Facebook Stock Tanks As Lockup Partially Expires

Facebook’s stock continued to take a massive beating today as the first stage of the lockup period ended, freeing insiders to sell around 270 million shares on the open market. It has been exactly 3 months since Facebook went public, and this is just the beginning of the end of the lockup period.

The added liquidity following the expiration of the lockup period usually leads to selling pressure, which leads to a drop in a stock’s price, despite the fact that it is already public knowledge.

Close to 1.8 billion shares of Facebook are expected to be added to its free float in the coming months. That would almost double its outstanding share count, which combined with the speculation surrounding whether or not Facebook can successfully monetize its rapidly growing mobile audience, could easily lead to a further massive dip in its already underwater stock price.

Facebook is trading at around $19 today, which is nearly half of what it went public at.

At this valuation, most of its late stage investors like Goldman and possibly DST have incurred losses, and most of the public investors which invested in its IPO have already seen the value of their investment dip around 50%.

The only impetus that Facebook’s could possibly get would be during its next quarterly earnings, if at all it figures out its mobile monetization dilemma.

Facebook Adds “Expecting a Baby” Life Event

In addition to the getting engaged, or adopting a new pet “Life Events”, Facebook has added yet another event to the list called “Expecting a Baby” in Family and Relationships section on Timeline, where expectant parents can share their baby’s due date along with whether it’s a boy or a girl.

“Life Events are easy and expressive ways to mark significant moments in your life such as getting married, buying a house or traveling to new places,” according to a Facebook blog post. “If you choose to, you can now share that you are expecting a baby with your friends on Facebook.”

The “Expecting a Baby” feature allows you to add details like who the other parent is, a location, and a brief story that you’d like to share with your friends. You are also provided with an option to add a photo, so your friends on Facebook may start seeing more pictures of ultrasounds and pregnant bellies on their news feed or on your Timeline.

Expecting a Baby Life Event

If you’re expecting a baby, you should share the happy news with your friends and relatives on Facebook. In order to do so, simply go to your Timeline and click on the “Life Event” option from the sharing tool. From there, click on “Family & Relationships” and select “Expecting a Baby.” Add the necessary details that you want to share before clicking the Save button.

The happy baby announcement will appear on your friends Facebook news feed page in the Celebrations section, located in the Expecting a Baby Facebook Notificationupper-right corner where birthdays appear.

If you’re not using Facebook’s new Timeline layout, you will not be able to take advantage of this feature. Life Events is one of the many features that Facebook Timeline offers in which users can express there happy moments in their lives such as getting married or engaged, or moving to a new city. The new addition to the Life Events list “Expecting a Baby” began rolling out yesterday, and will available to all Facebook users in a couple of days.

Also Read: Your Next Login to Facebook Might Leave You Surprised

Facebook has also revamped the Events feature with the new calendar and list view that highlights a list of current and upcoming events. However, the engagement and marriage events won’t be listed or added to the calendar view.

Thumbnail image [via]

Facebook Verified App— Not So Verified After All

Every other person out there is developing apps nowadays, and while some apps are good at what they do, others abuse the security of their platform to steal data. In these dire situations, it comes as a relief when the platform starts checking these apps and gives them a badge of trust, like a “verified app”. Almost every app store has a verified app scheme. Android has a top-developer rating, Google Chrome Web Store shows a small green tick and Facebook had a “verified app” scheme too, until December 2009.

With Facebook, the verified app system worked a bit differently. Not only were these verified apps supposed to be secure, they also enjoyed certain promotional privileges, all for a price. Some developers have even paid Facebook $95,000 to enter as a verified app in Facebook! The Guardian writes,

Developers paid Facebook $375, or $175 for a student or non-profit organization, to be given the green tick. Verified apps were given other benefits including prominence in its search results and a higher ranking on the directory of apps.

What if you were using an app that said it was verified, when in fact it was just given the badge without any verification. After nearly two years and because of an ongoing FTC investigation, Facebook’s verified app system is under scrutiny now. Seemingly, the verified apps were nothing special, and they underwent the same checks as any other app on the Facebook platform. In short, Facebook charged developers for a fake verification, and a verified badge.

Guardian’s Josh Halliday has brought the matter to public notice, and this makes it hard times for Facebook. Facebook took a blow last Friday too, when another judgment was passed in the ongoing FTC Act investigation, which stated that Facebook would have regular privacy inspections for the next 20 years.

Although live only for six months, the verified apps system has earned Facebook a lifetime of notoriety. Facebook is yet to respond on this allegation. I seriously hope the response is something substantial, because if the allegation is true, Facebook being one of the largest internet companies out there, it undermines the whole system of verified apps.

