Facebook Inc (NASDAQ:FB) is going to give more information to advertisers about its users across multiple devices. This could lead to privacy concerns amongst its users. Facebook said it will inform advertisers what devices shoppers first viewed and the items that they have purchased. Facebook will also report which device they were using when they purchased the item.
Facebook Inc (NASDAQ:FB) announced yesterday that it has acquired PrivateCore, which is an online security startup that focuses on server security. PrivateCore will help Facebook keep their data centers safe from malware. The terms of the deal were undisclosed.
A data privacy campaign has signed up more than 25,000 people to a class action lawsuit filed against Facebook Inc (NASDAQ:FB). Max Schrems claims that the way that Facebook monitors member activity on and off the social network is in breach of European Union laws. In the claim, Schrems claims that Facebook cooperated with a U.S. surveillance program called Prism. Facebook denied knowing about Prism before it was mentioned in the leaked government documents. However, Facebook acknowledged that it complied with national security requests.
Melinda Kiss is a Long Island, New York resident that got married on June 6th to Bob Flecker. After returning from her honeymoon, she decided to update her name on Facebook to Melinda Kiss Flecker. Facebook stopped her from updating her name though.
On Wednesday, Facebook announced its second quarter earnings after the stock market closed. Facebook reported a net income of $791 million (30 cents per share). Non-GAAP earnings were 42 cents per share on revenues of $2.91 billion, which is an increase of 61% from the same quarter last year.
Facebook Inc (NASDAQ:FB) is testing out an ad format that will be useful for businesses. This could help drive sales through the News Feed and on Facebook Pages.
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In the city of Menlo Park, California, Mary Ferguson works as a police officer. What makes her situation unique from other police officers is that she receives a salary from Facebook. Facebook pays her an annual salary of $194,000, according to The Wall Street Journal. Tech companies sometimes paid police officers in the 90s, but the practice is fairly uncommon.
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Facebook Inc (NASDAQ:FB) has launched a new feature for its app advertising platform that lets developers monetize with ads that drive installs and re-engagement. The advertisements are for in-app purchases within an app itself. The purchases are for Facebook desktop game virtual goods that appear in the News Feed or sidebar. If Facebook brings this feature to mobile apps, it could be a way for the social network to earn money from developers that have apps on Google Play or Apple iTunes. As of right now, the ads are only for desktop games. The ads are already live and it essentially lets Facebook double-dip, meaning the ads cost money to show on Facebook.com and the company takes a 30% cut of the in-game purchases.