Technology StocksFacebook, Inc.

Previous 10 Next 10 
From: JakeStraw7/27/2017 10:43:30 AM
   of 3126
Facebook's 2017 Profitability Will Be Even Better Than Expected

Share RecommendKeepReplyMark as Last Read

From: JakeStraw7/27/2017 11:35:43 AM
4 Recommendations   of 3126
Facebook, Inc. had its price target raised by analysts at J P Morgan Chase & Co from $172.60 to $210.00. They noted that the move was a valuation call.

Facebook, Inc. had its price target raised by analysts at Oppenheimer Holdings, Inc. from $170.00 to $195.00. They now have an "outperform" rating on the stock.

Facebook, Inc. had its price target raised by analysts at Piper Jaffray Companies to $195.00. They now have a "positive" rating on the stock.

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen7/28/2017 2:59:51 PM
   of 3126
Facebook wants to help news publishers sell subscriptions, but says it doesn’t want a cut of the revenue

Mark Zuckerberg says he doesn’t want publishers’ data, either.

by Peter Kafka
Jul 27, 2017, 2:40pm EDT

Michael Brown / Getty

Facebook says it wants to help publishers sell subscriptions. But Facebook says it doesn’t want a piece of the revenue those subscriptions generate, or any of the data involved in the transaction.

Those details are emerging as Facebook talks to publishers about a subscription tool it wants to launch later this year, in conjunction with its Instant Articles program, where Facebook hosts publishers’ articles on its own mobile app.

Industry sources say that instead of operating a subscription service itself, Facebook plans on creating a paywall it would implement after non-subscribers view 10 articles a month from a particular publisher.

When users hit the 10-article limit, Facebook plans on sending users to that publisher’s site to sign up for a subscription.

Campbell Brown, the news veteran Facebook hired earlier this year as its emissary to publishers, confirmed some of Facebook’s plans via a statement: “Quality journalism costs money to produce, and we want to make sure it can thrive on Facebook. As part of our test to allow publishers in Instant Articles to implement a paywall, they will link to their own websites to process subscriptions and keep 100% of the revenue.”

Facebook’s hands-off approach to subscriptions is an evolution from earlier plans, including one to bundle multiple publications into a single subscription offering.

It also distinguishes the company from other big platforms, notably Apple, which sells digital subscriptions through its App store and its Apple News feature but takes up to 30 percent of the monthly revenue from those transactions. Apple also gets direct access to subscriber data when that happens.

Facebook’s paywall plans are part of its ongoing effort to address publishers’ complaints about the way the company uses their work, and what kind of compensation they get in return.

In January, the company launched a Facebook Journalism Project, which so far has amounted to a very long listening tour to hear publishers’ complaints/requests; when the paywall feature rolls out, it will be one of the more concrete results of Facebook’s efforts.

The subscription feature is also coming as some publishers are calling on government regulators for help gaining leverage with Facebook.

Earlier this month, a news publishers’ trade group that includes the New York Times, the Wall Street Journal and the Washington Post started asking U.S. lawmakers for an antitrust exemption, so that they could bargain collectively for better terms with Facebook and Google.

Share RecommendKeepReplyMark as Last Read

From: JakeStraw8/1/2017 12:40:19 PM
1 Recommendation   of 3126
Facebook bought an AI startup that could turn its middling virtual assistant into a Siri killer

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen8/2/2017 10:49:42 PM
   of 3126
Instagram Stories turns 1 as daily use surpasses Snapchat

by Josh Constine ( @joshconstine)
August 2, 2017

Instagram Stories has blossomed from a Snapchat clone into an integral part of the world’s largest dedicated visual communication app in the first year since its launch. Half of the businesses on Instagram produced a story in the last month, and it’s boosted the app’s average usage to 32 minutes per day for those under 25, and 24 minutes per day for those 25 and up.