Send Real Postcards with “Mail a Postcard” Facebook Feature

Facebook continues to test new features for its social networking site, as reports around the Web indicate that a new “Mail a Postcard” feature is under progress, and maybe  made available to all users in near future.

The new Mail a Postcard feature that Facebook is currently testing enables users to send real postcards to friends with any of your pictures included on it. The service is powered by Sincerely, the company behind the popular app service called Postagram that allows app users to send real greeting cards to friends and family on every special occasion. Additionally, you can include a small message in the post card along with the picture.

Facebook Mail a Postcard

Just like any other recently added Facebook features, the Mail a Postcard feature was also made possible in the hackathon project. It will be made available to a random set of Facebook users at first, and Facebook will monitor if the selected users buy any postcards. If successful, the feature will be rolled out all users on Facebook.

Of course this isn’t going to be a free service. The user will be charged a fee, but Facebook hasn’t discussed any pricing details yet. However, we expect that the price will be close to $0.99.This, on the other hand, will garner Facebook more profit through the increased interaction with photos by setting a high advertising value for ads alongside photos on the site. Additionally, Facebook will also profit from the selling of the postcards and prints.

How to Use “Mail a Postcard”?

If you’re one among the lucky limited group trail, you can go ahead and try out the new feature. Go to your photos page and select any photo. Right under the photo you are viewing, you will notice a “Mail Postcard” button. Clicking it will open the postcard screen, in which you are asked to enter the necessary fields, including the recipient’s address. After you’ve finished entering the details and selecting the appropriate payment option, click on send button. Your order will be placed and your card will go into the production process. Thereafter it will be snail mailed to the recipient.

Facebook Mail a Postcard

A Facebook spokesperson said the following regarding the new feature:

“A few months ago, some engineers built a fun feature that allows people to mail their Facebook photos as a physical postcard to any of their friends on Facebook. You can send your own photos to any of your friends or your friends’ photo to them. The front will be the photo and the back you can add a note for your friend, just like a normal postcard.”

Review: Pictarine For Android

These days, almost everyone uses multiple social networking sites to stay connected with their friends and families by sharing text or photo updates. Facebook and Twitter allow you to share the latest pics with your friends and followers, while Instagram bring the functionality of adding amazing filters before sharing it with the world. Sadly, we have to keep a track on various apps to find out the latest pics shared on these social networks. To solve this problem, you’ll just need to head over to the Google Play and download the Pictarine app.

Pictarine for Android is an amazing app which brings all the pics shared by your friends on various social networking sites under one roof. This app not only allows you to connect popular social networks and services such as Facebook, Twitter, Instagram, Google (Picasa), Flickr and Photobucket, but you can also connect to less popular photo sharing services like the Shutterfly, Windows Live, Dropbox, 500px and Tumblr. The size of the app is just 1.8 MB and and the current version is numbered 1.0.6. You can easily install the Pictarine app on devices with Android 2.2 or higher version of OS.

To get started with the app, you will need to sign up with your existing Facebook or Google account. The sign up process will not take more than 30 seconds. After signing up, you can connect various social networking services mentioned earlier. As you can see in the above screenshot, I have connected my Twitter, Google, Facebook and Instagram accounts. Currently, this app does not allows you to upload the photos from your device. However, you can easily like or comment on the photos shared by your friends.

On the left side, you will find 4 options – Photo Feed, Surprise Me, My Photos and Playlists. All of the photos shared by your friends on these services will be displayed under the “Photo Feed” section. As the name suggest, “Surprise Me” section will throw 12 random images from the connected services on your screen. You can easily refresh these images just by sliding the screen in the upward or downward directions.

My Photos” section allows you to view the images currently stored on your device as well as on the connected accounts. You can even select individual photos and create your own playlist. This feature helps you to organize your favorite photos and view them at a later date or share it with your friends. The playlist can be a mixture of your own photos as well as the ones shared by your friends. You can find all of your playlists in the dedicated “Playlists” section.

The user interface of the app is quite simple and it works as advertised. Instead of wasting your valuable time on visiting multiple social networks and apps, Pictarine will help you to easily discover, like, comment and share pics across various apps and devices. Sometimes you might feel a bit of lag while the images are loading. However, there is a lot of room for improvement. Overall, I personally liked this app and would definitively recommend it to our readers. You can also access Pictarine web app from their official website.

Price: Free
Rating: 4/5

[ Download Pictarine from Google Play ]

Facebook Announces [email protected] to Report Phishing Attempts

Thanks to Gmail and its wonderful spam evaluating tool running behind it, our life on this virtual planet has been saved from over thousands of phishing emails coming in from bogus email ids claiming to be actually from sites like Facebook, PayPal, and many others. Yet, users on Facebook are not spared as they are directly targeted from the social network itself with the help of spam messages and rogue applications invites sent via Facebook Messages.

