Facebook On A Rise: Hits One Billion Users

Facebook reaches 1 billion users mark

Looks like the time is rising for Facebook. According to a statement by Mark Zuckerberg Tuesday morning, the social networking site has reached the milestone of over one billion people as active users. Here is the link- http://newsroom.fb.com/News/One-Billion-People-on-Facebook-1c9.aspx Zuckerberg wrote, “If you’re reading this: thank you for giving me and my little team the honor of serving you. Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life.” He further talked of his commitment and added, “I am committed to working every day to make Facebook better for you, and hopefully together one day we will be able to connect the rest of the world too.” The social networking site is surely busy these days. Facebook is working on to come up with latest ways to boost revenue from ads in the mobile network. The balance sheet provided on [+more]

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Personal Messages Not So Personal On Facebook Anymore: Claims A French Newspaper

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Facebook keeps on changing its privacy norms to offer users the best services. But certain speculations have come round the corner claiming that the social networking site has made private messages of millions of users, public on its Timeline feature. The report was first published in Metro, a French newspaper and was later picked up by other tech sites. Well, on being looked into the matter, the rumors seem to be untrue. Facebook cleared its stake, went back and checked the messages. The social giant said that the much-talked about Timeline messages are actually old wall posts, and even if there’s private information, these messages have been there the entire time. Facebook said the confusion could have been created as there was no option to like or comment on a single wall post before 2009. However, this denial by Facebook has not been accepted by some users, who claim that the [+more]

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Facebook Stocks Fails To Hit The Bull’s Eye, Initiates Mobile Ads To Boost The Investors

facebook stock sale

Facebook’s Mark Zuckerberg is trying to take the social networking site to a new level, following a blow in the firm’s stocks over the last two weeks. Facebook’s stock crashed 40 percent down from its IPO of $38 and now stands at $22.86. Trying to generate revenue for the firm, Facebook initiated ads for mobile, which Mark hopes will be a boon for the sinking morale of investors and would also monetize its mobile traffic. However, there are many analysts who believe that Facebook’s stock could go down to $15 or even less. According to an article published in barrons.com, writer Andrew Barrey feels that Facebook’s business stays uncertain and it’s unlikely that the social networking site will hit off with focus on mobile ads. Facebook is trying to monetize its services without compromising on the user experience. And as mobiles have a small screen, Facebook won’t get much chance [+more]

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Facebook Launches Mobile Ad Beta Service

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Facebook has been losing out on its revenue due to the lack of advertisement services in its mobile and tab apps. And therefore, with a plan to get back into the business with a bang, the social networking site launched a beta version of their new mobile ad service. With this beta version, Facebook will serve targeted ads to users even when they visit other sites and app stores. Based on users’ likes, age and other information, Facebook will show users ads relevant to them, even when they are outside the social network. With this mobile ad network, Facebook hopes to earn revenue on traffic, without hurting its users’ experience. It will also give app developers and brands a powerful way to reach specific audiences that they’ll be willing to pay more than if they advertised with a less accurate ad exchange directly. However, Facebook has not yet revealed the [+more]

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No Instagram for Your Windows Phone, At least for Now!

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Quite opposite to all speculations we have heard so far, Instagram- the famous photo sharing app won’t be seen in the Windows Phone, at least for a while. As reported in the VentureBeat, sources have revealed that developers at the photo sharing firm, now owned by Facebook, are not working on any app for Microsoft’s Windows Phone platform. Earlier, there have been many reports indicating that Instagram will be available on Windows Phone. The app is currently available on iPhone and Android. The rumors started off on blaze when Nokia released a video promo of Lumia 920, which had an Instagram for Windows Phone icon on the phone’s home screen. But that is just not the case. Maybe previously, developers at Instagram were working on to make a version for Microsoft’s mobile operating system, but as per news, the Facebook-owned firm has no plans to launch a Windows Phone app. [+more]

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The Deal is Official! Facebook Acquires Instagram

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The deal is now official. FTC has also given its nod. The social networking site, Facebook is now the owner of photo sharing application, Instagram. After a long wait, both the companies announced on Friday that their much-awaited deal is now final. The billion dollar transaction, which now reached $736 million following the collapse of Facebook’s stocks, is now official and complete. Facebook laid out the welcome carpet for Instagram and said that the latter will continue to serve its users as effectively. Offering the photo-sharing app an opportunity to grow, Instagram has already shared 5 million photos over the network so far. It was reported by ComScore that Instagram’s website is at the 56th spot for being the most popular site in the US. It has around 22.7 million unique visitors per month, up from 16.5 million in just a month. The photo sharing site also got 80 million [+more]

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Facebook Co-founder Dustin Moskovitz Sheds Shares!

Dustin Moskovitz

Three months ago when Facebook went public, the social networking site saw a drop in its stocks, which made many insiders sell their shares. The latest in the news is Dustin Moskovitz, co-founder, Facebook, who is shedding off his sizable stakes in the social networking site. Moskovitz left Facebook in 2008 to find Asana. On Tuesday, he completed 12 different trades in 150,000-share increments during a two-week period starting Aug. 17, ending on Sept. 4, 2012. As per multiple filings with the Securities and Exchange Commission, the 28-year-old entrepreneur and Facebook insider has reportedly sold 1.8 million shares for $34.5 million.  This accounts to around 450,000 shares of the social networking so far this week, reducing his hold to 6.15 million Class A stock, which has less voting than Class B stock. He has 126.2 million Class B shares. The Class B shares can be changed for sale to Class A [+more]

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Facebook Speeds Up App for iPhone and iPad

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Facebook recently heard the pleas of iPad and iPhone users and launched an upgrade of the version of its Facebook App for iOS. Those who suffered due to the slowness and sluggishness of Facebook apps can now breathe a sigh of relief as the new app offers quick, easy, and fast browsing. Marked Facebook 5.0 for iOS, the app hit the Apple App Store Friday and comes with the most updated change ever. Mark Zuckerberg, Co-Founder and CEO, Facebook seemed happy with the new app and posted on his page, “We just released a new Facebook app for iPhone and iPad, and it’s a lot faster. Our team completely rewrote it from the ground up to focus on speed. It’s a big step forward.” The upgraded app is made to offer twice as fast services in three areas such as launching the app, scrolling through the News Feed, and opening [+more]

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Facebook-Instagram Deal Cleared by FTC

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The US Federal Trade Commission has given a go ahead to Facebook’s acquisition of Instagram, saying that it has no antitrust issues with the deal and will let it advance further. Getting Facebook a step ahead in the deal, FTC said its commission held a unanimous voting of 5-0 to close the investigation and let the deal move on. The news was brought forward in a press release by the commission. Facebook seemed to be pleased by the FTC decision. The social networking site had bought Instagram for $1 billion in cash and company shares in April, a month before going public. However, Facebook’s shares fell, which put the final deal today at $747 million. Since photos are a key part of Facebook’s social network, it is believed that technology of Instagram would help the latter improve users’ mobile experience. Following the announcement of acquisition, Facebook even released “Facebook Camera”, [+more]

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