After the purchase of Oculus VR for a cool $2 Billion many people wondered what Facebook was up to. The purchase did not seem to make any sense. However, if you looked closely at some of Facebook’s other purchases and also where many big players in the market were heading it made a lot of sense. Facebook wanted to enter the world of augmented reality and had plans for a social game with an immersive user experience. Oculus VR was almost tailor made for what they wanted to do.
In line with earlier announcements, on the Facebook's F8 conference in San Francisco, Mark Zuckerberg has unveiled its new advertising service. It is a service called Audience Network, which serves to distribute ads in mobile applications from other manufacturers, all via Facebook.
Facebook went shopping once again. After the $20 billion spent on WhatsApp and Instagram, to name just a bigger acquisitions, another mobile application - Moves, will be assimilated.
Facebook bragged with the new functionality for its mobile iOS and Android apps. A new option is called "Nearby Friends" which notifies the user when the one of his Facebook friends are found nearby, all to facilitate socializing users in real life.
services, specifically in the area of electronic exchange of money between users of their networks. Facebook is reportedly waiting for the permission from the central bank of the Republic of Ireland, which would make the social network an institution for electronic payment, exchange and storage of funds modeled after the popular PayPal service in Europe.
The U.S. Federal Trade Commission approved Facebook's acquisition of WhatsApp, which was announced in February. Before finalizing the transaction, companies will have to wait for approvals from other international regulators in countries where both companies operate. However, the FTC's approval did not come without warning and instructions related to the issue that stood out as the most contentious - the protection of user data.
Instead of the more usual changing of their privacy terms once again, Facebook this time decided on a different approach and simply improve existing privacy features. They began testing three new options which will try to accomplish that. New options have been designed on the basis of nearly 4,000 daily testing that Facebook implemented in 27 different languages.
Facebook and Ericsson have announced the opening of an Innovation Lab within Facebook's Menlo Park complex in which they will jointly assist in the development of applications and services based on mobile networks.
After Facebook bought WhatsApp many users have wondered how the privacy of the messages send will now be governed. Although Facebook is not yet fully responsible for this application, a new version (2.11.169) arrives that will bring new opportunities in terms of privacy. With the new settings, you can specify who can see get the infamous “Last Seen” status, your profile photo, and your status. At WhatsApp took into account that these three options are separated, and each one can be separately adjusted.
Facebook has announced that they have reached a final agreement on the purchase of WhatsApp, a popular system for instant messaging via smartphone, for enormous figure of $16 billion in cash and stock (4 billion in cash and 12 billion in Facebook's stock). Additional three billion of US dollars in Facebook's shares will be offered to the founders of WhatsApp during the next four years after finalizing the contract.