Valleywag
the olds
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jackpot
Is the great Facebook stock sale over?
Through the golden heart of every world-changing startup pulses an avaricious get-rich-quick scheme. Larry Page and Sergey Brin, the billionaire-boy cofounders of Google, established this doing-well-by-doing-good myth. But Mark Zuckerberg hasn't been able to make the same magic happen for his employees. In his efforts to make good by them, he may end up quashing a nascent market in Facebook shares. More » -
Sheryl Sandberg, Facebook stuck with each other
President-elect Barack Obama has picked Tim Geithner, president of the Federal Reserve Bank of New York, rather than former Harvard University president Larry Summers, as Treasury secretary. That makes it unlikely that Facebook COO Sheryl Sandberg, who worked for Summers when he ran the Treasury for Bill Clinton, will return to Washington.
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cubicle culture
Facebook less like a college dorm than you'd think
One imagines Facebook as a geek utopia, where hackers who dropped out of college play Rock Band all day, then stay up all night coding. The reality: It's as depressingly Dilbertian as any other company — and COO Sheryl "No-Fun" Sandberg is making sure it keeps getting more boring every day. Take the latest tiff we happened to hear about — in the social network's business-development department, the home of glad-handing charmers who negotiate deals. You'd think they'd be experts at sucking up to each other. Tim Kendall (shown left), the company's director of monetization — Valleyspeak for "guy who comes up with ideas to make money" — was left fuming after his boss, VP Dan Rose, instructed him in the art of time management. More » -
caption contest
French blue shirt, khakis shortage hits Valley hard
A tipster sent in this photo of Facebook's business-development team, taken in bubblier times at a September offsite in St. Helena, north of San Francisco, where they played a croquet tournament. (Rules about wearing white after Labor Day don't apply in northern California's bubbly clime.) Now more than ever, Facebook needs to develop a business; can this crowd swing their mallets? Suggest a caption in the comments; the best one will become the post's new headline. Yesterday's winner: godospoons for "Jerry Yang explains Internet to Best Buy employees." (Photo courtesy of a thoughtful tipster) -
facebook
Mark Zuckerberg wants to know how you feel
Why have social networks blossomed in as antisocial an environment as Silicon Valley? Because they allow computers to become a crutch for a task most engineers find imposing: dealing with other human beings. Turning relationships into a social graph that can be fed into a database and ruled by algorithms is a genius move for tech's clumsy savants. Alex French, a writer for GQ, interviewing Facebook CEO Mark Zuckerberg for a profile, wonders if his cold stare and cagey responses are an incredibly calculating attempt to intimidate, or merely a sign that he's awkward. Either way, Zuckerberg shows a disdain for displays of emotion. Asked if he celebrated Microsoft's $240 million investment in Facebook, Zuckerberg seems puzzled by the question's premise. And yet emotion is at the core of Zuckerberg's plan for world domination. More » -
nerdfight
Facebook goes head to head with Google PR -- and blinks
Mark Zuckerberg's social network has lost much of its swagger over the past year. He once thought nothing of poaching Google's best and brightest; then Google started poaching back. After Facebook's flacks learned that Google had scheduled its holiday press party on December 8, the same day as Facebook's planned media fest, they rescheduled for December 10, rather than fight for reporters' affections. Embarrassing — especially considering that Facebook's top PR guy, Elliot Schrage, came from Google himself. -
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randi zuckerberg
Facebook CEO's sister turns on her Valley friends
Randi Zuckerberg, the limelight-seeking sister of Facebook CEO Mark Zuckerberg, has learned a key lesson of media success: As you scale the ladder, make sure to jab your stiletto heels into the faces of those you climb over. Zuckerberg, whose day job is in Facebook's marketing department, has been writing weekly for former magazine editor Tina Brown's mostly ignored Daily Beast website since it launched — but only recently has she turned mean. We love it, of course. The target of her freshly poisoned pen: the hipster lip dub, those single-shot singalongs so popular with startups and would-be Internet celebrities. What Zuckerberg does write: "In case there was any doubt that the chief purpose of the Internet is to perpetuate narcissism, lip dub videos put that to rest." What she does not write: More » -
commenter of the day
Sir Winston Thriller
This time around, dotcom exuberance is a lot more restrained than the first one. Except for Facebook and its legions of workers. Today's featured commenter, Sir Winston Thriller, wonders out loud why exactly Facebook needs so many workers: More » -
mark zuckerberg
Why Facebook is still hiring
The revolving door at Facebook has been swinging less of late. Two top designers, Katie Geminder and Eston Bond, left in August and September. But the economic crisis seems to have scared the rest of the social network's staff into their seats, wondering when the ax will fall. There have been no layoffs, but we keep hearing tips from inside there's a hiring freeze on. In fact, there's not: Facebook's unofficial second-in-command, COO Sheryl Sandberg, asked CEO Mark Zuckerberg to institute a freeze, and got turned down cold. More »
