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Congress speaks, tech investors party -- like it's 2013

Well, it took long enough.

But after finally clinching a (literally) last-minute deal to break a weeks-long deadlock over the so-called fiscal cliff, tech investors had a field day on the first day of trading for 2013.

The tech-heavy Nasdaq composite index closed up more than 3 percent on the day, led by the usual roster of big names with Google finishing at $723.25, up 2.24 percent and Apple gaining almost 3 percent to close at $548.07. Facebook, which for much of the spring and summer had been a neglected stock, continued its recent climb, finishing up … Read more

Facebook revives NYE message service after security fix

Facebook says it has patched a security hole on its New Year's Eve messaging service after an IT student in the U.K. discovered he could easily see other people's private messages.

Student and blogger Jack Jenkins, found that he could view the messages simply by changing the ID number displayed in the message's confirmation URL. The messages would show up as if he were sending the note. He could read the text, see any attached photos, and even delete the message.

According to Jenkins' blog, Facebook took down the service a few hours after he blogged … Read more

Zynga puts PetVille and more out to pasture

Say goodbye to PetVille, FishFille, Mafia Wars 2, and a slew of other games from the folks at Zynga.

The video game studio has reluctantly pulled the plug on 11 of its gaming titles, as detailed by blog site TechCrunch.

The list of casualities encompass some of the company's most popular games, most of which were playable online through Facebook and a few that were available as iOS or Android apps.

PetVille - Shut down as of yesterday. Mafia Wars 2 - Shut down to new players as of yesterday. FishVille - Shut down December 5th. Vampire Wars - … Read more

Blame holidays for Instagram slippage, AppData says

What's really behind today's reported decline in Instagram numbers? AppData -- which touched off a firestorm today when the New York Post used its data to suggest that Instagram had lost nearly a quarter of its daily users -- says that the holidays are likely to blame, rather than proposed changes to its terms of service.

"Though the terms-of-service change spurred a lot of negative media attention and complaints from users, the decline in Facebook-connected daily active users began closer to Christmas, not immediately after the proposed policy change," said Brittany Darwell, speaking on behalf of … Read more

Instagram said to lose millions of daily users -- but did it?

The number of people using Instagram daily reportedly declined sharply over Christmas, just a week after a flap over the Facebook-owned company's revised terms of service led to widespread user outrage.

As first reported by the New York Post, analytics firm AppData recorded a nearly 25 percent drop in the number of daily active Instagram users in the wake of the controversy. Instagram had 16.4 million daily active users before it announced new plans to introduce advertising into the service; seven days later, that figure had fallen to 12.4 million users by AppData's reckoning.

AppData records … Read more

Social media: Five predictions for 2013

When you think of social media these days, you probably think primarily of Facebook and Twitter, and perhaps Instagram. But while those services have massive -- and growing -- user bases, they're of course not the only games in town.

The world of social media is filled with other services, and millions of people get a daily fix without ever going near Facebook or Twitter. There are big general networks like Tagged, and plenty of smaller, purpose-built ones like Path or celebrity-focused ones like Lady Gaga's Little Monsters. There's even a revamped MySpace.

So what does 2013 … Read more

Meet the year's most-Instagrammed locations

The No. 1 place for posting photos to Instagram in 2012 has been revealed -- and somehow, it isn't a coffeeshop known for its creative latte-foam art.

The most-photographed location this year was Bangkok's Suvarnabhumi Airport, with more 100,000 photos taken there in the last year, Instagram said in a blog post.

Rounding out the top 10:

Siam Paragon shopping mall in Bangkok, Thailand Disneyland Park in Anaheim, California Times Square in New York City AT&T Park in San Francisco Los Angeles International Airport (LAX) Dodger Stadium in Los Angeles Eiffel Tower in Paris Staples … Read more

Instagram hit with proposed class-action lawsuit

Instagram's attempt to change its terms of service has inspired not only a user backlash but also-- now -- a class-action lawsuit.

The proposed terms of service were introduced last week, though Instagram has since backpedaled. The lawsuit -- filed in U.S. District Court in San Francisco on Friday and first reported by Reuters -- argues that the proposed changes would "transfer valuable property rights to Instagram while simultaneously relieving Instagram from any liability for commercially exploiting customers' photographs and artistic content, while shielding Instagram from legal liability."

Instagram is making a "grab for customer … Read more

Why startups shouldn't be afraid of Facebook cloning them

How long does it take a multibillion-dollar technology juggernaut to clone a popular social networking app? The answer: less than two weeks.

I am, of course, talking about Poke, Facebook's clone of Snapchat, the app whose messages self-destruct after 1 to 10 seconds. As many people like to point out, it's perfect for sexting, but there are a lot of other fun and innovative uses for this clever type of messaging.

For all intents and purposes, Poke is almost identical to Snapchat. Snapchat is focused on photos and videos, while Poke adds self-destructing messages and the classic Facebook … Read more