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Facebook already likes having office in Hub

Written By Unknown on Jumat, 08 November 2013 | 16.30

It's a homecoming for Facebook — at least partially— and the social media giant's new neighbors are expecting the company to do more than just occupy space.

The social network, founded at Harvard by Mark Zuckerberg and others, announced yesterday it had opened an engineering office in Cambridge, which will be led by Ryan Mack, a Facebook engineer. Last night, Facebook jumped feet first into the local tech scene, hosting an infrastructure tech talk for entrepreneurs in Somerville.

"We're already seeing Facebook chart a course to become a valued member of the local tech community," said Cambridge Innovation Center managing director Geoff Mamlet. Facebook Boston is located in the same building as the innovation center.

Mack said the decision to come back to Boston and Cambridge was an easy one. "The tech community here is world-class," he said.

The engineering team will focus on networking, storage and security and while it will be small, Mack said they are hiring.

"This announcement reinforces our state's standing as a place where innovators and technology companies want to be," said House Speaker Robert DeLeo, who sent a letter to Zuckerberg last year asking him to bring Facebook back to the Boston area.

Mamlet said some companies could benefit from Facebook's decision to open an office here.

"Companies are much more likely to perform an acquisition in a market where they have a presence," he said.


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Massachusetts economy’s running ahead of U.S.

A recovering housing market and resilient consumers boosted the Bay State economy in the third quarter, but federal fiscal policies continue to restrain growth, according to a University of Massachusetts journal.

Massachusetts real gross domestic product grew at an annual rate of 3.5 percent, well above the national rate of 2.8 percent and more than double the state rate of 
1.7 percent in the second quarter, according to the latest MassBenchmarks published by the UMass Donahue Institute in collaboration with the Federal Reserve Bank of Boston.

The improvement was due to slow but better job growth, a recovering housing market, rising incomes and a higher rate of spending on goods subject to sales tax — all providing some relief from the fiscal drag of the across-the-board cuts in federal spending known as sequestration and higher payroll taxes than last year.

"The state housing market, as well as consumer spending, have both firmed up, perhaps more so than nationally," said Robert Nakosteen, executive editor of MassBenchmarks and professor of economics and statistics at the UMass-Amherst Isenberg School of Management. "However, pushing the other way, the sequester and global weakness is hurting the state. The balance seems to be favorable."

Both Nakosteen and MassBenchmarks' senior contributing editor, Alan Clayton-Matthews, cautioned, however, that their estimate of the state's economic growth in the third quarter is based on incomplete data because last month's federal government shutdown caused a delay in the state's employment report for September until Nov. 22.

Using the national employment report for September and the historical average relationship between U.S. and Massachusetts employment, MassBenchmarks estimated the state's missing September payroll employment data at 1,000 new jobs, indicating that state employment expanded at an annualized rate of growth of 
0.7 percent in the third quarter. In contrast, during the second quarter, payroll employment declined at a 
0.3 percent annualized rate, said Clayton-Matthews, associate professor of economics and public policy at Northeastern University.

Nationally, the 2.8 percent annual rate at which real GDP grew in the third quarter was "a tepid number by itself, but still the fastest growth seen so far in 2013," said Doug Handler, chief U.S. economist at IHS Global Insight in Lexington.

"The consensus growth rate was around 2 percent, with most of the gap traceable to a buildup of inventories," Handler said, referring to goods that collect in warehouses and on retailers' shelves.


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Amenities rival upscale hotels’

It's not new for apartment buildings to be customized with common areas, including pools, gyms and game rooms, but some of today's high-end buildings are outdoing each other with services and features that rival the most upscale hotels.

"Modern and sophisticated amenities are extremely important for developers when differentiating their product in the marketplace," said Ted Tye, managing partner at National Development.

A number of Boston luxury rental buildings can boast of amenities such as a health club or fitness center, an on-site concierge and lobby-level bicycle storage. But even communal party spaces, billiard rooms and screening rooms are becoming more and more common.

Maxwell's Green, located on 5.5 acres in Somerville, features 184 rental units with amenities to rival downtown Boston luxury apartment buildings. The property was completed last year by Gate Residential Properties and includes an on-site fitness center with a TRX training room, a club suite with an outdoor terrace that can be reserved for functions or parties, a cyber cafe, underground bicycle storage and garage parking with electric car charging stations.

