Facebook October Update

UGNN InfoManager news all about social media and Facebook Okay, so after last week’s fiasco — a little ‘non-political’ facebook news is in order — and man, there’s no shortage of facebook news! So here’s the Facebook World for your mid-October…
* Amazon, Apple, Facebook: Are They Large Enough To Drive The Entire US …
* Facebook Gifts, Will It Impact Indian Social Gifting Startups?
* SEC Facebook IPO Probe Said to Find No Wrongdoing So Far
* Facebook VP says the company is finally focused on mobile
* Congress Launches Inauguration 2013 Website, Facebook Page
* Facebook privacy targeted by Austrian law student
* Facebook is getting rid of its Questions feature
* Facebook privacy issues percolating in Europe
* Lane Goodwin : Facebook sensation, 13
… and a lot more!


SEC Facebook IPO Probe Said to Find No Wrongdoing So Far

The Securities and Exchange Commission, which began probing Facebook Inc.’s (FB) May 17 IPO after its stock price plummeted, hasn’t found evidence that the company withheld material information from investors, a person familiar with the matter said.
      The SEC, whose investigation is continuing, is still looking at other IPO-related issues, including whether retail investors were harmed by misleading information from brokers or selective disclosures to analysts by the company’s bankers regarding Facebook’s prospects for mobile customers, said the person, who asked not to be identified because the probe is confidential.
READ THIS REPORT Full story : Bloomberg


Facebook privacy issues percolating in Europe

Max Schrems is the founder of Europe v. Facebook, a group seeking to have Facebook adhere to European privacy laws. Schrems discusses his path to starting the group when he requested his personal data file from Facebook and received an extensive 1,200-page file documenting very detailed elements of his life.
      This is a video, and takes a while to load. You’ll also have to sit through an ad
READ THIS REPORT Full story : Washington Post


Lane Goodwin : Facebook sensation, 13

Lane Goodwin, 13, a small-town boy who won a huge Facebook following for his thumbs-up attitude about his cancer, has lost his battle with the disease. He died Wednesday night, eliciting an outpouring from his heartbroken followers.
      The announcement of Lane’s death came on his Facebook page, which had 369,000 followers as of Thursday. The announcement said the boy from Beech Grove, Ky., who loved fishing and soccer had “gained his angel wings.”
READ THIS REPORT Full story : Philadelphia Inquirer


Facebook VP says the company is finally focused on mobile

The social network turns its attention from desktop to mobile. At a confab in Silicon Valley, VP Vaughan Smith reassures developers and talks about what Facebook has done to make the switch.
      As recently as the end of last year, 80 percent of the products pitched by Facebook’s various product teams were focused on how people use the social network on desktops. But not anymore, according to Facebook VP Vaughan Smith.
READ THIS REPORT Full story : CNET


Amazon, Apple, Facebook: Are They Large Enough To Drive The Entire US …

It sounds almost absurd that just three technology companies could between them be large enough to drive the entire commercial property market in a country of 300 million people. But it does appear that, at least at the margin and by one method of measurement, that it is true.
      Sure, of course, Apple building a new head office will indeed boost the US commercial property market. Anyone putting up a new commercial building will boost the commercial property market.
READ THIS REPORT Full story : Forbes


Facebook privacy targeted by Austrian law student

To carry on his war against Facebook, Max Schrems figures he needs at least 200,000 euros — about $250,000 — no small sum for a law student scraping by on a government stipend.
      Video: Max Schrems is the founder of Europe v. Facebook, a group seeking to have Facebook adhere to European privacy laws. Schrems discusses his path to starting the group when he requested his personal data file from Facebook and received an extensive 1,200-page file documenting very detailed elements of his life.
READ THIS REPORT Full story : Washington Post


Facebook Gifts, Will It Impact Indian Social Gifting Startups?

Last week Facebook made a quiet re-entry into its previously mildly successful segment ‘Gifts’. Back in 2007, Facebook had introduced virtual gifts which could be sent to a friend for any occasion, these gifts cost anywhere between $1-3.
      In 2008, Jeremy Liew of Lightspeed Venture Partners had quoted, “Since there were 322 gifts available for sale when we completed our last survey (Jan 8th, 2008), that implies that Facebook is selling just over 270k digital gifts per week. At $1 per gift, that implies an annual run rate of just under $15m.”
READ THIS REPORT Full story : Business 2 Community


Congress Launches Inauguration 2013 Website, Facebook Page

Congress has launched a website and Facebook page as it prepares for the 57th presidential inauguration to take place on the west side of the Capitol on Jan. 21.
      Sen. Chuck Schumer, D-N.Y., said in a statement Friday that the website will provide an encyclopedic resource for facts on past inaugurations and information about the ceremony where either President Barack Obama or Mitt Romney will be sworn in as the next president.
READ THIS REPORT Full story : Huffington Post


Facebook is getting rid of its Questions feature

Take a look at your Facebook. At the top of the page there is a box that says, ‘What’s on your mind? — Now look right above that, to where says Update Status and Add Photo/Video. Did you ever notice that there is a third option called “Ask a Question?”
      Whether or not people ever used Questions is about to become irrelevant since the feature is about to be phased out for users, though it will remain for Pages and Groups.
READ THIS REPORT Full story : VatorNews


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