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Facebook Gets Over 6,000 Data Requests From India

24Dec By NitishNo Comments

News

Facebook Gets Over 6,000 Data Requests From India

Social networking giant Facebook received 6,324 requests from Indian government agencies for 8,290 users/accounts in the first half of 2016. This is the second highest after the US, which made 23,854 requests for 38,951 users/accounts during January-June 2016, according to Facebook's Government Requests Report. Requests from India have increased, a trend seen globally as well from the previous period. Indian agencies had made 5,561 requests for 7,018 users/accounts in July-December 2015 period. Facebook said it was able to produce "some data" in 53.59 per cent of the cases in the first half of 2016, compared to just over 50 per cent in the July-December 2015 period. Government requests for account data increased by 27 per cent globally compared to the last half of 2015, increasing ...

Social Media Ads to Touch $50 Billion By 2019: Zenith

5Dec By Press Trust of IndiaNo Comments

ANALYSIS

Social Media Ads to Touch $50 Billion By 2019: Zenith

The amount of money spent on advertising on social media is set to catch up with newspaper ad revenues by 2020, a leading forecaster said on Monday. The rapid expansion of social media platforms on mobile devices, as well as faster internet connectivity and more sophisticated technology, has triggered a huge shift in the way many people get their news. Advertising agency Zenith Optimedia, owned by France's Publicis, predicts global advertising expenditure on social media will account for 20 percent of all internet advertising in 2019, hitting USD 50 billion and coming in just one percent smaller than newspaper ads. It expects social media to overtake newspapers comfortably by 2020. "Social media and online video are driving continued growth in global ad spend, despite political thr...

21Nov By reutersNo Comments

News

Facebook’s Zuckerberg Discloses Steps to Fight Fake News

Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the U.S. presidential election, is taking a series of steps to weed out hoaxes and other types of false information, chief executive Mark Zuckerberg said in a Facebook post Friday evening. Facebook has long insisted that it is a technology company and not a publisher, and rejects the idea that it should be held responsible for the content that its users circulate on the platform. Just after the election, Zuckerberg said the notion that fake or misleading news on Facebook had helped swing the election to Donald Trump was a "crazy idea." Zuckerberg then said last Saturday that more than 99 percent of what people see on Facebook is authentic, calling "only a very small amount" fa...

Facebook Sets $6 Billion Buyback; Accounting Chief to Leave

19Nov By reutersNo Comments

News

Facebook Sets $6 Billion Buyback; Accounting Chief to Leave

Social media giant Facebook on Friday set a $6 billion buyback programme for its Class A shares, beginning in the first quarter of 2017. Facebook's shares were up 1.1% at $118.24 in after-hours trading. The company had a market value of about $337 billion at close. The company also said Chief Accounting Officer Jas Athwal had resigned, effective Feb. 17. Athwal has spent nearly nine years at the company and was formerly the director of revenue at Yahoo. The company said it planned to launch a search for a replacement.

Facebook Acquired Facial Recognition Startup FacioMetrics To Challenge Snapchat

17Nov By AdityaNo Comments

ACQUISITION

Facebook Acquired Facial Recognition Startup FacioMetrics To Challenge Snapchat

Social media giant Facebook acquired facial recognition startup FacioMetrics, potentially using the technology for photo or video effects to better challenge rival Snapchat. "How people share and communicate is changing and things like masks and other effects allow people to express themselves in fun and creative ways," a Facebook spokesperson said in an email. "We're excited to welcome the FacioMetrics team who will help bring more fun effects to photos and videos and build even more engaging sharing experiences on Facebook." Silicon Valley-based Facebook did not disclose financial terms of the deal to buy FacioMetrics, which was spun out of Carnegie Mellon University in Pennsylvania. FacioMetrics was founded in 2015 and specializes in using artificial intelligence to give facial...

European Commission Suspends WhatsApp Operation Over Sharing User Data

16Nov By AdityaNo Comments

News

European Commission Suspends WhatsApp Operation Over Sharing User Data

WhatsApp has temporarily suspended giving parent company Facebook information about users in Europe for ad targeting, responding to concerns there over privacy, a source close to the matter has said. Conversations with officials in Europe over the past few months resulted in the social network deciding to only tapping into WhatsApp user data there for purposes such as fighting spam, according to the source. The break was described as an effort to give regulators time to share privacy concerns and for Facebook to consider ways to address them. German data protection authorities in September cited privacy concerns when they blocked Facebook from collecting subscriber data from WhatsApp there. "It has to be (the users') decision whether they want to connect their account with Faceboo...

