
Would you trade information on your location in exchange for free Wi-Fi access? Facebook is betting that the answer is yes.

Would you trade information on your location in exchange for free Wi-Fi access? Facebook is betting that the answer is yes.
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Facebook alerted journalists by mail — snail mail, not email — that it will debut a new product next Thursday (June 20) at its headquarters in Menlo Park, Calif.

Google confirmed reports earlier this week that it has acquired Israel-based satellite-navigation startup Waze, which had been in talks with Facebook until those discussions were reportedly tabled late last month.

Facebook Co-Founder and CEO Mark Zuckerberg may lead a company based in Menlo Park, Calif., and live in nearby Palo Alto, but he continues his involvement in fundraising for New Jersey politicians.

Reports out of Israel indicate that satellite-navigation startup Waze, which had been in talks with Facebook, will instead be acquired by Google in a transaction valued at about $1.3 billion.

Facebook announced Thursday that it is making the process of creating ads simpler and based more on objectives. The company feels that this will improve the experience not only for advertisers, but for users, as well. Users will see a more standard set of ads, and the controls given to advertisers will make it so that users see more relevant ads. Facebook detailed the company’s plans for advertising to groups of reporters in Menlo Park, Calif., and New York.

Facebook is assisting the Menlo Park (Calif.) Police Department in its establishment of a new substation in the Belle Haven neighborhood, just 0.3 miles from the social network’s headquarters.

Facebook signed a 10-year lease for 100,000 square feet at 770 Broadway in New York, nearly double its current space of 55,000 sq. ft. at 335 Madison Ave., The Wall Street Journal reported.

Facebook is becoming an important fundraising stop for politicians, with Sen. Rand Paul (R-Ky.), a potential GOP presidential candidate in 2016, launching his tour through Silicon Valley with a scheduled stop at the social network’s headquarters in Menlo Park, Calif., Thursday.

Facebook Chief Operating Officer Sheryl Sandberg managed to Lean In to a pretty prestigious list: Forbes’ The World’s 100 Most Powerful Women, where she ended up at No. 6.