GSV Capital Invests in Facebook; MarketWatch
GSV Capital Corp. GSVC +19.73% announced that it has acquired 225,000 shares in social-networking company Facebook at an average price of $29.28 per share.
The Takeaway: The investment of $6,587,500 represents approximately 15% of GSV’s total portfolio, making it one of their biggest investments to date.
Olympics chiefs approve Twitter use at London 2012; BBC Sport
Athletes at the London Olympics will be allowed to blog and post on Twitter but could be thrown out if their musings breach guidelines.
The Takeaway: Because so many professional sports organizations have denied athletes the rights to tweet from the sidelines, the Olympics’ committee’s choice to include social media comes as a welcome shock.
Google Gets most Requests for User Data from U.S.; CNET
During the second half of last year, Google received a total of 5,964 requests from different countries for private user information, with the U.S. leading the way, according to data released today and seen in the company’s Transparency Report.
The Takeaway: Though Google complied with most of the requests from the U.S. as well as those from other countries, it did refuse a certain percentage. The company says it does review each request and sometimes will not provide the information or try to narrow the scope of the request.
Facebook overtakes MSN as the second most popular web site in UK; The Inquirer
Facebook has overtaken Microsoft’s MSN as the second most popular web site in the UK, according to figures from the market research firm Nielsen.
The Takeaway: Both companies pale in comparison with Google, which saw 33.865 million unique visits in May, although that figure has been mostly level over the past year compared to the rises and falls of Microsoft and the slow, steady rise of Facebook.