Recently, the social media giant Facebook filed new documents with the Securities and Exchange Commission (SEC), which in fact revealed that 955 million users, 8.7 percent of Facebook profiles were a fake, and nearly 14 million accounts were used only to spread spam messages.

This has not only resulted in a spammy network, but also has given hackers and spammers the best way to compromise Facebook accounts and steal user information. Many users who are tricked into clicking on spam links, often tend to fall for the trap and end up Phishing Emailsharing their personal information with the spammers. This has been a serious issue from the past two years, and Facebook has made several attempts to create awareness amongst users.

In another attempt, the social media giant is taking its next steps to eradicate spammers and phishing messages from the network. With this, the company announced the launch of [email protected], an email address available to the public to report phishing attempts against Facebook. Anyone – even those who aren’t on Facebook – can use it to report malicious emails that pretend to come from Facebook.

How is this going to help?

Facebook says, “By providing Facebook with reports, we can investigate and request for browser blacklisting and site takedowns where appropriate. We will then work with our eCrime team to ensure we hold bad actors accountable. Additionally, in some cases, we’ll be able to identify victims, and secure their accounts.”

Additionally, Mark Hammel, a Facebook engineer, says, “We have a pretty robust team here to deal with bad actors. This will give us extra visibility into people’s e-mail inboxes, where there wasn’t a good feedback mechanism in place.”

In a note on the Facebook Security page announcing the launch of [email protected], the company has provided some helpful tips from the APWG on how to recognize potential phishing emails:

  • Be suspicious of any email with urgent requests for login or financial information, and remember, unless the email is digitally signed, you can’t be sure it wasn’t forged or “spoofed.”
  • Don’t use the links in an email, instant message, or chat to get to any Web page if you suspect that the message might not be authentic or you don’t trust the sender. Instead, navigate to the website directly.

As a Facebook user, it is advised that you make use of this email id to report any suspicious email or Facebook message that you receive, even if it comes from a friend on Facebook. Chances are that your friend’s account might have be compromised and the hacker is trying to obtain information from you to hack your account as well.

The best practise I would suggest you to follow is to ignore any emails or requests that you get, asking you to share your personal information, such as username, password or bank details. However, it would be really helpful for Facebook if you can alert them about the attack using the new email address, which could help others from falling for the trap.

Also, be sure to create awareness about the new email id. Do share this post with your friends and let them know on how to identify potential Facebook phishing emails.

Facebook Testing New Notification Feature for Photo “Likes,” Comments [Updated]

The social networking giant Facebook seems to be testing out a new photo notification feature on its site, with a small thumbnail image appearing on the right side of the notification box, whenever a user “likes” a photo.

The new feature will give users an preview of what the user has actually “liked” instead of click-opening the photo as a whole in the Facebook photo viewer.

The feature was shared by Facebook user Akash Jain, and has managed to share a screen shot on his Timeline:

Facebook Photo Thumbnail Notification

From the looks of it, Facebook seems to be providing users a thumbnail preview of what photo the user/s has/have “liked,” and the notification appears in the notification box on top.

Recently, Facebook announced a new look and feel for its photo layout, with a change that gives users a new photo viewing experience, and making photos appear larger and easier to interact with.


Looks like Facebook has started to release this new photo “like” notification feature to an increasing number of users. This morning, I started seeing the new feature on my notification list, and a few other friends in my list also confirmed that they’re seeing this new feature:

Facebook Photo "Like" Notification

The feature not only shows a small thumbnail image preview for photo “likes,” but also for new comments that have been added on a photo. The thumbnail preview of the photo is shown within the notification box itself. This is a very useful feature that Facebook is implementing.


McAfee Social Protection Protects Your Facebook Photos

Facebook Photos was designed to make sharing of photos with the people that matter as easy as possible. Privacy was very much an afterthought, and that is still readily apparent. Although Facebook does provide reasonable amount of control over your photos, it is still very easy to slipup and unintentionally broadcast your private moments on the web. Even worse, your friends can share your photos to distribute your pics way beyond their intended social circle.

