Facebook’s always looking for the next thing, and the service it has its eye on now is mobile news reading and curation. The social network has the likes of Flipboard and Zite in its sights with a new app called Paper.
Apple CEO Tim Cook is on the list of guests expected to attend the annual Sun Valley conference in Idaho this week.
The conference is held by New York-based investment bank Allen & Co., and hosts over 300 industry leaders participate in panels on politics, business, tech and more over a four day period. It’s basically a place for some of the most powerful business people in the U.S. to figure out how to become more powerful as they hangout and try to strike up business deals.
Facebook CEO Mark Zuckerberg has replaced Tim Cook as the highest-rated CEO in tech, according to employee approval ratings on Glassdoor. Cook’s 97% approval rating from 2012 has dropped down to 93%, which takes him from first position all the way down to 18th. Zuckerberg now has an impressive 99% approval rating.
Late last week, Instagram — now owned by Facebook — confirmed it had disabled Twitter integration, and the ability for users to see Instagram “cards” or previews in their timelines. While it’s not a massive issue for Twitter users, who will still gets links to Instagram photos, it marks the first major breakdown between the two social services since the Facebook acquisition.
But things could have been very different. Weeks before Facebook bought Instagram, Twitter was close to acquiring the photo sharing service for just $525 million.
Following its acquisition of Instagram earlier this year, Facebook is said to be eyeing up another popular service. Cross-platform messenger WhatsApp could be the next item on the social network’s shopping list as the company looks to extend its mobile presence, according to sources close to the matter.