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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 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

STOCK Act: Insider Trading Bill To Receive Senate Vote Next Week

via Ryan Grim and Zach Carter, The Huffington Post A Senate bill banning the trading of corporate stocks by members of Congress based on nonpublic political information will see a vote next week, according to Democratic sources working on the bill. “It’ll be on the floor next week, either hotlined or an actual vote,” one … Continue reading

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