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  • Mon, Oct. 24, 2:44 PM
    | Mon, Oct. 24, 2:44 PM | 13 Comments
  • Sat, Oct. 22, 7:27 AM
    • A number of Donald Trump posts - such as those concerning a ban on Muslims entering the country - set off an intense debate within Facebook (NASDAQ:FB) about whether they should be banned for violating the site's rules on hate speech.
    • The decision eventually went all the way to CEO Mark Zuckerberg's desk, and he ruled in December that censoring the candidate would be in appropriate. The edict didn't go down well with some of those at the company, who argued Zuck was bending rules for Trump, and threatened to quit.
    • The affair speaks to the larger of issue of how Facebook will deal with its enormous power given the impression it may be favoring one side or the other. Zuckerberg this week had to send an internal message to employees urging tolerance of Peter Thiel's political activity. Formerly thought of in nearly god-like terms in Silicon Valley, Thiel has made himself somewhat of a pariah out there by not toeing the accepted political line.
    • Facebook stands to reel in about $300M from online political advertising this year.
    • Story by Deepa Seetharaman at the WSJ
    | Sat, Oct. 22, 7:27 AM | 158 Comments
  • Wed, Oct. 19, 12:38 PM
    • In addition to enhancing social recommendation and event discovery features.
    • Food ordering – available on restaurant pages integrated with Delivery.com or Slice
    • Appointment request – book via a business page, confirmation communicated through Messenger
    • Event ticketing – purchase of movie tickets powered by Fandango enabled directly on Pages; Ticketmaster and Eventbrite collaborations for other events further noted
    • Quotes – request quotes from local businesses on participating business pages
    • Facebook's (FB +1.1%) on a mission to simplify tasks that are often facilitated through multiple products with singular features (i.e. recommendations, food ordering, ticketing, local business quotes etc.) by streamlining them across its own integrated network of platforms.
    • Blog post
    • Video
    • Previously (October 7): Facebook introduces dedicated events app
    | Wed, Oct. 19, 12:38 PM | 27 Comments
  • Mon, Oct. 17, 1:27 PM
    • From a prior $154 target (current price $127.89).
    • Analyst Stephen Ju notes Facebook is presently trading at levels 25x and 20x his respective 2017 and 2018 earnings estimates, ad-load growth concerns he's "puzzled" by, "vastly superior" ROI advertisers realize on Facebook compared to alternative platforms and consideration for Instagram, Messenger and WhatsApp he believes is not yet factored into consensus models.
    • Retains Facebook (FB -0.1%) at Outperform.
    • Ju is additionally out with notes today on Amazon and Alphabet, remaining highly positive on both of those as well.
    | Mon, Oct. 17, 1:27 PM | 18 Comments
  • Fri, Oct. 14, 5:06 PM
    • InfiniLED, an operation based in Cork, Ireland.
    • The development of VR solutions balanced between efficiency and power has been spotlighted of late as the competition to produce a device with broader consumer appeal moves forward. Securing technology to reduce display power consumption (20x-40x cited by InfiniLED) is accordingly worth noting.
    • InfiniLED utilizes micro LEDs that are selectively illuminated, drawing power only from active pixels. Various uses of the technology beyond VR and across other wearables, TVs and other end products are also not difficult to imagine.
    • Oculus (NASDAQ:FB) has reportedly confirmed the deal, though so far further information on terms and future plans remain undisclosed.
    | Fri, Oct. 14, 5:06 PM | 11 Comments
  • Fri, Oct. 14, 7:26 AM
    • Piper's teen survey shows declining Facebook (NASDAQ:FB) engagement, says Gene Munster - from 60% in the Spring to just 52% this fall. Fortunately, there's Instagram, and engagement there rose five points over the same time frame. Snapchat usage rose four points.
    • Long-term monetization from Instagram should eventually top that of Facebook, he says, keeping his Overweight rating and $185 price target.
    • Shares +0.4% premarket
    | Fri, Oct. 14, 7:26 AM | 63 Comments
  • Fri, Oct. 14, 4:04 AM
    • It looks like Mark Zuckerberg has a gotten a voice for his AI robot butler after asking for suggestions on Facebook (NASDAQ:FB).
    • "I'll do in a heartbeat if [Paul] Bettany [who voiced Jarvis in the Iron Man movies] gets paid and donates it to a cause of Cumberbatch's choosing...that's the right kind of STRANGE!" Robert Downey Jr. replied.
    • Zuckerberg's response: "This just got real."
    | Fri, Oct. 14, 4:04 AM | 9 Comments
  • Thu, Oct. 13, 5:14 AM
    • Facebook (NASDAQ:FB) and Alphabet (GOOG, GOOGL) are joining with China's Pacific Light to lay an ultrafast internet cable between Los Angeles and Hong Kong, the latest sign of its U.S. backers' insatiable appetite for bandwidth.
    • Meanwhile, Nokia's (NYSE:NOK) Alcatel Submarine Networks has set a new record for cable transmission capacity for communications traffic - doubling its previous levels - as the company responds to a pick-up in demand from Internet firms.
    | Thu, Oct. 13, 5:14 AM | 4 Comments
  • Wed, Oct. 12, 12:34 PM
    • Alongside TE SubCom (TEL -0.4%) and Pacific Light Data Communication Co.
