Showing posts with label Facebook. Show all posts
Showing posts with label Facebook. Show all posts

Facebook’s False Faces Undermine Its Credibility

Facebook’s False Faces Undermine Its Credibility — The Facebook page for Gaston Memorial Hospital, in Gastonia, N.C., offers a chicken salad recipe to encourage healthy eating, tips on avoiding injuries at Zumba class, and pictures of staff members dressed up at Halloween. Typical stuff for a hospital in a small town.

But in October, another Facebook page for the hospital popped up. This one posted denunciations of President Obama and what it derided as “Obamacare.” It swiftly gathered hundreds of followers, and the anti-Obama screeds picked up “likes.” Officials at the hospital, scrambling to get it taken down, turned to their real Facebook page for damage control. “We apologize for any confusion,” they posted on Oct. 8, “and appreciate the support of our followers.”

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New York Times/Bryce Vickmark - Colleen Callahan uses a pseudonym on Facebook to shield content from prospective employers

The fake page came down 11 days later, as mysteriously as it had come up. The hospital says it has no clue who was behind it.

Fakery is all over the Internet. Twitter, which allows pseudonyms, is rife with fake followers, and has been used to spread false rumors, as it was during Hurricane Sandy. False reviews are a constant problem on consumer Web sites.

Gaston Memorial’s experience is an object lesson in the problem of fakery on Facebook. For the world’s largest social network, it is an especially acute problem, because it calls into question its basic premise. Facebook has sought to distinguish itself as a place for real identity on the Web. As the company tells its users: “Facebook is a community where people use their real identities.” It goes on to advise: “The name you use should be your real name as it would be listed on your credit card, student ID, etc.”

Fraudulent “likes” damage the trust of advertisers, who want clicks from real people they can sell to and whom Facebook now relies on to make money. Fakery also can ruin the credibility of search results for the social search engine that Facebook says it is building.

Facebook says it has always taken the problem seriously, and recently stepped up efforts to cull fakes from the site. “It’s pretty much one of the top priorities for the company all the time,” said Joe Sullivan, who is in charge of security at Facebook.

The fakery problem on Facebook comes in many shapes. False profiles are fairly easy to create; hundreds can pop up simultaneously, sometimes with the help of robots, and often they persuade real users into friending them in a bid to spread malware. Fake Facebook friends and likes are sold on the Web like trinkets at a bazaar, directed at those who want to enhance their image. Fake coupons for meals and gadgets can appear on Facebook newsfeeds, aimed at tricking the unwitting into revealing their personal information.

Somewhat more benignly, some college students use fake names in an effort to protect their Facebook content from the eyes of future employers.

Mr. Sullivan declined to say what portion of the company’s now one billion plus users were fake. The company quantified the problem last June, in responding to an inquiry by the Securities and Exchange Commission. At that time, the company said that of its 855 million active users, 8.7 percent, or 83 million, were duplicates, false or “undesirable,” for instance, because they spread spam.

Mr. Sullivan said that since August, the company had put in place a new automated system to purge fake “likes.” The company said it has 150 to 300 staff members to weed out fraud.

Flags are raised if a user sends out hundreds of friend requests at a time, Mr. Sullivan explained, or likes hundreds of pages simultaneously, or most obvious of all, posts a link to a site that is known to contain a virus. Those suspected of being fakes are warned. Depending on what they do on the site, accounts can be suspended.

In October, Facebook announced new partnerships with antivirus companies. Facebook users can now download free or paid antivirus coverage to guard against malware.

“It’s something we have been pretty effective at all along,” Mr. Sullivan said.

Facebook’s new aggressiveness toward fake “likes” became noticeable in September, when brand pages started seeing their fan numbers dip noticeably. An average brand page, Facebook said at the time, would lose less than 1 percent of its fans.

But the thriving market for fakery makes it hard to keep up with the problem. Gaston Memorial, for instance, first detected a fake page in its name in August; three days later, it vanished. The fake page popped up again on Oct. 4, and this time filled up quickly with the loud denunciations of the Obama administration. Dallas P. Wilborn, the hospital’s public relations manager, said her office tried to leave a voice-mail message for Facebook but was disconnected; an e-mail response from the social network ruled that the fake page did not violate its terms of service. The hospital submitted more evidence, saying that the impostor was using its company logo.

