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Best of the Blogs, Media: Microsoft Releases Its New Social App


Plus, Nasdaq offers to refund investors for botching the Facebook IPO.

This column highlights the most interesting and useful financial commentary on media from around the Web every Monday. Use our comments section to post your own suggestions for blog content that you've read or written.

Digital Trends
Link: Microsoft introduces new social app, - so bad, it makes Bing look flawless
"Late last year, Microsoft (MSFT) introduced its very tepid approach to social, called Back in December the veils were first lifted from the project, and Microsoft was taking Facebook's (FB) early approach by going after college kids and using interest graphs to help them build connections. Back then, it was only available to a handful of college kids around the country, and now it's open to the masses. Even still, don't hedge your bets on its long term success."

Link: Nasdaq to Earmark $13 Million for Bad Trades Related to Facebook

"Nasdaq's damage control for its Friday glitch related to Facebook's IPO continued on Monday as the exchange offered to reimburse investors as much as $13 million for bad trades, according to a report."

The New York Times: Media Decoder
Link: Time Warner Cable Head Sides With TV Networks Over Ad-Erasing Technology

"The head of one of the country's biggest cable companies voiced his disapproval of the Dish Network's ad-erasing technology on Monday, aligning himself with television networks that are trying to squash the technology, called Auto Hop.

"Glenn Britt, the chief executive of Time Warner Cable (TWC), said Monday that something like Auto Hop could damage the existing ecosystem of television programming and distribution, which depends in part on advertising revenues and in part on subscriber revenues."

The Wall Street Journal: Speakeasy
Link: Digital Effects House Expands Into Middle East

"Digital Domain Media Group (DDMG), the visual effects house behind the life-like Tupac Shakur hologram at the Coachella music festival last month, said Monday it was teaming with twofour54, an Abu Dhabi government-backed entertainment company, to boost film production and development in the Middle East."

Digital Music News
Link: Facebook Just Flopped. So What Does That Mean for Spotify?

"If Facebook is flopping on Wall Street, what does that mean for the vast ecosystem of Facebook-dependent models? Like Spotify, which is about to get puffed into the stratosphere by Goldman Sachs? The reported $220 million Spotify round would feature a $100 million injection from Goldman, according to the New York Times, and a huge part of that investment is predicated upon plum Facebook integration."

Twitter: @ChrisWitrak
No positions in stocks mentioned.
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