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Facebook Hits 1 Billion Users, Here's How It Hits $141 Billion in Value

posted onOctober 5, 2012
by l33tdawg

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.

Facebook says it's not tracking links in private messages

posted onOctober 5, 2012
by l33tdawg

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."

Mutual fund operator pleads guilty to selling bogus Facebook stock

posted onOctober 3, 2012
by l33tdawg

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.

Give a store your e-mail address, it'll find you on Facebook

posted onOctober 1, 2012
by l33tdawg

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.

Love me by text message, not on Facebook

posted onSeptember 21, 2012
by l33tdawg

As one who last professed true love in the previous century, it's hard for me to understand why people post cute, cuddly messages about their nearest and most expensive on Facebook.

You know the sort of thing: "My gorgeous wife just bought me a red toothbrush." Or: "My new boyfriend's smile makes my heart sing like Engelbert Humperdinck."

Pinterest users complain about hacked accounts as spam spills onto Facebook, Twitter

posted onSeptember 12, 2012
by l33tdawg

Pinterest users are taking to Facebook and Twitter to complain about their hacked accounts, in what appears to be yet another round of spammers attacking the pinboard-style photo sharing site.

In fact, many users are noticing that their friends and followers are pushing Pinterest spam to Facebook (showing up on users’ Timelines and thus friends’ Tickers as well as News Feeds) and Twitter, since users often link the social networks together for cross-posting purposes.

Spam from 'friends' is actually result of Facebook hole

posted onSeptember 7, 2012
by l33tdawg

 Are you getting spam that has a Facebook friend's name listed as sender but was actually sent from an unknown e-mail address? Me too.

These are vestiges of an attack that exploited a misconfiguration on Facebook that was fixed last week, according to Facebook. Though spammers aren't scraping any new friend information off Facebook accounts, they are apparently using previously obtained data to send spam. That means the messages could come until e-mail providers are able to find the source of the spam and shut the spammers down.