Facebook originally filed a lawsuit against Power Ventures and its now-defunct Power.com site, which billed itself as a portal for users’ social media accounts, in December 2008, claiming that Power.com accessed and stored users’ login information without permission. U.S. District Judge James Ware ruled in favor of the social network in February 2012, and Thursday, Facebook was awarded more than $3 million in damages, as well as a permanent injunction against Power Ventures and its founder, Steve Vachani.
Despite continuous efforts by Facebook to curb spam, it still represents a lucrative opportunity, as Italian security researchers Andrea Stroppa and Carlo De Micheli told The Guardian spammers who post links to Facebook pages, which direct users to third-party scam sites, are earning about $200 million per year for their troubles.
According to a recent survey among 9,000 Facebook brand pages, 7 percent of all posts published are considered spammy by the users. It is Komfo – a social media marketing suite provider – who has conducted the research and it further shows that the spammy posts lead to a significant decrease of the reach of the pages.
Facebook may have reported 1.15 billion monthly active users in its second-quarter earnings report Wednesday, but as of Dec. 31, 2012, approximately 5 percent of those may have been duplicate accounts, while 1.3 percent may have been accounts that were improperly classified by users, and 0.9 percent may have been fake accounts, according to the Form 10-Q the company filed with the Securities and Exchange Commission Thursday.
Fox News Radio personality Todd Starnes claims Facebook is censoring conservatives, while the social network said its deletion of Starnes’ post over the weekend was a mistake.
ZoomSphere’s Hidden Posts Explorer Helps Users See Posts That Were Hidden, Reported As Spam By Pages
Facebook users who are curious about what types of posts get blocked by page administrators can quench their thirst for knowledge with Hidden Posts Explorer, a new tool from Facebook statistics portal ZoomSphere.
With the uproar over the National Security Agency’s Prism initiative, in which the NSA allegedly obtained direct access to the servers of Internet companies including Facebook, Google, Apple, Microsoft, Yahoo, PalTalk, Skype, and AOL, those companies are likely facing heightened scrutiny, despite firm denials by Facebook and by its co-founder and CEO, Mark Zuckerberg, of any knowledge of or participation in Prism. A few eyebrows were likely raised over the weekend, when access to Tumblr page Obama Is Checking Your Email was being blocked by the social network, but the situation has been rectified.
An Illinois woman is leading a class-action suit against Facebook, claiming that she received an unsolicited text message from the social network in February, and her lawyers are actively seeking more plaintiffs who had similar experiences.
Although Facebook’s stock value has recovered from its initial downfall to about $25 per share, one analyst sees another dip coming, largely because of the prevalence of advertising on the site. Richard Greenfield, a media and entertainment analyst for BTIG Partners, told CNBC that he is not confident about Facebook’s future on Wall Street, noting that advertising on the social network looks more like spam.