When unemployment rates spike, conventional wisdom would dictate that terms such as “unemployment,” “résumé,” or “work,” or even “LinkedIn,” would dominate searches on Google. However, according to Bloomberg, conventional wisdom did not apply, as “Facebook” was actually the most-searched term.
Are Facebook’s private messages really private? Not so much, according to a lawsuit that accuses the social network of scanning the content of private messages and sharing information about users’ Web activities with advertisers and marketers, Bloomberg reported.
The use of facial-recognition technology is a contentious one, both on Facebook and overall, and the social network is one of several companies that will assist the Department of Commerce in crafting a voluntary code for its use.
Facebook Chief Operating Officer Sheryl Sandberg took a shot at knocking down the great firewall of China during her visit to the country, meeting with State Council Information Office Director Cai Mingzhao.
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.