Facebook Announces They Have 901 Million Users

Facebook Announces 901 Million Facebook Users

Facebook Users March 2012

Facebook disclosed on Monday in it’s amended S-1 filing that it has 901 million facebook users as of March 31, 2012, making it very likely that Facebook will pass the 1 billion users mark in the next 6 months.  This is an increase of 33% as compared to 680 million as of March 31, 2011.

Also in Facebook’s amended S-1 filing it states that the Facebook network receives 3.2 billion likes and comments per day and 300 million new photos daily.  Of the 901 million users figure, 526 million Facebook users were described as daily active users in March 2012.  A few other notable mentions from the Facebook amended S-1 Filing are:

  • 488 million people also used Facebook mobile products in March 2012.
  • There were more than 125 billion friend connections on Facebook as of March 31, 2012.

I wonder who will be the 1 billionth user !! I suspect a big celebration is in the works !

Congrats Facebook  and Facebook Users !!!

You can view the entire amended S-1 Filing here.

Facebook Announces Update to Facebook for Android

Facebook for Android 1.9 includes performance improvements as well as shortcuts to share photos and messages faster.

Now you can share photos and messages right from your home screen. Messenger and Camera shortcuts will appear in your app tray after updating your Facebook for Android app.

facebook android app

Android 1.9 also comes with many of the messenger features found in the standalone Messenger app including:

  • Mobile/online status
  • If you have already started a group conversation, you can add people on the fly
  • Your contact list sorted by the people you interact with frequently
facebook android app update

Facebook for Android 1.9 is now available in Android Apps.

facebook android update to facebook app

Microsoft, Facebook Announce AOL Patent Portfolio Agreement

Facebook Microsoft AOL Patent Purchase

Microsoft Corp. and Facebook announced today a definitive agreement under which Microsoft will assign to Facebook the right to purchase a portion of the patent portfolio it recently agreed to acquire from AOL Inc. Facebook has agreed to purchase this portion for $550 million in cash.

In the initial AOL auction, Microsoft secured the ability to own or assign approximately 925 U.S. patents and patent applications plus a license to AOL’s remaining patent portfolio, which contains approximately 300 additional patents that were not for sale.

As a result of today’s agreement, Facebook will obtain ownership of approximately 650 AOL patents and patent applications, plus a license to the AOL patents and applications that Microsoft will purchase and own.

Upon closing of this transaction with Facebook, Microsoft will retain ownership of approximately 275 AOL patents and applications; a license to the approximately 650 AOL patents and applications that will now be owned by Facebook; and a license to approximately 300 patents that AOL did not sell in its auction.

“Today’s agreement with Facebook enables us to recoup over half of our costs while achieving our goals from the AOL auction,” said Brad Smith, executive vice president and general counsel, Microsoft. “As we said earlier this month, we had submitted the winning AOL bid in order to obtain a durable license to the full AOL portfolio and ownership of certain patents that complement our existing portfolio.”

“Today’s agreement with Microsoft represents an important acquisition for Facebook,” said Ted Ullyot, general counsel, Facebook. “This is another significant step in our ongoing process of building an intellectual property portfolio to protect Facebook’s interests over the long term.”

The parties are evaluating the accounting treatment for these transactions. These transactions are also subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

About Facebook

Founded in 2004, Facebook’s mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what’s going on in the world, and to share and express what matters to them.

Facebook® is a registered trademark of Facebook Inc. Other names may be trademarks of their respective owners.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Forward-Looking Statements

Statements in this release about Microsoft that are “forward-looking statements” are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as:

  • execution and competitive risks in transitioning to cloud-based computing;
  • challenges to Microsoft’s business model;
  • intense competition in all of Microsoft’s markets;
  • Microsoft’s continued ability to protect its intellectual property rights;
  • claims that Microsoft has infringed the intellectual property rights of others;
  • the possibility of unauthorized disclosure of significant portions of Microsoft’s source code;
  • actual or perceived security vulnerabilities in Microsoft products that could reduce revenue or lead to liability;
  • improper disclosure of personal data that could result in liability and harm to Microsoft’s reputation;
  • outages and disruptions of services provided to customers directly or through third parties if Microsoft fails to maintain an adequate operations infrastructure;
  • government litigation and regulation affecting how Microsoft designs and markets its products;
  • Microsoft’s ability to attract and retain talented employees;
  • delays in product development and related product release schedules;
  • significant business investments that may not gain customer acceptance and produce offsetting increases in revenue;
  • unfavorable changes in general economic conditions, disruption of our partner networks or sales channels, or the availability of credit that affect demand for Microsoft’s products and services or the value of our investment portfolio;
  • adverse results in legal disputes;
  • unanticipated tax liabilities;
  • quality or supply problems in Microsoft’s consumer hardware or other vertically integrated hardware and software products;
  • impairment of goodwill or amortizable intangible assets causing a charge to earnings;
  • exposure to increased economic and regulatory uncertainties from operating a global business;
  • geopolitical conditions, natural disaster, cyberattack or other catastrophic events disrupting Microsoft’s business; and
  • acquisitions, joint ventures and strategic alliances that adversely affect the business.

