When Facebook acquired Instagram for a whopping billion dollars, many of us kept wondering that why on Earth would the social network pay such a hefty sum for a photo sharing service. However, when Facebook later stated its ambition to be successful across the mobile platform, it was understandable since Instagram has been a huge success on the mobile devices. A recent development suggests, Facebook might have started to utilize the Instagram know-how in their (Facebook’s) products already. You will know what I mean when you see the recently launched ‘Facebook Camera’ app.
Reporter:Salman
Under: iPhone
On May 25, 2012(7 hours, 45 minutes ago.)
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Facebook has become increasingly important for the brands to stay relevant and important on the social media. Facebook pages are a central hub for most brands to connect with their millions of fans and the social network keeps adding newer features to make this more easy and convenient. Now, Facebook has added yet another feature to pages.
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While Facebook’s IPO was quite eventful in a lot of ways, it is now coming to light that all may not have gone as well as it seemed. A lawsuit has now been filed against Facebook as well as its CEO, Mark Zuckerberg, for concealing important information regarding company’s revenue forecasts from investors at large.
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Facebook’s IPO has been fairing fairly good so far, staying well up of $30 though a lot lower than the $45 it touched within the first few hours. Nonetheless, Facebook’s CEO Mark Zuckerberg decided to liquidate a part of his stock of Facebook shares to pay off the taxes. As it turns out, the stock has paid him off really well.
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In today’s world ingrained well in technology, it is no surprise that many of the most valuable brands are names from the tech world. The most valuable brand, the one that stands on top of the list, is Apple. Apple bagged the position last year too and has been able to sustain its position through a second year. IBM stands in second position while Google has slid to a third.
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Facebook has been rolling out its Timeline profiles for quite some time. While many have responded very excitedly and happily towards it, calling it a far better way of organizing their profiles, others have complained about the privacy issues that the Timeline brings into question. Now, it has been revealed that Facebook is working on further redesigning the Timeline pages.
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Facebook and Google haven’t been on particularly good terms. The rather unpleasant relationship between the two extends well back into the past and the main reason is that Facebook has been refusing to allow Google to use its user data. While Facebook officially says that it won’t share the data because of privacy reasons of the users, Larry Page says that is false.
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A lot of social networks have launched since the early days of the web and few have lived to popularity and success. While Facebook, the starchild of the social media, rides on a high tide with its near-billion users, Microsoft has launched a social network of its known under the name So.cl. Clearly, an awkward name may not be the only reason it doesn’t sound too interesting.
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Facebook has been closed to anyone aged under 13 until now. One of the primary reasons for this is to let the kids aged less than 13 to stay safe. However, more and more under-13 kids are using Facebook and many of them are doing so with their parents’ consent. And now we have a rumor that Facebook may actually allow under-13s to use the social network. Is the rumor true?
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Dubai Police has been cracking down on social media accounts for quite some time. The reasons provided by the authorities are varied, from online harassing and blackmailing to defamation. During the course of this year, Dubai police has shut down a total of 15 Twitter and Facebook accounts so far. These accounts were reported to the respective social networks who then had them removed.
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Microsoft has launched the beta version of its social networking platform named So.Cl. The company believes that this platform can give students a new way to learn. This site is designed by Microsoft’s FUSE Labs. By using So.cl, students can share useful information quickly, and build their own pages. Students can collect information from both inside and outside the classroom. Microsoft has been testing this site in selected universities since last year.
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Facebook has been quite keen on buying a number of start-ups ever since the company first unveiled its plans to go public. Now that Facebook is public, the social network still continues scoring other ventures and start-ups. The latest in the series is the social gift-sending app called Karma.
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Facebook notifications have been bit of an annoyance for a lot of users. While Facebook definitely has ample options to manage them, tweaking these notifications in fine details is too much of a work for the users and so they keep popping up and pestering the users. Now, the social network has shipped out a number of new user controls which enable a user to better manage the notifications he receives.
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The biggest story in the tech industry as well as in the financial industry over the last week was Facebook IPO. Facebook has finally gone on the trade floor on 18 May, 2012. Before its final debut in the stock market, Facebook has announced some big acquisitions, opened up an app store, entered in the security software selling business with major companies, revised its user policies and so on. But it was not only the company which was wrapping up everything. The CEO and co-founder Mark Zuckerberg was wrapping up his personal life too.
Facebook has been lambasted and criticized numerous times for its privacy policy. However, this may enter the legal realm now that a number of Facebook subscribers have consolidated a total of 21 cases into a single lawsuit against the social network. The suit is demanding Facebook to pay a whopping sum of $15 billion for tracking user activity without permission from the users.
