Facebook Co-Founder Eduardo Saverin cautioned that the social network’s rapid growth brings both positive and negative consequences.
Since 2010, PayPal has been one of the main methods of payment for Facebook developers. But as Facebook grows, the company is changing its PayPal policies for new developers in emerging markets, such as China, Brazil, and India. According to TechCrunch, developers in several countries must show extra identification as a means of authentication, such as photo IDs or incorporation papers, in order to be paid via direct deposit.
A study of Facebook usage in Singapore by social media marketing firm Rock Publicity projected that more than two-thirds of the country’s population will use the social network by 2013, and average usage levels will increase.
It’s well-known that more people are accessing Facebook on mobile devices, and the trend is definitely not lost among the site’s younger users. According to a study from Macquarie Research, 56 percent of users between ages 15 and 25 surveyed said they check Facebook from their phones, up from 24 percent last year. Macquarie feels that this could rise to 70 percent next year.
Back in July, we wrote about ecommerce site Limited Run, which shuttered its Limited Pressing Facebook page, claiming that 80 percent of click-throughs to its page from Facebook were initiated by bots, according to a page logger that it built when it found that only 20 percent of click-throughs were actually arriving at its site. Online advertising firm Solve Media took a closer look at the issue of bots and uncovered some alarming statistics.
Facebook Co-Founder Eduardo Saverin is making himself at home in his new country, having reached No. 8 on Forbes’ list of Singapore’s richest people.
What do Chicago’s Wrigley Field, Avenue des Champs-Élysées in Paris, and T.G.I. Friday’s in Oslo, Norway, have in common? They were all the top destinations in their respective cities in terms of check-ins on third-party applications using Facebook’s application-programming interface since its August 2010 launch, according to a new post from the social network, Social Landmarks Around the World.
Do you remember all that tax money Facebook Co-Founder Eduardo Saverin was set to save on Facebook’s initial public offering by renouncing his U.S. citizenship and establishing residency in Singapore? Not so fast, said Sens. Charles Schumer (D-N.Y.) and Bob Casey (D-Pa.).
Facebook Co-Founder Eduardo Saverin is no longer a U.S. citizen, and that move may save him millions of dollars in taxes once the social network’s initial public offering takes place, slated for next Friday.