Zuck Says Ads Aren’t The Way To Monetize Messaging, WhatsApp Will Prioritize Growth Not Subscriptions Facebook won’t be throwing its advertising weight behind its new acquisition WhatsApp like it did with Instagram. But WhatsApp also won’t be focusing on rolling out the $1 a year subscription fee it currently charges in some countries. Instead, with the financial security Facebook brings, it will dedicate itself to growth. Monetization was the big topic on today’s analyst call after Facebook announced it acquired WhatsApp for a jaw-dropping total of $19 billion. That’s $4 billion in cash and $12 billion in stock, and it reserved $3 billion in restricted stock units to retain the startup’s employees. But Facebook CEO Mark Zuckerberg, CFO David Ebersman, and WhatsApp CEO Jan Koum all sai
This week marks the tenth anniversary of the inception of Mark Zuckerberg’s global social network giant Facebook. In October 2013 the Company reported financial results for the third quarter, which ended September 30, confirming its attraction of 728 million daily active users, representing a year-on-year increase of 25%. It has also built up a 1.19 billion-strong monthly active user base. However, global media reports in the beginning of 2014 speak of possible weaknesses in the social network fortress, particularly in terms of appeal to a younger demographic of users – teenagers, to be specific. In a Cnet.com report entitled Why teens are tiring of Facebook author Jennifer Van Grove states that “Facebook has become a social network that’s often too complicated, too risky, and, above al
WASHINGTON: Facebook has been hit with a class-action lawsuit alleging the social networking behemoth gleans data from purportedly private messages, in violation of users' rights. Two plaintiffs claim the site scans private correspondence between users for links to third-party websites, sharing that information with the likes of "advertisers, marketers and other data aggregators." The suit accuses Facebook of violating the Electronic Communications Privacy Act and California privacy laws. Facebook has "systematically violated consumers' privacy by reading its users' personal, private Facebook messages without their consent," said the complaint, filed December 30 in the US District Court for Northern California. "Representing to users that the content of Facebook messages is...
At no point in history has it been this easy to destroy your entire life so quickly in such few words. As the saga of InterActiveCorp PR Executive Justine Sacco on Friday showed, if you end up on the wrong side of public opinion on the internet, your reputation will be thoroughly destroyed… and you may not even have a chance to respond until its already over. A type of justice has been served, yet we should not rejoice in what has happened here – we’ve set a dangerous precedent for how people can be treated when we find their predicament to be amusing. For the rest of the world that wasn’t paying attention, what happened is quite simple: a PR executive at a powerful technology company tweeted something incredibly racist and awful before boarding a long flight. Her comment went ignored
In November 2012, I spoke to a security guard in Lagos, Nigeria about his current job. He works at a popular hotel. He is a 43 , he uses the Nokia 1100 phone and barely has access to the internet. He got his current job after working as security guard for 11 years in a popular Nigerian bank with over 5,000 employees. more