If Facebook’s goal was stop Snap in its tracks, it’s largely succeeded with Instagram Stories. Snapchat’s monthly active user growth rate has plummeted from 17.2% per quarter to just 5%, while Snap’s share price has fallen from its $17 IPO to $13. Instagram Stories now has 250 million daily users compared to Snapchat’s 166 million. Instagram’s usage per day beats the “more than 30 minutes per day” of usage Snapchat claims on average now, as well as the over 30 minutes per day for under 25s and 20 minutes per day for over 25s Snap cited in its IPO filing.

[Update: News of Instagram surpassing Snapchat’s daily usage has caused Snap’s share price to sink to an all-time low aroun $12.67]

It’s clear to see why users are flocking to Instagram. It has stolen some of Snap’s primary use cases and party tricks. Instagram’s most popular augmented reality filter is the same as the Snap one it copied: virtual puppy ears. Also in the top five Instagram face filters are bunny ears at #3 and Koala ears at #5, both inspired by the meme-worthy popularity of Snap’s dog face. Meanwhile, Instagram keeps iterating with new features and sticker packs, like the one below to celebrate Instagram Stories’ first birthday.

Instagram is actually getting more efficient at copying Snapchat. While it took almost 3 years to launch its own version of Stories, Instagram needed just 4 months to copy Snapchat’s create-your-own-stickers feature launched in April.

Instagram not only copied Snapchat’s Stories, but has turned its Instagram Direct feature into a full-fledged Snapchat ephemeral private messaging competitor. By allowing people to send quick visual messages that disappear, Instagram Direct has grown to 375 million monthly users. Snap’s influence has helped Instagram’s chat feature one of the most popular messaging apps in the world behind WhatsApp, Messenger, and WeChat. Now one in five Instagram Stories posted by a business receives a Direct Message reply, allowing Instagram to seduce advertisers who want private channels for communicating with customers.

Instagram writes that “Stories made Instagram a place for people to share all of their moments – the highlights and everything in between”. If CEO Kevin Systrom set out to make Instagram an app for displaying everything fun in your life, not just the perfectly polished meals and vacations, it’s succeeded. And for better or worse, Instagram Stories has emboldened Facebook to put Stories into all its apps. WhatsApp Status has boomed to 250 million daily users, while Facebook Stories and Messenger Day are seeing weaker traction since they’re respectively redundant or obtrusive.

The flood of apps where you can post them is creating ‘Stories fatigue’ in some users like me. If the audience is fractured across five different apps and I have to go through a ton of work to post to them all, I sometimes reconsider whether it’s worth disrupting life in the present in order to show off to my friends. So while Instagram and Facebook are further popularizing the Stories format Snap invented, they may also be commoditizing it. Either way, the Snap threat is being neutralized.

Snapchat’s iconic flower crown face filter on the right, and Instagram’s good-enough


Unless Snap can pull off a big uptick in growth when it reports earnings later this quarter, it may see Wall Street sour on its future the same way it did with Twitter. But you can bet Instagram won’t let up the heat.

A year ago, it looked like Snapchat was destined to rule social media. Its full-screen sharing would be impossible to outdo. There was no way to give a more immersive window into friends’ lives. But Facebook and Instagram didn’t have to outdo Snapchat. They just needed to copy it and put it in a more convenient place in apps that people of all ages already use.

Share RecommendKeepReplyMark as Last Read

From: JakeStraw8/10/2017 12:25:27 PM
   of 3126
Facebook launches Watch tab of original video shows

Share RecommendKeepReplyMark as Last Read

From: JakeStraw8/11/2017 3:22:18 PM
   of 3126
Facebook bought a small German startup that can add and remove objects in videos

Share RecommendKeepReplyMark as Last Read

To: FUBHO who wrote (2722)8/28/2017 10:56:09 PM
From: Glenn Petersen
   of 3126
Facebook has more people than any major religion except Christianity

Michael J. Coren
August 27, 2017

The number of Facebook monthly users has surpassed the followers of Islam, and is closing in on the most numerous religion, Christianity. The Pew Research Center reports that Christianity counts 2.3 billion people among its adherents, followed by Islam with about 1.8 billion. By comparison, Facebook reports it now has 1.32 billion daily active users and 2.01 billion monthly active users as of June 2017—all supported by a staff of just 20,658 people.