"The property is also offering a level of service that adds to a sense of community, with weekly fitness and yoga classes, 'football Sundays' in the theater room and organic cooking classes in an open chef's kitchen at the club suite," said Damian Szary, principal of Gate Residential Properties. Prices range from about $1,965 for a studio to $4,055 for a three-bedroom townhouse.

Recently completed in August by Metric Construction, Gatehouse 75 in Charlestown is a five-story apartment building with 99 apartments. The property features a drive-through portico providing access to an underground garage, an on-site Zip Car, a 2,000-square-foot rooftop deck with trellis and grill, a resident lounge with catering kitchen and a state-of-the-art fitness center. The common roof deck has incredible views of Boston, the Zakim Bridge, Bunker Hill Monument and Charlestown. Apartments range in price from about $2,750 to $3,675.

Boston's newest building to open its doors is the Kensington, a 27-floor, 381-unit tower by National Development in downtown. On the sixth floor known as Club Kensington, residents have access to an outdoor pool, game room, cafe, solarium, quiet library area, gym, exercise room, tech room, lounge and kitchen area, and the "do-it-yourself" pet spa called the groom room. One-bedrooms start around $3,000 and two-bedrooms are priced in the high $4,000s to the $9,000s.

Designed to reimagine the former Boston Herald site, National Development's Ink Block South End will feature 475 units of housing in five buildings and 85,000 square feet of premiere retail space, including a flagship 50,000-square-foot Whole Foods Market. It's set to open in early 2015.

"At Ink Block, we aimed to create a community that sets a new standard for the style of the South End and would attract people looking for all the conveniences associated with luxury urban living," said Tye.

Invented for those who wish to live life South End-style, the Ink Block will include edgy and stylish living accommodations and luxury amenities, including a rooftop pool, outdoor living room, fitness center, bicycle workshop, dog amenities and underground parking.

Jennifer Athas is a licensed real estate broker. Follow her on twitter @jenathas.


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BRA: Exhibit ‘Vital’ to foot traffic

Written By Unknown on Kamis, 07 November 2013 | 16.30

Faneuil Hall Marketplace is bringing in a new tenant just in time for the holiday shopping season, but it's not a store or restaurant.

"Body Worlds Vital" — an exhibit of human body parts and cadavers preserved through "plastination" — debuts at the center Nov. 22.

An iteration of German doctor Gunther von Hagens' "Body Worlds 2" that ran for six months at the Museum of Science in 2006-2007, it will be open through March on the second floor of Quincy Market, in the former Comedy Connection space that's been vacant since 2008.

It's another short-term move by marketplace manager Ashkenazy Acquisition Corp. to drive foot traffic, following Nintendo's Wii U Tour stop in August and the 1D World pop-up store in April.

"We think it's a great temporary installation," Boston Redevelopment Authority spokeswoman Susan Elsbree said. "This exhibit is supposed to drive over 20,000 people to the marketplace."

The BRA signed off on Ashkenazy's $136 million purchase of the marketplace's lease in 2011 based in large part on its capital commitment to the city-owned center, including upgrades to draw locals. In June, it expressed frustration over the New York real estate investment firm's slow pace of progress on a master plan. Ashkenazy did not return calls yesterday.

But the firm, which hired Boston's Elkus Manfredi Architects in December to help guide the master plan, since has added Watertown planning and design firm Sasaki Associates and New York's Biederman Redevelopment Ventures Corp. to its team.

"We think that that's good news for the marketplace," Elsbree said.

Biederman will concentrate on the center's outside areas, according to Carol Troxell, president of the Faneuil Hall Merchant Association. Troxell and other merchants recently toured New York's Bryant Park with Daniel Biederman, who's also co-founder of Bryant Park Corp.

Troxell is on board with "Body Worlds Vitals" exhibit: "It's opening at a good time, because the tourist season is winding down. If it brings the medical groups in and the school trips and other groups, that will certainly help the merchants."

But in addition to "Body Worlds 2," area residents had the chance to see two copycat exhibits in recent years, including one that filled vacant space at the Atrium Mall in Chestnut Hill in 2011. That exhibit closed three months early due to a lack of visitors — despite aggressive marketing by the mall's owner.


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Power players laud Marty Walsh as ‘facilitator’

Power brokers and developers welcomed the prospect of doing business with Mayor-elect Martin J. Walsh yesterday, calling him a fair negotiator focused on "getting to yes," based on his past experience as a union leader.

