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"Social Media & Tech News" Category
If the Social Networks were Cars
Facebook Friendshake: Find Friends Nearby
Facebook added a new feature to the mobile functionality, which helps users to find friends and other people by location.
Its original name is “Friendshake“, but the abbreviation specified in the URL (http://fb.com/ffn) means “find friends nearby“.
Facebook Salaries Statistics
Facebook is one of the Silicon Valley companies, which pays the highest salaries to the employees. Even Software Engineering Interns of the social network, can be paid more than $ 74 thousand per year, while the salary of the lead software engineer – $ 132 thousand.
In the Glassdoor.com ranking, where employees of the American corporations anonymously publish the amount of their salaries, Facebook is on the third position in the list of the companies, which are considered to be the most successful place for employment. Google is on the 5, and Apple – 7.
As it is in the most of technology companies, software engineers – are the most highly paid employees in the Facebook.
Facebook salary of the Senior Developer is about $ 132.5 thousand per year.
Facebook Buys Facial Recognition Company Face.com
Back in 2010 Facebook released Automatic Facial Recognition feature and now the social network acquires facial recognition startup Face.com.
Face.com was founded just three years ago and already provided some face recognition technology to Facebook. According to the Financial Times, the amount of the deal can be estimated in the tens of millions of dollars. The mass media called the sum of $ 80-100 million.
Facebook Integration With Apple
On Monday Scott Forstall announced integration of Facebook into the iOS 6 and OSX Mountain Lion operating systems at the Apple Worldwide Developers Conference in San Francisco.
NASDAQ Offers $40 Million for Facebook IPO Glitches
As we reported before NASDAQ Will Compensate Facebook IPO Issues, now we know the amount: NASDAQ agrees to pay $ 40 million compensation for the trader’s losses caused by software issues during the Facebook initial public offering.
Nasdaq CEO Robert Greifeld apologized for the problems encountered on May 18.
Facebook App Center Started
We already mentioned that Facebook plans to open “App Center”, today it is online. Facebook offered application developers an easy access to the 900 million users audience of the social network. With the help of “App Center“, they can create pages with description and links to their applications on popular services – Apple App Store and Google Play.
NASDAQ Will Compensate Facebook IPO Issues
NASDAQ is ready to pay out compensation to the investors affected by the issues on the Stock Exchange while Facebook’s initial public offering.
NASDAQ mentioned $ 13.4 million compensation amout, but this is clearly not enough: investors estimate their losses from the glitches on the Stock Exchange at about $ 120 million. Total loss is even higher: Facebook’s capitalization fell down more than $ 50 billion after the IPO.
Facebook Minus Quarter
On Tuesday the price of the shares on NASDAQ stock market fell below $ 30 per share – the price dropped another 9.62% down to $ 28.84. The Facebook company value fell by 24%, to $ 61.66 billion since the Facebook IPO on May 18. Investors start talking about “bubble effect” of the social network and that the real level is $ 25 per share.
Facebook IPO Failure
Facebook IPO scandals continue. Banks – co-organizers of the IPO (Goldman Sachs and JP Morgan) allowed short sell operations for their customers, which also affected Facebook shares fall, reported The Wall Street Journal (WSJ).
They played not only against the Facebook shares investors, but also against the leading underwriter of the IPO – Morgan Stanley, which tried to hold Facebook shares price on the first day of the IPO. Private investors began to take revenge on the social network, without waiting for court decisions: on Friday, someone flooded the article about Facebook in Wikipedia with pornographic images.
Let’s remind that Facebook IPO took place on May 18 with complications on NASDAQ, and Facebook shares quotes started to fall down after the first day of trading. The Friday’s quote is as follows: 31.91$ – 16% lower than the initial offering price.
