Inside Facebook
Inside Facebook |
- Facebook roundup: employees sell shares, anti-trust suit over Credits, Nasdaq compensation plan and more
- Facebook careers: user operations, data center construction, account management, recruiting and more
- Facebook hires search product engineer, account managers, facility engineers, market insights analysts and more
- Join Us for Inside Network’s Give Thanks Mixer
- Facebook tests ‘Pages Feed’ so fans can see all updates in separate stream
- Facebook makes privacy settings more central to new user sign-up flow
| Posted: 02 Nov 2012 05:30 PM PDT
Facebook sued over Credits - Kickflip Inc., which does business as Gambit, sued Facebook this week over claims that the social network broke antitrust laws with its Credits program. Business Week says Gambit was the leading virtual currency and payment-processing provider to social game developers. Gambit claims Facebook's decision to require Facebook Credits in 2009 destroyed a "vibrant and competitive market.” The case has been filed in federal court in Wilmington, Delaware. Facebook says the claim is “without merit.” SEC to look more closely at Nasdaq compensation plan – The U.S. Securities and Exchange Commission has said it would extend proceedings to review Nasdaq OMX’s $62 million compensation plan following the exchange’s botched handling of Facebook’s initial public offering. Brokers say they collectively lost around $500 million because of issues on the day of the IPO, including delays in orders being put through and confirmations being returned. FB underwriters spent millions to support stock on IPO day – Facebook’s underwriters may have spent about $66 million supporting the stock's price on the day of the company's initial public offering, according to a blog post by economists Thomas Eisenbach and David Lucca. The report explains how underwriters likely put in bids at $38 and $40 per share as the stock threatened to fall below the $38 offer price. This would mean underwriters spent about 40 percent of their underwriting commissions. "If this estimate is correct,” the economists say, “underwriters' reputational concerns and obligations to the firm may have outweighed their short-run profit motive.” |
| Facebook careers: user operations, data center construction, account management, recruiting and more Posted: 02 Nov 2012 01:45 PM PDT
New listings added to Facebook’s careers page:
Who else is hiring? The Inside Network Job Board presents a survey of current openings at leading companies in the industry. |
| Posted: 02 Nov 2012 01:26 PM PDT
The company appears to have filled a position for a software engineer focused on its search product. The job listing had been around since February. Facebook still has two more search-related engineering positions open. Prior listings removed from Facebook’s careers page:
Who else is hiring? The Inside Network Job Board presents a survey of current openings at leading companies in the industry. |
| Join Us for Inside Network’s Give Thanks Mixer Posted: 02 Nov 2012 12:00 PM PDT
Inside Network Happy Hours bring together app developers to connect and reconnect over drinks and casual conversation. Drinks (and food) are on us with your RSVP. Read on for full details. Who: Social and mobile industry professionals Please RSVP on Eventbrite prior to the event and join our Facebook Event Page if you plan on coming out. We hope to see you there! |
| Facebook tests ‘Pages Feed’ so fans can see all updates in separate stream Posted: 02 Nov 2012 10:35 AM PDT
This seems to be another move by Facebook to help users see more posts from pages they're interested in. As activity from users and pages increases, there is more competition for what makes it into News Feed. Facebook is regularly adjusting its algorithms to determine the best mix of content for each user. In the process, some users have complained that they're missing posts they care about and many page owners feel as though Facebook is sabotaging their marketing efforts. The Pages Feed test, along with news this week that users will soon be able to opt into receiving notifications when a page they Like makes a post, show that Facebook is looking for ways to help fans see page updates they care about without overwhelming their News Feed with every bit of activity from friends and businesses.
Users who are part of the test group can access Pages Feed via a link in the bookmarks sidebar on the left-hand side of Facebook.com, along with the Like Pages link. Having the feature does not seem to eliminate all page posts from the main feed. News Feed will likely continue to show top posts and sponsored content, but Pages Feed may serve as an unfiltered stream of page activity. Facebook said in a statement, "We're always testing new features, but have nothing further to share right now." [Update: Commenter Liam Daly points out that users can directly access Page Feed with this link.] Thank you to Lisa D. Jenkins for the tip and screenshots. |
| Facebook makes privacy settings more central to new user sign-up flow Posted: 02 Nov 2012 09:49 AM PDT Facebook has introduced additional privacy controls and education to the sign-up flow for new users, the company announced today in a note on the site. In-line privacy controls will allow new users to decide who can see their information from the moment they add it, rather than sharing things publicly by default and having to go back and change it. Facebook has also added tips throughout the process to explain what different settings mean and how some aspects of a user’s account, like the profile picture, are always public. The additional “privacy tour” walks new users through photo tagging, apps and other privacy-sensitive features.
These changes are important for Facebook to build trust among new users. When users feel confident that they can control who sees which posts and parts of their profile, they are more likely to share. The more users share, the more feedback they’re likely to receive from friends, and those Likes and comments are positive reinforcement that make users want to return to Facebook more often. When users share more, Facebook is also able to gather data that can make News Feed, ads and other aspects of Facebook more personalized and relevant.
Last year Facebook overhauled how existing users control their privacy on the site, bringing settings in-line with the content on their profiles and News Feed rather than on a dedicated privacy settings page. Users are now able to retroactively change the privacy setting of past posts and activity, as well as require pre-approval whenever they're tagged in a photo, checkin or other type of post. |
Facebook execs and board member sell some shares – With the end of an employee lockout this week, some top Facebook executives have 
Facebook added 31 new positions to its 
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