    • Set to launch in the summer of 2018, the Pacific Light Cable Network will measure nearly 8K miles and once constructed, will register the highest-capacity transpacific route to date.
    • With Facebook (FB +0.2%) and Google (GOOG, GOOGL) driving ever-increasing quantities of global internet traffic, a greater stake in the infrastrucutre faciliatting its delivery could yield distinct advantages going forward.
    • Earlier: Nokia demonstrates new record undersea cable capacity
    | Wed, Oct. 12, 12:34 PM | 38 Comments
  • Mon, Oct. 10, 1:24 PM
    • Formerly known as Facebook at Work.
    • The project had been in closed beta for more than a year, though Facebook notes 1K organizations so far utilize the service (India, the U.S., Norway, UK and France cited as top countries).
    • As of today, worldwide availability begins for "any company or organization that wants to use it."
    • With this move marking Facebook's (FB +1.1%) first major foray into enterprise, Slack (Private:SLACK), Microsoft (MSFT +0.3%), Salesforce (CRM +6.6%), Atlassian (TEAM +0.7%) and others will be on watch going forward.
    • Workplace, Pricing
    • Last week: Facebook introduces dedicated events app
    | Mon, Oct. 10, 1:24 PM | 58 Comments
  • Mon, Oct. 10, 11:02 AM
    • Following developments and presentations highlighting the technology at Facebook's (FB +1.2%) Oculus Connect conference last week.
    • Although large-scale adoption and implementation of VR is not imminent, analyst Brian Nowak notes, "VR is in the earliest innings with software/hardware barriers to clear (we put Oculus in FB's 10 year bucket), but the initiative continues to progress."
    • Price target of $160 (current pice $130.37) retained.
    • Last week: Facebook's Oculus direction viewed favorably at Piper Jaffray
    | Mon, Oct. 10, 11:02 AM | 19 Comments
  • Mon, Oct. 10, 3:49 AM
    • Despite recording global profits of $6.2B, Facebook's (NASDAQ:FB) U.K. business ended 2015 with an £11.3M credit to offset against future tax payments, just months after pledging to stop funneling earnings through Dublin and contribute more to the Exchequer.
    • The revelation will likely reignite the debate about whether the internet firm is contributing a fair amount to British coffers. It paid just £4,327 in U.K. corporation tax in 2014.
    | Mon, Oct. 10, 3:49 AM | 10 Comments
  • Fri, Oct. 7, 2:03 PM
    • A new product external of Facebook's (FB +0.2%) main platform.
    • Daily users of Facebook Events noted at 100M. Monthly – 650M.
    • Facebook: "Whether you’re looking for something to attend this weekend or just wondering what’s happening in your area, Events will help get you there."
    • Unlike Messenger's break off, however, events will remain fully visible and accessible within the Facebook app.
    • Available today on iOS, soon on Android.
    • Blog post
    | Fri, Oct. 7, 2:03 PM | 20 Comments
  • Fri, Oct. 7, 12:49 PM
    • With Facebook (FB -0.1%) detailing interesting new VR developments within its Oculus division yesterday, Piper Jaffray's Gene Munster consequently reissues an Overweight rating and $185 price target (current price $128.72).
    • Cites an increasing portion of R&D comprised of VR-related spending ($250M existing investment, $250M planned investment), social features, higher potential device adoption resulting from anticipated price reductions and the all-in-one prototype highlighted by Mark Zuckerberg at yesterday's event as contributing positively to the unit's VR prospects.
    • While extensive adoption of the technology has yet to be realized, headway is nonetheless being made at Facebook and elsewhere.
    • See also: Google unveils Pixel phones, Daydream View headsets, Google Wifi, Chromecast Ultra and Google Home
    | Fri, Oct. 7, 12:49 PM | 20 Comments
  • Thu, Oct. 6, 5:32 PM
    • With current VR headsets mostly ranging starkly between higher end, externally-powered (Oculus Rift, HoloLens, Playstation VR, Vive) and relatively lower-end, smartphone-powered offerings (Samsung Gear VR, Cardboard, Daydream View), Oculus looks to broaden the technology's reach through a standalone, though powerful device.
    • Facebook (NASDAQ:FB) CEO Mark Zuckerberg noted a prototype headset with this aim in mind is under development while presenting at today's Oculus event.
    • Though technical challenges involving VR development remain prohibitive, should a middle-ground balance be struck, a wider spectrum of potential consumers/users could undoubtedly be reached.
    • Additional developments: Oculus Touch, Oculus Earphones, $500M VR investment, Parties and Roomsavatars
    | Thu, Oct. 6, 5:32 PM | 23 Comments
  • Thu, Oct. 6, 2:04 PM
    • The zero-rating program has previously faced controversy in India and Egypt, though is available in 49 other countries.
    • It's now being reported Facebook (FB +0.4%) is looking for ways to bring the program, intended to provide free access to a restricted grouping of websites and services to those without traditional carrier data plans, to the U.S.
    • Facebook: “While we have nothing to announce. Facebook’s mission is to connect the world and we’re always exploring ways to do that, including in the United States.”
    • The report further asserts Facebook to be evaluating the best path to take within the U.S. so as not to provoke the negative reception and contention the program has generated elsewhere around the world.
    • Free Basics by Facebook
    | Thu, Oct. 6, 2:04 PM | 16 Comments