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Facebook will stream ‘Casablanca’ Wednesday for 70th anniversary
The stars of much-loved classic film “Casablanca” may always have Paris, but on Wednesday they will have Facebook. The legendary black-and-white film starring Humphrey Bogart and Ingrid Berman will be streamed free at Facebook in the United States to celebrate the release of a 70th anniversary edition by Warner Home…
General Motors plans to pull Facebook ads due to lack of impact
General Motors plans to stop advertising on Facebook because it determined paid ads had little impact on consumers, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The news comes at a bad time for Facebook, which is expected to launch an initial public stock offering Friday…
Facebook raises public offering price after being ‘swamped’ with requests
Facebook has raised its initial public offering price to between $34 and $38 a share after being “swamped” with requests, confounding sceptics who say the social network is overvalued. The new price range is comfortably above the previous guide of $28 to $35, and confirms Facebook’s place in the history…
Facebook fervor fierce ahead of IPO
Facebook frenzy is spreading ahead of the company’s big-time stock market debut, with anything from Mark Zuckerberg’s hoodie to the billion-dollar buy of Instagram sparking controversy. Speculation about the promise or pitfalls of owning a piece of the world’s leading social network was so feverish by the weekend that one report contended there was too much demand…
Social media’s impact on kids ‘merits big debate’
WASHINGTON — Facebook’s big stock offering on Wall Street must be followed by an intensive debate on Main Street about social media’s powerful impact on children, an expert on the topic says. Jim Steyer, founder of Common Sense Media, a San Francisco think tank focusing on media and families, said…
Facebook rolls out cloud storage for users
Facebook is slowly moving into the cloud. The social networking giant confirmed Friday it was rolling out a storage service for users, creeping into the territory of Dropbox, Google and others, which offer free or paid storage of files that can be accessed from a variety of devices. The move…
Facebook’s purchase of Instagram triggers FTC probe
Facebook’s billion-dollar deal to buy the startup behind photo-sharing smartphone application Instagram has evidently caught the eye of US regulators. The hefty price tag qualified it for a review by the US Federal Trade Commission (FTC), which remained mum on the subject despite a Financial Times report on Thursday saying…
Facebook store to roll out first paid apps
Cross-platform store will take user ratings into account when deciding whether to list apps Facebook is getting into the app store game, announcing an initiative called App Center which it claims will help developers get their social web and mobile applications discovered by more people. The App Center will spotlight…
U.S. regulators urge online ‘do not track’ law
WASHINGTON — A top US regulator urged Congress Wednesday to enact an online privacy law that includes “do not track” mechanisms for consumers on the Internet, amid indications of a split among lawmakers. “Most consumers are entirely unaware of the vast amounts of data about them being sold and collected…
Attorney: Judge’s landmark Facebook ruling means ‘Big employer is watching’
A federal judge’s recent decision to exclude the Facebook “like” from free speech protections means that workers who also use the world’s largest social network should now just assume that “Big employer is watching,” and act accordingly, an author and labor law expert told Raw Story recently. If upheld, the U.S.…
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