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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Tech

Here’s why Facebook just changed its logo

By
Jonathan Chew
Jonathan Chew
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By
Jonathan Chew
Jonathan Chew
Down Arrow Button Icon
July 1, 2015, 10:07 AM ET
Facebook's headquarters in Menlo Park, California.


Since going public in May at $38 a share, Facebook stock has traveled in one direction: down. The stock bottomed out around $17 before rising to a more respectable $27, which values the company at $60 billion, a far cry from its initial appraisal. There was talk of bankers bungling the offering, and similar indiscretions. But that only distracts from the truth that putting a mega-valuation on a company as young as Facebook usually has negative consequences. 


One curious development in the whole brouhaha was former Internet stock promoter Henry Blodget sounding a cautious note about Facebook's rich IPO. He<a href="http://www.businessinsider.com/facebook-ipo-price-2012-5" title="" target="_blank"> asked </a>what giddy investors were seeing that he wasn't. It turns, not much.
Facebook's headquarters in Menlo Park, California. Since going public in May at $38 a share, Facebook stock has traveled in one direction: down. The stock bottomed out around $17 before rising to a more respectable $27, which values the company at $60 billion, a far cry from its initial appraisal. There was talk of bankers bungling the offering, and similar indiscretions. But that only distracts from the truth that putting a mega-valuation on a company as young as Facebook usually has negative consequences. One curious development in the whole brouhaha was former Internet stock promoter Henry Blodget sounding a cautious note about Facebook's rich IPO. He<a href="http://www.businessinsider.com/facebook-ipo-price-2012-5" title="" target="_blank"> asked </a>what giddy investors were seeing that he wasn't. It turns, not much. Photograph by Robyn Beck—AFP/GettyImages
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Say hello to the new Facebook logo pic.twitter.com/ofoFm4JQmK

— christophe ✌🏻 (@ChrisTauziet) June 30, 2015

Chances are you missed a subtle change to Facebook’s logo Tuesday.

The company has refreshed its wordmark, which displays the full spelling of the brand. The most conspicuous amendment lies in the shape of the ‘a’: it’s now rounded off to a single-story as opposed to its previous double-story version. The letters are also slimmer, and there’s also more white all round.

“We set out to modernize the logo to make it feel more friendly and approachable,” Facebook creative director Josh Higgins told Brand New.

The new logo is also apparently better suited to viewing on mobile devices. “This is actually a huge change and it’s much more than the ‘a,’” Howard Belk, co-chief executive and chief creative officer of branding firm Siegel+Gale, told the Wall Street Journal. “It’s driven by mobile.”

The result of a collaboration between Facebook’s in-house team and Process Type Foundry’s Eric Olson, the new Facebook logo will be showing up across Facebook sites and apps soon. The familiar ‘f’ stand-alone logo on the upper corner of Facebook’s main site – also called a favicon – will stay as it is.

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