Facebook Acquired Social Media Content Tracker CrowdTangle

13Nov By NitishNo Comments

ACQUISITION

Facebook Acquired Social Media Content Tracker CrowdTangle

Facebook on Friday announced it has bought startup CrowdTangle, which specializes in tracking hot content on social networks for media agencies and others. "Publishers around the world turn to CrowdTangle to surface stories that matter, measure their social performance and identify influencers," a Facebook spokesperson said in an email statement to AFP. "We are excited to work with content tracking team to deliver these, and more insights to more publishers." CrowdTangle confirmed the acquisition in a message at its website, but neither company disclosed financial terms of the deal. In its press release the company said that its technology helps identify stories picking up traction and influential sources as well as their performance on social networks. The startup claimed that...

20Oct By reutersNo Comments

News

Now You Can Order Food Through Facebook

Facebook Inc said users in the United States would be able to order food through the Facebook pages of restaurants starting on Wednesday as part of its efforts to connect users and businesses. Users will also be able to get quotes from businesses, buy movie tickets and book appointments at spas and salons, Facebook said in a blog post. Earlier this month, Facebook launched "Marketplace", a platform that allows people to buy and sell items locally. Facebook, which has about 1.7 billion monthly active users, also said on Wednesday it would add a "recommendations" feature that will allow users to share recommendations on such things as places to eat. Facebook shares were up 0.8 percent at $129.58 in early trading. What More Now You can Order From Local Business on Facebo...

Facebook Officialy Introduces New Tool For Enterprises – Workplace

10Oct By NitishNo Comments

News

Facebook Officialy Introduces New Tool For Enterprises – Workplace

The social media giant added one more tool in its kitty, which helps enterprises at work called workplace. Facebook introduced Workplace (formerly known as Facebook at Work) as a pilot project about a year and a half ago adding some big companies and startups. Starbucks, Godrej, Yes Bank, auto rickshaw aggregator Jugnoo and logistics company Delhivery are the clients for this project. Now, more than 1,000 organizations around the world use Workplace. People have created nearly 100,000 groups and the top five countries using Workplace are India, the US, Norway, UK and France. Facebook opened up Workplace for any organisation that wants to use the service, at very competitive pricing- companies will pay $3 per user for the first 1,000 monthly active users, $2 per user for 1,00...

Snapchat Parent Working on IPO Valuing Firm at $25 Billion or More: Report

7Oct By reutersNo Comments

News

Snapchat Parent Working on IPO Valuing Firm at $25 Billion or More: Report

Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter. Snap, which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late March, the Journal reported. An IPO valued at $25 billion would be significantly higher than Snapchat's most recent valuation of $17.81 billion, based on a $1.81 billion financing round in May. It would also represent the largest IPO by a technology company since Chinese e-commerce giant Alibaba Group went public in 2014. Snapchat had been talking to investment bankers about an IPO towards the end of this year or early in 2017, technology we...

Facebook Rolls Out Light Messenger App For Emerging Markets

3Oct By NitishNo Comments

News

Facebook Rolls Out Light Messenger App For Emerging Markets

Facebook Inc launched a stripped down version of its popular Messenger app for emerging markets on Monday as it seeks to expand its international footprint. Messenger Lite, which uses less data and is designed to work in areas with slower internet connections, will roll out in Kenya, Tunisia, Malaysia, Sri Lanka and Venezuela. Facebook said it will expand to other countries in the coming months. Facebook has largely saturated Western markets, including North America and Europe, and has set its sights on developing countries, in part by rolling out "lite" versions of its main Facebook app and now Messenger, which have fewer capabilities than the main apps. Users with Android phones will still be able to use the core features of Messenger, including the ability to send text messages...

Instagram Advertisers Goes Double in Six Months

23Sep By reutersNo Comments

News

Instagram Advertisers Goes Double in Six Months

Facebook Inc's Instagram said on Thursday its advertising base more than doubled to exceed 500,000 in the last six months. Instagram, the popular picture-sharing app that uses Facebook's ad technology to target highly specific audiences, has gained traction as the preferred platform used by ad agencies for social media campaigns. The app, which has more than 500 million users, also said more than 1.5 million businesses had switched to its Business Tools program in the two months since its launch earlier this year. The program allows businesses to promote posts and create custom profiles on Instagram that allows potential users to contact them by phone, e-mail or text messages. The company, which was bought by Facebook for $1 billion in 2012, is expected to generate $1.5 billion...