Por Homme – Men's Lifestyle, Fashion, Footwear and Culture Magazine

The rumors were swirling around for the last week or so but now it’s official: Yahoo has bought tumblr for $1.1 Billion in hard cold cash. Marissa Mayer and team were not playing around, folks. They just turned things up and made David Karp one wealthy 26 year old in the process. Here’s what Yahoo had to say in a press release:

Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain CEO. The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.

Yahoo’s CEO Marissa Mayer took to Yahoo’s tumblr page to make the announcement and appropriately so. She even tossed in a gif for good measures. The numbers for Tumblr are impressive — 300 million monthly unique visitors and 120,000 signups every single day with a blog post pool of over 50 billion.

(more…)

In a not-so surprising move, Instagram has rolled out web profiles for all users, allowing your friends (and stalkers) to check you out via desktop or mobile browser. This is great for folks that want to share their profile via other social media outlets with the recipient actually being able to follow you right from the site, rather than just the app. This also gives users a larger palette on which to edit your profile or view your past photos/comments. The URL address for your profile is just instagram.com/username. Our founder’s on Instagram under the @porhomme handle so be sure to check it out if you like.

In case you’re wondering what $1 Billion can get you these days, this is it. Both Facebook and Instagram have confirmed the purchase of the photo-sharing app by the Zuckerberg-led social network. This acquisition gets Facebook in lead on the mobile front, something they desperately needed to do before going public. Don’t expect any major changes to Instagram just yet. Both sides are saying it’s staying the same and development work will continue. Here’s what Mark had to say about the purchase: (more…)

Eight years after starting in a Harvard dorm room, Facebook has filed for its initial public offering. The company’s seeking to raise $5 billion in hopes of becoming one of the largest tech IPOs we’ve ever had the opportunity to witness. Investment bank Morgan Stanley will act as lead underwriter, with Goldman Sachs and J.P. Morgan and others to take secondary positions. There are some raw figures from the filing that are worth noting — 845 billion monthly active users that dish out 2.7 billion Likes and Comments per day. Beyond that, the company made $3.71 billion in 2011, mostly from advertising. Ad revenue rose dramatically from $764 million in 2009 to $3.154 billion in 2011.

Mark Zuckerberg must be proud but we’re certain his work isn’t done just yet and neither is Facebook’s. The man behind the social network has done some interesting things over the years but seems like all the hard work’s finally paid off. Details are trickling out but below we’ve got the visuals from the SEC filing, though if you want to see the several-hundred page document you can see that for yourself here. Shares are expected to be begin trading in May.

(more…)

Not sure how many of you folks out there use location-based services like Foursquare but we have read through various sources that such applications are gaining some traction as of late. It’s no surprise, really. You take a person, tell him to check in to a place and give him tokens and prizes to make him feel like he’s a part of something. Heck, if he keeps visiting a place often enough, you might even make him the mayor of the spot and the owners of the venue might give him twenty percent off his next visit. Well, Facebook is taking a similar twist and making it widely available for all its mobile users. Facebook Places is Foursquare without all the extras. We can never keep track of all our friends at all times, but this service will allow us to connect in a whole new way.

Facebook Places will also help users consolidate the amount of social media apps they use. I mean, who wants to build hundreds of friends on Facebook, only to repeat the cycle when another social media service is offered. I did it for FB and Twitter but I’ll be damned if I continue down this road. Well, I’ll conclude my rant now, but head over to Facebook for full details on the service and how you can get started.

Video after the jump.  (more…)

The Por Homme team has hit some major milestones lately and I personally believe that our delivery has never been as consistent as it has been in recent months. With that said, we really want to encourage you all to join the PH community and connect with us in any way you feel comfortable. Also, we want to ensure you don’t miss out on future news and all the things we currently have in our pipeline. There’s some great content that I know you’ll enjoy as well as a few treats for our loyal readers. You can subscribe to our RSS Feed or get daily updates straight to your inbox. If you’re a social media butterfly, then you’ll be glad to hear that we’re on Facebook as well as Twitter. Head over to our Facebook Page and be sure to hit the Like button up top to show your support. Our Twitter page may be the easiest to follow: @porhomme. Not bad, right?

Please don’t hesitate to contact us if you have any comments or questions. We look forward to hearing from you!

- Atif Kazmi, Editor-in-Chief, @atifkazmi