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Social Media/Facebook/Tech Companies/Business Tech News

Facebook Growth to Slow

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Ever since the company was first established in 2005, Facebook has been one of the most exciting and dynamic organizations in the world. With daily users now well over 1 billion people, it has become by far the largest social media engine in the world. Facebook has been even more exciting to follow ever since it was first announced that they were going to unveil their IPO. In the five years since they first went public, the company has continued to impress investors with their continued growth. While the earnings have remained strong, a recent news article (http://www.fool.com/investing/2017/01/24/facebook-inc-earnings-how-long-can-this-monstrous.aspx) points out that the growth could slow.

 

In the third quarter of 2016, Facebook announced that its revenue jumped a very impressive 56% year over year. While these results are extremely impressive for any standard, most industry and financial experts agree that the growth in revenue should decline in coming years. The company has stated that they expect their fourth quarter year over year growth to be closer to 40%.

 

The reasons for the growth decline vary considerably, but most are attributed to the fact that the prior growth was impossible for any company to continue. While the company will not have as high year-over-year growth in the future, there is still a lot of room for growth going forward. In the coming year, the company will be unveiling a new ad program, which is sure to result in higher results for advertisers. This should ultimately result in more value per ad, which could have a huge impact on the company’s bottom line.

 

Facebook is also rumored to be venturing into other product lines, which will have an impact on the financial future of the company. The company will continue to look for ways to build upon their base social media engine, but will start producing more software, online sites, and other valuable programs that could help the company to continue to succeed. The company also plans on continuing to invest in both their human capital and infrastructure, which should lead to an improved output going forward.

Tech/Social Media/Facebook/Tech Companies/Business Tech News/Social Network

The Ever Changing Facebook

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It can be difficult to keep the creative genius going when your company has been around for such a long time. That is the dilemma that Bill Gates faced with Microsoft. That is the same thing that Mark Zuckerberg is facing now with Facebook. He has been making changes for years for years to lure new members and keep the old members happy.

 

Currently the addition of headlines for context is most recent change the people are seeing with Facebook right now. It is these type of small incremental tweaks that people can continue to expect with Facebook. This is the type of social media giant that has continued to spark change for people that are interested in seeing something new. There are so many social media sites out there. Zuckerberg and his team have a lot to consider. That is the main reason why there are so many people that are going to embrace the changes like Facebook live. That was a future that would sort of duplicate some of the creativity that started Snapchat. It has become rather obvious that the tech world is fickle with constant change. That is why Facebook is trying to stay abreast of the technology that is out there. Zuckerberg doesn’t want to mess up what has already gained the attention of a billion users, but he doesn’t want to stay stagnant either.

 

It is going to be interesting to see how Facebook lines up against the other websites that are currently on the market. There are no limitations to what Mark and his team can do because he has the money to afford all of the innovation that he desires. This is the great thing about become so successful in the social media world. People are going to give their feedback right away, and that allows Zuckerberg to go back to the drawing board. The Facebook website and app are going to be around. There are too many people with too much interest invested in their pages. That is why the website will be around for a while. Zuckerberg has worked hard to stay relevant. People are going to look at what this website has to offer, and they are going to appreciate the innovation.

Social Media/Facebook/Social Network

Zuckerberg Denies that Facebook Influenced Election

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During the past week, many people in the United States and the rest of the world were shocked to learn that Donald Trump was elected president of the United States. While Hillary Clinton seemed to be the very likely candidate due to most people’s projections, Trump ended up winning the most important swing states and the electoral college. While many are very confused as to how he ended up winning, one popular theory is that Facebook inadvertently had an impact on the election results.

 

According to a recent news article (https://www.cnet.com/news/facebook-mark-zuckerberg-fake-news-affect-election-techonomy-donald-trump-crazy/) Facebook users were inundated over the election cycle with fake news articles that went viral and could have had a negative impact on the Clinton campaign. The articles ranged from saying that prominent individual endorsed Trump to made up scandals involving the Clintons. Ultimately, all of these articles were debunked and proved to be false, but still left a lasting impact on the minds of voters. Due to these articles, many are beginning to believe that they could have had a significant impact on the ultimate results of the election.

 

While this is a theory with some people, the top officials of Facebook have repeatedly stated that this could not be the case and that the social networking site was not responsible for the election results. CEO Mark Zuckerberg went as far as saying that the theory was crazy. While the theories do exist, it does come as a surprise to many people as the website was previously criticized for making it challenging for the Republican Party to promote itself. The website had been rumored to have spent some time and effort trying to prevent conservative stories from trending and becoming viral on the website.

 

Trump and Zuckerberg had also had some public disputes. Earlier this year Trump had taken exception to the efforts of the Facebook CEO trying to change immigration rules. While the Facebook CEO viewed it as a chance to bring more talent in the USA, Trump stated that the plan would take away opportunities from US citizens.

