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Facebook IPO News Recap: Everything You Missed From The Social Network's Big Day

Posted: Updated: 05/19/2012 12:36 pm

Facebook Ipo News

Facebook's anticipated public debut failed to impress on Friday.

The stock price rose only modestly, and underwriters stepped in to hold it above its opening price. After much buzz and high hopes for the new stock's performance, the day ended with more of a wimper than the bang that many had anticipated.

If you missed out on all the action, we've rounded up highlights from the coverage of Facebook's big day.

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Are you sick of all this Facebook talk? Looking to ditch the social network for good? Take a look at these 10 hipper alternatives to Facebook:
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  • Pinterest

    Certainly the hottest new social network, Pinterest doesn't have all the functions and features of Facebook quite yet -- basically, you're just posting photos to your different boards, which you can categorize by interest or hobby or whatever. You can also follow your friends' boards and comment on their pins. And that's it. Pinterest is a simple, visual concept that has a huge, vibrant community of active users. It <a href="http://techcrunch.com/2012/02/07/pinterest-monthly-uniques/" target="_hplink">hit 10 million users faster</a> than any other social network and is now the <a href="http://www.huffingtonpost.com/2012/04/06/pinterest-traffic-growth_n_1408088.html" target="_hplink">third most popular social network</a> in America, trailing only Facebook and Twitter. <br> <br> You can <a href="http://pinterest.com/" target="_hplink">request an invitation to join Pinterest here</a>.

  • Tagged

    Tagged has a remarkably similar arc to Facebook: Also founded in 2004, and also originally tageted at young people, Tagged is now open to everyone and allows you to customize your profile, play games, message friends, post photos, and meet new people. It has more than 300 million users and more than twenty million monthly active users -- not too shabby, and perhaps worth a look if you want a robust Facebook alternative that's not going anywhere. To see what Tagged is all about, check out this video introduction for beginners. You can <a href="http://www.tagged.com/?" target="_hplink">sign up for Tagged here</a>.

  • Path

    Path is one of several new social networks that seeks to improve on Facebook by making the experience more private and personal: Users are limited to 150 friends on the mobile-only service. A user is instructed to only add his or her closest friends, or anyone you'd invite to your birthday party; the average Path user <a href="http://www.nytimes.com/2012/04/15/business/path-familyleaf-and-pair-small-by-design-social-networks.html" target="_hplink">has 40 connections</a>. Path is sort of like a daily online journal that you open to your friends: You can post photos and videos using your smartphone's camera, update your location, share what songs you're listening to and more. Path has been praised for its intimate feeling and clean design. For more on this social network and its mission statement, check out the introductory YouTube video. (Ignore the Thai -- it's in English). <br> <br> You must have an iPhone or Android phone to participate in Path; a BlackBerry app is apparently on its way. Path has about a million active users, per a <em>recent <em>New York Times</em> article</em>.

  • Pair

    Speaking of intimacy: Pair is a social network in which you can only have one connection, as its name implies. Pair is a sharing service for couples (or really good friends, I suppose), available on Android and iPhone. It takes privacy to the extreme: Pair calls itself a "timeline for just the two of you, where you can post cute video messages and photos that no one else will see." Your significant other may be forcing you to join it any day now. On Pair, you can share photos, videos, location, and to-do lists; you can also play Tic-Tac-Toe with one another and draw sketches in real-time. One of the most precious features of Pair is its "thumbprint" feature, on which you and your partner can virtually press your thumbs together. Like Pair as a whole, you will probably either find this adorable or schmaltzy. Path is available for free <a href="http://itunes.apple.com/us/app/pair/id503663173?mt=8" target="_hplink">in iTunes</a> and <a href="https://play.google.com/store/apps/details?id=com.tenthbit.juliet" target="_hplink">the Google Play store</a>.

  • Highlight

    The number of social networks based on your current location, and your proximity to other users of an mobile application, is on the rise. These "social-location-mobile" (SoLoMo) apps dominated the recent South by Southwest festival, and the app that got the most press was Highlight. Highlight is iPhone only, and the mobile app hooks up with your Facebook and notifies you when you are near a friend, or a friend of a friend, or another Highlight user with similar interests. You can view this person's Highlight profile, and if you're intrigued, you can message that person and perhaps make a new friend or connection. Highlight CEO Paul Davison explains the app to Anderson Cooper in the accompanying YouTube video. Highlight is <a href="http://itunes.apple.com/us/app/highlight/id441534409?mt=8" target="_hplink">available for free in iTunes</a>.

  • Circle

    Circle is, like Highlight, an app that tells you who's around you; unlike Highlight, it has a very pleasant design and lots of options for what information you share publicly and who can see you. You sign up for Circle with your Facebook account; the iPhone-only app shows you when Facebook friends are nearby, and also when friends of friends are close. You can choose to toggle on and off public visibility, if you don't want to be visible to friends of friends. Your profile shows your different Facebook networks (your college, high school, hometown, etc.) and you also have a mini-bio with your name, relationship status and interests. All of this can be toggled on and off as well. Circle is available <a href="http://itunes.apple.com/us/app/circle-whos-around-you/id488720081?mt=8" target="_hplink">on iTunes</a>.

  • Kismet

    Another social location app for your iPhone, Kismet shows you who's around and lets you chat with your nearby neighbors; it also allows users to check in on Foursquare and see which other Kismet users are at their location. Kismet boasts a nice map view, which allows you to see a broad view of other Kismet users around you; there's also an invitation feature that allows you to invite your friends and other users to meet up at a certain place and certain time. You can <a href="http://itunes.apple.com/us/app/kismet/id490929215?mt=8" target="_hplink">download Kismet for iPhone here</a>.

  • Ban.jo

    Our final SoLoMo app (and hopefully the last time I will ever have to write "SoLoMo" ever again) is Ban.jo, which differentiates itself by being available for iPhone AND Android AND on the web. Accessibility! Aside from cross-OS availability, Ban.jo is more of the same: See who's currently around you in list or map view, message nearby folks, check in and update LinkedIn, Twitter, Foursquare and Facebook. Ban.jo is also the only one of these apps publicizing the number of users it has: Its press kit claims that Ban.jo has over one million users worldwide in 185 countries. You can download Ban.jo <a href="http://itunes.apple.com/us/app/ban-jo/id417076117" target="_hplink">for the iPhone</a> or <a href="https://play.google.com/store/apps/details?id=com.banjo.android" target="_hplink">for Android</a>; you can also <a href="http://app.ban.jo/?__utma=18700074.216795228.1337200636.1337200636.1337200636.1&__utmb=18700074.4.10.1337200636&__utmc=18700074&__utmx=-&__utmz=18700074.1337200636.1.1.utmcsr=google|utmccn=(organic)|utmcmd=organic|utmctr=(not provided)&__utmv=-&__utmk=204321424" target="_hplink">try it out at Ban.jo's website</a>.

  • Nextdoor

    Nextdoor is a social network for neighbors and neighborhoods. You join with your home address and are immediately placed into a home neighborhood; all of your connections, and all the content you see in your feed, comes from those that live near you. You don't have to make your address visible to your neighbors, but you do have to verify that you live there with Nextdoor in order to use the site. After you join, using Nextdoor is like a mix of browsing Craigslist and using your community bulletin board. You can find out what's happening in your 'hood and get recommendations for different local businesses and services; there's also a classifieds section for buying and selling. You can check out Nextdoor's pitch in the accompanying video. You can <a href="http://nextdoor.com/" target="_hplink">sign up for Nextdoor for free here</a>.

  • Roamz

    A mobile app for Android and iPhone, Roamz brings in information from Twitter, Foursquare, Instagram and Facebook to let you know what cool stuff is happening around you -- "where the locals go," it claims. That's the real draw of Roamz. It's a social network where you can post status updates and photos and also get information about the places nearby. Check out a video for the app -- which its creators call "Social Googles for the Real World" -- on the left. You can download Roamz for <a href="http://itunes.apple.com/us/app/roamz/id459343660?mt=8" target="_hplink">free for iPhone</a> or <a href="https://play.google.com/store/apps/details?id=com.roamz.app&feature=search_result#?t=W251bGwsMSwxLDEsImNvbS5yb2Ftei5hcHAiXQ.." target="_hplink">for Android</a>.

