Facebook looks weak right now. Its stock is in the dumps. Wall Street, up in arms. Maybe the social network will just muddle along for another decade, its users apathetic, its revenue merely steady, its stock barely appreciating. That’s a possible future for the company. But all that runs counter to the announcement today that Facebook has eclipsed 1 billion users.
Links and "Likes" on Facebook are its currency in terms of attracting and keeping advertisers. But what about private messages, those sent between two Facebook users, and not posted publicly on the site? A new report suggests Facebook is tracking links sent in private messages, as well as counting some of those privately shared links as "Likes."
The operator of a mutual fund has pleaded guilty in U.S. court to charges that he operated a US$13 million scheme to sell shares of Facebook and Groupon stock before their initial public offerings.
John Mattera, who served as chairman of the advisory board of Praetorian Global Fund in 2010 and 2011, has pleaded guilty in U.S. District Court for the Southern District of New York to charges of securities fraud, wire fraud and conspiracy to commit securities fraud and wire fraud, the U.S. Department of Justice announced Tuesday.
Facebook wrote up a post on Sunday attempting to explain some of its new approaches to selling and analyzing ads on the site, responding to user alarm about its partnership with data firm Datalogix. Among the revelations: stores can give Facebook hashed versions of customer e-mail addresses they've collected to target users with ads, and Facebook is allowing users to opt out of entire ad networks via a link in real-time ads.
Facebook today denied news reports of a major privacy breach involving users who saw their private messages from 2009 and before suddenly appearing on their viewable timelines as messages posted by their friends.