Twitter and Facebook, meet Google Buzz

[CielOnTap]

While the company, Facebook, may not have any tax issues from the stock options, I'm quite certain the employees DO have a tax issue with the options. Once the employees buy stocks using the options (preferred share value over what is charged on stock market), the shares create an income tax issue (capital gain or loss) when they are sold.
IRS-the United States' national tax authority:
http://www.irs.gov/Help-&-Resources/Tools-&-FAQs/FAQs-for-Individuals/Frequently-Asked-Tax-Questions-&-Answers/Capital-Gains,-Losses,-Sale-of-Home/Stocks-(Options,-Splits,-Traders)

http://www.irs.gov/Businesses/Industry-Directive-on-Stock-Options-and-Cost-Sharing-Agreements

State of California, where Facebook is based:
Individual claims https://www.ftb.ca.gov/forms/2012/12_540d.pdf
Corporate claims https://www.ftb.ca.gov/forms/2012/12_568d.pdf

[CielOnTap]

Facebook might be costing UK users some coin or pounds. Much depends upon who you contact-want to reach a celebrity? There's a fee for that.

http://www.brantfordexpositor.ca/2013/04/08/facebook-charging-uk-users-to-contact-celebs

Definitely not a "free" social media contact. Think revenue stream.

[CielOnTap]

Sad news, photo-sharers on social media. Twitpic will shut down by Sept. 25. It faced a challenge by Twitter over its name.

"Unfortunately we do not have the resources to fend off a large company like Twitter to maintain our mark which we believe wholeheartedly is rightfully ours," Twitpic founder Noah Everett wrote in a blog post.

Twitpic, founded in 2008, rose to prominence by giving Twitter users an easy way to add photos and videos to their tweets. Twitter didn't add that function itself until 2011.

http://money.cnn.com/2014/09/05/technology/social/twitpic-trademark/index.html?section=money_news_companies

However, someone noted that the Terms of Service (TOS) for using Twitpic had its drawbacks:

But Twitpic's demise may not be such a big loss. For one thing, there's the fact that Twitter now offers the same sharing functions as Twitpic through its own platform. For another, Twitpic's terms of service are a disaster.

Twitpic takes credit for your photos, keeps your deleted images and bars you from filing suit against it after a year from an incident. The provisions are so bad that the consumer protection project Terms of Service Didn't Read gave Twitpic its worst possible grade.

[CielOnTap]

On June 18, Twitter's privacy policy will change and take effect. The social media service has a banner visible on its main page and when users log in to make everyone aware of the updated rules.
https://twitter.com/privacy