A Year Later, Instagram Hasn’t Made a Dime. Was it Worth $1 Billion?
A picture’s worth much more than a thousand words to Facebook. Last April — a year ago today, in fact — the social media giant agreed to buy the quickly growing photo-sharing social network Instagram for a cool $1 billion (the final price, a mixture of cash and stock, was $715 million because Facebook shares tumbled before the deal was finalized). The sky-high purchase price, well above Instagram’s $500 million valuation at the time, led some to wonder if Facebook was helping to fuel another tech bubble. A year later, the jury’s still out on whether Instagram will one day reap huge profits, but the company is laying groundwork to put the monetization machine in motion. By many metrics, Instagram has had an impressive year under Facebook. The photo-sharing network had about 30 million users at the time of the buyout. Today there are more than 100 million monthly active users posting more than 40 million photos per day. The company has doubled its staff to more than 25 employees, ...
SEC Gives Companies OK to Use Social Media
WASHINGTON — The Securities and Exchange Commission will allow public companies to make significant announcements on Facebook, Twitter and other social media sites provided they alert investors which sites they intend to use. The decision announced Tuesday allows companies to use social media in place of more formal websites. The question arose after Netflix Inc. CEO Reed Hastings said on his Facebook page in July that subscribers together watched more than 1 billion hours of video for the first time during June, the agency said. (MORE: How the Great Recession Changed Our Spending Habits) An SEC rule requires that all investors receive significant company information at the same time. By allowing businesses to use more informal channels to share news with investors, the SEC is acknowledging the shift in technology that has made social media indispensable for the largest and most powerful corporations. One key requirement is that companies alert investors in press releases or regulatory ...
United Kingdom: US Lobbying On EU Data Protection Reforms - Clyde & Co
A number of publications including the Financial Times, have described how US lobbyists, many working for large technology companies such as Facebook and Google, have been seeking to curb the territorial extent of the proposed EU data protection reforms.
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Keep Your Company’s Secrets in the Digital Age
Through social sharing technologies like Facebook and Twitter, your employees may be unwittingly exposing company secrets. Even seemingly innocuous information like travel schedules or what online groups an employee joins can give competitors inside intelligence. Here’re a few ways to shield your organization from prying eyes: Assess and educate. Determine what’s important for your company to protect and make sure everyone understands what information might be sensitive. For example, a person’s list of LinkedIn connections can reveal her network, and even potential partnerships in the works. Disable geolocation. Make sure employees turn off these features so that they don’t leave footprints that show where they’re visiting and who they might be meeting with. Keep it inside. Implement and promote internal social networks that are walled off from the outside world. On these platforms, employees can talk shop without risking information leakage. Adapted from “How Not to Unwittingly ...
Messaging Apps That Are Eating Apple, Facebook
A fast-growing crowd of mobile messaging apps with funny names like WhatsApp, WeChat and KakaoTalk is rankling technology giants from Silicon Valley to Seoul.