Undercover of helping immigrant agricultural workers who have long needed a break in America, the American technology sector - lead by Facebook's Mark Zuckerberg - has seen fit to heavily lobby Congress to increase H1-B and other worker visa permits, vastly increasing H1-B visas at a time when very good research shows that there is no shortage of tech workers in America. Zuckerberg has so far succeeded, in the Senate. What is motivating the claim for more H1-B visas and what's at stake? [more inside]
"This week, we discovered an utterly charming card used by Isaac Asimov ('natural resource' is right) and, inspired, began hunting for more famous peoples' business cards, whether boilerplate or highly designed, staid or comical."
Facebook has submitted its S-1 Form to the SEC, beginning its road to an IPO. LinkedIn, Groupon and Zynga made their first stock available 3-6 months after filing their S-1 forms. The time is spent by regulators evaluating the statements made in the form, and the banks underwriting the issue finding buyers for the stock - which is unlikely to be difficult. [more inside]
"You can’t help feel a little swell of pride in this 2.0 generation. They’ve spent a decade being berated for not making the right sorts of paintings or novels or music or politics. Turns out the brightest 2.0 kids have been doing something else extraordinary. They’ve been making a world." Zadie Smith on Mark Zuckerberg, The Social Network, and Facebook.
"For connecting more than half a billion people and mapping the social relations among them; for creating a new system of exchanging information; and for changing how we all live our lives, Mark Elliot Zuckerberg is TIME's 2010 Person of the Year."
“A lot of people who are worried about privacy and those kinds of issues will take any minor misstep that we make and turn it into as big a deal as possible,” he said. “We realize that people will probably criticize us for this for a long time, but we just believe that this is the right thing to do.” With David Fincher's scathing film The Social Network set to hit theaters on October 1st, reticent Facebook founder and CEO Mark Zuckerberg is interviewed by Jose Antonio Vargas of The New Yorker.
"Facebook is expected to announce that it has reached the 500 million user mark this week. That's half a billion people in just six years." "...the most visited site on the Internet, may also be the most despised: A new poll says the site scored 64 on a 100-point scale, which 'puts Facebook in the bottom 5 percent' of private sector companies 'and in the same range as airlines and cable companies, two perennially low-scoring industries with terrible customer satisfaction,' according to results of a survey [PDF] released today. * [more inside]
Faceoff -- the three founders of college social networking site ConnectU have accused Facebook founder Mark Zuckerberg of stealing their business plan and code. Tomorrow they face-off in a Boston courtroom. "It's a mélange of gossip about upper-crust Silicon Valley, allegations of old-school Ivy League skulduggery and an oddball cast of characters that ranges from precocious dot-com millionaires to aspiring Olympic athletes. In what other intellectual-property lawsuit are two of the plaintiffs a set of Harvard University-educated twins from Greenwich, Conn., with several international rowing championship medals under their belts? ...Despite the backstory's semblance to screenplay fodder, the outcome is anything but scripted, at least for now."