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Facebook's anticipated public debut failed to impress on Friday. The stock price rose only modestly, and underwriters stepped in to hold it above its opening price. After much buzz and high hopes ...
Facebook's anticipated public debut failed to impress on Friday. The stock price rose only modestly, and underwriters stepped in to hold it above its opening price. After much buzz and high hopes ...
Filed by Catharine Smith  | 
 
 
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This user has chosen to opt out of the Badges program
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08:01 PM on 05/21/2012
I could not care les
sulafineart
Microb-io.
08:37 AM on 05/21/2012
I wonder if HP will give equal frontpage cover to the FB flop today (Monday) just like they did before the IPO to hype up and boost their public perception.
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HUFFPOST SUPER USER
wilray
50,000 Screaming Fans (Ignore that other number)
09:32 PM on 05/20/2012
Zoidberg made out like a bandit.
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HUFFPOST SUPER USER
mikeydjd83
09:15 PM on 05/20/2012
"Facebook’s initial public offering this week may serve as a useful reminder that sometimes our best intentions are disregarded."

Experience Life among the Ordinary and read the first segment of a two part series on Unintended Consequences at

http://lifeamongtheordinary.blogspot.com/2012/05/unintended-consequences-part-one.html
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HUFFPOST SUPER USER
bigshotprof
Pre-moderated for your protection
04:55 PM on 05/20/2012
This offering definitely set a record for the least records set!
03:15 PM on 05/20/2012
Mark Zuckerberg is officially:
- The Establishment
- The Man
- Big Business
- The TOP 1%
- Just like Bill Gates, Steve Jobs, Warren Buffett, Richard Branson, Ted Turner & Russell Simmons
10:44 AM on 05/20/2012
What we need is direct human contact, the kind that involves massive amounts of information and interpretation. We need to feel and create human emotion to truly connect. Understanding, empathy, inspiration should swirl about when we connect individually or as a community.

Reconnecting is often a vain attempt to recapture what was or fix what shouldn't have been. It's the now and future that matters. Meaningful presence can not be digital, it must be in real time and in real space. We're already far too isolated as we cram closer together.

What we have here is faux humanity.

Facebook is a cold place to pretend you're in warm comforting familiar surroundings. You can't expect anymore from people that lack life experience. They sit in front of glowing screens building products we don't need and distract people from the more difficult and rewarding life of face to face human contact.
lurkinman
Clear thinking is best served non-partisan
01:35 PM on 05/20/2012
Yeah, but how would you know when one of your friends arrives at Starbucks, huh? Huh?
gotch
..just having my say...
03:55 PM on 05/20/2012
We can do BOTH: Facebook and direct human contact. ;-)
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HUFFPOST SUPER USER
Marturia
Are we there yet?
04:59 PM on 05/20/2012
I agree. Direct human contact is great for those people you really want to be around. Facebook is great for finding out how certain family members are doing without having to personally deal with them. Haha.
09:56 AM on 05/20/2012
facebbok and mark rocks..

http://phpflow.com/
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HUFFPOST SUPER USER
maxwelldog
even if i don't go anywhere, I'll still be late.
09:18 AM on 05/20/2012
Gosh, the sheer brilliance of kicking off their new stock and combining it with kicking off a Mother and her small child.

Probably will make stocks soar!

http://www.huffingtonpost.com/2012/05/19/heather-walker-memphis-mother-facebook_n_1529609.html?ref=mostpopular

Oh...wait. Maybe I mean, should make stocks "sore"...

Since it appears that this was "business as usual" I believe I will be gathering my friends to give them my blog e-ddress and closing accounts BEFORE they start charging, like Ning did a couple years back.
08:49 AM on 05/20/2012
Look for FB to eventually offer a "premium service" version of FB for about $10 per year. If they get 10% of their users to sign up that is a cool ONE BILLION a year in extra revenues above and beyond ad revenues....and what if they improve facebook to the point that half of their users sign up....a cool 5 billion a year based on current numbers.

Facebook has proven that it is "addictive" to many of their users and IF they use the IPO funds to truly make it better and better look for the current 1 billion users to double.

I think it is naive to think that FB will not figure out more ways to make money other than through ads. There are MANY ways to provide premium experience/service to premium members for a fee.