"People have a trust for Marty because he's very direct and very candid. You know where you stand," said developer Joseph Fallon, whose company negotiated with Walsh for a union agreement to develop Fan Pier. "He's a balanced negotiator. ... He'd push very hard, but he knew not to push too far."

Walsh spent two years as the head of the Building and Construction Trades Council of the Metropolitan District, where he negotiated directly with construction companies and developers.

"Every time I dealt with him he was a facilitator and a problem-solver, not an obstructionist," said John Fish of Suffolk Construction. "If you understand real estate, there are many, many simple ways of getting to no. The challenge is getting to yes. I think he has the intellectual prowess to get us to yes on the develop­ment side in a thoughtful, appropriate way."

Fish called talk of Walsh dismantling the Boston Redevelopment Authority "way overblown."

Meanwhile, Tom Andrews of Alexandria Real Estate Equity said Walsh made a major concession on two Kendall Square developments — agreeing to let workers be paid time and a half instead of double time on weekends.

"Having an outcome that gave some concessions to us ... enabled us to better control the cost of our project," said Andrews. "These things don't get built if costs are out of control."

Mark Erlich of the New England Regional Council of Carpenters said while the media raised concerns about Walsh's union ties, executives have not.

"All the developers I've talked to are welcoming him as a new mayor because they have experience with him," said Erlich.


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Startups urged to fight patent trolls

The booming Bay State startup economy is being threatened by patent trolls — patent-owning firms with frivolous or overreaching infringement claims — and needs to fight back, industry leaders and Attorney General Martha Coakley said yesterday.

Level Up founder Seth Priebatsch said fighting patent trolls has cost his firm nearly $1 million, and prevented him from hiring as many as 20 workers.

"We're lucky to have great backers," he said. "There's lots of other companies that are smaller and can't afford the legal bills."

Level Up — which makes an app that lets users pay with their phones — is fighting four suits from patent trolls, including one that alleges infringement on a patent designed to monitor traffic.

Priebatsch was joined at the Boston headquarters of Level Up's parent company, SCVNGR, by Coakley and Cambridge Innovation Center CEO Tim Rowe.

"It really is highway robbery," said Rowe, whose Kendall Square center houses about 450 startups. "Over half of all patent litigation is in the troll category."

Coakley said her office is looking into how to defend Bay State companies from the "predatory behavior," including filing unfair business practices lawsuits.

Vermont Attorney General William Sorrell, who sued a patent troll in the spring, told the Herald he has not heard of any other such complaints since then.

"I think Vermont has delivered a pretty strong message that patent trolls should stay out," he said.


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China warns local leaders to cut industry bloat

Written By Unknown on Selasa, 05 November 2013 | 16.31

BEIJING — Chinese leaders have ordered local officials to stop expanding industries such as steel and cement in which supply outstrips demand, a Cabinet statement said Tuesday, in a sign previous orders to cut overcapacity were ignored.

Beijing has been trying since 2009 to cut excess production capacity, which has triggered price-cutting wars that threaten the financial health of some industries. But lower-level leaders whose promotions depend on economic development have continued to support local industries.

In a video conference on Monday, planning officials warned local leaders to stop ignoring orders to reduce overcapacity in industries including steel, cement, aluminum and glass.

"Those who still violate discipline will be heavily punished," said the deputy director of the Cabinet planning agency, the National Development and Reform Commission, Hu Zucai, according to the government newspaper China Daily.

Economists and business groups warn industrial overcapacity could hurt Chinese banks if unprofitable companies default on debts.

China's solar panel manufacturers have been especially hard-hit by excess production capacity and price-cutting.

In March, the main Chinese subsidiary of Suntech Power Holdings Ltd., once the country's biggest solar panel producer, was forced into bankruptcy court after missing a $541 million payment to bondholders. That unit was sold to a state-owned company.

In other industries, large amounts of production capacity are idle, the Cabinet statement said.

Cement manufacturers use only 71.9 percent of their capacity as of the end of 2012, according to the statement. The steel industry used 72 percent while the rate for glass manufacturers was 73.1 percent.

The scale of overcapacity is unprecedented, the China Daily said, citing Zhu Hongren, chief engineer of the Ministry of Industry and Information Technology.

Beijing has tried to prod producers in many industries into mergers to reduce output. But lower-level officials in many areas prop up unprofitable local companies with rent-free land and other aid.

The conflict is fed by a political system in which Communist Party officials are judged on their role in economic development. Building steel mills or other industrial assets shows up quickly in local economic statistics, helping leaders win promotion.

