Facebook’s virtual reality transaction is now an actual reality, as the social network and immersive virtual reality technology company Oculus VR announced that the former’s roughly $2 billion deal to acquire the latter, originally announced in March, is now official.
A study Facebook conducted in 2012, along with Cornell University and the University of California-San Francisco, in which the researchers randomly selected 689,003 Facebook users and tinkered with the number of positive or negative stories that appeared in their News Feeds, has drawn quite a lot of attention over the past couple of weeks, most of it negative, and now the government is getting involved.
Facebook urged the Ninth U.S. Circuit Court of Appeals in San Francisco to uphold the $20 million settlement of a class-action lawsuit over the use of users’ images in sponsored stories, Mediapost reported, citing a filing with the court last Friday.
The Federal Trade Commission approved Facebook’s acquisition of immersive virtual reality technology company Oculus VR – maker of the Oculus Rift virtual reality headset — in a deal worth about $2 billion, which was originally announced late last month, Reuters reported.
As previously speculated, the Federal Trade Commission approved Facebook’s $19 billion acquisition of cross-platform messaging service WhatsApp, stressing that WhatsApp must honor its commitment to maintain its pre-Facebook privacy practices.
The New York Post is reporting that the Federal Trade Commission will approve Facebook’s $19 billion acquisition of cross-platform messaging company WhatsApp, which was originally announced in February.
Calling someone a jerk is rude to start off with, but launching a since-shuttered website that collected personal information from Facebook users was definitely a jerk move in the eyes of the Federal Trade Commission, as CNET reported that the FTC filed a complaint against Jerk.com Monday.
The Electronic Privacy Information Center and the Center for Digital Democracy — which filed a complaint with the Federal Trade Commission earlier this month against Facebook’s $19 billion acquisition of cross-platform messaging company WhatsApp, alleging that the privacy of current WhatsApp users will be affected by Facebook’s use of their information — filed an update with the FTC Friday, in response to a blog post by WhatsApp Co-Founder and CEO Jan Koum earlier this week.
Social-sponsorship outfit Izea announced the debut of its Sponsorship Marketplace Monday, saying that the real-time marketplace will allow brands and creators of sponsored content to team up on social networks including Facebook, Twitter, Instagram, Tumblr, YouTube, and LinkedIn.
Facebook’s $19 billion acquisition of cross-platform mobile messaging company WhatsApp, announced last month, became the target of privacy groups, as the Electronic Privacy Information Center and the Center for Digital Democracy filed a complaint with the Federal Trade Commission, alleging that the privacy of current WhatsApp users will be affected by Facebook’s use of their information.