Facebook

A new study from New York securities firm NYPPEX estimates Facebook’s enterprise value is now much higher than Yahoo and EBay, at $41.2 billion and significantly higher than other fast growing startups like LinkedIn, Twitter, Zynga, and Groupon. Facebook’s value has shot up 56 percent since the middle of 2010. None of the startups mentioned above have gone public but many let their employees sell shares in private markets as an incentive for their valued staff members. The private markets let investors buy a piece of a company early on but it is difficult to determine what the price of a share should be. ...

Thousands of Facebook users have been hit by a scam which claims to give them early access to a facebook.com email address. Messages, appearing in the news feed of users who have fallen for the scam, read: Just got my own email @facebook.com! Quickly get one before someone takes your name [LINK] However, clicking on the links leads you to a webpage which tricks you into giving a third party application permission to post to your Facebook wall. ...

Mashable: Facebook is known for its hackathons — all-night coding sessions designed to help create new products or improve others. Now the company has announced its first Hacker Cup. Facebook says it’s “bring[ing] engineers from around the world together to compete in a multi-round programming competition.” The Hacker Cup is very similar to Google’s popular Google Code Jam. Contestants will be challenged with solving algorithmic-based problem statements. Those who successfully solve the problems in the allotted period of time will advance to the next round. ...

Avira TechBlog: Facebook offers a “new profile” feature that many users adopt very fast. It is possible to mark the best friends and family and show them more prominently with their pictures. Also, it accumulates information like the uers’ work places, where they are living and so on. Even projects and co-workers can be shown now. This may be a useful addition for many users. But it should be used with care; in the end, this feature gives Facebook a deeper insight and more valuable data. Before marking family members, friends and colleagues more prominently in the own profile, users should ask for permission. ...

Though it is primarily known as a social networking site, Facebook is actually one of the top destinations for photo sharing, and a new user profile design change unveiled Monday ups the visibility of Facebook photos and encourages users to share personal information in a more visual way. Two years ago, Facebook came forward with some staggering figures about the photo sharing taking place on its sites, which amounted to between 2-3 Terabytes of photos being updated daily with a peak of 300,000 images per second. Facebook would serve about 15 billion photos, and the storage dedicated just to photography amounted to more than a petabyte. ...

Former U.S. President George W. Bush’s book tour will stop at Facebook’s headquarters in Palo Alto on Monday, with the social networking site announcing a “Facebook Live” event for 5 p.m. ET / 2 p.m. PT. Bush has been making the media rounds over the past several weeks, appearing on The Today Show, Oprah and The Tonight Show among other programs to talk about his memoir “Decision Points.” Like other Facebook Live events, users will have an opportunity to ask Bush questions, though at this point it’s unclear how the event will be moderated or who will be asking users’ questions. ...

CNN – Mashable: Today, users can start connecting with all their favorite social causes in one online sphere, as Facebook co-founder Chris Hughes has launched his much-buzzed-about social network, Jumo. Hughes, who left Facebook in 2007 to become the Obama campaign’s director of online organizing, soft-launched Jumo last March. At that time the site existed merely as a homepage featuring a rather intriguing survey box that asked the site visitor an array of questions from, “If you had a daughter tomorrow, which would you name her?” to “Would you say the world is getting better or worse?” ...

SophosLab: Once again, a rogue application is spreading virally between Facebook users pretending to offer you a way of seeing who has viewed your profile. As we’ve described a couple of times before, plenty of Facebook users would *love* to know who has been checking them out online.. but unfortunately scammers are aware of this, and use the lure of such functionality as a way to trick you into making bad decisions. ...

That’s possibly the most unlikely headline I’ve ever had to write in my computer security career, but never mind.. My guess is that regular readers of the Naked Security site might not be ardent fans of Justin Bieber – but chances are that some of you have young daughters or nieces who can’t get enough of the pint-sized pop hamster. If that’s the case then they might be intrigued by a message that is spreading virally across the Facebook social network claiming to be footage of… and how can I put this delicately? I don’t think I can.. Justin Bieber with an erection. ...

Thousands of Facebook users are warning each other about a Christmas Tree virus said to be spreading in the form of a rogue application on the social network. The only problem with this warning? It’s utterly bogus. Here’s a typical message being shared widely on Facebook: WARNING!!!!!!…..DO NOT USE THE Christmas tree app. on Facebookplease be advised it will crash your computer. Geek squad says its oneof the WORST trojan-viruses there is and it is spreading quickly.Re-post and let your friends know. THANKS PLEASE REPOST! ...