Facebook is planning to attract annual $66.35 billion TV advertising market in U.S.

facebook logo (Credit: cbhdesign/Flickr)Facebook Inc. is going to experiment video advertisements with a handful of advertisers on its website that would play automatically in news feeds of users, according to The Wall Street Journal citing people, who know the subject.

Don’t worry the ads would not annoy you as they will play without sounds. Users can view and listen to the video by clicking on the advertisement. Moreover, the company has reported that the new ads will not consume mobile data plans as the videos will only download upon connection to WiFi.

According to the reports, this type of advertising would capture a share of about $66.35 billion TV advertising market annually in the United States. This move could significantly increase the company’s advertising revenue.

Although, it is still unclear but according to the journal Facebook could show ads of up to 15 seconds. Read More …

Photos from Facebook page – Part-2

Here, I have posted 3 photos from our faecbook page that would amuse you… Have a good time.

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Facebook and New York University jointly work to control large data

facebookMain Point:

Facebook and New York University (NYU) planned to work on a new center for artificial intelligence in collaboration. This project would try to get control and utilize large amount of data by social network.

Study Further:

Professor Yann LeCun, French-born mathematician and computer scientist, of NYU’s Center for Data Science will lead the project.

“As one of the most respected thinkers in this field, Yann has done groundbreaking research in deep learning and computer vision,” said Mike Schroepfer, Facebook’s chief technology officer. “We’re thrilled to welcome him to Facebook.”

The teams across three locations – New York, London and its headquarters in Menlo Park, California – will work on “machine learning”, i.e. subject to make computers to learn from giant data sets. Read More …

Facebook got suggestion of “Sympathize” button

You would "Sympathize" this picture instead of "Like" (Credit: stevendepolo/Flickr)
You would “Sympathize” this picture instead of “Like” (Credit: stevendepolo/Flickr)

Facebook would think of adding a “Sympathize” button as reported by Bianca Bosker at the Huffington Post. This button would help users to tell their friends and other users on Facebook that they have seen the post but it is not specifically in the “like” manner as for example to tell someone who have had a bad day, or on breakup.

Facebook engineer Dan Muriello noted at the company’s annual Compassion Research Day that another engineer supported strong feelings for the button at a previous compassion-themed hackathon.

A Facebook spokesman called the hackathons “the foundation for great innovation and thinking about how we can better serve people around the world.”

“Some of our best ideas come from hackathons, and the many ideas that don’t get pursued often help us think differently about how we can improve our service,” the spokesman wrote in an email to The Huffington Post.

Support of “Sympathize” button by Muriello has still not gone to the site but has been appreciated by fellow Facebookers.

“It would be, ‘five people sympathize with this,’ instead of ‘five people ‘like’ this,'” said Muriello. “Which of course a lot of people were — and still are — very excited about. But we made a decision that it was not exactly the right time to launch that product. Yet.” Read More …

Facebook would soon keep a sharp eye on your cursor movements

IOGraphica (Credit: IOGraphica)

Have you ever used the interesting “IOGraphica” software? If not, here is a brief review about the software; it can detect the movement of the cursor on your screen and make a beautiful networking style art for you.

Now, there is news and that is the collection of users’ data by Facebook by tracking the mouse movements on the screen but it is more than just “IOGraphica”. Facebook can collect your every cursor movement whether that is in the form of scrolls or highlights or clicks or whatever the cursor could do. Read More …

Mark Zuckerberg’s virtual wealth is more than $18 billion in the form of shares

Mark Zuckerberg (Credit: AP)

Mark Zuckerberg, Founder and CEO of Facebook, has 29.3% of the Facebook shares accounting for about 632.7 million shares as shown by the SEC filing announced by Facebook.

Trading the shares at $28.50 (current value), Zuckerberg will get slightly more than $18 billion.

With the largest number of shares Zuckerberg has not only a good amount of personal wealth but also holds a good level of voting power. Read More …

Azimo’s app will allow users to transfer money using Facebook

Azimo will allow the Facebook users to transfer money onlineAzimo, UK based online money transferring service, has introduced the Facebook app to “swiftly, securely and cheaply send money around the world” using social media.

The app will allow the transfer of money between the bank accounts from more than 125 countries in the world.

“Unlike other areas of financial services, social media is very applicable to remittances,” said Michael Kent, founder of Azimo. “With more than a billion people around the world using Facebook to keep in touch with friends and family, it seems only natural it should become a channel for sending money.”

“We surveyed our UK remittance customers and found nearly three quarters regularly use Facebook – and of those, over 60% were in touch with the person they wanted to send money to.”

Azimo is thinking on to consider international money transfers and migrant workers, who send money back to their families. The company will charge 1-2% of the total transaction.

“Azimo’s aim is to charge only what is fair – between 1-2% of the transaction – and to make it quick and easy for anyone to transfer their money overseas,” said Kent.