Tag Archives: social media

As Social Sites’ Shares Fall, Some Hear Echo of 2000 – NYTimes.com

28 Jul

Is “social media” hitting a wall? Like maybe it’s not very deeply social?

Several companies that were supposed to be the foundation of a new Internet era plummeted this week as analysts and investors downgraded their dreams. There were instant echoes of the crash of 2000, when the money stopped flowing, the dot-coms crumbled and Silicon Valley devolved into recriminations and lawsuits.

Shares of Facebook stumbled to a new low Friday after its first earnings report revealed a murky path to any profit that would justify its lofty valuation. The heavily promoted $100 billion company on the eve of its May debut is now a $65 billion company and persistently headed south.

via As Social Sites’ Shares Fall, Some Hear Echo of 2000 – NYTimes.com.

Pink slime monster runs amok – Food – Salon.com

3 Apr

The makers of pink slime are on the run. One slime producer, AFA Foods Inc. has filed for bankruptcy; another, Beef Products Inc., is closing plants.

… only in the last few weeks has pink slime captured the national consumer consciousness, and in doing so provided us with just the latest example of how quickly social media grass fires can become conflagrations with real dollar-and-cents consequences. On March 5, the Daily reported that the USDA was holding firm to its plans to buy 7 million pounds of pink slime for its national school lunch program. The very next day Bettina Siegel, a blogger who writes extensively about food and kids, created a petition on Change.org titled “Tell USDA to Stop Using Pink Slime in School Food.” Within a week the petition had over 200,000 signatories and an Internet frenzy had been born.

Fox News columnist Dan Gainor would have us believe that the real villain here is ABC News, which jumped on the anti-pink slime bandwagon with particular passion, but make no mistake, “pink slime” is a semantic framing that was born for the Twitter era. When you have only 140 characters to spread the news, “pink slime” packs all the wallop you need. The process itself, in which fatty trimmings left over at the slaughterhouse are heated, disintegrated via centrifuge, and then dosed with ammonia, is easy to express in a simple Facebook illustration. We saw it with Susan G. Komen for the Cure and we saw it with SOPA — when the social media masses get a bee in their bonnet, they can’t be stopped.

via Pink slime monster runs amok – Food – Salon.com.

Wall Street Protest Spurs Online Conversation – NYTimes.com

8 Oct

Inspired by the populist message of the group known as Occupy Wall Street, more than 200 Facebook pages and Twitter accounts have sprung up in dozens of cities during the past week, seeking volunteers for local protests and fostering discussion about the group’s concerns.

Some 900 events have been set up on Meetup.com, and blog posts and photographs from all over the country are popping up on the WeArethe99Percent blog on Tumblr from people who see themselves as victims of not just a sagging economy but also economic injustice.

via Wall Street Protest Spurs Online Conversation – NYTimes.com.