McAfee Social Protection solves all of this and more. Social Protection will be released as a browser plugin for Internet Explorer, Firefox, and Chrome towards the end of this month. Support for Macs, iOS, and Android will arrive by the end of this year. Once you install the plugin, the photos you upload are encrypted and uploaded to a different server. The photos appear blurred by default, and only the intended recipients who have Social Protection installed will be able to view the original snap. This takes care of situations where your boss, who is not even in your friendliest, might accidently stumbling upon your drunken pics because your friend decided to share them with everyone in his network.

via Mashable

McAfee also goes a step further, and makes it impossible to download or screencap your Facebook photos. Other than taking a snap of the screen with a camera, McAfee is pretty much making redistribution of your photos impossible. It is also including facial recognition technology that will automatically alert you if anyone in your network uploads a photo of you without tagging you in it.

We are still a few weeks away from the official release of Social Protection; however, if it indeed works as advertised, it might turn out to be a hit among the more privacy concerned netizens. The fact that only friends who have the plugin installed will be able to view your photos will definitely act as a deterrent. However, that might be a cost people will be willing to pay for the additional privacy.

Facebook Stock At Nearly Half of IPO Price

Facebook’s stock has been completely hammered in the last week, after it reported its earnings for Q2 2012. While Facebook’s stock dropped nearly 20% following the earnings of Zynga and itself, the carnage is far from over.

Its stock is currently trading just above $20, which implies a valuation of just around $45 billion, which is much lower than the much touted $100 billion valuation it was supposed to be worth.

Its stock price is now just slightly more than half its IPO price, which means that nearly all investors are in the red. After showing explosive revenue growth in the last couple of years, its numbers in the last two quarters have failed to impress. Its ad offerings have failed to generate any significant revenue so far, and the most recent dip in its share price was triggered by allegations by an advertiser that 80% of all clicks on Facebook ads came from bots. To add to that, came the revelation that around 8% to 9% of Facebook’s users are fake users (duplicate users, misclassified accounts and “undesirable” accounts).

Facebook’s problems are many:

1. It still hasn’t been able to find a way to effectively monetize its growing mobile audience.

2. Its growth in the US and Europe has peaked, and there is not much revenue upside potential left through new user growth in those markets.

3. In developing markets like India, where it is expected to grow the most, the average ad revenue generated per user is much lower than in the US, so it wouldn’t impact its revenue growth much.

Given how Google has been making tons of money from search advertising, Facebook could easily be worth much more if it’s able to prove that social advertising is just as, if not more, effective as search advertising.

8.7 Percent of Facebook Profiles Are Fake; 14 Million Used to Spread Spam

Earlier this week, the social media giant Facebook filed new documents with the Securities and Exchange Commission (SEC), from which some interesting facts were revealed.

Facebook, with currently having over 955 million users, is one of the major hub for spammers to spread spam messages including bogus links, online survey sites, and hoax messages. Users, unaware of the end results after clicking scam links, fall for the tricks and end up sharing their account details with the scammer.


According to the filed document, nearly 14 million (out of the 955 million) Facebook accounts are used to spread scam and spam messages across the network. And Facebook is having a difficult time in identifying these fake Facebook profiles and disable them.

Here is the breakdown from the quarterly filing:

  • 4.8 percent accounts on Facebook are marked as “duplicate” where users have more than one account.
  • 1.5 percent accounts are “undesirable.” All the spam accounts fall under this category.
  • 2.4 percent of accounts are misclassified accounts, where users either create personal accounts for companies, organizations, a pet, or other non-human being.
  • Totally 8.7 percent of accounts on Facebook are fake, which accounts up to near 83 million accounts.
  • Earlier before the IPO filing, Facebook said that nearly 5-6 percent of Facebook accounts were bogus.

With the increasing number of bogus accounts on Facebook, the social media giant says that it is trying its best to bring down that number. In the document, Facebook states, “We are continually seeking to improve our ability to identify duplicate or false accounts and estimate the total number of such accounts, and such estimates may be affected by improvements or changes in our methodology.”

With this, there have been a lot of concerns about fake advertisement clicks on Facebook, and advertisers are real fumed up for this reason. According to a firm Limited Press, which opted Facebook’s advertisements alleged that based on its own custom tracking tool, it analyzed that nearly 80 percent of the clicks generated were from fake Facebook accounts. Advertisers have also assumed that most of the ad clicks were coming from bots, which is really disappointing news for Facebook.

According to some latest reports, Facebook saw a drop by 0.7 percent from its U.S. user base in the last three months, and nearly 1.7 percent in the last six months. The main reason for this is only because of the increase in spam messages on the users’ news feed. Additionally, the report also says that Hong Kong had a 1.7% drop in users and Singapore had a 1.1% drop.

Second Quarter 2012 Operational Highlights:

  • Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29% year-over-year.
  • Daily active users (DAUs) were 552 million on average for June 2012, an increase of 32% year-over-year.
  • Mobile MAUs were 543 million as of June 30, 2012, an increase of 67% year-over-year