One of the chief complaints among Facebook users is that the changes to privacy controls have been far too confusing, with little effort in educating the users. Facebook’s No. 2 official — Chief Operating Officer Sheryl Sandberg — agrees. She admitted during a launch party in London for her book, Lean In, that one of the key mistakes the company has made was not explaining privacy controls better.
Wall Street Journal
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.
Facebook is continually changing its privacy settings, trying to give users more control over what they want to share and with whom. But still, even with the most stringent settings in place, personal information can find a way out. The Wall Street Journal examined how Facebook changed the lives of two gay college students, when a classmate added them to a public group for other gay choir singers at the school — an action that was shared on the students’ news feeds.
Facebook’s most valuable property is also the thing it can’t afford to sell: personal information. As Chief Operating Officer Sheryl Sandberg spoke about advertising and revenue at the IAB MIXX event Tuesday, The Wall Street Journal went deeper into the internal struggle between the value of Facebook’s treasure trove of users’ information and its promise to protect it.
As more and more middle school and high school students log onto Facebook, courts have had to reassess the definition of virtual free speech. Many younger members use Facebook to vent frustration, but when posts are aimed toward teachers and faculty members, where is the line drawn? A Minnesota court recently ruled in favor of a 12-year-old student who posted unfavorably about a school staff member on Facebook, citing that the school’s demand for her social media passwords violated First and Fourth Amendment rights.
Remember trending articles? They’re back, and bigger than ever. Facebook has been testing ways to give trending articles more prominence on news feeds and the latest incarnation is to have two trending articles stacked on top of each other. Previously, users would scroll sideways through trending articles.
Not everyone is dumping Facebook stock like dirty laundry. Netflix CEO Reed Hastings purchased roughly $1 million in shares of the social network, and Microsoft is reportedly holding onto its stake in the company.
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.
Facebook has been under scrutiny since its initial public offering regarding its ability to make money off mobile. Later this month, the company plans to offer developers and advertisers the opportunity to place targeted ads — based on what applications people use — in mobile news feeds, The Wall Street Journal reports.
Not long after General Motors pulled its $10 million advertising campaign from Facebook, the Detroit auto giant is considering connecting with the social network again, The Wall Street Journal reports.