Facebook have just announced their financial results for Q3 of this year. They beat expectations with revenues of $1.26 Billion.
Facebook hits 1 Billion Users
Zuckerberg earlier announced that Facebook has reach 1 Billion monthly active users - that's a lot of people. If Facebook were a country it would be the third largest in the world with just China and India ahead of it.
Facebook Launches Gifts
Facebook has launched a new service called 'Facebook Gifts' - it's attempt to take a piece of the ecommerce market which is dominated by the likes of eBay and Amazon. Selected users in the US can select gifts from participating companies and send them to their friends, family or whoever has an event or birthday coming up.
The recipient of the gift can then choose the details of the gift such as colour, size etc and also select a delivery address.
If it's a digital gift such as a gift card it will be present on their phone and if it's a physical item it'll be delivered to them.
This new service will be rolling out to the rest of the US fairly soon and will hopefully be international soon after that.
Does Facebook have a shot at the ecommerce market? Give your thoughts in the comments section below.
Myspace announces a new look
Very few people even knew Myspace was still a thing until this week when the company revealed it has been working hard on a completely new look. And it looks awesome. With a new horizontal timeline feature it looks pretty slick and nice to use. The all but defunct social network appears to be aiming at creatives interested in music, photography, film making and design.
A video showcasing the redesign was released by the Myspace team.
Facebook Removes Facial-Recognition
After a report released by the Data Commissioner of Ireland, Facebook has removed it's facial-recognition feature from the social network. It appears that the main concern was the privacy of users and receiving permission from users before they're tagged using the feature.
Although this was quite a popular feature with users and did not receive many complaints Facebook decided to temporarily remove the feature to all European users until they can conform to guidelines set out by the Data Commissioner.
It is expected that Facebook will bring the feature back to the social network within a month or so.