Social network and groups

Facebook acquires Face.com for undisclosed sum

Facebook has acquired Face.com, confirming rumors that the companies were in talks.

Face.com announced the acquisition on its blog today, saying that its work with Facebook will offer it "more opportunities" to build products.

The Tel Aviv, Israel-based startup offers application programming interfaces (API) for third-party developers to incorporate Face.com's facial-recognition software into their applications. The company has released two Facebook applications: Photo Finder, which lets people find untagged pictures of themselves and their Facebook friends, and Photo Tagger, which lets people automatically bulk-tag photos on Facebook. Face.com launched its open API in … Read more

SEC spooked by Facebook's pre-IPO mobile numbers

The Securities and Exchange Commission's pre-IPO correspondence with Facebook makes it clear that the regulatory body seemed quite concerned with the impact mobile growth could have on its operation.

"Assuming that the trend towards mobile continues and your mobile monetization efforts are unsuccessful, ensure that your disclosure fully addresses the potential consequences to your revenue and financial results rather than just stating that they 'may be negatively affected,'" the SEC wrote to Facebook back in February after a review of the company's S1 Registration statement filed with the government body.

Facebook's mobile efforts have been … Read more

TwitVid renamed Telly to show off video-discovery focus

TwitVid, a service that was once considered the "TwitPic of video," has been rebranded as Telly.

The company announced the switch on its Twitter feed today, saying that it was "extremely excited to introduce you to our new name and experience." Under the new name, Telly will continue to allow users to collect and share videos with friends.

TechCrunch was first to report on the news.

TwitVid made a name for itself by allowing users to share videos over Twitter. However, the company changed things up late last year by becoming a discovery site for users … Read more

Facebook integration comes to Mountain Lion in the fall

Those looking forward to full Facebook integration in OS X Mountain Lion will have to wait a few months after its launch to get what they desire.

According to Apple, Facebook integration in its upcoming desktop operating system won't be available until this fall. The company hasn't offered up an exact date, but considering iOS 6, which also includes Facebook integration, is launching in the fall, their launches may coincide.

Facebook integration across Mountain Lion will let users post photos, links, and comments from within applications. When users are signed in to Facebook, their friends will appear in … Read more

Facebook ads are effective, says new study

Do Facebook ads influence members to buy stuff? A new ComScore study says yes.

In advance of the study's publication next week, ComScore analyst Andrew Lipsman discussed the impact of Facebook advertising, saying that "Facebook earned media is having a statistically significant positive lift on people's purchasing of a brand."

The conclusions reached by ComScore run counter to recent a Reuters/Ipsos survey claiming that most Facebook members aren't influenced to buy products and services that appear in ads or comments.

But ComScore questions the accuracy of such surveys, saying that people don't necessarily … Read more

Facebook to reveal cyberbullies who harassed woman

Facebook will comply with an order from the U.K.'s High Court to reveal the identities of cyberbullies who targeted a woman with abusive comments.

Nicola Brookes appealed to the court after she was falsely labeled a pedophile and drug dealer by fellow Facebook members who set up a fake profile page of her on the site, according to the Guardian. The abuse allegedly started after Brookes posted a comment supporting a contestant on the British TV show "X Factor."

The order, which Facebook has not yet received since it must physically be delivered in the U.… Read more

LinkedIn: We see no security breach... so far

Update 1:11 p.m. PT: LinkedIn confirms that passwords were "compromised."

So far, LinkedIn has come up empty on the password leak reported earlier today.

The company's latest tweet simply states that "our team continues to investigate, but at this time, we're still unable to confirm that any security breach has occurred. Stay tuned here."

Assuming the initial report was authentic, LinkedIn's failure to find any sign of compromise in its system doesn't jibe with the number of people on Twitter who say they've found their own hashed LinkedIn passwordsRead more

Millions of LinkedIn passwords reportedly leaked online

Update 1:08 p.m. PT: LinkedIn confirms that passwords were "compromised."

LinkedIn users could be facing yet another security problem.

A user in a Russian forum says that he has hacked and uploaded almost 6.5 million LinkedIn passwords, according to The Verge. Though his claim has yet to be confirmed, Twitter users are already reporting that they've found their hashed LinkedIn passwords on the list, security expert Per Thorsheim said.

LinkedIn revealed through its own tweet that it's looking into reports of stolen passwords, and it advised users to stay tuned for more information.… Read more

Facebook will disappear in a few years, says analyst

Will Facebook suffer the same fate as MySpace in a few years? That's what one analyst predicts.

Speaking on CNBC's "Squawk on the Street" program Monday, Eric Jackson, founder of Ironfire Capital, said that Facebook will lose its dominance as a social network in five to eight years.

In his forecast, Jackson cited Facebook's inability to crack the mobile market and the stock's 27 percent nosedive since the company's IPO.

"In five to eight years they are going to disappear in the way that Yahoo has disappeared," Jackson said. "Yahoo … Read more

Facebook 'boring'? 1 in 3 users are tuning it out

Do you spend less time on Facebook than you did six months ago? If so, you're not alone.

A recent survey of Facebook users found that 34 percent of them spend less time on the site than they did half a year ago. Why the cold shoulder?

Those among the 34 percent described Facebook as "boring," "not relevant," or "not useful." Concerns over privacy ranked third on the list.

Only 20 percent said they now spend more time on the social network, while almost half spend around the same amount of time. Among … Read more