Twitter older than it looks

You could be forgiven for thinking Twitter was the latest example of youth culture.

From the ability to fire off grammatically-abbreviated updates about daily trifles to keeping tabs on celebrities, the fast-growing microblogging service has all the earmarks of a young person’s pastime.

But Twitter devotees are grayer than one might expect: The majority of Twitter’s roughly 10 million unique Web site visitors worldwide in February were 35 years old or older, according to comScore.

In the U.S, 10 percent of Twitter users were between 55 and 64, nearly the same amount of users as those between 18 and 24, which accounted for 10.6 percent of the total.

Twitter has seen its popularity explode in recent months, with the number of unique visitors to its site increasing by more than 1000 percent year-over-year in February, according to comScore.

Facebook game chief sees rebirth of social games

Gareth Davis, games chief at social networking giant Facebook, says we’re in the middle of a “renaissance” in casual video games, as users transform a once solitary activity into a social one.

“Game play is an essentially human activity, a social activity,” Davis said in an interview at the Game Developers Conference in San Francisco.

Facebook, which has 175 million active monthly users, has seen an explosion in application development since it opened its platform to third-party developers nearly two years ago. The site now boasts 50,000 applications, the largest category of which is games, with more than 5,000.

from Shop Talk:

L.A. keeps on (taco) truckin’!

kogi211Meet Kogi, L.A.'s newest celebrity.

It's not a buxom starlet or a hunky leading man, it's a Korean-themed taco truck that sells things like Korean short rib tacos to home-made ice cream sandwiches and daily specials.

In a city where taco trucks are as ubiquitous as New York City's hot dog vendors, Kogi has used technology lure fans.

kogi111It has a website, a few Facebook fan pages and diners can track its every move on Twitter.

Googler jumps ship

It’s been less than a week since Google reset the price of employee stock options in order to provide “better incentives for employees to remain at Google.”

Apparently Google’s President of Americas Operations Tim Armstrong didn’t get the memo.

On Thursday, Time Warner announced that Armstrong is leaving the Googleplex to take the top job as CEO of AOL.

from UK News:

Facebook’s Zucker punch

-- Tom Ilube is chief executive officer of online security firm Garlik. The views expressed are his own. --

Facebook's announcement that they are taking a new approach to their policies on the use of personal data is a quantum leap. By allowing users a greater role in its governance, the world's most popular social network has set the benchmark for all organisations holding an individual's personal information.

It is a brave and important move for Facebook: by allowing users to have a say in the way that their personal information is used and distributed, consumers will finally be allowed to take control of their digital identities.

Twitter has journalists chirping

News organizations are all a-twitter about Twitter: Is it a friend or a foe? Should it be embraced or eschewed? Will Twitter kill journalism or revive it?

As journalists learn about Twitter and how they can use it, they also write more about it. In the past day alone, there have been a handful of stories about Twitter.

The Miami Herald wrote about CNN’s Washington bureau chief David Bohrman talking about the importance of newer technologies like Twitter and YouTube. Bohrman said CNN has been using YouTube and Twitter to attract the more elusive younger audience, and had great success with the presidential-primary debates.

Facebook says Oops, (we) did it again

One day after Facebook CEO Mark Zuckerberg said the social networking site would stand by its revised terms of use, he capitulated and said Facebook would return to its old terms while “we resolve the issues that people have raised.”

Zuckerberg said Facebook would work on a “substantial revision.” In the meantime, members can voice their opinions — or as the case has been, give vent to their outrage — through “Facebook Bill of Rights and Responsibilities,” a group created by the networking site.

Here’s a sampling of the 4,229 wall posts so far:

“you guys are a major corp and you think im to believe for a second that you would not share all of our information to make some money for yourselves……PLEASE TELL US ALL ANOTHER LIE!!!!!!!!!!” (James Stull, Montreal, QC)

Facebook and the ownership society

Facebook has experienced its fair share of user revolts and public relations black-eyes in its five-year lifespan.

So CEO Mark Zuckerberg knows the drill when controversy is in the air and he moved with alacrity on the President’s Day holiday Monday to defuse the latest kerfuffle.

“We wouldn’t share your information in a way you wouldn’t want,” Zuckerberg reassured his flock of more than 150 million Facebook users in a blog post. “The trust you place in us as a safe place to share information is the most important part of what makes Facebook work.”

Sirius XM shares are — wait for it — higher!

Sirius XM shareholders have seen a lot of dark days — face it, we’re talking about a stock that dropped to 15 cents a share. But today isn’t one of them. At least so far.

Indeed, shares of the satellite radio company jumped 100 percent after Liberty Media Corp agreed to lend it $530 million, allowing Sirius XM and its leader, Mel Karmazin, to sidestep a debt crisis.

The deal comes after a breathless week during which Sirius XM came under threat from EchoStar Corp and its top man Charles Ergen, a longtime rival of Karmazin, and looked very close to bankruptcy.

VCs give Twitter a Valentine’s Day gift

Venture capitalists are stingy with their money right now, but that doesn’t mean they won’t shell out a few dollars for a hot Internet startup like Twitter.

The micro-blogging website announced on its blog it had received new funding from venture capital firms Benchmark Capital and Institutional Venture Partners, although they didn’t say how much. Some folks are reporting it’s in the neighborhood of $35 million.

Twitter co-founder Biz Stone said in a post Friday morning they weren’t looking for more funding. “Nevertheless, our strong growth attracted interest and we decided to accept a unique opportunity to make Twitter even stronger with a very attractive offer,” Stone wrote.