Showing posts with label Social Network. Show all posts
Showing posts with label Social Network. Show all posts

Stop being so stupid, US voters tweet


The roiling debate over the US government shutdown is extending to Twitter, Facebook and Instagram as fed-up Americans turn to social media to register their disgust with federal lawmakers for shutting down the government.

Those posting pulled no punches, calling members of congress 'immature', 'stupid' and 'idiots' who need to 'grow up'. There were a few attaboys, too, by self-described red-state conservatives who cheered on the Republican leadership's unwavering stance against President Barack Obama's healthcare plan, even if it meant suddenly pulling the pay cheques of about 800,000 federal workers and threatening popular federal programs.

But mostly, tweeters said they couldn't understand why a compromise between the two sides seemed so elusive.

'(hash)DearCongress, You should not be getting paid. In fact, you all should be fired!' tweeted Bruce Swedal, a 46-year-old Denver real estate agent who says he is worried about what the shutdown might do to home sales if federally backed loans dry up.

The public outcry playing out on social media sites this week is a new twist.

During the last shutdown of government operations, in 1995, angry Americans would have had to look up their congressman's address and sit down and write an old-fashioned letter or email. But with the advent of Twitter, popular hashtags like (hash)governmentshutdown and the Today show's (hash)DearCongress let voters log their complaints to all 532 members of congress at once - provided they stay within the allotted 140 characters or less.

Voters also weighed in on the more humorous side of things, offering pick-up lines that federal workers could use in bars, some of which were advertising cheap drink specials throughout the day to those furloughed.

'The library is closing, mind if I check you out instead?' one person offered with the hashtag (hash)ShutdownPickupLines.

Added another tweeter: 'It's not like we have to go to work tomorrow.'

For their part, legislators used Facebook and Twitter to reiterate long-held talking points, further angering dissenting voters.

Republicans said Obama's healthcare program would be too catastrophic to allow, while Democrats accused Republicans of sending the government into a free fall to appease a small minority.

House Speaker John Boehner's post urging Senate Democrats to back down earned more than 13,000 'likes' on Facebook and an additional 13,000-plus comments from voters, either hailing the Ohio Republican as a hero or calling him everything from a 'crybaby' to a 'terrorist'.

House Democratic leader Nancy Pelosi's Facebook post blaming Republicans for the shutdown earned fewer than 2200 'likes' and 1400 posts.

Meanwhile, federal programs used Twitter to announce that they would no longer be responding to tweets or other social media posts until the shutdown ends. Even the first lady, Michelle Obama, said her own personal tweets would be limited.

One Twitter account, which for two years has been providing detailed updates on NASA's Voyager 2 program, offered this less-than-comforting post before going dark: 'Due to government shutdown, we will not be posting or responding from this account. Farewell, humans. Sort it out yourselves.'

Swedal, the Denver real estate agent, said in a telephone interview that he doesn't think his tweets will make a difference. In the end, he says, politicians are likely to do whatever they want.

'But at least I feel better,' he said.

source: skynews.com.au

Facebook falls flat in market debut


NEW YORK — Facebook shares stumbled Friday after an early surge faded, dampening optimism over the much-anticipated debut for the world’s biggest social network.

The stock appeared headed for a flat close after a roller-coaster session.

The shares, priced at $38 on Thursday in the largest-ever initial public offering (IPO) for a technology company, jumped 12 percent to $42.55 in the opening Nasdaq trades but within minutes fell back to the offering price.

A midday rally pushed the price back up but just ahead of the close the price fell back to $38.

“The negativity in the market overall has put a damper on the IPO,” said Darren Hayes, a Pace University professor and former investment banker.

“It’s not uncommon in an IPO to see a big rise and then for the price to come back down, but I’m a bit surprised (by the market action) after all the hype.”

“I think there may be some skeptical investors who see some challenges in the long-term outlook of the company.”

Gerard Hoberg, an economist at the University of Maryland said there was enthusiasm from some buyers but skepticism from professionals.

“What I think is going on is you have a lot of bullishness from retail investors, people who use Facebook, and there’s a lot of those investors creating a lot of buying pressure,” he said.

“But professionals who were looking at the numbers behind Facebook had a lot more doubts, and that is cooling the issue quite a bit.”

Hoberg said the market introduction “is not a disaster by any stretch, and you also could say that the Facebook owners are quite pleased because they didn’t leave a lot of money on the table. But it will not be a pleasant taste in people’s mouths if Facebook falls below $38 anytime in the near future.”

A report on the Business Insider financial blog said the price did not fall below $38 because of a large number of standing orders at the offering price. The Wall Street Journal said the underwriting investment banks also stepped in to support the price.

Lou Kerner of the Social Internet Fund said the market action suggests the IPO was correctly priced.

“The company raised a ton of money, lots of early investors, employees, and founders were able to monetize shares, and it’s trading up a little, so the new investors did OK,” he said.

James Hughes, chief market analyst at London’s Alpari said “the real value of Facebook is not likely to be known until the hype of the IPO has died away and investor have been able to digest how the company is going evolve to be the money-making machine many expect it to be.”

source: interaksyon.com

Apple's Wozniak warns Zuckerberg on dangers of going public

SYDNEY -- Apple co-founder Steve Wozniak has warned Mark Zuckerberg about the dangers of going public as Facebook counts down to its hotly anticipated share offering.

The world's leading social network is expected to start trading on the tech-heavy Nasdaq on Friday and has set a price range of $28 to $35 for its shares, which would value the firm at between $70 billion and $87.5 billion.

Apple went public in 1980 and Wozniak, who is in Australia, said being exposed to the demands of shareholders was a tough lesson.

"All of a sudden you have shareholders that are directing the company and demanding answers and getting upset if things aren't going as well as they hoped," he told the Australian Financial Review Tuesday.

"Once you go post-IPO, all of a sudden Mark Zuckerberg can be more at the mercy of the owners.

"That is something to worry about and something they have to watch out for, but I think he has got a strong enough focus to continue on as he has been going, and I really hope it goes well for them."

Facebook's debut on Wall Street will make 27-year-old chief executive Zuckerberg a multi-billionaire with firm control of the company.

After the initial public offering, he will own 57.3 percent of the Silicon Valley firm in a stake valued at more than $15 billion based on how shares are expected to perform.

But there are dissenting voices about the listing.

Some analysts fear Zuckerburg will have to focus more on the bottom line than his vision that has made the company so influential and Wozniak admitted some of his happiest times were before Apple went public.

He told the newspaper that back then he and Apple co-founder Steve Jobs made decisions based purely on the motivation of making the best possible product, rather than impressing stakeholders.

Nevertheless, Wozniak said he would love to own shares in Facebook.

"I admire Mark Zuckerberg so much," he said.

"I think he is still able to think like a young idealistic person and is making decisions about what he thinks is right and wrong.

"He is genuinely more focused on openness and what people are getting from using Facebook, than he is on the money.

"It is really obvious for someone like me to look and see that."

source: interaksyon.com