Facebook has hit a major milestone. On Tuesday, Facebook announced that they have hit 1 million businesses actively advertising on the social network. A majority of these businesses are small.
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Samsung Electronics Co., Ltd. (KRX:005930) executives have met with Facebook CEO and co-founder Mark Zuckerberg to discuss the possibility of working with them on potential partnerships and ad deals. Zuckerberg and Samsung president Shin Jong Kyun also talked about the generalities of information technology. Zuckerberg met with Samsung’s executives at their Seocho office building in Seoul, South Korea.
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Facebook subsidiary, Instagram is reportedly working on a video streaming service that would compete with Twitter’s Vine service. Sources with TechCrunch are reporting that Instagram and Facebook are going to let users take short videos within the Instagram app. The new service is expected to launch on June 20th during an event at their headquarters in Menlo Park, California.
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Facebook is going to announce a new product at their headquarters in Menlo Park, California on June 20th. Facebook sent an invitation to the press through the mail.
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Facebook and Microsoft have both revealed how many data requests that they have received from the U.S. government. Facebook received around 9,000-10,000 requests for data in the second half of last year. Microsoft disclosed between 6,000-7,000 requests that implicated around 31,000 to 32,000 accounts.
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Facebook’s mobile advertising revenues are expected to hit $2 billion this year, according to forecasts by eMarketer. This is an increase of over 300% from last year. Facebook hit less than half a billion dollars last year in mobile ad revenues.
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Facebook will soon start recognizing hashtags. Hashtags are one of the most popular features on Twitter and serves as a monetization source. Many leading brands buy sponsored hashtags from Twitter as part of one-day campaigns. Facebook said today that the feature will roll out across the social network. Users and advertisers will be able to utilize the feature to highlight events and topics.
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Facebook CEO Mark Zuckerberg faced some intense questions on Tuesday at the company’s first annual shareholder meeting. This is the company’s first annual shareholder meeting since the company had a rough IPO in May 2012. Zuckerberg was at the helm of the company as their stock declined over 37% since debuting at $38.
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