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Facebook Messenger app passes 200M users, Zuckerberg focused on ‘private content’

After Facebook acquired WhatsApp for $19 billion in February, it was clear that the social media giant saw potential on the messaging space. Facebook CEO Mark Zuckerberg spoke about that strategy today during the company’s first quarter earnings call when asked about building out Facebook’s communication ecosystem. Zuckerberg noted that Facebook has historically focused on friends and public content,… Read More

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Facebook beats Q1 expectations with $2.5B in revenue; CFO resigning

Facebook beat Wall Street’s expectations today with a Q1 revenue of $2.5 billion and an $0.34 EPS. The company also announced that CFO David Ebersman will be stepping down in June. Analysts predicted revenue somewhere between $2.36 and $2.4 billion — with EPS at about $0.24 — and Facebook certainly exceeded that, with Q1 revenue increasing 72 percent… Read More

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China’s Tencent looking to expand globally to take on Facebook, Amazon and more

Facebook, Microsoft, Amazon, Google, Twitter, Zynga and Uber all have each other to contend with, but what if a fierce new competitor were to enter to the U.S. market? Tencent may be the latest Chinese superpower eyeing global expansion, according to an article published in the May edition of Fast Company. Similar to Alibaba, which is expected… Read More

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Facebook’s new ‘Nearby Friends’ feature aims to help users connect in real life

Facebook is rolling out a “Nearby Friends” feature to its mobile app, aiming to help users get together with people they know. When two friends who both have the feature enabled come into range with one another, they’ll get a push notification that says they’re in the area. Don’t worry, it’s optional, and opt-in. The feature… Read More

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Amazon, Facebook, Google and other tech companies deploy fixes for ‘Heartbleed’ bug

Amazon Web Services has rolled out fixes for several of its online services to address the “Heartbleed” vulnerability that has roiled the Internet this week with reports that hackers can use the flaw to access account information and passwords. It’s one of many technology companies that have been scrambling to roll out updates to fix the… Read More

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A dirty cloud? Amazon and Twitter receive failing grades in ‘green Internet’ report

Facebook, Google and Apple are considered leading innovators when it comes to deploying renewable energy to power its data centers and cloud-based technologies, while Amazon and Twitter are “stuck in a dirty energy past.” That’s the latest finding from Greenpeace’s report: Clicking Clean: How Companies are Building the Green Internet. The report, released today, details how… Read More

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Oculus poaches another Valve employee, hires Michael Abrash as chief scientist

Oculus VR, the virtual reality headset technology company that was just acquired by Facebook for $2 billion, has hired another Valve employee — this time, it’s developer Michael Abrash. Less than a month after recruiting former Valve engineer Atman Binstock, Oculus announced today that it is bringing on Abrash as its new chief scientist. Abrash previously… Read More

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Zuckerberg details plans to use drones to blanket Earth with high-speed Internet

Mark Zuckerberg took to his personal Facebook page to detail plans to utilize drones, satellites and lasers to “deliver Internet to everyone.” “Our team has many of the world’s leading experts in aerospace and communications technology, including from NASA’s Jet Propulsion Lab and Ames Research Center,” Zuckerberg wrote. “Today we are also bringing on key members of… Read More

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Pew study: Half of Facebook, Twitter users find news on social media

Pew’s annual State of the Media report reveals some interesting data on the relationship between social media and digital news consumption in America. The study found that half of Facebook and Twitter users find news while on the social networks, whereas sites like Instagram, Tumbler and LinkedIn had far lower percentages. Overall, three in 10 Americans now… Read More

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Two thumbs up 2.0: How social media affects our behavior at the movie theater

Social media tools are changing the movie theater experience before, during and after seeing a flick on the big screen. Nielsen’s annual American Moviegoing report shows specifically how moviegoers are interacting with platforms like Facebook and Twitter. Before deciding which movie to see, 40 percent of those polled said they value recommendations they see posted by… Read More

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Teledesic 2.0? Facebook looking to buy solar-powered drone maker Titan to deliver Internet access from the skies

Craig McCaw’s Teledesic raised hundreds of millions of dollars in the 1990s to build low-orbiting satellites that could deliver high-speed Internet to those below. The idea fizzled, despite the involvement of the likes of Boeing and Microsoft co-founder Bill Gates. But the concept remains alive, at least in a less expensive form, in a New… Read More

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Facebook shares up 4% as Zuckerberg explains why they paid $19B for WhatsApp

Investors seemed to like what Mark Zuckerberg had to say during the Facebook CEO’s keynote at the Mobile World Congress on Monday. Facebook’s stock is up nearly four percent today following Zuckerberg’s 45-minute talk in Barcelona. The 29-year-old mostly focused on two topics during a fireside chat with journalist David Kirkpatrick: Facebook’s recent $19 billion acquisition… Read More