Eleven days later, the hospital said, Facebook found in its favor. But by then, the local newspaper, The Gaston Gazette, had written about the matter, and the fake page had disappeared.

Facebook declined to comment on the incident, and pointed only to its general Statement of Rights and Responsibilities.

The election season seems to have increased the fakery.

In Washington State, two groups fighting over a gay marriage referendum locked horns over “likes” on Facebook. A group supportive of gay marriage pointed to the Facebook page of its rival, Preserve Marriage Washington, which collected thousands of “likes” in a few short spurts. During those peaks, the pro-gay marriage group said, the preponderance of the “likes” came from far-flung cities like Bangkok and Vilnius, Lithuania, whose residents would seem to have little reason to care about a state referendum in Washington. The “likes” then fell as suddenly as they had risen.

The accusations were leveled on the Web site of the gay marriage support group, Washington United for Marriage. Preserve Marriage Washington in turn denied them on its Facebook page. Facebook declined to comment on the contretemps.

The research firm Gartner estimates that while less than 4 percent of all social media interactions are false today, that figure could rise to over 10 percent by 2014.

Fake users and their fake posts will have to be culled aggressively if Facebook wants to expand its search function, said Shuman Ghosemajumder, a former Google engineer whose start-up, Shape Security, focuses on automated fakery on the Internet. If you are searching for a laptop computer, for instance, Facebook has to ensure that you can trust the search results that come up.

“If the whole idea behind social search is to look behind what different Facebook users are doing, then you have to make sure you don’t have fake accounts to influence that,” he said.

The ubiquity of Facebook, some users say, compels them to be a little bit fake. Colleen Callahan, who is 25, is among them. She was a senior in college when she started getting slightly nervous about the pictures that a prospective employer might find on Facebook. Like the pages of most of her college friends, she said, hers had a preponderance of party pictures.

“It would be O.K. if people saw it, but I didn’t want people to interpret it differently,” she said. So Ms. Callahan tweaked her profile. She became Colleen Skisalot. (“I am a big skier,” she explained.)

The name stuck. She still hasn’t changed it, though she is no longer afraid of what prospective employers might think. She has a job — with an advertising agency in Boston, some of whose clients, it turns out, advertise on Facebook. (
READ MORE - Facebook’s False Faces Undermine Its Credibility

Facebook shares dive as deadline for insider sales nears

Facebook shares dive as deadline for insider sales nears - Facebook shares crumbled again on Thursday, sending the once-feverishly sought-after name below $20 for the first time as investors scrambled to get out of the way of a potential share deluge in coming weeks.

Thursday marked a five-day losing streak for the stock. Facebook has shed almost $50 billion in value since its debut -- more than the total valuation of Hewlett-Packard Co or Starbucks Corp. The stock debuted at $38 and has headed south since, pummeled by growing doubts about its lofty valuation, growth prospects, high-profile departures.


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Pedestrians walk near the NASDAQ Marketsite at the start of the listing for Facebook in New York May 18, 2012. REUTERS/Keith Bedford


Now, investors are struggling to understand the impact of the expiry on August 16 of a lockup period on insiders' sales. That's when the first restrictions barring employees and early investors from selling goes away, opening a spigot to roughly 1.88 billion additional shares for trading by year's end.

Some investors said the stock's downward slide may actually lessen the deadline's impact as insiders opt to wait. But at the very least, doubts about Facebook's business permeating Wall Street will keep the shares constrained for some time.

"Just because the lock-ups expire doesn't mean people are going to rush to the exits," said Topeka Capital Markets analyst Anthony Victor. But he saw little upside in the near term.

Predicting whether Facebook insiders will sell their shares, even as the stock plumbs new lows, is a tricky. Most Facebook employees have restricted stock units -- considered a major draw in fast-growing Web powers' drive to attract top-flight talent -- but are given years to sell them.

Unlike options which become worthless if a company's stock price falls below an option holder's "strike price," restricted stock units always provide a profit to the employee they were granted to - it just diminishes as the price declines.

Many Silicon Valley employees count on big paydays when their company goes public: it could mean the chance to pay off hefty college loans, or a down-payment on a first home.