 

Social Media/Snapchat/Spectacles

Snapchat is Bringing Even More Fun to Their Users

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Social media is always finding new and surprising ways to keep us interested in their platforms. It’s definitely not an easy task, given the short attention span of the audience as well as the steep competition. Snapchat is among the most popular social media apps today. If you’re a millennial, it’d be almost impossible for you to go out to dinner or even to a party without it ending up on the video and social sharing app. Snapchat stays pretty current when it comes to new photo and video filter releases, popular news, and even live coverage of events. They’ve come up with something even bigger for fans of the popular app, Snapchat Spectacles.

The Spectacles are in limited supply, which is heightening the intrigue and interest of the new gadget. The whole process of obtaining and using the Spectacles maintains the fun spirit that Snapchat cultivates so well. The Spectacles are sold at “Snapbot” vending machines. These are bright yellow machines with an eye in the center. These Snapbots will only be placed in remote locations such as the most recent location, Big Sur Bakery in Big Sur, California. This location was revealed by Twitter users who happened to spot the Snapbot. This secretive location sharing of the snapbot locations gives it a scavenger hunt vibe. You can go to Snapchat’s website to stay up to date on new locations. The snapbot accepts debit and credit cards and it the spectacles are $129.

So what exactly are these spectacles and how do they work? The spectacles are the first hardware product from Snapchat. Each pair of Snapchat Spectacles comes with a video camera installed into the corners of each lens. This makes for convenient hands free use. The video camera is also only compatible with the Snapchat app. You can just press a button and the video camera will begin recording. For all that the spectacles are able to do, the price is relatively affordable. Snap Inc. is definitely bringing more fun to their users, one Snapbot at a time.

 

Social Media/Twitter/Social Network

Salesforce Backs Away from Twitter

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Along with Facebook, SnapChat, and Instagram, Twitter is widely considered to be one of the most popular social networks. The social networking site is used by hundreds of millions of people, businesses, and organizations on a daily basis to make short messages, which has revolutionized the marketing industry. Due to its popularity and influence on the tech world, many people were surprised when the opportunity to buy Twitter opened up to the general public.

After Twitter announced its intent to sell, several major companies showed interest to buy the company and made very hefty bids. Some of the companies that were rumored to want to buy the company included Google and Salesforce. According to a recent news article (http://www.wsj.com/articles/twitter-shares-plunge-as-suitors-appear-to-lose-interest-1476128392), this interest may now be reducing considerably.

Last week, shares of stock for Twitter went up over 33% in just a few days after it sounded like they were coming to agreement with Salesforce for a sale of the company. The sales price seemed like a great offer, which some considered to be more than the company was worth. Salesforce initially considered the offer price as it would give them another avenue of business and greatly increase their visibility in the online world.

While the offer price appeared to be great for Twitter and its shareholders, those that are invested in Salesforce began to show concern. While shares of Twitter went up a lot, shares of Salesforce went down. Now, due to their declining stock price, Salesforce seems to have lost a lot of the interest that they once had. The company is reportedly still interested in buying Twitter, but will want a serious reduction in sales price and will likely be spending quite a bit longer to complete their diligence on the company before making any formalized decisions to move forward. Because of this news, shares of Twitter are beginning to drop once again as investors fear that the sale will not be taking place in the same timeframe as they once thought.

Social Media/Cyberbullying

A New Look At Cyberbullying

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Cyberbullying has recently been a concern for many people. However, a lot of the blame seems to be getting thrown on Twitter. While a lot of cyberbullying does go on with Twitter, it is unfair to blame the micro-blogging social media platform for this phenomenon. The fact of the matter is that bullies are bullies no matter what the platform is. Without internet and cyberbullying, there was bullying in person. There was also bullying over the phone. One thing that can be said about anything is that if there is a will, there is a way. Cyberbullying was in effect long before social media platforms became the norm.

For one thing, there were forums. Forums had a lot of flame wars. But when it comes to social media, there are efforts being made to get rid of cyberbullying. However, it should not be expected of Twitter and Facebook to abolish that. It is addressing some of the issues in ways that could reduce it. Among the ways they are considering is getting rid of faceless communication. However, even that could backfire because bullies are going to bully no matter what. One thing that could be said about the ability to hide behind anonymity can make bullies a little more bold.

While the problem is happening with Twitter, the steps taken to solve it should be intended for all platforms of online interaction. This way, people could be even safer. After all, social media does want to make sure that people are communicating and interacting in a safe environment. For one thing, this could attract more users to the communities. Social media is meant to connect people with each other and help them find ways to solve problems together as an online community. There is hope that the professionals will come up with ways to take care of the cyberbullying phenomenon. One thing that is needed is for there to be a more active enforcement of rules.

Social Media/Facebook

Location Information Not Used By Facebook to Suggest Friends

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One question that many Facebook users would like to know the answer to is whether the social media giant suggests friends based on their location. Normally, there should have been a clear answer. However, recent reports have contradicted each other, which caused a lot of confusion.

