On something of an acquisition spree at the moment, Facebook has picked up Finland-based activity tracker app Moves for an undisclosed sum.
The Facebook-backed Internet.org initiative, which aims to bring internet connectivity to the poor and underserved, announced a partnership with emerging markets carrier Airtel on Thursday that will see the Internet.org app provide free basic services to users in Zambia.
Facebook has launched a mobile advertising network that will allow it to serve adverts in third party smartphone apps. The Facebook Audience Network will support IAB banners, interstitials and native advertising. Facebook, which announced the network at its F8 developer conference this week, said that it will offer the same level of personalisation and targeting as adverts sold within its own inventory.
Developing markets operator Millicom said Thursday that Tigo customers in Tanzania will be the first consumers in East Africa to get free access to Facebook on their mobile handsets. On the back of a similar service which launched in Latin America in December 2013, Millicom and Facebook have now extended the partnership to East Africa.
OTT messaging app WhatsApp has racked up a further 50 million users since its acquisition by Facebook in mid-February. The company on Wednesday announced that half a billion people around the world are now regular, active WhatsApp users.
Facebook has been warned it risks alienating users as it seeks to grow the reach of its Facebook Messenger app as a platform for communications, content and commerce. The company has decided to remove its mobile app’s messaging capabilities in some European markets so that users have to download Facebook Messenger instead.
The Facebook-backed Internet.org initiative has revealed that it is building its first high altitude drone as part of a plan to provide connectivity to unconnected communities around the world, using satellite and free space optics.
Social media darling Facebook this week had an eye on the future as it announced the acquisition of virtual reality technology provider Oculus for a hefty $2bn. CEO Mark Zuckerberg explained that the decision to acquire Oculus was made to place the firm in a commanding position for the future, as it expects immersive virtual [...]
Facebook is set to acquire immersive virtual reality developer Oculus VR for around $2bn, as an investment for the future, when such technology is expected to become commonplace.
The telecoms industry continued its courtship of internet services firms at Barcelona this week, where industry association the GSMA unveiled a joint initiative with Facebook.
In what some have billed the largest startup acquisition in web history, Facebook on Wednesday agreed to acquire cloud-based over the top mobile messaging firm WhatsApp for an eye watering $19bn.
Facebook turned ten in early February and, like all ten year olds, it is prone to over sharing. The Informer has long lurked on Facebook, a silent voyeur struck by an often morbid curiosity to click on the banal and fatuous items in his newsfeed. And if your newsfeed looked anything like the Informer’s in early February, it was chock full of people sharing their ‘life story’—Facebook’s gift to the world after a ten-year social bender.
Telecoms trade association the GSMA has announced that it has joined the Alliance for Affordable Internet (A4AI), a coalition with 50 members, including Google, Alcatel-Lucent, Ericsson, Facebook, Intel and Microsoft, committed to bringing down the cost of internet access in developing nations.
The GSMA today announced several new speakers in the keynote programme at the upcoming 2014 GSMA Mobile World Congress, including the Founder, Chairman and CEO of Facebook, Mark Zuckerberg. The GSMA outlined other new developments for Mobile World Congress, including keynote speakers in the mPowered Industries programme, new elements for the NFC Experience and new partners in Featured Programmes.
Google, Microsoft and Facebook are among eight leading cloud and tech firms calling for sweeping reform in how US intelligence agencies gather data in bulk and restrict the ability of service providers to inform their customers on the extent and nature of government requests for such data, according to an open letter published by the group today.
There’s plenty of stuff in this world the Informer doesn’t understand and how companies that make no money can rake it in from a stock market floatation is one of them. The Twitter founders buzzed the bell at the New York Stock Exchange on Thursday and released 70 million shares to the frenzied masses. Despite opening at $26, the market closed at almost $45, with the company reflecting a market value of more than $31bn. The company’s valuation ahead of the IPO was closer to $17bn.
Social media giant Facebook has acquired Onavo, an Israeli-based startup that specialises in mobile data compression technologies, for an undisclosed sum. The company says the move will bolster its efforts to make the internet more efficient and affordable and strengthen its mobile ad platform.
facebook-bigFacebook has created an initiative—Internet.org—to bring internet connectivity to the poor and underserved, recruiting a number of telecoms industry vendors as partners. But while the new group cites the importance of mobile operators in bringing connectivity to the unconnected, there are none among the founders.
Mobile advertising delivered 41 per cent of Facebook’s total $1.6bn ad revenue for the second quarter of 2013, prompting CEO Mark Zuckerberg to say that the work done to make Facebook a mobile company is paying off.
The boards of the world’s ten largest operators are dominated by executives with legal, financial and engineering backgrounds, resulting in a conservative culture that “struggles to drive and nurture innovation”, according to recruitment consultancy European Leaders.