Facebook halts secondary market trading to target May IPO

Facebook, the social networking giant has asked market agents to halt trading of its shares in the secondary markets by the end of this month as it prepares for its Initial Public Offering in May. This move might be indicating to Facebook’s plans of churning up an initial IPO price, line up the shareholders base and deal with all the terms set by the Securities and Exchange Commission.

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Twitter finally acknowledges the un-follow bug

If you were wondering why you were losing your precious followers on Twitter or why somehow you un-followed the people you were happily following, then the micro-blogging site now has an answer, a bug. On Wednesday Twitter acknowledged the bug in its system, with TechCrunch being the first to report the issue.

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Spotify launches 12 new apps

Having recently been valued as a $2 billion and more enterprise, Spotify launched its latest batch of 12 apps last week, taking the total number of apps on the social music server to 22. This recent release makes Spotify’s intention of making itself a complete music platform for listeners becomes more obvious to its competitors. More tie-ups with leading music labels have resulted in more branded apps than interactive ones by third party developers.

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Facebook warned employers against asking passwords from job applicants

Thrashing all the recent reports on job employers asking passwords from their employees to their private profiles on the popular social network, Facebook’s Chief Privacy Officer, Erin Egan warned companies against doing so, as such a step might lead to a legal action from Facebook. The company said it is tantamount to breaching its Statement of Rights and Responsibilities, clearly reading “you will not share your password… let anyone else access your account, or do anything that might jeopardize the security of your account.”

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Top social networks to watch out for!

More people are expanding their social lives online, leading to a number of new social networking sites popping up on the web every few months. Each new site tries to have enhanced social features appealing to people from every niche and create a diverse community on the internet.

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Facebook buys 750 patents from IBM

In a shock move, Facebook recently acquired 750 patents from IBM in an attempt to take on the long patent lawsuits filed against the social media giant from a host of companies, including the one from the mega search engine Yahoo! The deal was first reported on Thursday and the newly bought patents cover a variety of software and network technology spectrum tools. Anyone from Facebook is yet to put a price to the deal.
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Instagram now on 27 million iPhones, plans to release Android version soon

Instagram, an extremely popular mobile photo-sharing and filtering iOS app that lets users post pictures on various social networking sites like Facebook and Twitter, will soon be available on Android smartphones.

During the SXSW conference last week in Austin, Texas, Instagram’s co-founder Kevin Systrom took the stage and announced that the app now  has surpassed 27 million registered users around the globe and this will increase even more, as the company is planning to release the Android version of the app in response to the demand coming from the users of Google’s mobile operating system.  The app which was launched in October 2010, had 13 million members by the end of its first year and then saw a steep rise in the number of downloads ever since.

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New apps for Facebook Timeline

Two months ago Facebook rolled out the Timeline feature and since then many apps have been making their presence felt on the social network. On Tuesday at the SXSW conference, Facebook’s product manager Austin Haugen announced that nearly 3000 apps are available for the Timeline, gradually rising in numbers since the company made its Open Graph application platform available for users.

Haugen was keen to underline the fact that several start-ups which have already made their apps public on the Facebook Timeline have been witnessing a commendable growth rate and multiplied user engagement since. Pose has seen an approx. 500% rise in their daily sign ups, while Goodreads has seen a steep 77% rise in their daily activity. Pinterest, a hot social hang-out these days has also credited its Facebook Timeline app for increasing their on-site traffic by 60%. Continue reading “New apps for Facebook Timeline”

Startups hit the web with Pinterest inspired clones

Pinterest has taken the social media by storm and continues to strongly influence the trends we’re seeing these days across the web. Gennaro Varriale, an Italian developer in an attempt to unify his love for Pinterest and Instagram has come up with a new mash-up site, Pingram. The driving idea being, to view Instagram photos the same way one views pins on Pinterest. Continue reading “Startups hit the web with Pinterest inspired clones”

Increased productivity of ‘enhanced’ features and ads on Google+

This week Google’s Vice President for Engineering, Vic Gundotra revealed the company’s increased productivity with ‘enhanced’ ads and products on Google+. Vic was quick to jump onto indulgence figures, highlighting that the 50 million account users on Google+ actively use the company’s ‘enhanced’ products on offer on a daily basis.

In an attempt to shed away the recent ‘virtual ghost town’ image cast by the Wall Street Journal, the company boasts of Google+ as its fastest growing product with high activity on Youtube, Andorid Market and the Google search engine which in mutual association provides the users with the ultimate Google experience. Continue reading “Increased productivity of ‘enhanced’ features and ads on Google+”