Take note, @GoldmanSachs, @jpmorgan, @blackstone.
Back in November, JP Morgan announced that it would be offering up Vice Chairman Jimmy “Get Tom Brady On The Phone” Lee for questioning by the people of Twitter. The pre-show did not go well and the whole thing had to be canceled, in part because it somehow wasn’t anticipated that there might be lingering questions about the billions the firm had lost/was fined/was about to be fined. Today, the bank has demonstrated that it took its remedial interenet classes seriously, and redeemed itself with this: Read more »
Now he can squeeze it in in between his afternoon workout session and his standing reservation at the Grand Havana room.
One day earlier this month, Jim Vidmar bought 1,000 fake Twitter accounts for $58 from an online vendor in Pakistan. He then programmed the accounts to “follow” the Twitter account of rapper Dave Murrell, who calls himself Fyrare and pays Mr. Vidmar to boost his standing on the social network. Mr. Vidmar’s fake accounts also rebroadcast Mr. Murrell’s tweets, amplifying his Twitter voice. Mr. Murrell says he sometimes buys Twitter ads to raise his profile, “but you’ll get more with Jim.” He says many Twitter users try to make their followings look bigger than they are. “If you’re not padding your numbers, you’re not doing it right,” he says. “It’s part of the game.” [...] For 10 months in 2012 and 2013, a team of researchers from the University of California Berkeley and George Mason University worked with Twitter’s security department to help identify fake accounts and minimize robot activity. The team bought fake accounts on the black market, identified common characteristics, and developed a filter that would block roughly 95% of such accounts. Twitter’s previous system caught about 8% of fake accounts, the researchers said. They presented the results at an academic conference. In April, Twitter and the researchers applied the filter. Mr. Vidmar says he remembers the day, because most of his fake accounts were deleted, and he couldn’t create new ones. “They cleaned house,” he says. But Mr. Vidmar and others say the underground market quickly adapted. The researchers’ system flagged accounts with incomplete profiles, no pictures, and little activity. In response, Mr. Vidmar says suppliers now fill out more account details, add pictures, and tweet from the accounts before selling them. That drove up the cost of fake accounts. But marketers and researchers say the black market is again thriving. [WSJ]
Charlie Gasparino: Twitter CEO
By Bess Levin
Dan George Dick Costolo “Looks Like The Kind Of Guy You’d Beat The Hell Out Of”
Back in September, Fox Business asked a Twitter spokesperson if anyone at the company could “chat about IPO rumors.” The response was simply: “…”, which Team FBN took to as a confirmation that plans for an IPO were imminent. It’s unclear exactly what transpired behind the scenes between the business network and social media platform after that, but based on a the six and a half minutes of airtime FBN correspondent Charlie Gasparino and anchor Liz Claman just spent referring to Twitter CEO Dick Costolo as a “nasty,” “slimy,” “scheming nerd,” it seems fair to say their interactions were less than cordial! The clip really has to be seen to be believed but it includes:
* Gasparino: “Companies like Twitter are not altruistic, they’re not charities. They’re nasty, conniving, skeevy individuals who run these companies and they want to lure in as much dumb money as possible.”
* Gasparino: “Dan Costolo.” Claman: “Dick.” Gasparino: “George, I couldn’t care what the hell his name is.” Claman: “Yeah! ‘Cause he’s not talking to Fox Business, ’cause he’s scared!”
* Gasparino: “This guy is a nasty, skeeving, scheming nerd from Silicon Valley. He is! That’s my opinion!”
* Claman: “Somebody over there is hashtag-spineless. Hashtag, maybe it’s their PR department?” Gasparino: “Don’t blame the dumb flacks, you blame the skeevy, nerdy guy that runs the company.”
* Gasparino: “It’s a big circle something between Wall Street and Silicon Valley.”
* Claman: “Fox Business and Twitter came into existence around the same time– 2007– and we were the first business network to profile them and they repay us by refusing to talk to us because Charlie and our company have been very honest about them.”
* Claman: “Twitter is not profitable years after its launch, Fox Business is– are they, hashtag-jealous?”
* Gasparino: “They’re run by these Silicon Valley nerds…doofuses…”
* Gasparino: “Is [Costolo] Italian?” Claman: “Can you believe that?” Gasparino: “That guy is not a paesan, I can tell you that much.”
* Gasparino: “I want to see a picture of Dick Costolo, can we show a picture of him?” [Someone in control room flashes a picture of DC on the screen] Gasparino: “This guy looks like the guy you beat the hell out of…I’m not advocating violence, I’m just saying he looks like—” Read more »
UPDATE: And the winner is guest @ 3:43PM, with a just-under-the-wire call of $44.87. Guest, please get in touch to claim your prize.
Standard Price Is Right rules, closest without going over, guesses in by 3:45PM. Read more »