With Facebook’s stock market flotation expected to go ahead next week and a company value of between $77 billion and $96 billion being anticipated, the social network is putting the finishing touches to its paperwork.
It’s just filed an amendment to its original registration statement in which it warns that the increasing use of its mobile services may cause a problem.
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Mark Bridge writes:
Facebook is killing off SMS traffic and SMS revenue for mobile networks, according to a new research note from Strand Consult. It says the ‘golden days’ of messaging growth are over as consumers increasingly use Facebook to keep in touch.
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Facebook has announced plans to introduce an ‘App Center’ to its web pages and also to its iOS and Android applications.
It’s designed to encourage the use of mobile apps that link with Facebook.
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A couple of weeks ago Microsoft agreed to acquire around 925 patents and associated patent applications from AOL in a deal worth just over one billion dollars.
Microsoft has now agreed to let Facebook buy a portion of that patent portfolio for $550 million.
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Mark Bridge writes:
At the beginning of last week, Facebook and Instagram were the talk of the mobile industry. Was this billion-dollar deal the sign of another tech bubble? Facebook’s fast track into mobile? Facebook moving to cement its dominance of online photography? You, the jury, decide.
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