Facebook Changed Policy despite User Vote

Although the company claimed to offer its users a kind of democracy, the social network still made the changes it wanted to its policies. In defense, Facebook blamed its users for not bothering to vote on a topic which received almost no promotion from the social network.

A couple weeks ago, the company opened the polls in a bid to provide its users the chance to vote on how the social network processes people’s information, as well as a plan to get rid of the website’s policy to allow users vote in the first place. However, Facebook has now claimed that participation in the polls wasn’t high enough to reach a consensus from its users.

Facebook Sent out Vote Notifications

After the recent discussions, the social network has decided to try and calm the debates surrounding its privacy policy. Facebook gives its members a chance to vote on how they want the website to be governed.

Facebook has opened the polls in order to give its members the chance to vote on a few of proposed policy changes as to how the website is run. The changes include the guidelines on how to handle members’ information, and – ironically enough – a plan to get rid of the Facebook’s policy to allow members vote in the first place.

In fact, the proposed votes were a result of a backlash after Elliot Schrage, Vice President, Communications, Public Policy and Marketing, introduced a few changes to the social network’s policy last week.

The Promo Bay Website Banned in UK

After successfully testing out promoting platform for musicians via file-sharing, TPB officially launched The Promo Bay as a separate platform for content creators. However, in a few days, the UK’s ISPs banned the website.

The Promo Bay was started as a launching pad for new content creators and proved to be a great idea. The Promo Bay was appreciated not just by TPB’s users, but also by lots of artists who signed up in a few months. This success made The Pirate Bay to

Facebook Proposed New Data Use Policy

Last week the largest social network in the world announced its proposal for new Data Use Policy. More than 3 years ago, the company introduced a voting system, which enabled users to vote on data usage and privacy policies. While the first vote allowed the network members to vote for the proposal, the second one took place this past June. Actually, the results were surprising: only .038% of the users wanted to get involved.

In the meantime, the third and – most likely – final vote is still to come. The policy changes would allow the company to make further changes without informing the users. While those .038% that voted may be unhappy with such result, Facebook has an

Facebook Profits from Mobile Adverts

Wall Street was shocked when Facebook made an outstanding amount of money from its mobile advertising. The social network confirmed that its mobile advertising revenue increased several times within the 3rd quarter. Facebook share values grew 13% following the news.

According to the statistics, Facebook has 14% of its advertising revenue coming from mobile advertisement. Hopefully, these figures will be able to reassure the potential and current investors that Facebook is starting to realize how to make money off smartphone and tablet users.

Facebook Revealed Users’ “Likes” to Advertisers

Once again, the world’s largest social network has sailed into a new privacy storm, because it became known that Facebook was providing some of its advertisers with the information on members’ “likes”.

Local media confirmed that Facebook allowed its favored advertisers to use an internal instrument which shows them what other pages their own fans like. In other words, the “priority” advertising companies now know what films their fans like, which products they buy and what music they listen to. This was discovered by AdWeek which made it public that extra special business partners of the social network were allowed to access the instrument in question for now.

Users Accidentally Like Romney on Facebook

It seems that Facebook software is now causing a lot of defriendings, because it somehow makes liberals look like they like Republican candidate Mitt Romney.

It has been for a while now that Internet users who don’t actually like the idea of being ruled by Mitt Romney were wondering why the largest social network in the world tells everyone that they like him. The largest problem is that it is causing a purge because the friends fall out. It was a surprise for many to find out that some people didn’t actually really like this person at all.

Facebook Can Face Legal Action in Australia

The largest social network in the world is having problems with the judicial system of Australia. The troubles flared after the arrest of the individual charged with the murder and rape of Melbourne woman.

The social network was accused of stuffing up the chances of a successful prosecution and the defendant's right to a fair trial. The matter is that Facebook hosted pages inciting hatred against the accused individual. This is why Victoria’s Attorney-General had to notify Facebook that the service could face legal action in the event of failure to remove content which could jeopardize legal trials.

Facebook Shares Went Up after Zuckerberg confession

A week ago Mark Zuckerberg made an announcement, saying that he was unhappy about how the shares in Facebook had slid.

However, he was also upbeat when it came to a few troubles that Facebook was facing. Zuckerberg was especially bullish about how he had a plan to treat mobile technology. Press reports said that Wall Street was actually impressed by Zuckerberg’s performance. As a result, Facebook shares eventually went up. His half-hour talk turned out to add $6.785 billion in market valuation for Facebook, with shares going up to $22 a piece.

University of California Launched Lawsuit against Facebook

The University of California has made a decision to join Eolas Technologies to dash off writs to Facebook, Wal-Mart and the Walt Disney based around 4 patents relating to interactive technology. The patents in question include those for hypermedia display and interaction that were issued to the University of California and licensed to Eolas – a Texas-based firm chaired by Michael Doyle.

Media reports explain that Eolas Technologies was founded to help the University of California commercialize technology which based on the patents that Doyle and his team helped develop during his time of working at the University.

Facebook Will Disclose Members’ Data to Marketers

It seems that Facebook’s experiment in monetizing data harvesting moved to another level. Now the portal will open up its database to the marketers who are able to use personal data they have accrued, like phone numbers and email addresses, in order to find potential customers.

Facebook’s stipulation is that the marketer must already have some of the personal information on their records. Otherwise, Mark Zuckerberg is enabling marketing departments to hunt down clients, present or former, on the social network. The marketers will then be able to use the information to stalk people across the social network just in a week.

Facebook Co-Founder Gets Rid of his Shares

People who bought Facebook’s shares and are now disappointed with their fall have another reason to worry. Dustin Moskovitz, one of Facebook co-founders, was noticed to dump more of his shares in an attempt to get rid of them before they settle. Facebook, the largest social network in the world, has seen its share price fall and at the moment most of analysts believe that the shares will probably stop somewhere at $13 a piece.

 

 Dustin Moskovitz used to be a roommate of Facebook chief Mark Zuckerberg’s at Harvard University. However, three years ago Moskovitz left Facebook in order to work on his own start-up, workplace software-service called Asana.

Although Moskovitz has already sold a lot of his shares, the analysts report that he is still keeping up a tiny but steady flow of daily sales. For instance, only this week Moskovitz has sold around 450,000 Class A shares per $19.19-$19.22 each. In the meantime, the Dustin A. Moskovitz Trust had only 6.15 million A shares, or at least that’s what a filing with the Securities and Exchange Commission says.

Thus far, Moskovitz seems to be keeping his more than 100 million B shares that can be converted to Class A shares on a 1-to-1 basis at any time. However, Class B shares carry more voting power. This, in its turn, keeps Moskovitz involved in the company.

According to financial experts, Moskovitz has been selling around 150,000 shares a day since 19 August. As for other company’s insiders, including early backer Peter Thiel, they were noticed offloading shares before they lose their value. For instance, Thiel, who sits on the company’s board, sold 20,000,000 shares earlier in August.