If you missed it, Facebook says it will pay $10 million to compensate users who were turned into product pitchmen as a result of “Sponsored Stories” ads that treat “Likes” as endorsements. None of this money, however, will go to Facebook users.
via Facebook Privacy Settlement Amounts to $10 Million | Business | TIME.com.
A plan to study data mining of social networking sites bankrolled by Germany’s largest credit reporting agency provoked outrage after internal documents about the project were leaked to German media outlets. Privacy experts say this is a shot across the bow — and that similar tactics are likely to come to the U.S. in the near future.
Facebook’s disappointing IPO has shaken up the tech sector to the point that Paul Graham, co-founder of famous talent incubator Y Combinator, wrote a letter to portfolio companies calling the flop “bad news” and saying it could … Your kids could soon be tagging each other, sending event invites for playdates and commenting on other kids’ walls — provided they’re old enough to read. That’s the brave new future Facebook is imagining as it develops tools … How do you create a social network to compete with Facebook? Easy, just make a crude clone of it and call it Youface. That’s what Ayub Abdulloh did in Uzbekistan. According to Radio Free Europe, he didn’t seem too bothered by … Facebook now has a bunch of investors who aren’t exactly popping champagne corks over the company’s falling stock price. That means the company has to start making more money off its 900 million users. Hence new products like … The crime-fighting agency seeks new powers to “listen in” on the Internet and social media. via Should the FBI Be Allowed to Wiretap Facebook? | TIME Ideas | TIME.com. Facebook is working on its own smartphone — no, seriously this time. The New York Times reports that Facebook intends to launch a phone by next year, citing unnamed Facebook employees, engineers that the company sought to … I have written a few columns questioning Facebook’s long term value. And amidst all the recent news about the company’s IPO woes, it seems like investors may be skeptical as well. Even though I may have a conviction that a … Hey, remember when Facebook bought Instagram for $1 billion? Well apparently buying the number one mobile photo app on the market isn’t stopping the freshly IPO-ed Facebook team from releasing a similar app of its … Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth from investors. via Facebook, Wall Street Banks Sued Over Pre-IPO Financial Forecasts | Business | TIME.com. Facebook’s Wall Street investment banks warned top clients of new doubts about the social network’s financial prospects just days before the company’s IPO, according to a series of reports that emerged Tuesday. via Facebook IPO Furor: Feds Probing Deal Over Insider Bank Warnings | Business | TIME.com.
Poll Says Four Out of Five Facebook Users Aren’t Persuaded by Site’s Ads
Report: Facebook Considers Granting Access to Children Under 13
New ‘Youface’ Social Network Might Remind You of Something
Facebook Now Letting Users Pay to Promote Their Posts [Updated]
Should the FBI Be Allowed to Wiretap Facebook?
Facebook Phone Rumored Again, but Fundamental Questions Remain
Why Google Should Be Worried About Facebook
Facebook Releases New Instagram-Style Photo App for iPhone
Facebook, Wall Street Banks Sued Over Pre-IPO Financial Forecasts
Facebook IPO Furor: Feds Probing Deal over Insider Bank Warnings
