Facebook Managing Editor Dan Fletcher announced in a post on his Facebook page that he will leave the social network in April, after revealing the news Wednesday during a talk at the Edward R. Murrow College of Communication at Washington State University in Pullman, Wash., as reported by two journalism students at the school in a post on PBS MediaShift.
Before engineers at Facebook touch a single line of code, they go through boot camp, and Jon Erlichman of Bloomberg West got an inside look at the process, speaking with David Recordon, engineering manager at the social network, and fellow Engineering Manager Charu Gupta, who brought the added perspective of having worked at Google prior to Facebook.
Facebook has been growing in the way of location tracking, but according to Bloomberg, the company may soon unveil a mobile application that tracks users’ locations, even when the app is not open. Bloomberg reports that the app is designed to let users find friends who are nearby.
If you’re running behind on your bills and suddenly find a friend request on Facebook from an attractive woman in a bikini whom you’ve never met before, think twice before accepting the add. As Bloomberg reported Thursday, debt collectors are taking on fake personas on Facebook to reach users who owe money.
Facebook Co-Founder and CEO Mark Zuckerberg has been one of the most-discussed figures of our time. Some people love him, some criticize him, but most just watching from the sidelines marvel at how a 19-year-old could become the 29th-richest person in the world (according to Bloomberg’s Billionaires Index) by building a simple social program. Last week, I finished reading Think Like Zuck: The Five Business Secrets of Facebook’s Improbably Brilliant CEO Mark Zuckerberg by Ekaterina Walter and I found a lot of answers to that very question. So I sat down with her to talk about the book and Facebook in general.
Morgan Stanley, which served as one of the lead underwriters for Facebook’s much-hyped initial public offering, is coming under scrutiny by the state of Massachusetts. The state fined Morgan Stanley $5 million, claiming that the financial firm helped Facebook leak sensitive information to select companies, creating an unfair playing field for investors.
The name Barbara C. Jacobs may not ring a bell for most readers, but the name of the assistant director for corporation finance at the Securities and Exchange Commission is definitely a familiar one in the offices of Facebook Chief Financial Officer David Ebersman and Fenwick & West, the social network’s law firm, as she and her staff were responsible for vetting the company’s initial public offering filing.
Not everyone is dumping Facebook stock like dirty laundry. Netflix CEO Reed Hastings purchased roughly $1 million in shares of the social network, and Microsoft is reportedly holding onto its stake in the company.
Today is the most anticipated day for Facebook since the company went public May 18. The social network will release its second-quarter financial report at 5 p.m. ET/2 p.m. PT, giving the world a first glimpse into Facebook’s books. Several outlets have been speculating about just what is in this report.
Like the Facebook application for your mobile device? Why not go all out and invest in a Facebook phone? Bloomberg claims that Facebook is reportedly working with HTC and could release a Facebook smartphone mid-2013.