The rapid overexpansion of industrial capacity also was fueled by Beijing's multibillion-dollar stimulus in response to the 2008 global crisis, which was based on higher spending on building highways and other public works. That sent a flood of money to suppliers of steel, cement and other raw materials and helped them resist pressure to merge or reduce production.

In some places, the Cabinet statement said, local leaders go through the motions of obeying orders to tear down older steel mills, but then replace them with bigger facilities.


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What is Google building out in San Francisco Bay?

San Francisco's mayor says he doesn't know what it is. Police say it's not their jurisdiction. And government inspectors are sworn to secrecy.

Google is erecting a four-story structure in the heart of the San Francisco Bay but is managing to conceal its purpose by constructing it on docked barges instead of on land, where city building permits and public plans are mandatory. Construction became obvious a few weeks ago.

The Internet giant's actions at Treasure Island appear legal. But the mystery surrounding the bulky floating building — and a similar one off Portland, Maine — is generating rumors and worries.

Privacy experts, environmentalists and legal authorities say that whether it is a store to sell Google's Internet-connected glasses, a data storage center or something else, the secrecy may backfire because Silicon Valley residents are highly protective of one of the most scenic and environmentally sensitive bays in the U.S.

"At some point they're going to have to unveil what it is they're doing, and it will be sad if they have put a lot of money into something that is simply not allowable in the bay," said Deb Self, executive director of the environmental group Baykeeper.

Self said whether the barge-mounted structure is a store, as is widely rumored, or a data center powered by wave action, for which Google has a patent, there are going to be grave concerns.

"We don't really want to see the bay used as a shopping mall. Unacceptable," she said. And environmentalists warn that water-cooled data centers might warm the sea and harm marine life.

Google's usually responsive media relations team has not responded to repeated calls or emails over several days, but records and other official accounts identify the project as Google's.

Google has dodged public scrutiny by essentially constructing a vessel, not a building. Thus it doesn't need permits from San Francisco, a city with copious inspection and paperwork requirements for builders.

Google has also avoided the San Francisco Bay Conservation and Development Commission, a state agency that governs projects on the water and has its own long list of public reviews and permit requirements.

If, when the project's ready, Google wants to sail it out the Golden Gate and into the Pacific Ocean, the tech giant won't ever need to explain what it's been up to.

But if Google wants to do anything with the structure in the bay, it will have to face public scrutiny, said BCDC executive director Larry Goldzband. He said the agency has had a few meetings with Google, but "they've been less than specific about their plans."

"When they decide to let us know what they plan to do with it, or hope to do with it, then we can decide if it's allowable," he said.

Work on the barge is kept under wraps, literally. Supplies are kept onshore in hangars rented by a Delaware corporation named By and Large, (a play on the word "barge"?), under a $79,000-per-month lease that expires next August.

The name and number for By and Large on the lease led to a man named Mike Darby, who seemed baffled by a call from The Associated Press. "I'm not sure how my name got on the lease," he said. "I have nothing to do with it. I'm in Singapore and it's the middle of the night."

A second man on the lease, Kenneth Yi, could not be located.

There is one agency keeping an eye on things: The Coast Guard has been routinely inspecting the two barges on the East and West coasts, as it would any vessel under construction, but spokeswoman Lt. Anna Dixon said she couldn't talk about what the agency has found, citing nondisclosure agreements with an entity other than Google.

Such agreements, she said, are "not a standard practice" at her agency. She said she didn't know the name of the entity.

A similar four-story structure was built this summer in the New London, Conn., harbor, and has now moved north off Maine. The Day newspaper in Connecticut found details tying that barge to Google in documents obtained through a Freedom of Information Act request.

Santa Clara University law professor Dorothy Glancy said nondisclosure agreements involving inspectors are common for land-bound Silicon Valley construction projects because there are plenty of trade secrets in the clean rooms and laboratories where computer chips are built and technology is developed.

But she said Google might want to take a lesson from another bay-area mystery barge. In the 1970s, billionaire Howard Hughes docked an enormous barge called the Glomar Explorer just off Mountain View, Calif., where Google is now headquartered. Hughes said the Glomar was going to mine manganese from the ocean floor, but in reality it was being used for a top-secret CIA mission to search for nuclear missile codes in sunken Soviet submarines.

"That experience should have told Google that being mysterious like this tends not to build public confidence," Glancy said.

Privacy advocate Jamie Court, president of Consumer Watchdog, said it is ironic that the company that wants to open the world's information to everyone "so zealously guards its own corporate secrecy."

