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Posts Tagged ‘Benghazi’

Morning Media Newsfeed: Twitter’s IPO Soars | Lara Logan Apologizes | Guns & Ammo Editor Out

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Twitter’s Stock Closes at $44.90 A Share, Up 73 Percent on Its First Day (The Verge)
Twitter held its initial public offering on the New York Stock Exchange Thursday morning, opening its stock up for purchase to any interested investor, and as it turns out, there were many. Shortly after trading began around 9:30 a.m. ET, Twitter’s share price rocketed well past the $26 per share minimum the company set Wednesday night, opening up 74 percent at $45.10 to start the day. It finished the day right around the same spot, at $44.90. WSJ “Phew!” tweeted Anthony Noto, the lead banker on the deal from Goldman Sachs Group Inc., moments after shares started trading. Those five characters summed up the sentiment among those involved in the market debut of the 140-character messaging service, the second-biggest U.S.-listed Internet offering ever after Facebook. Bloomberg Businessweek Twitter’s Nov. 7 initial public offering marks the San Francisco-based company’s coming-out party, the moment when it graduates from its South of Market beginnings and takes its place as one of the Internet’s most valuable properties, without ever turning a profit. What’s perhaps most remarkable about Twitter’s rise is how little the service has evolved from the original core concept of the 140-character tweet — which is to say, not at all. Reuters The strong performance on Thursday is encouraging for the venture capitalists who have backed other consumer Web startups, such as Square or Pinterest, though it sounded alarm bells for some investors who cautioned that the froth was unwarranted.

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Morning Media Newsfeed: Globe & Mail Gets It Wrong | Obama Blogs at HuffPost | 60 Minutes & Benghazi

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Globe And Mail Erroneously Claims Ex-NSA Chief Michael Hayden Killed at LAX (TheWrap)
In yet another in a long list of major breaking news errors committed by major news outlets, Canada’s Globe and Mail falsely reported that ex-NSA chief Michael Hayden was killed in Friday’s shooting at Los Angeles International Airport. In a report attributed to “Reuters and Associated Press,” Globe and Mail wrote “LAPD is reporting Ex-NSA chief Michael Hayden has been shot dead at LAX. Radical Christian group has claimed responsibility on its website.” Gawker Canada’s Sun News Network and the BBC both repeated the hoax report without a source, and all have since scrubbed the claim from their sites. The Globe and Mail eventually retracted the report and replaced it with the line “Reports that a former NSA chief was among the victims appear to be a hoax.” It appears the hoax first surfaced on a fake breaking news Twitter account with a single tweet. Poynter John Stackhouse, the Globe and Mail’s editor-in-chief, tells Poynter via phone that the “embarrassing” mistake was an occasion to reiterate the newsroom’s policies for verifying breaking news. “It was an unfortunate human error made by people not following the practices and procedures we have in place,” he said. FishbowlNY The offending Twitter account has now been deleted. Politico / Dylan Byers on Media Getting it wrong seems to have become the industry standard. There are apologies, corrections (though not always), and then the next time a gun goes off or a ruling gets made we see the same old mistakes.

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