Tag Archives: Facebook
FORTUNE — Ben Silbermann can’t stop staring at the refrigerators. The Pinterest co-founder and CEO and I are standing in the break room of his company’s garage-size Palo Alto office. He’s just flown back from Austin’s SXSW interactive festival, and a redesign of his website is two days away. It’s all a little overwhelming. But at this moment his full attention is focused on three glowing refrigerators. Sometime during his brief absence, a service has delivered them fully stocked and branded with the company logo. They’re wedged into the tiny backroom behind the foosball table that three employees — roughly 15% of his workforce — are using for a conference. “I’ve been gone for one day, and it’s so upscale,” he says. “We used to just run to Costco all the time.”
While valuations for the company have gone to as high as $100 billion in private markets, an initial registration statement is all it takes to provide a much clearer picture of how Facebook’s metrics are faring.
Facebook leads in the global social networking arena, competing with the likes of Google, LinkedIn and MySpace.
The U.S. Department of Justice is defending computer hacking laws that make it a crime to use a fake name on Facebook or lie about your weight in an online dating profile at a site like Match.com.
In a statement obtained by CNET that’s scheduled to be delivered tomorrow, the Justice Department argues that it must be able to prosecute violations of Web sites’ often-ignored, always-unintelligible “terms of service” policies.
For years, the U.S. company’s dominance in the $10 billion social media industry was limited outside the English-speaking world by local copycats. Those sites are now losing traffic as Facebook’s global reach, games and music drive membership.
A study by researchers at the University of B.C. found that Facebook’s security system failed to stop a large-scale infiltration in which computer-generated fake Facebook profiles collected personal information about thousands of Facebook users.
FORTUNE — Paul Adams is one of Silicon Valley’s most wanted. He’s an intellectually minded product designer with square-framed glasses, a thick Irish accent, and a cult following of passionate techies. As one of Google’s lead social researchers, he helped dream up the big idea behind the company’s new social network, Google+: those flexible circles […]
Claims that Facebook is worth $100 billion or even just $65 billion grossly overvalue the company, say researchers who have done a simple calculation of the company’s worth. The pair of econophysicists warns that inflated value estimates for sites such as Facebook, Zynga and Twitter are signs that a social networking financial bubble is gaining steam.
“We’re at an inflection point”, eBay CEO John Donahoe said from the stage at Innovate, eBay’s brand new developer conference that launched today in San Francisco. “We’ll see more change in how consumers shop and pay in the next three years than we’ve seen in the last 15 years”.
Donahoe’s prediction for the future came as context for giving a more complete introduction today to X.commerce, the platform formed by eBay and its nest eggs PayPal, Magento and GSI — designed to create a robust, full-service and “open” eCommerce solution. The eCommerce solution “to rule them all”, one might say.