The Financial Industry Regulatory Authority capped the total payout by Nasdaq parent Nasdaq OMX Group to financial firms over the technical difficulties that plagued Facebook’s May 2012 initial public offering at $41.6 million, down from the $62 million the stock exchange initially set aside to compensate affected brokers, Reuters reported.
Cisco Systems CEO John Chambers said at the Interop New York 2013 conference Wednesday that it is working with Facebook to provide free Wi-Fi in public places, including hotels and retail stores, for users who login with Facebook, Reuters reported.
Well, it’s a start: Facebook, Twitter, and other sites that are currently blocked in China will be unblocked, but only in a free-trade zone the government is planning to introduce in Shanghai, Reuters reported, via the South China Morning Post.
Facebook Introduces Telco Outcome Measurement To Help Telecommunications Firms Analyze Their Ad Campaigns
Facebook continued its efforts to help advertisers move beyond existing metrics and gain a true picture of their return on investment with Thursday’s introduction of a tool designed for telecommunications carriers and operators, Telco Outcome Measurement, pointing out in a post on its Facebook for Business page that its measurement team found that 90 percent of people who made purchases after seeing ads on the social network never actually clicked on the ad, and saying the new tool is a way to bridge that gap.
Facebook’s tag suggest feature for photos has seen its share of controversy, particularly in Europe, and the social network revealed Thursday in its new data use policy that it may begin collecting users’ profile pictures for a database aimed at improving the feature.
Final Approval Granted For Facebook’s $20M Settlement Of Class-Action Lawsuit Over Users’ Images In Sponsored Stories
U.S. District Court Judge Richard Seeborg granted final approval to Facebook’s $20 million settlement of class-action lawsuit Fraley et al vs. Facebook Monday, which was filed regarding the use of users’ images in sponsored stories, wrapping up proceedings that started in 2011.
Facebook Regional Director for Europe, the Middle East, and Africa James Quarles touted the social network’s mobile growth in an interview with Reuters, saying that mobile monthly active users in June were up 18 percent in the U.S. compared with June 2012, and up 22 percent in the U.K.
Florida-based fund manager and former Oregon gubernatorial candidate Craig Berkman pleaded guilty Tuesday to defrauding investors by promising them access to nonexistent Facebook shares prior to the social network’s initial public offering in May 2012, Reuters reported.
Facebook Chief Operating Officer Sheryl Sandberg urged attendees at the Reuters Global Technology Summit in San Francisco Wednesday to judge the company by factors other than its stock price, saying that Facebook is “a much stronger company” today than it was when it went public May 18, 2012.
Although it wasn’t exactly a scientific study, a Reuters report notes that more young adults think Microsoft’s cool factor is on the rise than Facebook’s. While 50 percent of those aged 18 to 29 polled said that Microsoft is cooler now than it was a year or two ago, 42 percent felt the same about Facebook.