Facebook recently made its largest bug bounty payout to date — $33,500, according to ZDNet — to Brazilian computer engineer Reginaldo Silva for his discovery of a vulnerability during the social network’s usage of OpenID that had the potential of enabling a hacker to take full control of one of its servers.
It was rumored that Facebook Director Peter Thiel was going to sell some of his stock in the social network when it was possible. The rumor is now fact. CNBC reported Monday that Thiel offloaded nearly all of his shares — about 22 million of them (2 million of which were distributed to his limited partners). Microsoft also sold 20 percent of its Facebook stock, which dipped below $19 per share Monday before rallying to $20.01 at closing time. The fallen stock price has an effect on the social network’s pending Instagram acquisition, as well.
You could be posting to your news feed even when you’re not purposefully posting to your news feed. If you happened to have liked any kind of political page in your Facebook life, the page could be posting on your behalf, making for awkward moments, according to ZDNet. Facebook doesn’t see this as a problem — it’s a feature.
With Facebook Exchange, users will see more targeted ads based on what they’ve recently posted or searched for as the company tries to boost revenue. While you’re probably growing used to that, it represents a change in Facebook’s stance toward cookies.
A German court ruled in favor of of a consumer watchdog group and against Facebook, saying the social network’s friend finder violates European privacy laws.