One Facebook employee expects to sell a smaller portion of his stake in the company than he otherwise would have, given the drop in the stock price.

"I will definitely take some. But my debate is how much," said the employee, who asked to remain anonymous.

DAYS OF THUNDER

Lock-up expirations in Internet stocks have a painful history for investors. Groupon Inc's stock fell 9 percent on the first day that some company insiders were allowed to sell shares, while social game maker Zynga Inc saw its shares tumble 8 percent on the day its initial insider lock-up expired.

Facebook's first tier of restrictions goes away on August 16, when about 271 million shares will be available for trading, with another 243 million shares set to become available between mid-October and mid-November.

But the big day is November 14, when more than 1.2 billion shares will suddenly be available for trading.

The Facebook employee noted that a lot could change before his lock-up expires in November.

"Everyone who is in a position where they have some ability to sell, is thinking about what their strategy is," he said.

The imminent lock-up expiration also means Wall Street analysts who participated in the Facebook IPO will once again go quiet, for a 30-day period, potentially creating more uncertainty in a stock that has experienced one of the rockiest market debuts in memory.

Of the 36 Wall Street analysts covering Facebook, 20 belong to firms that were involved in the IPO.

Complicating the picture are legions of investors who snapped up shares of Facebook in the private, secondary-markets prior to the IPO, and are subject to the selling restrictions.

"Virtually anyone who bought their shares in the last year-and-a-half in the private markets, is major-league underwater," said Greencrest Capital analyst Max Wolff, who said the majority of trades in the 9-month run-up to the IPO were at prices between $25 and $32 a share.

As a result, the stampede to sell might not be as big as some fear if the stock if is still trading near Wednesday's closing price of $20.88 when the lock-up expires, Wolff said. But he noted that it might also create a "wall of resistance" that prevents Facebook shares from rising above the low $30-range, as investors pounce on the first opportunity that arises to get out unscathed.

THE OTHER INSIDERS

Exactly how many such secondary-market Facebook shareholders are out there is unclear, but there are signs that the number is not insignificant.

Sharespost, which arranges trading in private company stock, said $425 million worth of Facebook shares changed hands on its service roughly two years ahead of the IPO. SecondMarket handled 689 Facebook transactions during nearly four years ahead of the IPO, with the average transaction involving roughly 455,000 shares, according to data provided by the company.

Since then, Facebook -- the first U.S. company to debut with a market valuation above $100 billion -- has fallen out of favor on Wall Street due to worries about slowing revenue growth.

In the second quarter, Facebook reported revenue growth of 32 percent, down sharply from more than 100 percent growth it delivered at the same time last year.

Pat Adams, the portfolio manager at Dunham Loss Averse Equity Income, expects that many investors will waste little time dumping a stock that has not lived up to the hype.

"It's a different story than what everybody thought it was. People thought it was this growth momentum play and it's not," said Adams, who does not currently have a position in Facebook.

"If the stock is down and the fundamentals are good and getting better, you buy more. But if the fundamentals are bad, you puke it out."

Not all are down on the company. For some, 955 million users represent a huge money-making opportunity that Facebook is only beginning to tap. Another Facebook insider said he had no plans to sell if the stock remained in the low $20 range.

"If it gets to the IPO price I might think of taking some off the table," he conceded.

Kevin Landis, Chief Investment Officer of Firsthand Funds, which purchased Facebook stock in the private market for $31.50 a share, said that he's in no rush to sell when his lock-up expires in November.

But trying to guess if other early investors will act similarly is a dangerous game, he says.

"This is like me trying to predict who's going to win the World Series this year. I can make a good argument, but that doesn't mean you're going to make money on it." ( Reuters )
READ MORE - Facebook shares dive as deadline for insider sales nears

Is photo-sharing website Pinterest the next Facebook or Twitter?

Is photo-sharing website Pinterest the next Facebook or Twitter? - Not a week goes by without a new website being proclaimed as 'the new Facebook' or 'the next Twitter', but photo-sharing network Pinterest could have genuine staying power - as long as some copyright concerns don't scupper its popularity. Metro wades through tonnes of images of knitwear and cupcakes to find out what it's all about.

