Social media giant Twitter is in talks to take up to 100,000 square feet at 51 Astor Place, Edward Minskoff’s “spec” tower, according to a report.
Twitter, the micro-blogging site, is in discussions over a long-term deal with rents in the $90s per square foot, according to a report by Crain’s New York. The company, which celebrated a successful initial public offering earlier this month, opened its first New York office at 340 Madison Avenue in 2011.
Under the blessing of Sir Patrick Stewart, the highly anticipated Twitter IPO joined the party on the New York Stock Exchange. After initially pricing itself at $26 a share, TWTR immediately popped to $45.10, which puts the company at a $25 billion valuation.
CNBC reports that more than 30 million shares changed hands in the first half hour of trading. Shares quickly hit $50, before settling below that.
Adventures in Social Media
“OMG @OneDirection’s new song leaked!” might sound like something a giddy tween would tweet, but it was actually tweeted by the Daily News’s official account.
Then there was this gem: “Teacher fired after taking teens for penis piercings. There’s a picture of him going all: ¯\_( )_/¯”
And this one too: “Is this _really_ why @TaylorSwift13 said STFU at the VMAs?”
Like, OMG! If that doesn’t sound exactly how a 93-year-old newspaper ought to talk, the struggle to find a Twitter voice is not unique to @nydailynews.
Around the town
In a culture where paying sources is generally frowned upon, NBC News is getting some serious flack for reportedly practicing “checkbook journalism” twice in one week. Most recently, the news organization has paid for exclusive rights to interview a group of skydivers who survived a plane crash. Last week, it was disclosed that NBC was negotiating a maybe-more-than-$100,000 deal with the family of kidnapping survivor Hannah Anderson for documentary rights. (The Washington Post)
AllThingsD is reporting that NBC News exec Vivian Schiller is switching her allegiance from one bird to another. She is a “lock” for Twitter’s head of news position and the deal is “all but done” for her to join the social network, writes the website.
If the deal is completed, sources told AllThingsD that Ms. Read More
Republican mayoral candidate Joe Lhota is not only increasingly tearing into his Democratic opponent on the campaign trail, he’s taking the brawl online.
Mr. Lhota’s campaign once used its official Twitter account to calmly tout Mr. Lhota’s accomplishments–rarely even mentioning Bill de Blasio by name.
Beauty Is Pain
Last night we saw just how easy it is to be racist in 140 characters or less.
As New York native, Nina Davuluri, was crowned Miss America the Twitterverse spewed uncontrollably awful comments.
Apparently offended by her Indian heritage, users called her a Muslim, a terrorist and decided that she was therefore, totally unworthy of Read More
The tide of technology has advanced so far that even America’s literary novelists can’t avoid the subject. Take, for example, Gary Shteyngart, who recently roamed the city wearing Google Glass on behalf of the New Yorker.
And so, today, the Guardian has published a rambling essay from Freedom author Jonathan Franzen. But rather than simply bitching about Twitter for 800 words, he apparently decided to go high-concept. Hence an opaque piece examining our age through the eyes of fin-de-siecle Viennese writer Karl Kraus. It’s an excerpt from a full-length book, in case you want to go real deep on the topic.
Uh, congrats about your 5 on the AP Modern European History exam, J-Franz?
Love in the Time of Algorithms
Twitter, Instagram, Facebook and texting add layers of excitement (read: constant stress and uncertainty) to any budding relationship–and according to a new study, they also help couples get down to business in less time than their parents did.
Back in the day, there used to be something called the “three-day rule,” whereby a potential paramour would pretend not to want to talk to his or her new love interest for three days after their first date, the Telegraph reports.
Unpack the sirens and start firing up the hype machine, because Twitter just confirmed that yes, the company is planning to go public, and today the mad dash for the stock exchange begins.
Quick, everyone place your bets on how long it’ll take before we see Jim Cramer take a break from yammering about Snapchat to ham-fistedly explain Weird Twitter. Better buy your hand-sewn designer blue jeans now, before @jack makes bank and buys ‘em all.
The company announced the news in the form of a cheeky tweet: