Although we’re trying to do our best to stay clear of the political propagands toilet, with all the social media bursting at it’s seams with garbage, we couldn’t help one or two. Facebook and Twitter seem to be running the election this year, there are other tidbits of news in the Facebook World not revolving around politics…
* Twitter, Facebook conversation about Obama’s debate more positive
* What We Can Learn About Facebook From its Bizzare Chair Ad
* Facebook asks court to dismiss $15 billion privacy suit
* Facebook to charge users to ‘promote’ posts to friends
* Vest Inflates When Facebook Friends ‘Like’ Your Posts
* Facebook Said to Plan Halving $3 Billion Credit Line
* Facebook Charge-for-Access Hoax Resurfaces
* Create As Many Fake Likes As You Want
* The week in tech: 5 must-know things
* Five things Facebook did this week
* Facebook Should Buy Zynga
… and a lot more!
Facebook Should Buy Zynga
The Wall Street Journal reported late on Friday that the social-networking website operator wants to cut its credit line in half. Going from $3 billion to $1.5 billion to draw from — and extending the terms of the potential borrowings from one year to three years — makes sense.
Facebook closed out its latest quarter with $10.2 billion in cash and marketable securities on its balance sheet. Analysts see the company earning more than $1 billion this year and roughly $1.7 billion in the year ahead.
Full story : DailyFinance
Facebook asks court to dismiss $15 billion privacy suit
Facebook has asked a federal court to dismiss a $15 billion privacy lawsuit because the Facebook users suing the social network didn’t specify how they were injured by the company’s actions, Bloomberg reported
The suit, filed in May, accuses Facebook of violating user privacy by tracking which Web sites the users visit even when they’re logged out of Facebook.
Full story : Wall Street Journal
Vest Inflates When Facebook Friends ‘Like’ Your Posts
Missing friends who live states away? Or just need a little family comfort after a long day? How about a virtual hug?
The fashionable technology, dubbed Like-A-Hug vest, is being touted as “wearable social media” — it inflates to embrace wearers whenever Facebook friends “Like” items they post on the network, according to the website of designer Melissa Chow.
Full story : PC Magazine
Facebook Said to Plan Halving $3 Billion Credit Line
Facebook Inc. (FB), operator of the world’s largest social network, plans to reduce by half a $3 billion credit line due to a decline in its tax liability, a person familiar with the matter said yesterday.
The Menlo Park, California-based company also plans to extend the term of the loan to three years from one year, said the person, who asked not to be named because the matter is private. Facebook said in March that it secured a $3 billion 364-day bridge loan to fund taxes for employees who exercise their restricted stock units. It also lined up a $5 billion five-year revolving line of credit ahead of its initial public offering in May, according to a filing.
Full story : Bloomberg
Twitter, Facebook conversation about Obama’s debate more positive
Seems like the chatter on Twitter and Facebook about Wednesday’s debate was a lot different — as in positive towards President Obama — than it was in other parts of the media playpen. It was also more negative toward Mitt Romney, according to a study just released by the Pew Research Center’s Project for Excellence in Journalism.
This dovetails with our story Friday about how the narrative on social media platforms is increasingly driving the stories around the debates. And here are some Shaky Hand videos that help tell the story about how the campaigns think social media is gaining a dominant influence.
Full story : San Francisco Chronicle (blog)
Five things Facebook did this week
It was a busy week for Facebook, which hit a major milestone, made fashion news and made some users uneasy about privacy again.
In case you missed it, here are the highlights
Full story : CNN
The week in tech: 5 must-know things
This week in tech was focused on one of the biggest figures in the tech world, Apple co-founder Steve Jobs, and how his company will survive in the years to come. Here are the five things you need to know about this week in tech:
1) One year anniversary of Steve Jobs’ death
2) Facebook at 1 billion
3) Did you know you could do this with Apple iOS 6?
4) Cable companies cap data use for revenue
5) T-Mobile, MetroPCS merge
Full story : USA TODAY
Facebook Charge-for-Access Hoax Resurfaces
No, Facebook is not going to be charging you for access. If your friends are posting status updates claiming that Facebook will be charging membership fees, don’t believe it, because it’s a hoax.
The folks over at anti-virus firm Sophos are warning that this tried-and-true scam resurfaced and “spread widely” across Facebook this week. This time, users are posting status updates, which may be written in all caps, claiming that Facebook has just released a “price grid” for membership.
Full story : PC Magazine
Create As Many Fake Likes As You Want
Yesterday we told you that Facebook quietly scans your messages, searching for URLs that you’ve sent to your friends. When it sees one, it increases the number of Facebook Likes on that URL.
The business media — Wall Street Journal, Forbes, and Gizmodo — have portrayed this as a privacy invasion.
But perhaps more importantly, it appears to be a massive source of bogus Likes. Put simply, by using your own Facebook messages you can drive up the apparent number of likes any non-Facebook page gets, even if the messages you send don’t indicate that you actually like the page.
Full story : Business Insider
What We Can Learn About Facebook From its Bizzare Chair Ad
Facebook has always been about the stories that we tell ourselves, and the stories that we tell each other. It’s a platform and a tool above all else. In the post-IPO era, however, investors are starting to require a slightly stronger narrative from the social media-giant, preferably one that involves profits and growth. This isn’t that story, but it is an attempt by Facebook to tell us a story about why it’s important. Perhaps unsurprisingly, it’s muddied, weird, and unclear.
Full story : Forbes
Facebook to charge users to ‘promote’ posts to friends
Facebook announced Wednesday that Joe Sixpack will soon be able to ensure that you’re reading his messages, thanks to an expansion of the Promoted Posts program, which lets businesses pay anywhere from a few dollars to a few thousand to ensure that hundreds of thousands of Facebookers see your posts.
“As part of a test starting today, people in the U.S. can promote personal posts to their friends on Facebook,” explained Abhishek Doshi, a software engineer, on Facebook’s website. ‘When you promote a post — whether it’s wedding photos, a garage sale, or big news — you bump it higher in news feed so your friends and subscribers are more likely to notice it.’
Full story : Fox News
Thanks for reading . . .