Mobile payment platform Bango is about to process a £6.5 million ($10.2 million) transaction of its own after announcing the closure of an investment round Friday featuring new and existing investors.
Facebook has lent its support to a child Internet safety pact signed Tuesday by the U.S. Department of Homeland Security and the European Commission. The two organizations agreed to continue to make the Internet a safer place for young people — a cause Facebook believes in, too.
Earlier this week, we learned that Facebook really likes Washington, D.C. Now Facebook is teaming up with fellow online giants Google, Amazon, and eBay to form The Internet Association, which claims that it will lobby to “advance public policy solutions that strengthen and protect an open, innovative, and free Internet.”
Just how much influence does Facebook wield over the Web? According to a study by Zyxt Labs, a lot. The Seattle-based lab studied roughly 1.3 billion URLs via Common Crawl and found that 22 percent of them reference Facebook.
Facebook hopes to grow its social influence in Asia, as the company recently announced that it invested in the Asia Pacific Gateway — a 6,214-mile underwater internet cable from Malaysia to Japan, with cables branching off to other countries.
Despite some major companies throwing their support behind advertising on Facebook, several advertisers still feel that the social network pales in comparison to the rest of the Web. According to a new study from social marketing firm 33Across, more than 70 percent of advertisers polled said they preferred to spend more than 80 percent of their focus on the rest of the Web, instead of Facebook.
The next generation Internet protocol, IPv6, is coming to Facebook a few weeks early — for developers, that is.
The “media baron” in the traditional sense is dead. The people who provide platforms for others to tell stories that reach millions of people in an instant are the new titans and the opportunity to create those platforms is equally available to all. This argument is effectively articulated in Larry Lessig’s review of The Social Network.