‘What really matters is what you like, not what you are like.’ It may sound like the mantra of today’s social networking generation but it’s really a quote from a novel written in the dark ages… 1995.

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Nick Hornby’s High Fidelity has proved highly prophetic when it comes to internet habits, both in our love of making online lists and our desire to tell the world what we like.

These two trends are encapsulated in the latest website generating a buzz – Pinterest.

As its name suggests, Pinterest.com is an online and social pinboard that allows users to grab their favourite photos and share them with followers. If the site was a song, it would be My Favourite Things from The Sound Of Music – and, like the song, ‘whiskers on kittens’ and ‘crisp apple strudel’ feature heavily.

If there’s one thing you can be sure of on Pinterest, it is pictures of cats and desserts.

Pinterest is quite simple. Users ‘pin’ a picture of something they like to their page. This can be done by adding a ‘pin it’ button to your favourites bar. These pins are then grouped into themed boards. To register on the site, you must be invited by either a friend or sending a request directly to Pinterest.

Users must also link their Facebook or Twitter account to Pinterest.

Metro Pintrest
Metro's own Andy Blackmore shares a bowl with Jack the dog on it with his pals

The first encounter with Pinterest can be quite daunting. Its constantly evolving homepage bombards you with images of shoes, interior design and Ryan Gosling.

It is no surprise to learn, then, that most of its users are American women. In Britain, however, that trend is not replicated, with more than half of Pinterest users here men.

Katherine Hannaford, editor of tech website Gizmodo UK, said: ‘In under a year, Pinterest has amassed around 12million users, most of which appear to be cash-rich and click-hungry women.’

Brands love it, too. Mecca Ibrahim, head of social media at Great British Chefs, said Pinterest has been a healthy source of new traffic for the company.

‘It works very effectively for us as people not only love looking at attractive photographs of food but are also keen to find out how to make them, so they will click on the pictures and not just share them,’ she said.

The site was started two years ago by Yale University graduates Ben Silbermann and Paul Sciarra and their friend, designer Evan Sharp. It is also based in California’s Palo Alto – the hub of web activity. An account in the name of Mr Silbermann’s mother, Jane Wang, is the site’s most popular, with 2.5million followers.

There is even an account in the name of Mark Zuckerberg, which may indicate the Facebook founder is keeping a close eye on the competition.

Like Facebook, however, Pinterest has attracted concern over the question of ownership.

Pinterest photo-sharing website
Pinterest allows users to share pictures of the things they love with others (Picture: Pintrest)

Bloggers have been expressed fears that if a user owns a picture, they are effectively handing it over to Pinterest if they pin it on the site.

On top of that, there is concern that many Pinterest users could be breaking copyright law by sharing images they don’t own.

Pinterest has allowed websites to block their picture content by adding a line of code and it also has a notification system to allow copyright holders to request the removal of content.

But Andrew Murray, professor of law at the London School of Economics, worries that the differences between British and American copyright law (Pinterest references the latter) could result in users here being sued for pinning an image without the copyright holder’s permission. ‘Pinterest is acting at the margins of copyright legality,’ he said.

‘They have carefully crafted their copyright policy and terms and conditions to protect themselves from copyright infringement claims.

‘Legally, Pinterest seems to comply with US copyright law – and also UK law, incidentally – by operating a notice and takedown approach.

‘But, morally, it is a lot greyer, especially when they place all liability for infringement claims on the members’ shoulders though their indemnity.

‘It seems to me that Pinterest encourages members to post material without thinking of the copyright implications, monetises this content, and then takes little to no responsibility should copyright holders take action.’

Pinterest has remained fairly tight-lipped about copyright – even refusing to comment for this article – but Mr Silbermann recently insisted the company is not indifferent to the issue.

David Emm, senior security researcher at Kaspersky Lab, said: ‘The obvious issue is who owns the content? It’s essential before you start posting any data in any social network that you read the small print and find out what the provider might do with any content you share.’

Pinterest has also been criticised for generating income by modifying links to products on commercial websites.

‘At the moment, it’s tough seeing how Pinterest is making money or ever intends on making money in the future,’ Ms Hannaford continued.

