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Monday, December 17, 2012
Massachusetts Slaps $5M Fine On Morgan Stanley Over Facebook IPO
Morgan Stanley, which served as one of the lead underwriters for Facebook's much-hyped initial public offering, is coming under scrutiny by the state of Massachusetts. The state fined Morgan Stanley $5 million, claiming that the financial firm helped Facebook leak sensitive information to select companies, creating an unfair playing field for investors. As first reported by Bloomberg on Twitter, Massachusetts Secretary of State William Galvin criticized Morgan Stanley for unfairly releasing privileged... read more>>
Facebook Updates Nearby Tab On Mobile Apps
Facebook beefed up the functionality of the nearby tab on its mobile applications for iOS and Android, potentially enabling its users to discover more local businesses and, conversely, those businesses to be discovered by more Facebook users. The social network said in an announcement on its Facebook Studio page that rather than only seeing nearby places where their friends had checked in, users can now: Search nearby businesses by specific categories. Connect directly to... read more>>
Instagram's New Privacy Policy Includes Ad Product Similar To Facebook Sponsored Stories
Not long after Facebook altered its data use policy, the social network's photo-sharing site, Instagram, is also planning some changes. According to Instagram's newest terms of use, users should expect to see more ads featuring their friends (sound familiar?). Sister site Social Times read through Instagram's policy - which becomes official Jan. 16 - to let users know about some key facets. If you don't have time to read through Instagram's updated... read more>>
Walmart Biltzed Facebook Mobile News Feed During Black Friday, Cyber Monday
Facebook users who noticed an unusually strong presence by retail giant Walmart on their mobile news feeds over the Thanksgiving holiday weekend, including Black Friday and through Cyber Monday, weren't imagining things: The Wall Street Journal reported that over a 72-hour period, Facebook and Walmart rolled out the largest mobile campaign in the retailer's history, consisting of 50 million ads on the social network. Walmart Chief Marketing Officer Stephen Quinn told the... read more>>
Socialbakers Acquires Croatian Ad Company SocialBrando
Socialbakers, which hosts a treasure trove of Facebook data, plans to expand its analytics power. The company announced Monday that it has acquired SocialBrando, an advertising firm based in Croatia. Socialbakers must've made SocialBrando - the company's 10th international office - an offer it couldn't refuse. Following its second investment round, led by Index Ventures, Socialbakers' acquisition of SocialBrando will help the company expand its analytics platform. SocialBrando's team will become part... read more>>
Twitter-Instagram Talks Before Facebook Deal?
How close was Instagram to being acquired by Twitter? According to a report by The New York Times, it depends who you ask. According to the Times' Bits blog, while testifying at a California Department of Corporations hearing in August related to Facebook's acquisition of Instagram, Kevin Systrom, CEO of the photo-sharing app, when asked if Instagram had received any other offers besides Facebook's, said: We never received any formal offers or term... read more>>
Viral Statement On Facebook About School Shooting Is Wrongly Attributed To Morgan Freeman
Not long after the initial shocked reaction in the wake of a deadly mass-shooting Friday in Connecticut, several Facebook users posted a statement from actor Morgan Freeman, pleading with the media to stop using the shooter's name. While the sentiment is heartfelt and valid, it apparently did not come from Freeman. This statement, usually accompanied by a photo of the actor famous for his roles in The Shawshank Redemption and The Bucket... read more>>
Report: Facebook Testing Snapchat-Like Photo Messaging App
Facebook is currently testing another stand-alone application for launch, which would join Facebook Messenger and Camera, and the new app, set to launch in the coming weeks, is similar to real-time picture chatting app Snapchat, according to AllThingsD. Sources told AllThingsD the app will be stand-alone, like Messenger and Camera, and it will enable users to send non-permanent photo messages to each other. Snapchat allows users to send photo messages to each other,... read more>>
Saudi Arabian Prince Al Waleed Bin Talal Favored Twitter Over Facebook In Terms Of Growth Prospects
Facebook's initial public offering did not get royal approval from Saudi Arabian Prince Al Waleed bin Talal, founder and chairman of Kingdom Holding, as The Telegraph reported that the prince told Arabian Business magazine he was more confident in Twitter in terms of growth. According to The Telegraph, Prince Al Waleed bin Talal told Arabian Business: We did monitor the company very well, but we felt uncomfortable with the pricing. (Facebook) was priced... read more>>
UPDATED: Thousands Share Facebook Profile Of Brother Of Conn. School Shooter Prior To Corrections By Media
Not long after the name of the shooter who killed nearly 30 people - including 20 children - was released following a tragedy Friday morning at a Connecticut elementary school, many people rushed to Facebook to find the social media profile of Ryan Lanza. The Facebook profile of a Ryan Lanza from Newtown, Conn. was posted all over the Internet, with roughly 9,000 people sharing his profile photo. However, the early... read more>>
INFOGRAPHIC: Facebook's Worldwide Expansion
By now, many people know that Facebook's headquarters are located in Menlo Park, Calif., just south of San Francisco. But the company has far-flung offices in Ireland, Luxembourg, and India, among several other places. An infographic from BusinessProfiles.com shows where Facebook's 67 affiliates are located. Readers: Were you surprised to see just how widespread Facebook is?... read more>>
Facebook Asks What You're Doing For The Holidays
Much like Facebook did for Halloween and Thanksgiving, some users (and page administrators) are seeing a holiday-related prompt where the usual, "What's on your mind?" message is. Facebook is asking some people, "Are you doing anything special for the holidays?" Readers: Have you seen this prompt? Teaser image courtesy of Shutterstock.... read more>>
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FishbowlLA In Wake of Tragedy, Commenters Decry Compilations of Celebrity Tweets
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