Facebook is determined to double up its workforce, and it plans to do that by hiring "thousands of employees" in the Big Apple. The world's largest social networking playground has already begun accepting applications as it prepares to open a new engineering center in New York City next year, the first of its kind in the East Coast. Facebook currently employs around 100 people at its New York facility, compared to around 3,000 employees in California.
Facebook has had its own version of a Foursquare style check in system for ages now, but given that just about everyone including myself still calls it a “Foursquare style check in system” suggests they’ve failed somehow. Given how many users the social networking giant hosts each month one would have suspected the in-house solution would have picked up critical mass by now, but somehow it seems to have stumbled. Now according to reports, Facebook has acquired Foursquare competitor Gowalla for an undisclosed sum.
Readers of Maximum PC know that our own Gordon Mah Ung hates social networking. But he loves to rant, as evidenced by our podcasts, and if he ever chose to embrace Facebook, he could spout off whatever injustices he feels like raging about, 60,000 characters at a time. Actually, Facebook bumped up the posting limit to 63,206, and we're sure Gordon would have no trouble ranting for an additional 3,000 characters.
There's no question Facebook will fetch a ton of cash if it's thrust upon the stock market, you can be as sure about that as anything else in this world. But can it fetch $10 billion? According to at least one report, that's how much Mark Zuckerberg and company hope to raise when Facebook goes public next year. If an initial public offering (IPO) brings in that kind of cash, it will ultimately value Facebook at more than $100 billion.
The rumors have been swirling quite literally for years, but All Things D claims to have a line on the real Facebook phone that is being developed be the social networking company. The device is codenamed “Buffy” after the iconic TV vampire slayer, and is being designed by Taiwan's HTC Corporation. As for software, Buffy is going to be loaded with a heavily modified version of Android.
According to sources inside the company, Facebook CEO Mark Zuckerberg nearly set kicked off full-scale pandemonium at the Facebook offices when he recently told employees the long-awaited IPO was coming soon. Facebook has been teasing the market for the better part of a year with speculation that it would file its S-1 papers and sell stock publicly. For employees, that would mean a chance to finally cash in on all that stock.
We know what you're thinking -- cyberspace needs another social network like, well, cyberspace needs another social network. No further example is necessary, and some would say it's tough enough trying to juggle Facebook, Google Plus, Twitter, and even LinkedIn (for the more business oriented folk). Is there room for Microsoft to add yet another social portal?
There’s no denying that social media has changed the way a lot of people conduct business and relationships. Although, organizing all that valuable data is a major pain. Software developer and former Lifehacker Gina Trapani has been working to change that with ThinkUp, a server-based app that assembles, archives, and analyzes your social life. ThinkUp shed its beta label today as it hit 1.0.
It’s not uncommon to see a free iPad scam pop up in your Facebook feed, but the latest apparent hack is a little more about shock than profit. An as yet unknown attack appears to be flooding some users’ feeds with images of gore and pornography. Facebook has acknowledged an increase in reports of such content, ans is investigating.
You may recall that the U.S. Department of Justice once used the Computer Fraud and Abuse Act (CFAA) to prosecute a woman who created a fake MySpace account and then verbally berated a 13-year-old girl, a girl who committed suicide as a result. The DoJ was successful, at first, because the grown woman's act of creating a fake account ran afoul of MySpace's terms of service. She was convicted, and then later had the ruling overturned. The DoJ is now expected to make a statement saying it should be able to prosecute users who ignore ToS guidelines.