For further information regarding risks and uncertainties associated with Microsoft’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Microsoft’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft’s Investor Relations department at (800) 285-7772 or at Microsoft’s Investor Relations website at http://www.microsoft.com/investor.

All information in this release is as of April 23, 2012. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.

Facebook Acquires Internet Startup Tagtile

Facebook on Friday confirmed that it bought a San Francisco startup that helps merchants court shoppers with rewards for checking in with smartphones during visits.

Facebook’s acquisition of Tagtile for an undisclosed sum came on the heels  of a billion-dollar deal to acquire the startup behind wildly popular  smartphone photo sharing application Instagram.   “We’re happy to confirm that Tagtile’s founders are joining Facebook, and  that Facebook is acquiring substantially all of the company’s assets,” the  world’s leading social network said in reply to an AFP inquiry.

“We’ve admired the engineering team’s efforts for some time now.”    Tagtile was created by former VMware engineer Abheek Anand and one-time  Google engineer Soham Mazumdar.   The entrepreneurs created a system that lets customers use iPhones or  Android-powered smartphones to check in at shops and get rewarded with  discounts, coupons or loyalty points.  To check in, customers need only to tap smartphones on small white cubes  that swap information with handsets using sensors.

“We started Tagtile with a simple goal — to help local business owners  build better relationships with their best customers,” the founders said in a  post at the company’s website.    “We are happy to announce that we are joining Facebook,” they continued.   “It is an opportunity for us to take our goal and do it on a much bigger scale  than we could have on our own.”    Facebook has been building its mobile services and capabilities as  lifestyles increasingly revolved around smartphones and tablet computers.

More than 10 million Instagram applications tuned to Apple or  Android-powered gadgets have been downloaded since the acquisition by Facebook  was announced on Monday, raising the total number of users to about 40 million.

Facebook in February filed for a stock offering and could raise as much as  $10 billion in the largest flotation ever by an Internet company on Wall Street.  Facebook — the leading social network in all but six countries, notably  China and Russia — claims more than 845 million users.  Facebook’s value has been estimated at between $75 billion and $100 billion.

Facebook Launches Facebook Groups for Schools

Facebook just announced the launching of Facebook Groups for Schools, which allow people with an active school email address to join groups at their college or university.

See what’s happening on campus
You can join Facebook groups for schools and find a group for your major to discuss classes, for your sorority to plan upcoming events, or for your dorm to share photos.

Groups for Schools
Photo of Wisconsin by Richard Hurd

We are also introducing file sharing for these Facbook groups for schools, to make it even easier to share lecture notes, sports schedules or class assignments.

Groups for Schools

Facebook Groups for Schools will gradually be rolling out to colleges and universities around the world. You can sign up to find out when it will be available at your school. To learn more about how to use Facebook Groups at Schools, visit the Help Center.

Facebook Announces Acquisition of Instagram

Instagram Acquired by Facebook

Facebook Acquires Popular Mobile App Instagram

Facebook announced today that it has reached an agreement to acquire Instagram, a fun, popular photo-sharing app for mobile devices. The total consideration for San Francisco-based Instagram is approximately $1 billion in a combination of cash and shares of Facebook. The transaction, which is subject to customary closing conditions, is expected to close later this quarter.

Mark Zuckerberg, founder and CEO of Facebook, posted about the transaction on his Timeline:

I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.”

Zuckerberg goes on to say in the Facebook Official Statement:

“For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests. We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook. That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.”

“We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.”

“These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram’s experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure.”

“This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.  We’re looking forward to working with the Instagram team and to all of the great new experiences we’re going to be able to build together.”

About Facebook

Founded in 2004, Facebook’s mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what’s going on in the world, and to share and express what matters to them.

Facebook Launches Interest Lists

Lists on Facebook are a great way to organize your friends and focus on the people who matter most. Starting today, you also have interest lists—a whole new way to keep up with stuff you care about and tidy up your experience on Facebook.

Interest lists can help you turn Facebook into your own personalized newspaper, with special sections—or feeds—for topics that matter to you. You can find traditional news sections like Business, Sports and Style or get much more personalized—like Tech News, NBA Players, and Art Critics.

Interest Lists Product Screenshot
Interests feature public figures and Pages related to a particular topic, and are put together by people like you. The top stories from each interest appear in your news feed so you can scan interesting headlines or click through to read more posts.

Interest Lists Product Screenshot

In the coming weeks, you’ll see the Add Interests link in your left-hand bookmarks. When you do, you can subscribe to lists on almost any topic. For example:

  • If you love football, subscribe to the NFL Teams interest list for a gridiron-focused feed. No need to check on each team in the NFL, your favorite athletes’ profiles, and ESPN.
  • If you’re into politics, subscribe to the 2012 US Presidential Candidates interest list to see updates from all the campaigns, or get posts from major newsoutlets like CNN, Fox, MSNBC, and the Wall Street Journal.

Don’t see a list for one of your interests? Make your own lists to organize your favorite content or help others discover new topics. Just go to the Interests page, and click Create List. Choose to let others subscribe to your new list, or keep it private.