Myriad reports have said that Facebook has a problem with teen users eschewing the site for social networks such as Tumblr. A few sources have reported Friday that Yahoo may be trying to purchase Tumblr, but Facebook could also be in these discussions, as well. According to AllThingsD, Yahoo is rumored to be willing to pay up to $1 billion to purchase Tumblr, but Forbes and GigaOM think that Facebook could swoop in and add the blogging site. However, it’s unlikely that Facebook will get the chance.
Ted Ullyot, who has been Facebook’s general counsel since 2008, is leaving the company. Facebook confirmed Ullyot’s departure with AllFacebook. Ullyot defended Facebook during its legal battles with the Winklevoss twins, and has seen Facebook grow from 500 users to 1 billion.
The revolving door of engineers leaving Facebook continues to spin, as Silicon Valley venture-capital firm Draper Fisher Jurvetson announced that the social network’s head of product for Android, Bubba Murarka, was named a general partner and managing director.
Facebook is in some great company right now, with Amazon, eBay, and Yahoo, on the Fortune 500 list. Fortune announced that the social network cracked the prestigious list for the first time, coming in at No. 482 — 12 spots ahead of Yahoo.
FWD.us, the political advocacy group spearheaded by Facebook Co-Founder and CEO Mark Zuckerberg, added some tech muscle, as Microsoft Co-Founder and Non-Executive Chairman Bill Gates, Microsoft CEO Steve Ballmer, Microsoft General Counsel and Executive Vice President Brad Smith, and former Facebook President Sean Parker joined the group.
No, I didn’t receive an email from Princess Zuckerberg asking me to save her family fortune from the hands of the rebel forces. This is not the typical Nigerian 419 scam. In this version, Facebook is unknowingly misleading its advertisers about its vaunted targeting abilities. If you buy ads targeting the U.S., it is now very likely that you are getting traffic from Nigeria and other parts of Africa, as well.
Social rich-media advertising platform Moontoast announced the hires of a vice president of engineering and a sales director for New York.