Drop in user time for Facebook

Image source: DADO RUVIC/REUTERS
Caption: It was observed users tend to spend less time on Facebook feed
Facebook tend to be slightly worried as the company sees drop in the users time spend online. It had announced major changes in January to be made on the news feed, but saw less user time even before that. In the last three months roughly 50 million hours a day was observed to be cut down by the users on the social media. For example, fewer viral videos were shown up on feeds.
Mark Zuckerberg went on record to say that, Facebook encourages personal interaction by helping people connect which is more important and is not much bothered about its drop of users online. “We can make sure the service is good for people’s well being and society overall” he added. The decline in users was recorded a little more than two minutes on an average basis, for 1.4 billion daily users.
Facebook’s largest advertising revenue is from US and Canada, and the very same countries saw the drop in daily users by nearly 7,00,000 to 184 million in a quarter. Zuckerberg says that Facebook users often stick around an ad if they show interest in one particular type.

Mark Zuckerberg wants to improve your timeline in a big way

Facebook CEO Mark Zuckerberg made a big announcement that will affect your timeline in a big way. Users will see more posts of friends on the social media website than those of other publishers or brands. Zuckerberg claimed that this was done to encourage people from spending lesser time on the site.

He said that they had received feedback that posts from businesses and brands on the site were crowding users’ personal spaces. He wanted to ensure that the time users spent on the site was worth their while. However, viewing posts from friends and acquaintances might as well as mean that we may indulge more in commenting and sharing those posts.

This may have big ramifications as the businesses relying on Facebook for traffic might be gutted. The content of these brands might not appear on the News Feed and a lot of organizations are deeply involved in generating content especially for the timeline.

Also for investors, Zuckerberg’s announcement proves to be bad news since advertisers would always encourage users to spend more time on Facebook. More time on the site does not necessarily translate into more revenue but less time definitely sounds pessimistic.

Source: ABC News, Recode

Mark Zuckerberg now has Iron Man’s Jarvis

Washington DC, December 20: Mark Zuckerberg’s ‘Iron Man’ fantasy has finally come true as his intelligence-imbued software butler named Jarvis is now in service.

The 32-year-old Facebook co-founder took on this personal project in 2016 and devoted 100 hours in making a system inspired by the Robert Downey Jr starrer film character Jarvis as a virtual assistant to help manage his household.

Jarvis is not a robot, but an application that learns Zuckerberg’s tastes and patterns as well as new words or concepts, and can even entertain his one-year-old daughter Max, reported NDTV.

Making a post on the leading social networking site, Zuckerberg said that this challenge was easier that what he expected.

He added that assistants such as Jarvis would not only need devices in homes to be linked to the Internet, they would have to run on common standards. The software can be accessed through Zuckerberg’s phone or computer to control lights, temperature, music, security, appliances and more.

Zuckerberg also revealed that he tends to text his Jarvis using a ‘bot’ he built for the Facebook Messenger service instead of speaking to it, mostly not to disturb people around him

 

Sources : NDTV, Daily sun

Mark Zuckerberg Donates Facebook Shares to Charity

According to a Forbes magazine report on Saturday, August 20, Facebook CEO Mark Zuckerberg has sold shares of the social networking giant worth $95 million dollars before taxes through The Chan Zuckerberg Foundation and CZI Holdings LLC. The sale will net approximately $85 million after taxes. This is the first follow up on a pledge that Zuckerberg and his wife Priscilla Chan made in December 2015 to donate 99% of their Facebook shares to advance human potential and promote equality for children.

According to the Economic Times, after the birth of their daughter Maxima Chan Zuckerberg, the couple had announced their intention to donate to charity and had started a foundation intended to focus on “personalised learning, curing disease, connecting people and building strong communities”. Their initiative called the Chan Zuckerberg Initiative is meant to advance human potential and to promote equality among all of the next generation. In a 2,200-word letter to their daughter that they posted on Facebook, they wrote, ”We will give 99 per cent of our Facebook shares during our lives to advance this mission. We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others.”

