Facebook has become a virtual newsroom of sorts, with a recent study by the Pew Research Center’s Journalism Project finding that three out of 10 U.S. adults get at least some news while on Facebook, and 78 percent of Facebook users see news while navigating the site. Now, the social network is aiming to become an invaluable resource for journalists and media organizations, announcing that it teamed up with social content discovery outfit Storyful to launch FB Newswire.
Despite attempts by analysts Heather Bellini of Goldman Sachs and Ross Sandler of Deutsche Bank to find out more about Facebook’s reported impending entry into the electronic currency arena, Chief Operating Officer Sheryl Sandberg would not budge during the company’s first-quarter earnings call Wednesday.
Despite recent reports that Facebook will announce its mobile ad network at its F8 global developer conference in San Francisco April 30, Chief Operating Officer Sheryl Sandberg didn’t have much to say on the subject during the company’s first-quarter earnings call Wednesday.
Despite Facebook’s move away from HTML5 and toward building its own native applications, Co-Founder and CEO Mark Zuckerberg spoke kindly of HTML5 during the company’s first-quarter earnings call Wednesday.
Facebook Co-Founder and CEO Mark Zuckerberg divided the social network’s portfolio of applications into three stages during the company’s first-quarter earnings call Wednesday afternoon, putting the flagship Facebook apps in the most mature category; followed by established offerings Messenger, Instagram, and WhatsApp; and capped by the fruits of its new Facebook Creative Labs initiative, such as iPhone app Paper.
Legend has it that when famous bank robber Willie Sutton was asked why he targeted banks, he replied, “Because that’s where the money is,” and the same logic applies to why Facebook’s quarterly earnings calls devote so much time to advertising. The social network’s first-quarter earnings call Wednesday was no exception.
Facebook’s latest acquisition move involved Moves, as the social network announced its acquisition of ProtoGeo Oy, parent of fitness-tracking “activity diary” application Moves. Terms were not disclosed.
Facebook Chief Technology Officer Mike Schroepfer reported in a Form 4 filing with the Securities and Exchange Commission that he sold off another 25,000 shares of class-A common stock in the company.
Odds are, most Facebook users have seen status updates in their News Feeds with some variation of the “pay it forward” theme, meaning that if a stranger or friend shows a person kindness in some form, the recipient does something nice for someone else. But which countries and cities were responsible for the most pay-it-forward status updates? Lada Adamic and Thomas Lento of the Facebook Data Science Team have the answers.