Tuesday, December 24

Tag: Facebook

Facebook Reports Surge in Revenue From Ads
30Apr By PriyankaNo Comments
News

Facebook Reports Surge in Revenue From Ads

Social networking giant Facebook has announced an increase of 15 per cent in active users and as a result surge in advertising revenues as well by 57 per cent. "We had a great start to the year. We are focused on our 10-year roadmap to give everyone in the world the power to share anything they want with anyone," said founder and CEO Mark Zuckerberg. Last month, the site announced that it would be letting people order things within its chat services. People can head to the Messenger app and chat to their favourite flower or pizza company, the independent reports. Headquartered in Menlo Park, California, Facebook, Inc. held its initial public offering in February 2012 and began selling stock to the public three months later, reaching an original peak market capitalization of USD 10...
Read More
Facebook developing camera app similar to Snapchat: Report
26Apr By reutersNo Comments
News

Facebook developing camera app similar to Snapchat: Report

Facebook Inc (FB.O) is developing a stand-alone camera app, similar to disappearing photo app Snapchat, to increase user engagement, the Wall Street Journal reported, citing people familiar with the matter. The app, being developed by Facebook's "friend-sharing" team in London, is in its early stages and may never come to fruition, according to the report. (on.wsj.com/24fDRxN) The company is also planning a feature that allows a user to record video through the app to begin live streaming, the newspaper reported. Facebook declined to comment on the report.
Read More
Indian Startup Vs. US Monopoly, An Execution Without Trial !!!
8Mar By RishabhNo Comments
News

Indian Startup Vs. US Monopoly, An Execution Without Trial !!!

Facebook recently showed its anti-social behavior when it pulled down the page of Houzify, a Bangalore-based home improvement startup whose investors include T V Mohandas Pai and InMobi's Naveen Tewari - on the basis of a complaint from US-based Houzz. In a legal glitch Houzz had sent a legal notice to Houzify over trademark infringement issue. Houzify says that the Facebook Page was shut down without any notice from Facebook. Neither did they give any forewarning or called for consulting over the matter. This direct action taken by facebook came as a shock! Gunaseelan Radhakrishnan, Co-founder & CEO of Houzify, described the action as "execution without trial", while Pai said it "demonstrates the danger India and startups here face because of the monopoly of Facebook and its...
Read More
German Court Fined Facebook 100,000 Euros
1Mar By AdityaNo Comments
News

German Court Fined Facebook 100,000 Euros

A German court has fined a social networking giant Facebook for refusing to follow an order of adequately informing users about how it was using their intellectual property. The court fined Facebook 100,000 euros (USD109,000). A spokesperson for Facebook, however, said that the problem was with the timing rather than the message. "We complied with the order to clarify a single provision in our terms concerning an IP license a while ago. The court felt we did not update our terms quickly enough and has issued a fine, which we will pay," a Facebook spokesperson said. The Berlin regional court ruled that Facebook had not adequately changed the wording of a clause on intellectual property in its terms and conditions after a complaint was filed by the Federation of German Consumer O...
Read More
Facebook Co-Founder Eduardo Saverin invested in Mumbai Based Startup
29Feb By RishabhNo Comments
FUNDING

Facebook Co-Founder Eduardo Saverin invested in Mumbai Based Startup

Eduardo Saverin, co-founder of Facebook has invested $13 million (around Rs. 90 crore) in Hopscotch, a Mumbai-based online retailer in a Series C round. Hopscotch is an E-commerce service, focusing on Kids Fashion Wear. Hopscotch is the same company that secured $11 Million funding last year in a Series B round led by Saverin's Velos Partners. It is the first Indian Company in which Saverin has invested so far. (more…)
Read More
Facebook Introduces ‘Canvas’ to Empower Advertisers With More Space
27Feb By AnkitaNo Comments
News

Facebook Introduces ‘Canvas’ to Empower Advertisers With More Space

Social networking giant Facebook has introduced a new innovative product called 'Canvas which allow advertisers to combine video, still images and copy in an ad. "We're committed to building great mobile experiences for people and doing so also opens up new creative possibilities for advertisers. We've invested in engaging experiences like video and the carousel format to empower advertisers with more creative space to share their brand and products on mobile," the California based company said in a blog post. The social media giant said that the aim is to achieve any objective by giving advertisers a fully customisable space to build multimedia stories. "We made the creative community a priority when we designed and built Canvas. It's a product that represents our commitment to c...
Read More
Now, “React” When Simply Liking A Post On Facebook Is Not Enough!
25Feb By RishabhNo Comments
News

Now, “React” When Simply Liking A Post On Facebook Is Not Enough!

