The Facebook IPO was this week’s biggest story. The social media giant, which boasts 800 million members, is seeking a $75-$100 billion market valuation. But hold your horses, investors. A lot of that optimism could be empty hype. After all, look at the site’s requested valuation as a percentage of its 2011 revenue, and compare it to other tech giants like Google and Microsoft. Also, contrary to Mark Zuckerberg’s claim, most of the world does not, in fact, “have access to the internet or mobile phones.”
Norris Church Mailer, widow of Norman Mailer, died yesterday at 61 following a long battle with cancer. Mark Olshaker, president of the Norman Mailer Society, wrote: “She was the pilgrim soul who captured and won Norman’s heart and mind and who shared with him the last three decades of his life.”
“It’s hard to say what truly moves the needle. Bookstagrammers help in that they get images of your book cover out there (and they make them look so pretty!), and readers need to see a book a couple of times, in a couple of different places, before they are inclined to buy it.” Author Brenda Janowitz in Forbes about the surprising success of Instagram as a book marketing platform. See also Davey Davis from our own pages on the Insta-pornification of food.
Don’t expect to hear from Alan Moore anytime soon. He is withdrawing from public life after accusations that his comics include racist characters and too much sexual violence toward women according to an interview with Pádraig Ó Méalóid. He also took the opportunity to disparage society’s obsession with superheroes, which probably won’t win him any more fans. “To my mind, this embracing of what were unambiguously children’s characters at their mid-20th century inception seems to indicate a retreat from the admittedly overwhelming complexities of modern existence.”
In a big reveal to devout fans like me, The Simpsons creator Matt Groening finally copped to the fictional Springfield’s real-life inspiration: Springfield, Oregon. Of course this matter has been widely pondered before, and was perhaps even answered by Paul Nelson and his cohorts at SNPP.com.