![]() “There’s no question that the psychological fallout from the Facebook IPO, coupled with economic uncertainty in Europe, put a chill on the public markets for most of the second quarter,” Mark Heesen, president of NVCA, said in a statement released on Monday. While Facebook’s $16 billion offering made the second quarter the strongest period on record by dollars raised, the number of deals fell by 50 percent to 11 in the quarter versus the same quarter last year. The company says it 'mistakenly deleted' them.The number of initial public offerings in the second quarter ground to a halt because of Facebook’s disappointing public debut, according to new data from the National Venture Capital Association and Thomson Reuters. ![]() Years of Mark Zuckerberg's old Facebook posts have vanished.Facebook says it 'unintentionally uploaded' 1.5 million people's email contacts without their consent.Mark Zuckerberg's personal security chief accused of sexual harassment and making racist remarks about Priscilla Chan by 2 former staffers.Got a tip? Contact this reporter via encrypted messaging app Signal at +1 (650) 636-6268 using a non-work phone, email at Telegram or WeChat at robaeprice, or Twitter DM at (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop. There's no word yet on what exactly the first apps put out by NPE Team will focus on. At the end of 2018, it launched Lasso, a video app very similar to red-hot app TikTok, which is still running. And in late 2017 it acquired teen-focused app tbh, only to shut it down eight months later. There was Paper, a news-reading app it launched in 2014 and shuttered two years later. "We also want to minimize disruption to the billions of people who use Facebook apps every day."įacebook has experimented with alternative consumer apps in the past, many of which have subsequently flamed out. We expect many failures, the company's blog post wrote. The company is trying to pre-emptively manage expectations about the products and apps that NPE Team releases: "NPE Team apps will change very rapidly and will be shut down if we learn that they're not useful to people. NPE Team gives it a way to quickly experiment with new products and ideas in a way that keeps them relatively insulated from Facebook, while allowing the company to reap the benefits if they do succeed (either by incorporating them into its existing products or letting them run and run). Facebook is already diversifying its business, relying ever-more heavily on apps it acquired and built into powerhouses like Instagram and WhatsApp. It's a notable strategic move for Facebook, and it comes after the company's core social network's reputation has been battered by two years of solid scandals. In a blog post announcing the news, Facebook wrote that the experimental new products the team launches " will be aligned with Facebook's mission of giving people the power to build community but will focus on shipping entirely new experiences," which may "change very rapidly and will be shut down if we learn that they're not useful to people." On Tuesday, the Silicon Valley social networking giant announced that it has formed a new internal group - NPE Team, standing for "New Product Experiences" - that plans to launch a bunch of new consumer-focused apps and services, starting "in the coming weeks." ![]() Get ready for a whole load of new apps from Facebook. Visit Business Insider's homepage for more stories.The company is trying to manage expectations about the experimental team, saying it expects "many failures.".It comes as Facebook tries to diversify its products and reduce its reliance on its scandal-ridden core Facebook app.Facebook has created a new internal group, called NPE Team, designed to launch new consumer-facing apps.Account icon An icon in the shape of a person's head and shoulders.
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