Posts Tagged ‘New York Times’

Zynga Preparing To File IPO: Report

Published by pratyushkp on May 25th, 2011 - in Social, Technology

Image via CrunchBase

Zynga, the force behind wildly popular social games like Farmville, Mafia Wars, and FrontierVille, is preparing to file its initial public offering, writes All Things D‘s Kara Swisher, citing unnamed sources “close to the situation.”

According to All Things D, Zynga may file with the Securities Exchange Commission “as early as this week, or next week at the latest.”

The IPO follows hot on the heels of LinkedIn, which was predicted to touch off a slew of IPOs by Internet companies such as Groupon and Facebook.

The Wall Street Journal reported earlier this year that Zynga’s revenues in 2010–the company’s third year in business–reached $850 million, triple what it brought in in 2009. In May 2011, following a fresh round of funding just south of $500 million, the company was estimated to be worth around $10 billion. It’s likely that its valuation could rise significantly, especially given investors’ red-hot demand for social networking sites and Internet firms, which has sparked talk of a second tech bubble.

By comparison, LinkedIn brought in $243 million in revenue in 2010 and was valued at around $8.45 billion, post-IPO.

The New York Times wrote in January of this year that an IPO by Zynga was “said to be unlikely in 2011.” The Times reported, Zynga “is in no hurry for an initial public offering and unlikely to seek one this year, according to people with knowledge of the company’s plans.”

Read more at All Things D.

Source :- http://www.huffingtonpost.com

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For Top News Sites, Facebook Drives More Traffic Than Twitter

Published by pratyushkp on May 10th, 2011 - in Social, Technology
Image representing Facebook as depicted in Cru...

Image via CrunchBase

Facebook is a more valuable source of traffic to top news sites than Twitter, according a Pew Research Center study released Monday.

The study looked at Nielsen data from the 25 news websites with the highest number of unique monthly visitors. About 35% to 40% of traffic to the sites came from links on other sites, as opposed to readers typing in a URL directly or clicking to another page on the same site.

Unsurprisingly, Google dominated this referral traffic. On average, the company’s search and news products accounted for about 30% of all clicks. But Facebook also referred a significant percentage of each site’s audience.

The Huffington Post was boosted the most by Facebook referrals, which accounted for 8% of its unique visitors. The New York Times derived 6% of its traffic from the social network.

“These percentages represent only a fraction of the traffic coming from Google,” says the study. “But they make Facebook an influential and probably growing force. As Nielsen’s numbers show, few domains affect audiences this much.”

For all its success at breaking news, Twitter did not have the same effect. The site with the highest percentage of traffic from Twitter, The Los Angeles Times, could only credit the micro-blogging platform with 3.53% of its traffic. Twitter referred a much smaller percentage of traffic to other sites in the study.

Part of the discrepancy between Facebook and Twitter referrals is their disparate user bases. Facebook has more than 500 million users while Twitter has 200 million accounts — many of them inactive.

But referral clout is not just a question of user numbers. The Drudge Report, a veteran news aggregation site, was the second or third ranked referral site to more than half of the sites studied. For example, the Drudge Report provided more than 30% of traffic to British newspaper The Daily Mail, 19% of traffic to the New York Post, 15% to The Washington Post, and 11% to the Boston Globe.

 Source :- http://mashable.com

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First Credible Reports Of Bin Laden’s Death Spread Like Wildfire On Twitter

Published by pratyushkp on May 2nd, 2011 - in Social

If the Twitterverse is to be believed, President Obama is about to announce the death of terrorist and 9-11 mastermind Osama Bin Laden, in an impromptu announcement broadcast on Whitehouse.gov and TV this Sunday night at 10:45 EST.

The news actually hit Twitter before the President’s broadcast; CNN’s Steve Brusk first tweeted that the announcement was National Security-related at around 7:25pm PST.

The first credible sign of the imminent announcement of Bin Ladin’s death came from Keith Urbahn, the Chief of Staff for former Defense Secretary Donald Rumsfeld, who tweeted “I’m told by a reputable person they have killed Osama Bin Laden.” CBS news producer Jill Scott then confirmed the rumor shortly afterward with “House Intelligence committee aide confirms that Osama Bin Laden is dead. U.S. has the body.”

Both Urbahn and Scott’s tweets have been re-tweeted hundreds of times. (The NYT’s Brian Stelter has a more detailed account of how the news broke here).

The President’s monumental announcement came poignantly enough on the 8th anniversary of George Bush’s “Mission Accomplished” ceremony. Well it looks like the mission was finally accomplished. Unsurprisingly, “Osama Bin Laden” is now a Twitter trending topic.

What’s amazing is that the news is already out before the President has even spoken.

Update: The White House keeps pushing back the announcement, but CNN and the New York Times have just confirmed that Bin Laden was killed, with CNN adding the detail that the event took place in a mansion outside of Islamabad, Pakistan.

Update 2: The President has confirmed that Bin Laden was killed in an operation today in the city of Abbottabad, Pakistan (not Islamabad), after a firefight executed by a small team of US Human Ops troops.

Continue reading “First Credible Reports Of Bin Laden’s Death Spread Like Wildfire On Twitter” »

Tags: , CBS News, , Donald Rumsfeld, Jill Scott, , , , United States House Permanent Select Committee on Intelligence
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