It all seemed so promising. The first night at the Sun Valley Lodge bar at the annual Allen & Co gathering had been a happy affair for the press corps as they mingled freely with Facebook’s Mark Zuckerberg (that’s him on the right), WPP’s Sir Martin Sorrell, Activision’s Bobby Kotick, Amazon’s Jeff Bezos, Capital Research’s Gordy Crawford, Lachlan Murdoch and Harvey Weinstein, among many others.
Allen & Co’s 27th Sun Valley media and technology conference starts on July 7 and ends on July 12. In the meantime, expect media writers to breathlessly report, blog, tweet, photograph and record the event. Why the fuss? There are literally hundreds of people coming who are known to do nothing else than run the universe when it comes to TV shows, movies, telecoms, the Internet and all sorts of other electronic communications. We have lists of all the people who bankroll them as well, along with a list of other interesting people you will find there.
Nearly every powerful media and technology executive you can think of will be camping out in the idyllic and affluent ski resort town of Sun Valley this week. They have aimed their Gulfstreams squarely at Idaho so they can show up at the 27th edition of Allen & Co’s media and technology conference, which investment banker Herb Allen holds every summer here.
***Facebook Chief Executive Mark Zuckerberg wore the only tie on display when he welcomed reporters for a reception and tour of his company’s new headquarters, tucked below a hill in a residential area of Palo Alto, not far from the Stanford campus.******The old HP research facility was refurbished for comfort, not for luxury. Facebook tore out a sea of cubicles to reveal wide open spaces for desks and oversized terminals. Nearly everyone sits there, including all company executives.******The result is something like a dream college dorm, with good food available throughout the day in a cafeteria .******“It’s a temporary space. It’s not going to last us forever. It’s an experiment so we can decide what sort of building we want for ourselves going forward,” said Aaron Sittig, who took reporters around the 137,000 square foot building that celebrates the quirky.******Privacy is afforded in meeting rooms, some with names that are mashups of video games and condiments, like Donkey Kong Chutney and Guitartar Hero. A leftover crane from HP days decorates one of the snack kitchens. There is an outdoor basketball court, an indoor ping pong table (mixed doubles were going on when reporters walked by) and RipStiks are scattered around for quick transport.******”It’s a rite of passage to learn how to use these to get around,” said Sittig.******Facebook has 700 employees in the building and another 200 in other cities. It will stay in its new home for a few years, until Stanford — which owns the land — wants it back.******Photo: David Lawsky
from Summit Notebook:
Facebook co-founder and CEO Mark Zuckerberg spoke to the Reuters Global Technology Summit on Tuesday and while he wouldn't touch TechCrunch's report about financing and valuation, he did opine about a few of Facebook's Web peers:
Why do we care about Facebook? People you know and respect use it. That includes you. People you know and respect who scoff at it still know what Facebook is. Facebook, like Google, is popular enough to have become a verb as well as a noun. If the public ever got a crack at buying shares in it, lots of people would get rich.
That’s why mass clucking ensued among the technology press when the word came out Tuesday that Chief Financial Officer Gideon Yu is splitting. The Wall Street Journal, so far as we can tell, broke the news. It said: