Facebook Inc (NASDAQ:FB) is working on a tool that will let users search for posts using keywords, according to Bloomberg. Some Facebook users on the mobile app have been given an option to search for old posts from their Facebook friends.
Facebook Inc (NASDAQ:FB) is going to start penalizing Pages that use a clickbait strategy. For example, there are some Pages that post headlines like “you won’t believe this when you see it!” “Clickbaity” titles are defined as a headline that encourages people to click without telling them much information about what they will see.
There is a law student in Austria that filed a class action lawsuit against Facebook Inc (NASDAQ:FB) for privacy violations. It gathered support from 60,000 users and passed the first legal review.
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.