Facebook CEO Mark Zuckerberg believes his platform could fill the void left behind by the decline of religious and civil communities in the US. Americans are becoming less religious, join fewer community groups, and report record low levels of trust in their fellow citizens. “That’s a lot of people who now need to find a sense of purpose and support somewhere else,” he said this June at a Chicago rally for creators of Facebook groups.

Zuckerberg has even approvingly cited religions role in society, perhaps implying a similar goal for Facebook. “People who go to church are more likely to volunteer and give to charity—not just because they’re religious, but because they’re part of a community,” he said in June. “A church doesn’t just come together. It has a pastor who cares for the well-being of their congregation, makes sure they have food and shelter. A little league team has a coach who motivates the kids and helps them hit better. Leaders set the culture, inspire us, give us a safety net, and look out for us.”

Facebook is growing at an order of magnitude faster than any established denomination. No major religion is expected to grow faster than 1.4% per year (Islam) over the next two decades, predicts Pew. Yet Facebook, despite rivaling them in size, has steadily grown its global user base by about 22% each year. Of course, Facebook’s expansion will slow as it increases in size (see the “ law of large numbers“), but even a drastic drop in this pace means Facebook users will exceed the number of Christians before the decade is out.

As it grows, Facebook has gone so far as to change its mission statement from its focus on making “the world more open and connected” to “bring[ing] the world closer together,” Zuckerberg said in an interview with CNN Tech this June. The company’s CEO has ramped up his campaign to portray Facebook as a force for harmony, rather than division, in public life after an election season which saw the social network accelerate the spread of inaccurate news and conspiracy theories. The CEO not known for public outreach announced a 50-state US tour in January to “get out and talk to more people about how they’re living, working and thinking about the future.”

Facebook already owns three of the five largest online communities in the world: its own network, WhatsApp, and Instagram. The other two, Chinese services WeChat and TenCent, have about 2 billion users between them. To fuel this growth, Facebook has gone on a relentless acquisition spree of any platform where it sees its future audience heading next. For now, that means Facebook can sustain meteoric growth while counting about a quarter of the world’s population as its users. It shows no signs of stopping.

Share RecommendKeepReplyMark as Last Read

From: Rob Phil8/29/2017 1:38:46 PM
2 Recommendations   of 3126
Facebook to reject ads from pages selling 'fake news'

Groups that repeatedly shares false stories as marked by the third party fact checkers, cannot buy ads on Facebook. This according to Facebook is 'move to disrupt the economic incentives'.

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen9/1/2017 6:53:55 AM
2 Recommendations   of 3126
After Harvey, Small Social Networks Prove Their Might

Immediate, intimate, and local social networks such as Nextdoor and Zello are proving vital to Harvey rescue efforts.

Posted on August 31, 2017, at 3:38 p.m.
Alex Kantrowitz
BuzzFeed News Reporter

The North Houston Rescue Zello Channel

On Wednesday morning, with flood waters still rising in Houston, voices bubbled inside the relatively obscure walkie-talkie app Zello, coordinating a volunteer effort to get help to those in need.

“I have an 18-foot flat bottom aluminum boat, I need to know where to go this morning," one member of the app’s 500-plus person North Houston Rescue channel told the group.

”Is there any need for a couple of jet skis and four guys?” another asked. Almost instantly and with calm precision, group administrators directed them to areas that could use their help.

In the aftermath of Hurricane Harvey — which has left thousands seeking shelter — small, locally oriented social networks like Zello are showing their strength as organizing tools. Though social networks are an imperfect substitute for rescue infrastructure, a listen into Zello, or a peek into Nextdoor (where neighbors are working to inform and help each other), or even a visit to Harvey-related Facebook groups shows why people are relying on these networks. They are focused, intensely local, and put critical information in front of the right audiences quickly with little distraction or noise.

