudable candidates in both those areas — the company’s execs, especially CEO Dick Costolo, believe one with international expertise is more important. The reason is clear — Twitter is a global player and runs into thorny issues all over the world around the proliferation of its open service. You might imagine in the future, as it grows, that the company will face even more international conundrums that it will need a lot of mental heavy-lifting to work out. While the board had put former Secretary of State Hillary Clinton on the top of its overall list, she has not been contacted about joining as a director. She’s also likely to be not available either, especially given she is expected to run for the Democratic nomination for President of the United States in the 2016 election. ( Sorry, but she’s busy, boys! While Twitter chairman and co-founder Jack Dorsey will be bummed, most there actually considered her a very long shot.) The number of women with international experience is also long. But if I were to bet whom Twitter is considering for its top picks, I would name only two: Condoleezza Rice and Madeleine Albright. Albright, among her many diplomatic roles, was the first woman to become the Secretary of State, named in the Clinton administration. She is now an international relations professor at Georgetown University’s Walsh School of Foreign Service (disclosure: I went there) and also is chairman of the Albright Stonebridge Group, a global strategy firm

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