"The barge is a perfect metaphor for a company that likes to ask forgiveness for its transgressions rather than permission," he said. "It's also a symbol of how far from mainland values the company is going with Glass and its privacy problems."

___

Follow Martha Mendoza at https://twitter.com/mendozamartha


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Oil steady above $94 for second day

BANGKOK — Oil flat-lined for a second day Tuesday as traders waited for a new cue after a month of falling prices.

Benchmark U.S. crude for December delivery was up 11 cents at $94.73 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 1 cent to close Monday at $94.62, its lowest since mid-June.

Oil climbed above $108 in September amid worrying headlines about instability in Egypt and the civil war in Syria. It sank after that as Iran re-entered international talks over its nuclear program and rising U.S. crude stockpiles indicated muted demand.

U.S. economic indicators later in the week might determine whether oil continues to fall. The advance estimate of third quarter economic growth will be released Thursday and October hiring figures are due Friday.

Brent crude, a benchmark for international crude also used by U.S. refineries, was up 19 cents to $106.42 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline added 0.4 cent to $2.532 a gallon.

— Heating oil rose 0.8 cent to $2.882 a gallon.

— Natural gas fell 2.1 cents to $3.424 per 1,000 cubic feet.


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Holiday season war of tablets

Written By Unknown on Senin, 04 November 2013 | 16.31

The iPad Air is the best 10-inch tablet ever, but it faces stiff competition as we enter the first-ever holiday season of the tablet. The war is being waged on three fronts: battery life, value and productivity.

It seems like nearly everyone — from HTC to Nokia to Sony — is making serious forays into the tablet arena, not the least of which is Lenovo's new Yoga tablet. This Android beast boasts 18 hours of battery life, eight more than the iPad Air's advertised 10 hours. The 8-inch, 16GB Yoga will cost just $249, and the 10-inch, 16GB version is $299.

So not only does it beat the iPad Air on battery life, it's 40 percent of the price.

That's right — though the size and weight of iPad Air are slimmed down, the same can't be said of the cost, which ranges from $499 to a whopping $929 for the 128GB WiFi + Cellular version.

Though you'll sacrifice screen quality if you go with the Yoga, Google's Nexus 10 also operates with Android and has a higher pixel count than the iPad Air. Rumor has it that a new version is coming out this holiday season with a starting price of $399.

At $100 less than that, the Dell Venue 8 Pro, a Windows-based tablet, delivers the same listed battery life as the iPad Air and is seemingly a match for those who rely on the Microsoft Office productivity suite, as is the Surface 2, which starts at $449.

And then there's the competition that the iPad Air faces at home. The iPad mini, due out later this month, has the same so-called Retina display as well as identical specs as the iPad Air in an 8-inch frame for $100 less.

So while there are reasons for some to look elsewhere, the iPad still retains its first-place standing for those of us who do light productivity work and enjoy apps on a portable touchscreen device. I was reminded of the iPad's primary appeal this weekend as I watched my toddler play around with the Air. If you ever want to have your mind blown, give an iPad to a 2-year-old. As my son navigated to the virtual drums featured in the GarageBand app and found a numbers game to play with Elmo, I realized: No tablet is easier to use, prettier to look at and simpler to carry around than the iPad Air.

That said, the battery life on the 16GB WiFi model I tested did not live up to its advertised 10 hours. In fact, the device barely made it to eight hours after heavy use of various apps for 60 minutes and then being left to drain with the screen on for the remaining seven hours.

The new iPad contains the same super-fast A7 processing chip as the iPhone 5S. With any luck, developers will take advantage of the new speed and power with updated and improved mobile apps. If they do, the iPad Air should remain a favorite until Apple releases another generation iPad and it becomes instantly antiquated. I'm hoping we make it to a year.


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Hub startup musters $5M in venture capital

A year after a Boston startup began testing the military equivalent of LinkedIn, the firm has raised $5 million in venture capital to officially launch its fast-growing website in time for Veterans Day.

The investment, which brings RallyPoint's total funding to $6.6 million, was led by Silicon Valley-based DBL Investors to help redefine the way corporate hiring managers connect with and recruit military talent, said Yinon Weiss. Weiss served 10 years of military duty before founding RallyPoint with fellow Iraq War veteran and Harvard Business School alumnus 
Aaron Kletzing.

