Facebook’s sponsored stories have seen their highs and lows, with the lowest low occurring when the ad unit became the subject of a class-action lawsuit, but sponsored stories will be history after April 9, according to a list of breaking changes to Facebook’s ads application-programming interface published on the social network’s platform roadmap.
Illinois Wednesday joined several other states around the country in the fight to keep Facebook login information private from employers. Gov. Pat Quinn signed what has become known as the “Facebook bill,” preventing employers in Illinois from asking for a worker’s password on social media sites.
Facebook page administrators will soon be able to target their posts by various criteria, with the feature reportedly rolled out to some pages already, a marketer who was briefed by a Facebook representative told sister blog Inside Facebook.
Facebook Co-Founder Dustin Moskovitz founded workplace collaboration company Asana in 2009, but the Silicon Valley startup is in the news again, having received a sizable payment from PayPal and others.
Glassdoor’s third annual Employee’s Choice Awards gives Facebook the top recognition, with its employees averaging 4.6 out of 5.0 in overall satisfaction.
While Facebook generates less than a billion a year in revenue, it’s impressive just how much use of the service costs employers each year. One company has calculated that use of social networking sites in general (of which Facebook makes up the vast majority of usage) cost employers upwards of $2.25 billion each year in lost employee productivity. It’s forcing many companies to question whether or not to ban the site all together.