Unlike the social network she works for, Facebook Chief Operating Officer Sheryl Sandberg is not banned in China, as she spoke in front of more than 800 people at the Cheung Kong Graduate School of Business in Beijing to promote the Chinese translation of her book, Lean In: Women, Work, and the Will to Lead.
Russian Internet company and early Facebook investor Mail.ru Group sold its remaining 14.2 million shares in the social network in July and August, netting it more than $525 million, Ryan Chilcote reported on Bloomberg Television’s “The Pulse with Guy Johnson.”
Facebook matchmaking application Bang with Friends is under scrutiny again, but this time, it’s actually for the “with Friends” part, as Words with Friends developer Zynga filed suit against the developer of Bang with Friends in federal court in San Francisco.
Facebook Chief Operating Officer Sheryl Sandberg may have clammed up about video ads on the social network during the company’s second-quarter earnings call last week, but sources close to the situation are talking, specifically to Bloomberg, and the price tag on those video ads has reportedly risen to as much as $2.5 million per day.
Many Facebook users post photos of new big-ticket purchases such as houses, boats, and cars. Unfortunately, some of those Facebook users are being less than truthful with credit bureaus and other financial firms about their incomes and assets. And those companies are starting to examine Facebook more closely, Bloomberg reports.
Facebook’s talks to potentially acquire satellite navigation startup Waze may have hit a Google-sized fork in the road, as Bloomberg reports that the search-engine giant has thrown its hat into the Israeli company’s ring.
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.