Off the Media
A few years ago, sisters Dawoon, Arum and Soo Kang launched Coffee Meets Bagel: a dating site that serves users a potential match—or “bagel”—every day at noon. Users have 24 hours to decide whether they’ll “like” or “pass” on a match, and can only start messaging once they’ve both approved each other.
The Kang sisters pitched their dating app on Friday night’s episode of Shark Tank, where, after turning down the largest offer in the show’s history, they walked away empty-handed.
After the Shark Tank episode aired, Betabeat chatted with Dawoon to learn more about her and her sister’s experience.
At the New York Times, a trend is not a trend until it happens to a New York Times columnist.
For roughly a year now–almost six months since I wrote a wildly popular column about it for The Observer–Facebook has been pushing an utterly duplicitous and embarrassing business model.
The scheme: Facebook Read More
We’ve never paid particularly close attention to LinkedIn’s “Influencer” feature, which lets average Joe Job Hunter follow the public profiles of so-called Thought Leaders, mostly politicians and executives who use LinkedIn as a platform to share business insights.
Sure, we can understand why a business leader might choose the professionalized audience at LinkedIn over, Read More
A new Page
What must Facebook do to placate Mark Cuban? First, the Dallas Mavericks owner complained the company’s push for promoted posts was driving brands away. But now that the social network has introduced a new pages feed, he still isn’t happy. This morning–at 1:18 a.m., to be precise–he published a blog post with the teasing title of, “What I Really Think About Facebook.” Short versions: Drop the chairs and the “only connect” nonsense and admit it’s just a great, honking waste of time. So of course fans of the Dallas Mavericks Facebook page want to see every incidental update!
First, Mr. Cuban points out what Facebook has to say about how Newsfeed, Engagement and Promoted Posts work and why they filter the firehose. “FB believes that their news feed is an engaging information source. They seem to really, really want to make sure that you get the information that is most engaging to you,” he writes. “I honestly didn’t know this.” (Emphasis decidedly his.)
Mark Cuban and George Takei, take heart! The Dallas Mavericks owner and former Star Trek star have been kicking up a fuss of late about the way the social media site filters posts from Facebook Pages, suggesting that Facebook prevents their posts from showing up in users’ New Feeds as a means to selling promoted posts.
This morning, Dealbook honcho Andrew Ross Sorkin made his case for the villain in the melodrama that is Facebook’s bungled IPO: CFO David Ebersman, who gave the $38 offering price the go-ahead. His excessive optimism–so goes the argument–flooded the market with overpriced shares, which have since lost half their value, and now there’s no upswing in sight, and that means Mr. Ebersman, at the very least, deserves a public calling-out.
Well, Mark Cuban thinks that’s bullshit.
In a new blog post titled “Facebook Handled Its IPO Exactly Right,” he calls Mr. Sorkin’s conclusion “180 degrees wrong” then goes on an absolute tear in defense of Facebook’s IPO pricing. Short version: It’s not David Ebersman’s job to make sure you don’t lose money betting on Facebook.