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Facebook Strategy
Facebook is investing strongly in video and disappearing "stories" rather than its news feed, as the social network reaches saturation point in the U.S. and Europe, where advertising is most lucrative. Having set low expectations for Q3 and Q4 earlier this year, Facebook missed analyst estimates on revenue and user numbers. Still, investors seemed OK with its 33% jump in Q3 revenue and year-on-year user growth of 10%—shares were up 3.1% in extended trading. Bloomberg
Facebook is investing strongly in video and disappearing "stories" rather than its news feed, as the social network reaches saturation point in the U.S. and Europe, where advertising is most lucrative. Having set low expectations for Q3 and Q4 earlier this year, Facebook missed analyst estimates on revenue and user numbers. Still, investors seemed OK with its 33% jump in Q3 revenue and year-on-year user growth of 10%—shares were up 3.1% in extended trading. Bloomberg
Facebook opens its first small biz pop-up stores inside Macy’s
Facebook is bursting out of the ones and zeros into the physical realm with nine brick-and-mortar pop-up stores that will show off goods from 100 small business and online brands. The merchants will be part of The Market @ Macy’s, which launched earlier this year to create temporary spaces for businesses. (TechCrunch)
Palmer Luckey
When Facebook got rid of Oculus Rift designer Palmer Luckey, the reason was never made clear. Mark Zuckerberg denied it had anything to do with politics. But a new Wall Street Journal piece claims it was because of Luckey's support for Donald Trump in his race against Hillary Clinton. The article also alleges that Zuckerberg pressured Luckey to voice support for libertarian candidate Gary Johnson. WSJ
When Facebook got rid of Oculus Rift designer Palmer Luckey, the reason was never made clear. Mark Zuckerberg denied it had anything to do with politics. But a new Wall Street Journal piece claims it was because of Luckey's support for Donald Trump in his race against Hillary Clinton. The article also alleges that Zuckerberg pressured Luckey to voice support for libertarian candidate Gary Johnson. WSJ
hey some people don't like baking cakes for others
TrendSpider_Jake
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A huge piercing line candle forming right at the bottom of the price channel we have been watching for the last few weeks. Continuation into tomorrow?
Small businesses hold key to Facebook's ad business
A lot of power in Facebook's ad business lies the in the hands of small and medium size businesses, which make up the vast majority of the 6 million total advertisers on the platform. (CNBC)
Facebook Probe
British lawmakers have taken the unusual step of seizing Facebook documents that they believe will aid them in their Cambridge Analytica enquiry. A U.S. businessman whose company, Six4Three, is suing the social network in that country entered the U.K. with documents he had won in that suit, only to have Parliamentary officials force him to turn them over. The documents apparently detail how Facebook deals with user data. Fortune
British lawmakers have taken the unusual step of seizing Facebook documents that they believe will aid them in their Cambridge Analytica enquiry. A U.S. businessman whose company, Six4Three, is suing the social network in that country entered the U.K. with documents he had won in that suit, only to have Parliamentary officials force him to turn them over. The documents apparently detail how Facebook deals with user data. Fortune
Facebook employees blame Sheryl Sandberg for company's downfall
Facebook's crises this year has put immense pressure on Chief Operating Officer Sheryl Sandberg, undermining her authority and tainting an image that was burnished by the social-media company's meteoric rise. (Ad Age)
Facebook's crises this year has put immense pressure on Chief Operating Officer Sheryl Sandberg, undermining her authority and tainting an image that was burnished by the social-media company's meteoric rise. (Ad Age)