Electronic payments startup Square dipped into Facebook’s talent pool for the second time in the past few weeks, as its new data science lead is Rong Yan, an engineering manager on the social network’s ads team for the past four years, AllThingsD reported. Facebook Ads Product Director Gokul Rajaram announced in late June that he was leaving to join Square as product engineering lead.
Are you looking for ways to take your Facebook page to the next level? Help is available. AllFacebook’s parent company, Mediabistro, is hosting a Social Media Marketing Boot Camp, an interactive online workshop that runs Oct. 18 through Dec. 13. Page managers and marketers who want to brush up on their skills or learn new tips and tricks should check out this event and register soon.
Nasdaq CEO Robert Greifeld defended the stock exchange’s plan to compensate firms affected by the technical issues that marred Facebook’s initial public offering during parent company Nasdaq OMX Group’s second-quarter earnings call Wednesday morning.
It’s more than the $13.7 million Nasdaq originally proposed, but far less than the $100 million-plus traders and investors claimed they lost due to the exchange’s handling of Facebook’s initial public offering: Nasdaq filed plans with the Securities and Exchange Commission Wednesday detailing a one-time payout of some $40 million to compensate affected firms, according to published reports.
Facebook is purchasing 750 patents from IBM in order to bolster defenses against patent infringement suits, especially the one filed by Yahoo.
Facebook accounted for barely half a percent of total online sales during the busiest day of the year for online shopping, but the site likely had a more indirect role than what statisticians might have been able to capture.