‘Pinterest provides a novel way to pass the hours – though long-time Tumblr-using people may argue they have a better platform for that so it’s unlikely we’re looking at the next Facebook or even the next big thing.’

A rival site, Fancy, last week started allowing users to post pictures of their favourite items before buying them directly through the site. With 250,000 registered users, Fancy is not as popular as Pinterest but it has a head start on monetising its potential. ( metro.co.uk )

The big question is, how will Pinterest follow suit?
READ MORE - Is photo-sharing website Pinterest the next Facebook or Twitter?

Facebook teams with Time Warner to fight bullies

Facebook teams with Time Warner to fight bullies — Facebook and Time Warner are ganging up on bullies to address a problem that torments millions of children and young adults.

The partnership announced Tuesday calls for Facebook and Time Warner to use their clout to raise awareness about bullying and encourage more people to report the abuses when they see them.

Facebook's participation reflects a growing recognition that its online social network consisting of more than 750 million people has become an outlet for harassment as well as friendship.

"We believe that by working together with parents and teachers, we can teach young people to speak up and stop bullying," said Sheryl Sandberg, Facebook's chief operating officer.


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The anti-bullying campaign will be waged on the Internet, on TV and radio and several major U.S. magazines. It's being billed as "Stop Bullying: Speak Up," a theme that Time Warner's Cartoon Network has been trumpeting since last year.

Now the message is being extended to Time Warner's CNN on TV and in three of its magazines, People, Time and Sports Illustrated. CNN's Anderson Cooper will host a town hall focused on bullying in October while the magazines will all delve into the topic during the same month.

By the time most kids return to school later this summer, Facebook plans to release a new application that will broadcast a user's pledge to stop bullies. Facebook already introduced a feature to make it easier to report online bullies, or "cyber" bullies, four months ago as part of a White House conference that President Barack Obama held on the topic.

The White House estimates that 13 million students, or nearly one-third of the school-age population in the U.S., are targets of bullying. In a 2009 survey by The Associated Press and MTV, half of the people from 14 to 24 years said they had been cyberbullied.

The harassment, ranging from a person's sexual orientation to their fashion tastes, can lead to emotional problems, drug abuse and, in extreme instances, suicide.

Other media outlets catering to young people have also adopted anti-bullying stances. For example, Viacom Inc.'s Nickelodeon television network unveiled a public service campaign advising its target audience of children ages 2 to 14 on how to counter taunting texts, emails and Facebook posts. (
Associated Press )
READ MORE - Facebook teams with Time Warner to fight bullies

Smartphone with a Facebook button makes your wall one click away

Smartphone with a Facebook button makes your wall one click away - Are you a Facebook addict? Do you need to have the sprawling social network and its likes, pokes, and walls at hand every minute of the day? A new smartphone is counting on it. Meet the HTC Status, an aptly-named little phone that will make it easier than ever to update your Facebook status — that is, if you'd like as few clicks as possible separating you from your social networking habit.

The HTC Status — available to AT&T subscribers on June 17 and on pre-sale today — boasts a dedicated button fashioned after the Facebook logo. The little blue button rests below the phone's physical keyboard, set apart to the lower right to make it all that much easier to click in a frantic social frenzy.

Surprisingly, the Status will actually run the newest version of Android out of the box — a rare treat for a mid-range Android smartphone selling for a mere $50 with a new 2-year contract. The phone's HTC Sense software will also feature some tweaks that integrate Facebook more deeply into the overall experience, including a dedicated Facebook chat app.


http://l.yimg.com/bt/api/res/1.2/n6jbyyJkGjWIaE5pg.ibAA--/YXBwaWQ9eW5ld3M7cT04NTt3PTYzMA--/http://media.zenfs.com/en/blogs/technews/th21-630-htc-status-630w.jpg
The HTC Status features a physical button for keeping Facebook close at hand


The Status sports 512MB of RAM, a front and back-facing camera and a 2.3" screen for visualizing all of that socializing.The phone formerly known as the HTC Chacha will be joined by a full touchscreen model at some point in the unspecified future. Assuming you're not worried about your Facebook friends making a mass Googly exodus any time soon, the Status could be the hyper-social phone of your dreams. ( yahoo.com )
READ MORE - Smartphone with a Facebook button makes your wall one click away