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.
Facebook’s $1 billion deal to acquire Instagram was actually a $715 million deal to acquire Instagram, as the social network’s slumping stock price lowered the value of the major component of the deal for the photo-sharing application, Facebook revealed in its 10-Q filing with the Securities and Exchange Commission.
Concerns about personal information collected by Facebook applications still linger despite efforts by the social network and developers to educate users on what data they collect and how they use it, and a new infographic from BackgroundCheck.org lists some surprising names among its worst offenders.
Facebook’s hunger for juicy startup morsels is somewhat insatiable, gauging its recent merger-and-acquisition activity. But when it goes in for the kill, it’s typically for one reason and one reason alone: acquisition of talent, lest they become threats.
The social rumor mill is abuzz with predictions on what Facebook plans to do with the newest member of its family, Glancee — especially since this mobile acquisition has brainpower to boot in areas where the social network has failed in the past.