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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
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
via AP, USA Today Facebook has topped 1 billion users, but the past few months have not been easy. CEO Mark Zuckerberg says that the company is going through a bit of a rough patch following its rocky initial public offering. Zuckerberg updated his Facebook status on Thursday to announce that the social networking site … Continue reading
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
via The Huffington Post Facebook is adding to its ever-growing list of gay accolades with the introduction of new marriage icons that depict same-sex couples. The Gay and Lesbian Alliance Against Defamation (GLAAD) notes that the new icons follow a number of notable lesbian, gay, bisexual and transgender (LGBT) inclusion efforts put forth by the … Continue reading
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
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
via Matt Krantz, USA TODAY Facebook shares jumped 13% to $43 as the stock opened in the frenzied first minutes of trading Friday, but just as quckly the price slid, tas investors stormed Wall Street to trade shares of the world’s leading social networking company. The stock rose $5 from its initial price of $38 … Continue reading
Social media—from Facebook to Twitter—have made us more densely networked than ever. Yet for all this connectivity, new research suggests that we have never been lonelier (or more narcissistic)—and that this loneliness is making us mentally and physically ill. A report on what the epidemic of loneliness is doing to our souls and our society. … Continue reading
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
via Lance Ulanoff, Mashable Last night I went in search of an answer to a question that has vexed this industry for weeks: When will Facebook Timeline officially launch to the masses? The world’s most popular social network was holding a tiny gathering in downtown NYC, where I’d get to rub elbows with Timeline’s architects. … Continue reading
Facebook CEO Mark Zuckerberg summed up the social network’s big F8 announcement this way: “We’re adding verbs.” What he didn’t say was: We’re subtracting privacy. At last year’s F8, Facebook announced the “like” button. One year later the “like” button looks like the work of cave men. Starting today, Zuckerberg announced that you won’t be … Continue reading
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