You might have picked up in the Morning Spice headlines that the Nasdaq stock exchange said it “owe[d] the industry an apology”. It’s gone a little further now, and says it will set aside $40 million to reimburse investors that suffered losses due to technical problems on Facebook’s first day of trading.
More details are emerging about Buffy, apparently the codename for Facebook’s HTC smartphone which may run with Android, all the Facebook trimmings and an Opera browser. Or will it? We try sort the facts from the fiction as excitement mounts over the phone that might topple Apple.
Facebook is set to float on the stock exchange today and all its early investors must be smiling. One of them, U2’s frontman Bono, has shares worth over $1,5 billion alone. This puts him well above Paul McCartney – currently the world’s richest musician. Who knew devoting your career to charity, world peace, and good causes could be so profitable?
Facebook lately been experimenting with a small group of users by offering them the opportunity to promote their own status messages by paying for them. If the “Highlight” feature is more widely adopted, people will soon be able to pay to make sure their cutesy status updates are at the top of everyone’s news feed.
Mark Zuckerberg officially filed its IPO with Securities and Exchange Commission yesterday afternoon, announcing its intention to sell 337 million shares at between $28 and $35 a pop – in the biggest Internet stock offering since Google went public in 2004. They’ll be going roadshow for the next two weeks to let big investors see what they’re buying.
Facebook is set to go public soon, and while this might be good news to Mark Zuckerberg, it kind of puts things in perspective for the rest of us. Techcrunch did a simple calculation to determine how much the average Facebook user (yes, you too!) is worth in terms of money. Be prepared to feel rather insignificant after the jump.
Martez Wright is currently serving some time in a Memphis jail. But this did not stop him from keeping his Facebook profile active via an illegal cellphone. His good run ended, however, after he uploaded a video in which he boasts about smoking weed, partying, and getting the munchies. Someone alerted the authorities and he got busted. See Martez’ on-screen antics after the jump.
Signs suggest that Facebook is looking to have its initial public offering launch on on May 17th, assuming that the Securities & Exchange commission rubber-stamps all of the social network’s paperwork – including documents concerning Facebook’s recent billion-dollar acquisition of Instagram. Facebook is set to be initially valued at around $100 billion.
Sergey Brin, the Google co-founder everybody keeps forgetting about except when he talks about stuff like this, has pointed to a handful of “threats to internet freedom” – Facebook, Apple, the entertainment industry, and governments that censor their citizens. By which I guess he means threats to Google.
There are two ways of taking out your competition: offer a similar, yet superior and/or cheaper product than your opponent. Or simply buy the entire rival business and start offering its service as your own. The latter happened yesterday when Mark Zuckerberg announcd that Facebook is about to buy Instagram for $1 billion.
What happens to your social networking presence after you die? Who does the online you belong to? These are pressing issues being deliberated by at least two U.S. states this week as more and more pressure is being applied to social networking platforms like Facebook to allow the relatives of users that have passed away to directly access their late loved ones’ profiles.
“Probably not,” is the answer. It seems as if things have returned to normal on the Facebook servers around parts of Europe, Africa, and the Middle East. The outage earlier affected facebook.com, as well as apps for mobile phones and tablets. Facebook has thus far put the incident down to “technical difficulties.”
Who would’ve guessed that Facebook, the time-stealing, secret-revealing social forum would ever be more than a place to share funny videos of crazy cats and post pics of your latest meal? A recent infographic put together by the Criminal Justice Degrees Guide shows 20 crimes that Facebook assisted or helped to solve.
Ah Facebook, the digital realm where artificial friendships are born and destroyed quicker than tequila’s ability to turn a good night to regret. Everyone’s been there, you’re scrolling through your newsfeed when suddenly you realise that you’re no longer receiving Susan’s pictures of her adorable new puppy, or William’s hilarious updates. You don’t even have to make the effort of checking, you’ve been unfriended. With Mashable’s clever new script you’ll be spared the pain of similar discoveries and find out the moment someone decides to cut the cord.
