On Monday, the British monarchy got even more modern, when its page on the popular social networking site went live. The page, called “The British Monarchy,” will provide updates on the royal family’s activities and upcoming schedule. It has 113,000 “likes” so far, and more coming fast.
Inside these posts: Social media
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Facebook says apps shared user data, promises fix
Facebook said some of its applications violated the social networking company’s policies against sharing user information, and promised to fix the problem.
Most transfers of information to other companies were inadvertent, Facebook Vice President Marne Levine wrote in a letter released on Wednesday and dated October 29.
Levine in the letter said Facebook would fix the problem. Get the full story »
Facebook, Amazon launch $250M startup fund
Betting that the future of the Web is in social apps and services, venture capital firm Kleiner Perkins Caufield & Byers, along with Amazon, Facebook and Zynga are launching a $250 million fund to help such startups grow. Get the full story »
State incentives help Groupon add 250 jobs in Ill.
Groupon will receive $3.5 million in tax breaks and job training assistance in a state incentive package aimed at helping the fast-growing company create 250 jobs in Chicago rather than expand in other states.
The company allows nearly 25 million consumers to get discounts through group buying power over the internet. Groupon has grown from seven employees to 900 in Chicago over two years, with 2,500 workers worldwide. Get the full story »
Facebook apps like FarmVille share private info
Many of the most popular applications, or “apps,” on the social-networking site Facebook Inc. have been transmitting identifying information — in effect, providing access to people’s names and, in some cases, their friends’ names — to dozens of advertising and Internet tracking companies, a Wall Street Journal investigation has found.
The issue affects tens of millions of Facebook app users, including people who set their profiles to be completely private. The practice breaks Facebook’s rules, and renews questions about its ability to keep identifiable information about its users’ activities secure. Get the full story »
Gap goes back to old logo after backlash
The Gap is reverting to its classic logo after a new logo it debuted on its Web site ignited a customer backlash. The apparel maker, famous for its chinos and jeans, said late Monday that it would no longer be using the new logo and was going back to its original. Get the full story »
Prosecutor: Facebook, Twitter used in stock fraud
Facebook and Twitter social networking sites were used to tout stocks in a classic “pump and dump” fraud of about $7 million that was uncovered during a cocaine-trafficking probe, U.S. prosecutors said on Tuesday. Get the full story »
Ex-Chicagoan Costolo to take over at Twitter
Former Chicagoan Dick Costolo has been elevated to chief executive of Twitter, where he had been chief operating officer for the last year.
Twitter co-founder Evan Williams, who had been CEO of the microblogging service since 2008, announced the change Monday on the company’s official blog. Williams said he’s staying with Twitter and will “be completely focused on product strategy.” Get the full story »
Facebook splitting shares 5-to-1
Facebook, the world’s No.1 Internet social network, is splitting shares in the privately held company. A Facebook spokesman told Reuters on Friday that Facebook will enact a 5-for-1 split of the company’s shares, marking the third time Facebook has split its shares in its six-year history. Get the full story »
Facebook, Skype may link services
Social network giant Facebook Inc. and Internet telephone leader Skype SA are in talks to mesh their communications services more closely together, a person familiar with the situation said Wednesday.
Under the partnership, expected to be announced within the next few weeks, Facebook users will be able to sign into Skype through their Facebook Connect accounts. Those users will be able to text message, voice chat and video chat with their Facebook friends from within Skype. Get the full story »
Facebook Web site suffers service disruption
Facebook, the world’s No. 1 Internet social network, experienced technical difficulties Thursday that made its website slow or inaccessible to some of its 500 million users. Get the full story »
MySpace expects to lose users in redesign
The MySpace redesign set to launch in mid-October may be so jarring that the social networking site could lose members at first. That’s according to Jon Miller, the chief digital officer of MySpace parent company News Corp. Get the full story »
Yahoo revamps e-mail, shows new products
Yahoo Inc., aiming to reverse the slide in time that people spend on its Web sites, previewed updates to several advertising and consumer products on Thursday, including a revamp of its e-mail service and additional features in its search engine.
At an event at Yahoo’s Sunnyvale, Calif., headquarters, Chief Product Officer Blake Irving laid out a three-year vision for Yahoo as an “innovative technology company with the largest digital media content and communications business in the world.” Get the full story »
Twitter redesign adds video, photos, 2 panes
Microblogging site Twitter, which is now signing up 370,000 new users daily on average, is redesigning its Web site to make it easier for its millions of users to navigate the service and discover new information.
The four-year-old company, which this month reported more than 145 million users, announced on Tuesday new improvements, such as embedded YouTube videos and other content, which is featured in a new two-pane layout. Get the full story »
GM testing audio Facebook updates in cars
General Motors Co. is testing software that would let drivers talk to their cars to update status messages on the Facebook social media Web site, as well as listen to Facebook messages, the company said Wednesday. Get the full story »