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Facebook Inc (FB) CFO David Ebersman to step down

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Facebook Inc (NASDAQ:FB) chief financial officer David Ebersman is leaving the company later this year. Ebersman oversaw Facebook’s IPO, the Instagram acquisition, and the WhatsApp acquisition.
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Facebook Inc (FB) passed the 1 billion monthly active mobile user mark

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Facebook Inc (NASDAQ:FB) reported its Q1 2014 results today. Facebook revealed that it now has over 1.28 billion monthly active users and over 1 billion monthly active mobile users.
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Facebook Inc (FB) gets U.S. antitrust approval for Oculus deal

Oculus Rift
Facebook Inc (NASDAQ:FB) has received approval from the U.S. government to approve of the $2 billion acquisition of Oculus VR after the Federal Trade Commission examined the deal. The FTC decided that this deal would not violate U.S. antitrust laws. In the acquisition announcement, Facebook said that Oculus would operate independently outside of Facebook. Oculus VR will continue focusing on gaming initially, but will expand into new areas later on.
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Facebook Inc (FB): WhatsApp hits 500 million users

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Facebook Inc (NASDAQ:FB) is in the process of closing its $19 billion acquisition of WhatsApp. WhatsApp hit a major milestone yesterday, which is that it hit 500 million active monthly users. WhatApp users are sharing 700 million photos and 100 million videos per day.

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Facebook Inc (FB) now powers over half of all social logins

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What are social logins? It is a way to sign into services without having to sign up for each service individually with another password. According to Gigya, Facebook Inc (NASDAQ:FB) is the leader by powering over 51% of all social logins in North America. Google+ is in second place at 31%. Google is followed by Yahoo! (15%) and Twitter (4%). Facebook gained 2% compared to Q4 2013. On mobile social logins, Facebook powers 62% of logins followed by Google+ (26%), Twitter (6%), and Yahoo! (4%). 

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Facebook Inc (FB) is reportedly launching mobile ad network

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Facebook Inc (NASDAQ:FB) is preparing to launch its own mobile ad network that competes against Google’s AdMob and Apple’s iAd, according to Re/code. Facebook is expected to be launching the new service at the Facebook Developer Conference in San Francisco later this month. Facebook serve ads already so this means that you will see Facebook ads even if you are not on the social network. Facebook generated $1.24 billion in mobile ads in Q1 2014 from just the Facebook line of apps. Now Facebook wants to make its ads available to other developers.
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How the Oculus Rift was used by this dying grandmother


Facebook acquired Oculus for $2 billion recently. Oculus VR is a company that builds the Oculus Rift virtual reality headset. One of the best ways that the Rift was used was when video game artist Priscilla Firstenberg used the Oculus Rift development kit to enable her sick grandmother to take a final tour of the yard outside of her home.
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Facebook Inc (FB): Paper users look at 80 stories per day

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Facebook Inc (NASDAQ:FB) has released an update to its Paper app (version 1.1). Facebook launched the Paper app on February 3rd and the social network company said that “people have explored an average of 80 stories a day.” Facebook did not reveal how many people actually use the app though. 

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