Facebook, the world’s largest social-networking service, could file for its initial public offering as early as Wednesday this week. It’s a move that has been on the cards for some time, but the rumour pot is now starting to boil more consistently.
Facebook’s new Timeline feature, that up until now has been an optional switch for its more than 800 million users, will very shortly become compulsory for everyone using the social networking platform. Facebook began the forced switch in some regions yesterday, and will continue to do so in the next few weeks.
This year Facebook will go public and start to sell shares on the stock exchange. Thanks to all of us, the social network is now worth $100 billion – more than giants such as Google, Disney, Amazon, and McDonald’s. But who is going to pocket all this money? Check out this infographic, detailing which Facebook friends will be getting pieces of the pie, as well as some other interesting facts:
Whether you love it or hate it, Facebook’s new Timeline feature is here to say. Rather than jump on the bandwagon condemning the new feature, an Israeli ad agency used it to send a powerful anti-drug message.
An annual report from comScore on what happens online has shown that 1 in every 5 minutes of time online this year was spent on social networking sites – as compared to the 6% of internet time that went to social networking in 2007. By all accounts that sort of growth is expected to continue, and speed up, in 2012.
IsAnyoneUp.com is a website that posts pictures of user-submitted cellphone nudie pics, along with screenshots of their Facebook profiles. The only problem is, the Facebook profile part is often done without consent. Zuckerberg isn’t exactly happy about it.
How do you like them apples? Thanks to a technical glitch, never before seen photos of Facebook CEO Mark Zuckerberg have leaked online. His longtime girlfriend, his dog, and Barack Obama also feature in them. A Facebook user reportedly exploited a security loophole and accessed them.
Facebook yesterday released a big ol’ lump of data about the most shared content of 2011, both globally and for specific countries. Osama Bin Laden’s death was far and away the most popular status update topic, followed distantly by the Super Bowl results and and the Casey Anthony trial for second and third most popular, respectively.
Time Magazine has published photographs from inside Facebook’s Headquarters – taken shortly after Mark Zuckerburg was made Time Magazine’s Person Of The Year. The photographs reveal a bizarre work place which resembles something closer to The Office, than the fantasy land you might have thought. Sure, they’ve got free snacks and a coke machine, but […]
Facebook, the social network we all love to hate. Already in its seventh year of existence, the online community has managed to connect everyone with everyone, even if they barely know one-another. For exactly that reason, many people have gone about culling off some of these Facebook “friends”, and while it freed up their newsfeed, it left others scorned.
Other than the obvious benefits of the various social networks out there; networking, re-connecting and event-planning, amongst other things, recently they have become a serious law-enforcement tool. In the most recent case, New Jersey police used Facebook to track down suspects in a vicious assault case involving a machete wielding madman.
There have been murders and rapes associated with Facebook, but this is likely to be the first house burning as a result of someone defriending someone else on the social networking website. Jennifer Christine Harris decided it was a good idea to burn down Nikki Rasmussen’s house while Nikki and her husband, Jim, were in their beds sleeping.
Neuroscientists have discovered that using Facebook has a measurable impact on the size of particular areas of the brain. The results of a recent study show that the more Facebook friends you have, the bigger and denser become the three parts of your brain which are associated with the power to socialise. It’s unclear whether by ‘socialise’ they mean really, in real life. But maybe.
In another case of “Why didn’t I think of that?”, a Belgian record label that goes by the name of SonicAngel, identifies future stars by tracking trends on Facebook, Twitter and YouTube. Not only that, they also allow fans to invest in the artists’ success, with a six monthly return on their initial investment. Brilliant.
Facebook has finally admitted that it has been watching the web pages its 750 million members visit. The huge privacy breach was simply a mistake, it says. Software that automatically downloaded to users’ computers when they logged in to Facebook “inadvertently” sent information to the company, whether you were logged in or not.
The Sydney Morning Herald is reporting that an Australian technologist, Nik Cubrilovic, has discovered that Facebook is tracking the websites its users visit even when they have logged out of the social networking site. Reactions have been mixed, but is this something we should be that surprised about?