Facebook’s tendency to brand its new applications and features with names that are already in use in the tech sector appears to have been adopted by its Instagram unit, as well, as Andrew Benton, co-founder and CEO of mobile voice app Bolt, penned a blog post in the form of a “Dear Instagram” letter to the Facebook-owned photo- and video-sharing network over its apparent plans to launch a photo-messaging app called Bolt.
The Securities and Exchange Commission notified Facebook in May that its inquiry into the company’s initial public offering was complete, and no enforcement action would be taken, the social network reported last week in its Form 10-Q filing with the SEC.
Facebook Co-Founder and CEO Mark Zuckerberg may soon come face to face with the man who claimed to be the co-owner of the social network, as Reuters reported that Zuckerberg will be called by the government to testify in its case against Paul Ceglia.
One Facebook shareholder is not happy with the company’s compensation policy when it comes to its board of directors, and the result, according to Bloomberg, was a lawsuit filed in Delaware Chancery Court.
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.
Facebook Co-Founder and CEO Mark Zuckerberg spent more than $43 million last October to buy four homes adjacent to his residence in Palo Alto, Calif., in the interest of protecting his privacy, but he is now facing a lawsuit filed by Mircea Voskerician, a developer who planned to build on one of the lots behind Zuckerberg’s home.
Federal Wiretap Charges Vs. Facebook, Zynga Dismissed, But Facebook Still Faces Breach-Of-Contract Claims
It was a mixed bag for Facebook at the Ninth U.S. Circuit Court of Appeals in San Francisco Thursday, as Reuters reported that federal wiretap claims against the social network and game developer Zynga were dismissed, but breach-of-contract claims under California state law were revived.
The bad news continues to roll in for self-proclaimed Facebook co-owner Paul Ceglia, as U.S. District Judge Richard J. Arcara ruled Tuesday to grant Facebook’s motion to dismiss Ceglia’s lawsuit against the social network and its co-founder and CEO, Mark Zuckerberg, following the ruling by U.S. District Judge Andrew L. Carter Jr. earlier this month that Cegila must stand trial on mail fraud and wire fraud charges against him for submitting fake evidence and emails and destroying real evidence in his suit against Facebook and Zuckerberg.
When Facebook Chief Operating Officer Sheryl Sandberg left Google to join the social network in 2008, all Google employees were fair game in terms of recruitment, Sandberg said in a court filing for a lawsuit in which neither she nor Facebook are named, as reported by Bloomberg.