A lot of emotions are shared daily on Facebook. Some are the happy ones, or thought-provoking or sad or depressing. People have always been suggesting Facebook to add a button for “dislike” or do something so that people can also express them grieves. People have been looking for a mid-way between “Like” and “Comment” feature of the Facebook. (more…)
Read More
Jana The Second Largest Mobile Advertising Platform in India Raised $57million Funding
19Feb By AnkitaNo Comments
FUNDING

Jana The Second Largest Mobile Advertising Platform in India Raised $57million Funding

Many of you did not hear about this company but Jana (meaning “people” in Sanskrit) the only Facebook competitor in emerging markets regarding free Internet service raises $57million in Series C funding, led by new investor like Verizon Ventures, with participation from our existing investors, Spark Capital and Publicis Groupe. Jana mission is simple, yet ambitious: they want to make the Internet free for the next billion people. Jana known as mCent app launched in July 2014, more than 30 million users in 15 of the fastest-growing emerging markets have benefited from free, unrestricted Internet. Jana is the second largest mobile advertising platform in India next to Google and have partnered with 311 mobile operators around the world to expand their reach into new markets. Jana of...
Read More
Kanye West Asks Facebook’s Mark Zuckerberg For $1Billion For His ‘Ideas’
16Feb By reutersNo Comments
News

Kanye West Asks Facebook’s Mark Zuckerberg For $1Billion For His ‘Ideas’

Rapper and fashion designer Kanye West, who says he is $53 million in debt, has asked Facebook Inc's Chief Executive Officer Mark Zuckerberg to invest $1 billion into his "ideas." West asked his Twitter followers to urge Zuckerberg to support him. Mark Zuckerberg invest 1 billion dollars into Kanye West ideas — KANYE WEST (@kanyewest) February 14, 2016 World, please tweet, FaceTime, Facebook, instagram, whatever you gotta do to get Mark to support me… — KANYE WEST (@kanyewest) February 15, 2016 Mark, I am publicly asking you for help… — KANYE WEST (@kanyewest) February 15, 2016 The rapper also asked Alphabet Inc CEO Larry Page to help him with his financial troubles. West, who claimed he was "still 53 million dollars in personal debt," said that people do...
Read More
Kirthiga Reddy, Facebook India Head Quits
13Feb By AnkitaNo Comments
News

Kirthiga Reddy, Facebook India Head Quits

So the results of Free Basics Failure has taken the first bite and it's none other than the first employee of facebook in India and Head of Facebook India, Krithiga Reddy.  Krithiga Readdy mentioned this news on her facebook post - When my family relocated to India, we knew that we would move back to the US some day. It’s a bittersweet moment to share that the return timeframe is coming up in the next 6-12 months. Our two daughters start high school and middle school this coming year— which serves as a natural transition point to make this move back. I could not be more excited about where the Facebook business is in India, where we are going and what’s to come. Over the last six years, starting as the first employee for Facebook in India, I have had the privilege to be part of our a...
Read More
Net Neutrality: Facebook Shuts Free Basics Programme in India
11Feb By Press Trust of IndiaNo Comments
News

Net Neutrality: Facebook Shuts Free Basics Programme in India

New Delhi: In a boost to net neutrality, Facebook has decided to shut down its controversial 'Free Basics' programme in India, following telecom regulator Trai's move to bar operators from charging different rates for Internet access based on content. Facebook had met with severe criticism for its programme, which aimed at providing basic Internet access to people in partnership with telecom operators. Critics saw this as violation of the principle of net neutrality that states that entire Internet should be available to everyone on equal terms as Free Basics allowed access to selected websites. "Free Basics is no longer available to people in India," a Facebook spokesperson said in an emailed response. The service was available in India with Reliance Communications. In Decembe...
Read More