 

Read more: Economic Times

Facebook exceeds expectations with second fiscal earnings

Today, social media giant Facebook earnings broke all records when it earned a revenue of $6.44 billion in the second fiscal quarter. Valued at 97 cents per share, adjusted, shares rose at nearly 6 per cent, going over $131 per share according to CNBC.

This windfall in profit is a cause of their ad revenue – which accounted for $6.24 billion. Mobile ad revenue made up majority of the turnover at 84 percent at $5.42 billion.
The massive user base also increased by 20 percent on mobile, and monthly active users hit 1.71 billion during this quarter.

67.9 percent of social media ads around the world for this year now belong to Facebook according to estimates. People are sharing more on the website, as well as spending more time on their family of apps. The Messenger app is now 1 billion mobile users strong as announced by the company.

CEO Mark Zuckerberg spoke about upgrading the experience for customers by promoting only relevant ads. He also spoke about the success of the mobile messenger saying that it was more than just a way to chat with friends online.

Live video, virtual reality and chatbots on messenger have been the new features in the company’s website after April this year.

The company also said that it continued to be the best way for a large worldwide audience comprising mostly of teenagers and millennials while referring to youth targeted ads.

 

Source: CNBC

Facebook turns 12, celebrates it as ‘Friends Day’

The social networking giant Facebook celebrated its 12th birthday with 1.5 billion active users on the platform on Thursday.

Mark Zuckerberg along with COO Sheryl Sandberg and a select group of Facebook users, spoke about their journey at the company’s Menlo Park headquarters on Monday. Zuckerberg who vaulted into a new position as the world’s fourth richest man this week, surpassed Amazon chief Jeff Bezos, Oracle billionaire Larry Ellison, and Mexican businessman Carlos Slim in rapid succession. It was his first media gathering since he’s come back from paternity leave. An ardent proponent of virtual reality, he further said that he wants to use the Oculus Rift tech that Facebook purchased in 2014 for $2 billion to capture Max’s first steps.

The social network is celebrating the anniversary as “Friends day”- a way to celebrate the relationships that have made a difference in people’s lives through the network. The custom made collages will be packaged in video presentations of photos of family and friends that have been previously been posted on Facebook. Also, Mark called the users to celebrate the day with him by narrating stories about friendships that have made a difference in their lives.

The journey of Facebook started when Zuckerberg wrote its first code in January 2004, with a hope to help students at his college connect and bring the community together. Having looked back at how it has evolved in these years, he added that he is overwhelmed as millions of people around the world today use Facebook to stay connected with their kith and kin. The networking giant today even supports 360-degree video and is also used as a way of conforming safety at the time of any natural calamity.

Facebook is the second most accessed site just behind Google. It is worth over $84 billion and will only be growing with time.  Over these years, it has ventured into a variety of initiatives, projects and technologies with the idea of connecting more and more people across the world.

Source: The Times of India

Muslims are Welcome on Facebook: Mark Zuckerberg

Facebook co-founder, Mark Zukerberg’s post on his profile
Facebook co-founder, Mark Zukerberg’s post on his profile

Image Source: Facebook

The controversial statement made by US Presidential candidate, Donald Trump to ban Muslims from America has resulted in an outburst on both social media and otherwise. Facebook co-founder, Mark Zuckerberg took this opportunity to express his contempt and announced his support to the Muslims in America and around the world.

“After the Paris attacks and hate this week, I can only imagine the fear Muslims feel that they will be persecuted for the actions of others,” Zuckerberg said. He spoke out adding that Facebook will always welcome Muslims and fight for their rights. Being the leader of Facebook he intends on creating a safe and peaceful environment for them. “As a Jew, my parents taught me that we must stand up against attacks on all communities. Even if an attack isn’t against you today, in time attacks on freedom for anyone will hurt everyone,” Zuckerberg wrote in a Facebook post.

While this announcement is a bold statement made by co-founder Mark Zuckerberg, recent terror attacks have raised questions about how social media might play a role in the communication and coordination for terror organizations bringing about the bigger question of security in such social media platform.

Sources: venturebeat.com , cnet.com