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.”
“Every month, Literary Hub, Electric Lit, and Catapult engage more than two million people with serious writing and contemporary writers, instead of leaving them to play Candy Crush or what-have-you.” Meet the man behind Lit Hub, Electric Lit, and Catapult, Andy Hunter. For reflections on the world of print, Nick Ripatrazone writes on the literary magazine and getting paid.
John Green, Tina Fey, and “a book-swapping/speed-dating cocktail hour”: BookExpo America has taken over Manhattan’s Javitz Center, and if you live anywhere near New York we think you might want to check out the public BookCon event this Saturday. We’re not saying you’ll meet the love of your life, but maybe you’ll win the Hunger Games trivia contest.
The publishing industry is changing quickly, and Jellybooks is helping it happen. The company gives out free e-books to readers in exchange for their consent to track their reading habits. This data goes back to publishers to be used in the market. Our own Nick Moran asks if e-readers are as green as we think.