Showing posts with label Mark Zuckerberg. Show all posts
Showing posts with label Mark Zuckerberg. Show all posts

Monday, 31 December 2012

Private picture of Mark Zuckerberg's sister leaks online

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Even Mark Zuckerberg's family can get tripped up by Facebook's privacy settings.
A picture that Zuckerberg's sister posted on her personal Facebook profile was seen by a marketing director, who then posted the picture to Twitter and her more than 40,000 followers Wednesday.
That didn't sit well with Zuckerberg's sister, Randi, who tweeted at Callie Schweitzer that the picture was meant for friends only and that posting the private picture on Twitter was "way uncool." Schweitzer replied by saying the picture popped up on her Facebook news feed.
The picture shows four people standing around a kitchen staring at their phones with their mouths open while Mark Zuckerberg is in the background.
Randi Zuckerberg, who used to run Facebook's marketing department and now produces a reality television show, eventually said Schweitzer was able to see the picture because they had a mutual friend. Those tweets have since been taken down.
Schweitzer declined to comment when reached by The Associated Press. Randi Zuckerberg didn't reply to a message via Twitter seeking comment.
Randi Zuckerberg used the dustup to write about online sharing etiquette.
"Digital etiquette: always ask permission before posting a friend's photo publicly. It's not about privacy settings, it's about human decency," she posted on Twitter.
But Randi Zuckerberg's comments sparked sharp reactions from people who thought the issue wasn't about etiquette, but rather Facebook's often changing and often confusing privacy settings.
"The thing that bugged me about Randi Zuckerberg's response is that she used her name as a bludgeoning device. Not everyone has that. She used her position to get it taken it down," said Eva Galperin of the Electronic Frontier Foundation, a privacy advocacy group in San Francisco.
While Facebook has made improvements in explaining the social network's privacy settings, Galperin said they remain confusing to most people. She added that with people using Facebook as part of their everyday lives, the consequences of fumbling privacy settings can become serious.
"Even Randi Zuckerberg can get it wrong. That's an illustration of how confusing they can be," she said.
The Menlo Park, Calif., company recently announced it is changing its privacy settings with the aim of making it easier for users to navigate them.
The fine-tuning will include several revisions that will start rolling out to Facebook's more than 1 billion users during the next few weeks and continue into early next year.
The most visible change - and perhaps the most appreciated - will be a new "privacy shortcuts" section that appears as a tiny lock at the top right of people's news feeds. This feature offers a drop-down box where users can get answers to common questions such as "Who can see my stuff?"
But Galperin said Wednesday's incident also illustrates a general concern about Internet privacy. Essentially, she said, if you share information or a photo with your social network, people in your network have the ability to share that with whomever else they choose.
The mobile photo-sharing service Instagram, which is owned by Facebook Inc., had to answer to backlash to privacy concerns recently when new terms of service suggested user photos could be used in advertisements. The company later said it would remove the questionable language.

Sunday, 23 December 2012

Facebook puts mobile ads experiment on hold

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Facebook said Wednesday it is halting a test of placing ads in "apps" that synch to the leading social network, renewing questions on how it will boost revenues from members using smartphones or tablets.
"We are pausing our mobile ads test off of Facebook," a company spokesman said in an email response to an AFP inquiry.
"While the results we have seen and the feedback from partners have been positive, our focus is on scaling ads in mobile news feed before ads off of Facebook."
The test of placing ads in Facebook-linked apps will be halted by the end of the year as the California-based firm makes a priority of developing ways to profit from "news feeds" of posts shared between friends at the social network.
Facebook shares were down slightly on the news, slipping less than a percent to $27.60 in late afternoon trading on the Nasdaq exchange.
Facebook stock rallied in October after the company reported quarterly earnings that showed gains in tapping the mobile advertising market.
During an earnings call with analysts, founder and chief executive Mark Zuckerberg said the company was "just getting started with our mobile product development and monetization.
Facebook went public in May with a resounding flop, its $38 initial public offering price immediately plunging to eventually less than half that.
That angered many investors who had built hopes that the company's huge popularity would result in huge gains in the share price.
Analysts have questioned the company's ability to earn money from smartphones, where Facebook is finding its users more often now.

Thursday, 20 December 2012

Zuckerberg donates half a billion dollars in Facebook stock for charity

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Facebook Inc Chief Executive Mark Zuckerberg is donating half a billion dollars in Facebook stock to a Silicon Valley charity, his second major donation since committing to giving away most of his wealth.
The 28-year old co-founder of the world's largest online social network said in a Facebook post on Tuesday that he would work with the Silicon Valley Community Foundation to "look for areas in education and health to focus on."
Zuckerberg, whose stake in vested Facebook shares is worth roughly $11 billion, announced plans in 2010 to give a $100 million gift to the beleaguered public schools of Newark, New Jersey.
The gifts are part of Zuckerberg's involvement in The Giving Pledge. Launched by Microsoft founder Bill Gates and investor Warren Buffett in 2010, the group asks U.S. billionaires to give away at least half their wealth during their lifetime or after their death and to publicly state their intention with a letter explaining their decision.
Zuckerberg said on Tuesday that he made a contribution of 18 million Facebook shares to the Silicon Valley Community Foundation to "lay the foundation for new projects."
At Tuesday's closing price of $27.71 per Facebook share, the gift translates to $498.8 million.
Zuckerberg founded Facebook in his Harvard dorm room in 2004, turning it into the world's most popular online social network with roughly 1 billion users. With its high-profile initial public offering in May, Facebook became the first U.S. technology company to debut with a $100 billion-plus valuation, though questions about its long-term money-making prospects have pressured share prices.
© Thomson Reuters 2012

sam4sammy :: Confirmed: Twitter had agreed to buy Instagram before Facebook swooped in

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Weeks before he accepted a $1 billion buyout offer from Facebook Inc, Instagram CEO Kevin Systrom had verbally agreed to a $525 million offer from Twitter, according to a report in The New York Times citing unnamed sources close to Twitter and Facebook.
Twitter executives were then shocked that Systrom went ahead with the Facebook deal without giving them a chance to make a counteroffer, the Times reported.
Systrom later told California state regulators under oath that his company had not received any "formal offers or term sheets" from potential buyers aside from Facebook, the Times report said, adding that its sources said Twitter executives had given Systrom a term sheet outlining the details of a proposed deal.
A spokeswoman for Facebook declined comment. Twitter could not be immediately reached for comment.
Facebook CEO Mark Zuckerberg ultimately acquired Instagram after pushing through a cash-and-stock deal just weeks before Facebook's May initial public offering. The transaction closed in September at a $715 million valuation, reflecting Facebook's stock drop since the offering.
Relations between Twitter, Instagram and Facebook have soured since Facebook successfully swooped in on the photo service. Earlier this month, Instagram shut off a functionality that allowed Twitter to display Instagram pictures, while Twitter has introduced its own photo color-filters to compete with Instagram.
© Thomson Reuters 2012