Back in 2010 Facebook released Automatic Facial Recognition feature and now the social network acquires facial recognition startup Face.com.
Face.com was founded just three years ago and already provided some face recognition technology to Facebook. According to the Financial Times, the amount of the deal can be estimated in the tens of millions of dollars. The mass media called the sum of $ 80-100 million.
Previously, we published 5 Tips To Quit A Facebook Addiction. Now The Daily Telegraph reports that Facebook addiction appears to be even more stronger than alcohol or tobacco ones.
On Monday Scott Forstall announced integration of Facebook into the iOS 6 and OSX Mountain Lion operating systems at the Apple Worldwide Developers Conference in San Francisco.
As we reported before NASDAQ Will Compensate Facebook IPO Issues, now we know the amount: NASDAQ agrees to pay $ 40 million compensation for the trader’s losses caused by software issues during the Facebook initial public offering.
Nasdaq CEO Robert Greifeld apologized for the problems encountered on May 18.
We already mentioned that Facebook plans to open “App Center”, today it is online. Facebook offered application developers an easy access to the 900 million users audience of the social network. With the help of “App Center“, they can create pages with description and links to their applications on popular services – Apple App Store and Google Play.
If your Facebook page has at least 400 Likes, then you have a new opportunity for Facebook advertising – Promoted posts.
By clicking on this button at the bottom of the status update widget, you can select your budget for advertising, and then see the percentage of the users who read it.
NASDAQ is ready to pay out compensation to the investors affected by the issues on the Stock Exchange while Facebook’s initial public offering.
NASDAQ mentioned $ 13.4 million compensation amout, but this is clearly not enough: investors estimate their losses from the glitches on the Stock Exchange at about $ 120 million. Total loss is even higher: Facebook’s capitalization fell down more than $ 50 billion after the IPO.
Specialists of the Simply Zesty Agency picked up the most interesting videos of Facebook advertising campaigns. They all have a bright idea and a proved high level of the users engagement.
You’ve probably already heard about some of these campaigns, while others may be new for you. If your company is also interested in increasing the engagement of it’s audience on Facebook – you’ll be, for sure, inspired by these top advertising videos.
On Tuesday the price of the shares on NASDAQ stock market fell below $ 30 per share – the price dropped another 9.62% down to $ 28.84. The Facebook company value fell by 24%, to $ 61.66 billion since the Facebook IPO on May 18. Investors start talking about “bubble effect” of the social network and that the real level is $ 25 per share.
Facebook IPO scandals continue. Banks – co-organizers of the IPO (Goldman Sachs and JP Morgan) allowed short sell operations for their customers, which also affected Facebook shares fall, reported The Wall Street Journal (WSJ).
They played not only against the Facebook shares investors, but also against the leading underwriter of the IPO – Morgan Stanley, which tried to hold Facebook shares price on the first day of the IPO. Private investors began to take revenge on the social network, without waiting for court decisions: on Friday, someone flooded the article about Facebook in Wikipedia with pornographic images.
Let’s remind that Facebook IPO took place on May 18 with complications on NASDAQ, and Facebook shares quotes started to fall down after the first day of trading. The Friday’s quote is as follows: 31.91$ – 16% lower than the initial offering price.