“It’s not 911, but it’s pretty effective,” Zello CEO Bill Moore told BuzzFeed News. The app, used exactly like a Walkie Talkie, is filed with channels made up of dozens of members spread far apart, something the traditional devices cannot support.

Harvey related channels dominate Zello's Trending section

Houston volunteer organizations seem to think so too. Houston-area app opens on Zello are up 600% compared to last week, with an average session time of more than 22 minutes, Moore said. The app’s new user registration in the Houston area is up 20 times over last week.

Moore said Zello is effective because it helps people convey a sizable amount of information, along with emotion and level of urgency, quickly — so responses come fast. “It’s a higher burden but because of that it’s pretty effective and it creates a level of trust.”

Zello is working so well that some people are using Facebook to direct people to the download the app. “I am overwhelmed and can't coordinate the amount of volume of requests for is a better way... Download the Zello App,” Tricia Bell Montalbano, a Houston resident helping with the relief effort, wrote on Facebook this Monday. “There are boats and rescuers responding thru this app to help people. Please share so people know how to get people on a rescue list!!”

Houston-area residents are also flocking to neighborhood-based social app Nextdoor, using it to share updates with their neighbors and offer help. On Sunday, Houston resident Joseph Graham tweeted a screenshot from a Nextdoor community where one resident’s home was filling up with water. “A rescue is desperately needed," the resident wrote. "Have been calling for help but can't get through." Within an hour, a fellow Nextdoor member got them on a boat and they were off to safety.

"That was one of several moments that made me tear up," Graham, who lives in Houston's Historic Heights neighborhood, told BuzzFeed News. "We live in a big city, so it’s not super neighborly. When you’re online and everyone’s in need, everybody drops that big city mentality. It’s a very Houston moment, everybody dropping everything to help each other."

Taylor Darnell, a resident of Houston’s East Downtown district, told BuzzFeed News that her Nextdoor community has featured running updates on flooded streets, volunteer requests, and places to give donations. She’s solicited donations inside Nextdoor herself, for a non-profit she runs that’s providing backpacks to students impacted by the storm. Darnell, an infrequent Nextdoor user before Harvey, said she regularly checks the app before other social platforms and the news. “Everyone that you’re connecting with is in a radius where the same thing that’s happening to you is most likely happening to them,” she said. “It helps a lot.”

Nextdoor has been proactive too. The company partnered with the National Weather Service months ago to distribute weather alerts. Before Harvey hit, he NWS used Nextdoor to notify Houston-area residents of the incoming storm, sending them information to prepare for it and take action when it arrived.

Requests for updates inside Taylor Darnell's Nexdoor community

Member activity in the affected areas is five times greater than normal, Nextdoor told BuzzFeed News, and its membership in those areas is up 650%. Close to 100 local agencies are using Nextdoor to connect with residents in the affected areas, the company said.

Though Facebook is a major social platform of more than 2 billion members, its groups form individual mini-social networks of their own, operating outside the usual broadcast-style method of sharing content on the platform. And these groups have been active too, used to coordinate everything from animal rescue to boat dispatch.

Though small social networks have proven indispensable to some, they also come with risks. The hype around their utility can cause people to view them as a savior, even though they don't employ the tried and true methods of a system like 911.

There is also a risk of vigilantism. In Zello’s North Houston Rescue channel, for instance, the discussion Wednesday turned to looters after one member of the group suggested shooting them on sight. "Where are the looters located? We do have weapons on board,” one group member volunteered. Eventually, a trickle of group members insisted looters be left alone. And the topic was dropped.

“Oh, it’s used for bad, yes. Cartels, gangs, ISIS and others. Like any communications tool, it’s used for good and evil both,” Zello’s Moore said. “It’s a net positive but it’s not without risk. It doesn’t replace law.”

Lam Thuy Vo and Blake Montgomery contributed reporting to this story.

Share RecommendKeepReplyMark as Last Read
Previous 10 Next 10 

Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.