It appears that Nasdaq is about to be punished for its mishandling of Facebook’s initial public offering last year. However, as The Wall Street Journal reports, it’s more of a slap on the wrist than a major penalty.
Los Angeles Times
It’s no surprise that Facebook Co-Founder and CEO Mark Zuckerberg has the most tenure of anyone at the social network, but who comes in second on that list? The Los Angeles Times profiled the answer to that question: Senior Director of the Growth, Engagement, and Mobile Team Naomi Gleit.
Facebook’s relationship with major game developer Zynga has gotten complicated. The two companies have been tied at the hip for a long time, but Zynga has been trying to cut back its reliance on the social network, since Facebook takes a 30 percent cut of profits from games on its platform. Facebook also wants the entire games ecosystem to thrive, not just Zynga. So when Facebook opened the app center, it gave smaller developers — such as Kixeye — a chance to compete.
As Facebook’s value on Wall Street continues to fall, critics have wondered if the problems facing the social network are too big for Co-Founder and CEO Mark Zuckerberg to solve. The Los Angeles Times published a story Friday, asking if Zuckerberg should step aside to let someone more experienced run Facebook. NBC notes that several other critics feel similar sentiments.
Soon, Facebook users may be able to share information about what they’ve seen on Netflix. After a Vermont legislator filed an amendment Wednesday to a 1988 law, data about what movies are being watched can be shared, if the changes are approved.
Today is the most anticipated day for Facebook since the company went public May 18. The social network will release its second-quarter financial report at 5 p.m. ET/2 p.m. PT, giving the world a first glimpse into Facebook’s books. Several outlets have been speculating about just what is in this report.
For every study we see that says social media helps students, another one says it harms them. A new set of results indicates that overuse of the technology is detrimental, but Facebook can be healthy when used in moderation.