A recent report by Fusion indicated that user location data was in fact used by Facebook to suggest new friends. The possible privacy implications of such a practice were discussed as well. While it may not be much of an issue if one is around friends or coworkers, most users wouldn’t want their profile to be suggested to some odd stranger on a public bus that has been staring at them while mumbling incoherently. There was no mistake done by Fusion, as a Facebook spokesperson confirmed that location data was one of the factors used to make friend recommendations.

Facebook then quickly issued a correction and instead stated the exact opposite, meaning that location data isn’t used to suggest new friends. More explanations were given after it was brought up that Facebook had previously used city-wide location data to suggest friends to certain users in 2015. The practice was later abandoned.

Why were confusing and contradictory answers given to such a straightforward question? And how does Facebook actually recommend friends?

Facebook has responded by saying that there was some internal confusion about the limited experiment carried out last year, which has led to journalists being given inaccurate information. Their final answer is that location data isn’t used to suggest new friends at all. Instead, the people shown by Facebook will be based on a user’s mutual friends, information about work and education, contacts imported from other sources, networks that they’re part of and certain other factors. Just like the algorithm used by Google to rank web pages, the full details of how suggestions are made by Facebook isn’t something the company is likely to ever reveal.

Social Media/Linkedln

LinkedIn Launches “Premium Insights”

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Ever wondered if a potential employer recognizes your value? LinkedIn’s “Premium Insights” may be able to provide you with the answer you’re looking for. As part of its Premium subscription service, Premium Insights will narrow your search results to where you are likely to place in top 50% based on experience and skills and fastest growing companies in your industry. You can also view notable alumni from that company, where they are currently employed and whether you have some form of connection to them.

Here you can find a demonstration:
<iframe src=”https://www.youtube.com/embed/oaQ8f6Fm5EY” frameborder=”0″ allowfullscreen></iframe>
The value of this information cannot be understatated. Instead of spending hours firing endless emails and resumes into the void of the internet, you can focus on networking with companies where you will find success.

LinkedIn continues to show its commitment to its campaign to improve the job searching experience for all-not just premium-users. In December of last year, the social media platformed opened up connection data to its users. The data showed which connections dealt with specific companies as well as who they would be working with. Furthermore, job seekers could see the hiring trends of said company and the quantity of applicants hired. A study by LinkedIn showed 40% of applicants had at least one connection on the platform. This further reinforces the need to network in an efficient and effective manner and the tools provided with LinkedIn can allow you to do just that.

Technology/Social Media/Facebook

Social Media Icon’s Accounts Hacked

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Facebook founder Mark Zuckerberg has been under fire in the news lately for a surprising reason, and it isn’t what most people would expect. His lack of social media password security was uncovered after a group of hackers accessed three of his social media accounts. All three had the same password “dadada” assigned to them.

Many news reports have stated the obvious irony of the situation since Zuckerberg previously made crude jokes regarding the trusting nature of the people who use his infamous Facebook site. He even went so far as to state how “dumb” Facebook users were because of all of the personal information that they had shared with him.

A group that calls themselves “OurMine” have claimed responsibility for hacking Zuckerberg’s account, which they announced in a tweet. OurMine asked Zuckerberg to contact them to discuss his account security issues. Zuckerberg responded by denying that they ever hacked his account, so in return, they proved their hacking capabilities by changing his name on Pinterest.

Because Zuckerberg’s social media accounts all had the exact same password for them, it made them all more easily hacked. Once OurMine had one password, they could get into them all. But, what is strangest thing about the entire situation is how little the multi-million dollar social media icon uses social media himself. His three hacked accounts showed that he barely accesses them at all. So, while the hackers were attempting to gain some notoriety, their stunt came off as merely childish instead. Still, the issue of password security did bring up the importance of never using the same password for multiple accounts.

Social Media/Twitter/Spotify

Twitter Makes Another Strategic Deal with Spotify To Soundtrack Its Audio Cards.

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Tweeting will now be more fun with the new partnership between Twitter and Spotify. It is now possible to listen to 30-seconds preview songs in your timeline and moments courtesy of the new Twitter’s audio cards that now support Spotify. Twitter launched the first audio cards in 2014 with iTunes previews and later made a deal with SoundCloud. With the recent deal with Spotify, you will be able to lend your ears to something as your scroll your twitter page. Apart from listening to music as you read the tweets, you can still dock the music player in the corner of the Twitter page and keep browsing your feed as you listen to your favorite music.

This latest Twitter strategy is meant to find more opportunities to be the center of your social sharing and consumption, and music is one of the products that could give it a boost. The objective of the deal is to ensure that instead of following Spotify to listen to music, you can just wait for the app to load to listen to the tracks online.

Spotify sees the deal as an opportunity as it looks to stay ahead of Apple Music, which is growing rapidly and closing the gap between them. Spotify has an official 75 million active listeners, and 30 million paid subscribers compared to Apple Music, which has 13 million paid subscribers with just a year after the service was launched. Spotify recorded $2.18 billion in revenue in 2015 which represented 80 percent increase in a year but still recorded a loss of $194 million because of royalty fees.