Mark Zuckerberg joins the $1 salary club

Originally posted on Quartz:

Facebook confirmed in a filing that Mark Zuckerberg, the social network’s founder and CEO, is making a salary of $1 this year and foregoing any bonuses, as well.

But he’s not exactly taking a vow of poverty. When Facebook went public last year, Zuckerberg exercised 60 million stock options, then worth nearly $2.3 billion, buying those shares for next to nothing. (He sold half of the stock to cover his tax bill.) And he’s still sitting on another 60 million stock options that can be exercised on Nov. 7, 2015, for the same dirt-cheap price of six cents.

All of those shares give Zuckerberg plenty of incentive to keep Facebook in good financial health, although he is on record saying, “We don’t wake up in the morning with the primary goal of making money,” and isn’t really beholden to shareholders, since he controls a majority of proxy votes.

The $1 salary…

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Dear Diary: What’s the role of a personal journal in the digital age?

Originally posted on Gigaom:

On July 8, 1997, a few days after my thirteenth birthday, I sat down at the big old desktop PC in my family’s basement, opened a new Word document and started my first diary. 15 years later, I am still writing in the diary I began back in 1997.

Of course, a few things have changed. 15 years ago, I had a dial-up AOL account, an email address, and Instant Messenger. Throughout high school, although the internet got faster and more of my friends got their own email addresses, the tools I used stayed pretty much the same. I copy-and-pasted some emails, and transcripts of AIM chats with crushes and friends into my diary, but the volume of this content was fairly light: My diary could still serve as an accurate representation of my life (at least, an accurate representation of the way I perceived my life to be at the time…

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It’s not just Tumblr — most social networks don’t understand original content

Originally posted on Gigaom:

The recent shuttering of Tumblr’s Storyboard highlighted the discrepancy between online communities and companies’ efforts to produce valuable original content for them. The problem isn’t that “Facebook, Tumblr, and Twitter are sharing networks, not publishing companies,” as one writer suggested. The problem instead lies in substance and delivery.

Community-inspired initiatives, much like journalism, need a sense of purpose, passion and objective urgency – the ability to look unflinchingly at a subject and capture it in a way that’s surprising and insightful. With that in mind, here’s how some of the most popular communities and social networks are experimenting with original content — and what works and doesn’t.

Tumblr

Storyboard sought to surface and report on interesting stories and users within the Tumblr community, applying a kind of branded journalism and marketing mix that’s becoming increasingly commonplace.

The failure of Storyboard was in its inability to find an editorial voice that resonated in…

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If you want to succeed, start a company instead of writing a resume

Originally posted on Quartz:

This originally appeared on LinkedIn. You can follow Penelope Trunk here

For years we have been talking about the education bubble and the problem that colleges charge tons of money and then graduates are unemployable and in debt. Colleges are responding by becoming job preparation centers. And Frank Bruni, opinion editor for the New York Times, says this is a waste of time and resources. Here’s what’s better:

1. Skipping college.
The real issue we have with admitting that college is not a path to the work world is then we have to ask ourselves why we send our kids to high school. There is plenty of data to show that teens are able to manage their lives without the constraints of school. The book Escaping the Endless Adolescence is chock full of data, and a recent article by my favorite journalist, Jennifer Senior, shows that…

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Timing is not just for traders anymore, networks need it too

Originally posted on Gigaom:

The past few years have seen low-latency networking get a lot of attention, driven primarily by high-frequency traders looking for an edge for their algorithms. However, the importance of communication latency and timing accuracy in general isn’t new. From the dawn of homo sapiens, when cave people first scratched lunar cycles on their cave walls, to the birth of telecommunications, accurately knowing what time it is has been important — for people and for networks.

Yet, in the move to packetized information, and the internet as we know it, timing got left behind. In a fatal mix of both enthusiasm and arrogance, synchronous timing was seen as irrelevant. After all, the world was moving to asynchronous packetized information switched by routers. Why would anyone still need old-fashioned synchronous information? Ma Bell was dead. And what did she know anyway? Fast forward to today and the current standard Network Time Protocol

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Wonderville Launches An Interactive Content Library And Virtual Classroom Network For Kids

Originally posted on TechCrunch:

Last July, a group of veteran executives from eToys, eBay, Sesame Street, Discovery and Disney unveiled their ambitious plan to create a souped-up Khan Academy for kids. But rather than a straightforward port, the learning platform, called Wonderville, aimed to expand on Khan’s approach to the “flipped classroom” by aggregating educational content from a variety of third-party sources.

Using eBooks, TV shows, videos and mobile apps from iTunes, Amazon, YouTube and beyond, Wonderville creates what it calls “Smart Galleries,” which consist of digital content like quizzes, apps, fact sets and so on designed to reflect what kids are studying in class. The content, which includes some fun topics as well (like Bigfoot) to keep kids interested, is vetted by Wonderville’s team of teachers to ensure quality and age-appropriateness.

After nine months of development, Wonderville is officially launching its new-and-improved pilot program. The new Wonderville focuses on Kindergarten through fifth…

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Walk the Road To Freedom – Taking Risks With Your Photography Business

Originally posted on Photofocus:

I know it’s a cheesy image for the title, but it’s an image with a story so bear with me.

I made this picture a few months ago and it happened to be at a pivotal time for my family. We were visiting Oregon from Utah and were suddenly considering moving to Oregon, and life was feeling a lot like this image: we had a clear road in front of us, but we couldn’t see where it ended.

Moving my family and my photography business to a new state where we had no contacts has been the scariest venture I’ve ever undertaken because I don’t have anything established: no clients I can call and remind to do new pictures, no group of students I can expect to take my next class at the community college, and no studio I can invite my club members to join me in for a…

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