Instagram Is Now Worth $35 Billion

Originally posted on TechCrunch:

Citigroup raised the valuation of Instagram this morning from $19 billion to $35 billion.

The photo-sharing network recently announced it had surpassed 300 million active users, and has taken steps toward cleaning up spam accounts, as well as adding new filters and features in an update this week.

Instagram was acquired by Facebook back in April of 2012 for $1 billion. The acquisition came at a time when Instagram only had around 27 million users on iOS. However, the company saw over a million downloads n the first day of launching on Android, and Facebook put the pedal to the metal and closed the deal.

Instagram has since grown to have more active users than Twitter.

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Antisocial Social Networking

The link below is to an article that takes a look at ‘antisocial’ social networking and social networks.

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Facebook Admits Users Are Confused About Privacy, Will Show More On-Screen Explanations

Originally posted on TechCrunch:

Facebook today offered reporters a deep dive on how it handles privacy and previewed some upcoming changes. The company revealed it does 80 trillion privacy checks per day on the backend to make sure data isn’t wrongly exposed. It runs 4000 surveys about privacy per day which pushed it to now begin displaying on-screen descriptions of how privacy controls work, including for status update audience selectors and resharing.

Facebook used to have every team work on its own privacy functionality, and then would have dedicated teams for privacy sprints around specific privacy changes. But as the company grew, two specific privacy teams evolved. One is the Privacy Product Engineering team that builds the settings that let users control who sees their content. The other is the Privacy Infrastructure Engineering team, which “helps engineers move the fast and build things” while still being confident there will be no privacy breaches, says Privacy…

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A Facebook Life

Originally posted on TechCrunch:

On Facebook, life begins at conception. “We’re expecting!”, your parents post. You don’t have fingers but you’re already accruing likes. A shared sonogram means hundreds have seen you before you’ve even opened your eyes. You have a Facebook presence despite lacking a physical one.

Think about that for a second. Like it or not, in 10 years Facebook has changed everything. Each phase of this life is playing out right now across a billion people.

You exist in limbo until you turn 13. Your parents can post whatever they want about you, but you’re not supposed to sign up. But perhaps your curiosity wins out, so you fake your age and create a profile. Quite possibly the first in a long series of adolescent rebellions and lies about your age.

From then on, every action you take and thought you think will be accompanied by a little background decision to…

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Facebook: On the Decline

The link below is to an article that suggests Facebook is on the decline. However, given the money it is still making it is hardly a concern to the company yet.

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