A million members isn't cool. Do you know what's cool? A billion members. Yes, we're semi-quoting from the movie The Social Network, in which Justin Timberlake, playing the part of Napster founder Sean Parker, talks about scaling to a billion dollars. Facebook's been there and done that, and now it can add to its list of achievements that it's now home to more than one billion people actively using the social networking service each and every month.
You don't need to pity Mark Zuckerberg, the billionaire whiz kid who may have gotten himself in over his head when taking the world's largest social playground to the stock market. As in, way over his head. He'll be okay. But that $38 IPO price, which was supposed to be just the beginning of a much, much higher number? It seems like a distant memory just four short months later. For one reason or another, Facebook's share price keeps moving further away from its IPO price, having started the week off by dropping more than 9.1 percent to $20.79 on Monday. Today it's down slightly more, and some are saying it could fall to $15.
Valve's Steam Community shed its beta baggage and is now open to anyone in the general public interested in finding and sharing game related content. The cleaned up release introduces a handful of new features, like automatically formatting YouTube links, a slick new interface (including a collage of your finest gaming moments on the screenshots page), the ability to search within discussions areas, and other goodies.
In Mark Zuckerberg's relentless effort to improve the world's largest social playground, Facebook is waging war against bogus "Likes" that may have originated from false accounts. This isn't something that will affect the average user, but it will eliminate Likes gained by malware, compromised accounts, and other nefarious means, the company recently announced.
Facebook is a great place to follow the lives of friends, and family, but it’s also an amazing repository of your personal information. Even casual users would be surprised how much data they have poured into the service over the years, and now you finally have a way to put it into perspective. Wolfram Alpha, the world’s greatest computational knowledge engine, has launched a service that will reduce your Facebook social life to a series of mathematical charts.
Be honest, do you really have a close relationship with the 500 or 1,000 people in your online social network? Probably not, but Facebook has, for some time now, been reminding you of each one's birthday (optionally), and then it's up to you whether you want to post a message or not. It's a pretty basic feature, and now it's available in Google+. You know, just in case you can't remember the dates for the three people in your circles who actually use the service (we kid, we kid...sort of).
For the past three and a half years, President Obama has been to foreign locales and all over the United States. As he fights to keep his job in the upcoming election, his travels took him to a new destination, a pitstop on Reddit as he embarks on his campaign trail. If you couldn't access Reddit for a short while yesterday, it's because users flocked to the site to participate in his AMA (Ask Me Anything) session.
For all the hype leading up to Facebook's Initial Public Offering (IPO) in May of this year, it's somewhat hard to believe the social networking site is performing so poorly in the stock market. It's not shocking that Facebook hasn't lived up to all those inflated valuations that came courtesy of hefty private investments before being traded on the public market, but would you have guessed it would become the second worst performing IPO post share lock-up? Let us explain if you don't know what that means.
Have you ever seen a couple of nerds try to trash talk each other? If not, you may get your chance, as Nokia's Vice President of Sales and Marketing, Chris Weber, took to Twitter to call out rival Samsung and warn the company that it's bringing its A-game with its next generation Lumia device. It's not an earth shattering tweet by any means, though you don't often see company execs calling out their rivals.
In a 3-1-1 vote (three approvals, one dissent, and one not participating), the Federal Trade Commission (FTC) has accepted final terms of a settlement with Facebook to resolve charges that the social networking site engaged in deceptive privacy practices. Terms of the settlement do include a monetary fine, as was the case with Google, which agreed to pay a record $22.5 million penalty to the FTC to settle a different set of alleged privacy violations.