"We've gone from a standing start last year to very quickly growing the site" to include 125,000 members — both active duty and veterans — and pages for more than 400,000 companies doing business in the United States, he said.

Nearly one in 10 members of the active-duty Army alone — the military's largest branch — already use RallyPoint for free from bases around the world, he said. Starting Veterans Day, members' spouses, who often share similar employment challenges, can use the website, too.

The same day, 400,000 companies on RallyPoint will be able to post jobs for $99-$5,000. And early next year companies will be able to upgrade their offerings.

John Silva, a 32-year-old former Marine who is now a partner at Cambridge Bookstore, recently discovered RallyPoint through a friend and agreed to help test it to connect with other veterans and recruit employees. In the few weeks since he signed on, he's already conducted two interviews by phone and one in person. And although the latter decided to take a job in western Massachusetts to be closer to home, Silva is confident he'll find the right person on RallyPoint soon.

"As an e-commerce business, we need people who have a high attention to detail, and because we're a small business, a strong sense of teamwork," Silva said. "And veterans have both."

As a Massachusetts employer, he has even more reason now to hire people with military backgrounds. Last month the state more than doubled cash grants for employers who hire Massachusetts veterans. Firms can now apply for training grants of $5,000 for each vet they hire, up to a total of $75,000 per calendar year. Raising the amounts, Weiss said, provides a greater incentive for employers to hire veterans, who have an average unemployment rate of 9.9 percent, compared to 7.2 percent for civilians.


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AP-CNBC poll: Twitter faces skeptical investors

NEW YORK — Twitter faces skepticism from potential investors and the broader public ahead of its initial public offering, according to an Associated Press-CNBC poll released Monday.

Some 36 percent of Americans say buying stock in the 7-year-old short messaging service would be a good investment, while 47 percent disagree. Last May, ahead of Facebook's IPO, 51 percent of Americans said Facebook Inc. would be a good investment. Just 31 percent didn't agree.

Twitter plans to make its Wall Street debut this week and surprisingly, 52 percent of people ages 18 to 34 say investing in the company's stock is not a good idea.

Twitter Inc. will begin trading on the New York Stock Exchange on Thursday morning after setting a price for its IPO sometime Wednesday evening. As it stands, the San Francisco-based company plans to raise as much as $1.6 billion in the process. The transaction values Twitter at as much as $12.5 billion. That's little more than one-eighth of Facebook's roughly $104 billion market value when it went public.

Twitter has not turned a profit since its launch, but its future depends on advertisements as a primary source of income. The company mainly sells three types of ads: promoted tweets, promoted accounts and promoted trends. A company like Starbucks, for instance, can pay Twitter to promote a single tweet or it can pay the company to ask users to follow its account.

It does not bode well that more than half of Twitter users say they have not noticed advertising. Among the 42 percent of users who did notice, 31 percent say they've clicked on or followed one of the promoted items in question.

Among the poll's other key findings:

— One in 5 Americans say they have a Twitter account. One in 10, meanwhile, looks at Twitter feeds but doesn't have an account of their own.

— Nearly a quarter of Twitter account holders send tweets at least once a day, while 29 percent say they never do. More account holders say they read others' tweets daily, 35 percent.

— About 30 percent of Twitter users say they have used the service to register complaints about a product or service or when they are looking for information about services or products.

— Twitter has billed itself as the place for public, real-time conversations, but only 16 percent of users say they turn to Twitter frequently for breaking news. That said, 44 percent of users do so at least some of the time.

— Just 19 percent of respondents say they have a "favorable" view of Twitter, while 47 percent feel the same way about Facebook.

— A sizable share of Americans aren't familiar with Twitter or don't know what to make of it: 9 percent have never heard of it and another 12 percent say they just don't know how they feel about it.

—Just 35 percent of Americans say they think Twitter will be a successful company in five years. More, 49 percent, think Facebook will be successful in five years.

The Associated Press-CNBC telephone poll was conducted Oct. 25 to 27 by GfK Roper Public Affairs and Corporate Communications among 1,006 U.S. adults. The results have a margin of error of plus or minus 3 percentage points. According to Twitter, 77 percent of its 232 million monthly visitors are outside of the U.S.

__

AP Director of Polling Jennifer Agiesta and News Survey Specialist Dennis Junius contributed to this story from Washington.

__

Online:

Survey results: http://surveys.ap.org

CNBC on Twitter: http://www.cnbc.com/twitter

Follow Barbara Ortutay on Twitter at https://twitter.com/BarbaraOrtutay


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