All the naysayers will vanish into the woodwork and claim they knew it all the time when facebook shares hit google levels. A billion users offers a LOT of potential for revenues.
Once upon a time everyone watched tv for free...then along came cable services and customers were willing to PAY for what used to be free because it offered a better experience. Watch for FB to offer services that will be WORTH a fee.
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HUFFPOST SUPER USER
maxwelldog
even if i don't go anywhere, I'll still be late.
09:20 AM on 05/20/2012
probably not. Several have attempted to charge for a "premium" site, and yet, they end up closing down.
Why?
Because they already GET a shovel full of dough without the "premium" so, knowing that, people just leave. Simple.
lurkinman
Clear thinking is best served non-partisan
01:28 PM on 05/20/2012
The TV vs. cable analogy never works, because we used to only have 4 channels, expanded by cable to dozens then hundreds.

FB is going to have to find some REALLY hot new things to add to "basic" FB to get a billion people to start paying for it. Especially since virtually nobody pays for ANY websites.
This user has chosen to opt out of the Badges program
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08:34 AM on 05/20/2012
How many stupid people bought Zuckerberg's ego? If it goes to a trillion, FB is still stupid.
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HUFFPOST SUPER USER
mojo filter
Hikeeba.
07:57 AM on 05/20/2012
Yet another wildly overvalued tech stock. And the tech bubble was just 10 years ago. People have short memories.
07:04 AM on 05/20/2012
Facebook is a scam and Zucky is just a little boy hustler. Tell me what Facebook has to sell???

What COMMODITY??? It's NOTHING!
lurkinman
Clear thinking is best served non-partisan
01:29 PM on 05/20/2012
They sell lots and lots of advertising, and advertisers seem to be flocking to their 900,000,000 users. You'd think we'd not have to explain that to you.
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Marturia
Are we there yet?
05:05 PM on 05/20/2012
GM was a major advertiser and just recently dropped FB because of lack of interest. And that was right before the hype of FB going public. If the stock falls in the next few months, there may be a mass exodus of advertisers.
This user has chosen to opt out of the Badges program
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09:57 AM on 05/21/2012
Hence the talk of turning it into an online store. iFaceazon.
07:02 AM on 05/20/2012
I've got some AIR for you to buy,ha! Hyped air, ha!

In 6 months the corporate shills will be CHARGING to belong to Facebook. You know it will be the " delux package" without adds etc etc. WITH special privilages, ha, ha, ha.

How else are they gonna meet their Wall Street targets???

IT'S A SCAM FOLKS. DON'T WASTE YOUR MONEY
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HUFFPOST SUPER USER
maxwelldog
even if i don't go anywhere, I'll still be late.
09:26 AM on 05/20/2012
Not that I disagree with your assessment of selling nothing for something, but, ten years ago, I could get air for my car tires for free.
Today it costs a buck at the gas station.
That's why I bought a tire inflater for home.
(made in Canada)
lurkinman
Clear thinking is best served non-partisan
01:32 PM on 05/20/2012
The same team manages Facebook today as did before the IPO, and Zuckerberg still is the majority stockholder and controls the Board of Directors. Ha, ha, ha.

The only thing that is likely to happen is finding a way to charge users for something for more revenue. I'm guessing apps and games.
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HUFFPOST SUPER USER
Nathaniel Gorny
You are EveryWishEveryStar
05:21 PM on 05/20/2012
Games already fork over a percentage of there sales (through Fb Apps) to facebook. Hence "FB Credits" and yes.. Apps that have a service payable 'via internet' are next...
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ponyloco
citizen @ large
05:30 AM on 05/20/2012
I get the strangest visceral reaction of disgust every time see a photo of mark zuckerberg...

Just like i get a strong sense of awe anytime I come across a photo of Karl Largerfeld...

They both have a terrible look, but at least Karl has a comedy about him...

Zuckerberg impresses me as a smug momma's boy - the kind of kind of kid who wouldn't let you borrow his video games if you were friends with him in your youth...

and there have it! My useless and pointless rambling on that matter...
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HUFFPOST SUPER USER
maxwelldog
even if i don't go anywhere, I'll still be late.
09:28 AM on 05/20/2012
Well, I'll fan you for your honesty, because in this day and age, that means a lot.
On the other hand...don't focus on my avatar too much, else you'll be asking me to unfan you

d=^))
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ponyloco
citizen @ large
02:20 PM on 05/20/2012
i actually like your avatar - beats a photo of Zukerberg!