Myriad reports have said that Facebook has a problem with teen users eschewing the site for social networks such as Tumblr. A few sources have reported Friday that Yahoo may be trying to purchase Tumblr, but Facebook could also be in these discussions, as well. According to AllThingsD, Yahoo is rumored to be willing to pay up to $1 billion to purchase Tumblr, but Forbes and GigaOM think that Facebook could swoop in and add the blogging site. However, it’s unlikely that Facebook will get the chance.
Facebook will announce Wednesday afternoon how well it did financially in the first quarter of this fiscal year. The company has been aggressive about rolling out ad products, and it deepened its relationship with firms such as Datalogix to give advertisers better purchasing data. Let’s take a look at what others think ahead of Wednesday’s earnings call.
Craig Berkman, a finance manager in Florida and former Oregon gubernatorial candidate, was hit with fraud charges by the Securities and Exchange Commission’s enforcement division over what regulators called a Ponzi-like scheme that promised but never delivered pre-initial public offering shares of Facebook and other companies.
Although Facebook Co-Founder and CEO Mark Zuckerberg is still the second-youngest billionaire in the world (to fellow Co-Founder Dustin Moskovitz), he plummeted on Forbes‘ list of the richest people in the world. Zuckerberg went from No. 35 in 2012 to No. 66 this year, according to figures released by Forbes Monday.
Since Facebook went public earlier this year, it’s been a rough time for Co-Founder and CEO Mark Zuckerberg’s bank account. As his net worth has declined, Zuckerberg has fallen from 14th to 36th on Forbes‘ list of the wealthiest Americans. But don’t shed too many tears: He’s still worth $9.4 billion.
Facebook has made quite the flurry of acquisitions lately. Last week, the social network acquired Threadsy. The word on Wednesday is that Facebook could consider purchasing Waze, developer of a well-liked, free, community-based traffic-nav app. Waze has nearly 6,200 users talking about it and the app has garnered 126,000 likes.
When Facebook first launched and opened up to college students throughout the country, you were considered cool if you had access to the social network. Now that it is free for anyone around the world to use, you might be considered suspicious or a sociopath if you don’t have a Facebook account.