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Facing Backlash, Instagram Backpedals On Terms Of Service Changes But Doesn’t Appease Everyone

via David Strreitfeld and Nicole Perlroth, The New York Times Facebook may have quelled a full-scale rebellion by quickly dumping the contentious new terms of use for Instagram, its photo-sharing service. But even as the social network furiously backpedaled, some users said Friday they were carrying through on plans to leave. Ryan Cox, a 29-year-old … Continue reading

Instagram Now Has The Right To Sell Your Photos Without Telling You

via Declan McCullagh, CNET News Instagram said today that it has the perpetual right to sell users’ photographs without payment or notification, a dramatic policy shift that quickly sparked a public outcry. The new intellectual property policy, which takes effect on January 16, comes three months after Facebook completed its acquisition of the popular photo-sharing … Continue reading

New Messenger App Might Be The Path To Facebook’s Next Billion Users

via Paul Sloan, CNET News It may seem odd to talk about user growth for Facebook, which with 1 billion-plus members is already more than three times the size of the entire U.S. population. But much of what the company does boils down to just that: How to add the next billion users? And then … Continue reading

Facebook Introduces Gift Service

via Jessica Guynn, Los Angeles Times Could Facebook Inc.’s new gift service be the early Christmas present that Wall Street has been waiting for? After its disastrous debut as a public company in May, the social networking giant has come under increasing pressure from investors not just to squeeze more advertising dollars from its nearly … Continue reading

Facebook Can ID Faces, But Using Them Is A Matter Of Privacy

via Somini Sengupta and Kevin J. O’Brien, The New York Times Facebook on Friday confronted a new obstacle over what to do with one of its most vital assets — pictures. The company promised European regulators that it would forgo using facial recognition software and delete the data used to identify Facebook users by their … Continue reading

Facebook Acquires Face.com To Bolster Its Facial Recognition Technology

via Alexis Tsotsis, TechCrunch After about a month of speculation, Facebook has finally announced its acquisition of Israeli facial recognition technology Face.com. We’ve heard from multiple sources that the acquisition price was around $100m, with others reporting that the price was between $80m-$100m. (Update: We’re now hearing from a source familiar with the matter that … Continue reading

Facebook Doesn’t Need To Make A Phone

via Dan Costa, PC Mag There have been a number of theories explaining Facebook’s lackluster IPO performance. Perhaps it’s the social network’s dependence on advertising or just a general sense that no company can live up to the colossal hype generated by Facebook. Personally, I see Facebook’s mobile offerings as its primary weakness. The world … Continue reading

Facebook Is Getting Killed – By Itself

via Mark Hachman, PC Mag Facebook’s strength—that it has evolved beyond a social network, into a platform—appears to be its greatest weakness, at least in the mobile market. Much has been made in the last week about Facebook’s inability to derive revenue from or otherwise monetize its mobile business. That may be one of the … Continue reading

A Picture’s Worth A Billion Dollars

via Josh Constine, TechCrunch Facebook has just finished a deal to acquire mobile photo sharing app Instagram for approximately $1 billion in cash and stock. Instagram will remain an independently branded standalone app that’s separate from Facebook, but the services will increase their ties to each other. The transaction should go through this quarter pending some standard … Continue reading

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