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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

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Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. Other technology giants including Google , Amazon and Apple are also facing probes. There is no ‘it’s too hard’ defense,’” Wu told WSJ.

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Direct Sales Co Younique Launches Virtual Makeup App

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Direct sales company Younique, which has been pivotal in its approach to social media marketing, has launched an augmented reality (AR) makeup trying-on tool, according to a release. . Younique was launched in 2012, and it gained traction using a social media-based model.

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App Developers Bring Antitrust Lawsuit Against Facebook

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The companies say that the social media giant removed developers’ access to its program in an attempt to hurt potential competitors. In 2012, Facebook stopped giving certain companies access, while granting it to others. The plaintiffs are seeking class-action status for their suit as well as an unknown amount of damages. “In

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Facebook Says It’s Open To New Regulation

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According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” Facebook is “not the same company” even a year ago, with the social media giant already instituting a lot of changes, the executive noted.

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Billionaire Investor Peter Thiel Reduces His Facebook Shares To $2M

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Early Facebook investor Peter Thiel once had 45 million shares in social media company Facebook , but he recently let go of most of them, and now he’s left with a comparatively paltry $2 million, according to a report by Bloomberg. billion, which includes his stake in Palantir Technologies , a data analytics company.

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Apple Hires Facebook Critic As Part Of Privacy Team

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According to Financial Times , Parakilas monitored privacy and policy compliance of software developers for Facebook for 18 months before he left in October of 2012. Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies.

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Sansan Lands VC For Business Networking Solution

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Eight is a social network service designed to help business professionals digitize, manage and share the contact information which would normally be found on physical business cards. The service launched in Japan in 2012. While not a social media network, Sansan does promote connectivity between businesses and professionals.