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Facebook, Google and 2 Others Pursued LinkedIn, Before Microsoft Bought It Up

4 Jul

By Anmol Sachdeva, The Tech Portal

There is no hiding the fact that the news of the biggest acquisition of the decade hit everyone square in the face. A couple weeks ago, Microsoft announced that it will be acquiring the professional social network LinkedIn in an all-cash transaction, for $196 per share. But, a lengthy SEC filing released today details that Microsoft wasn’t the only suitor pursuing LinkedIn for an acquisition. (more…)

Peter Thiel Re-Elected to Facebook Board, Zuckerberg’s Hold Gets Tighter

22 Jun

By  Mudit Mohilay, The Tech Portal

And Peter Thiel is staying on with Facebook. At a recent shareholders meet held by the company, Thiel was re-elected one of its board of directors. The move may surprise those who were expecting the social networking website to let go of Thiel after the Gawker fiasco. (more…)

Facebook Launches Improved Tools for Branded Content in Instant Articles

20 Jun

By Vishal Srivastava, The Tech Portal

Facebook is trying to encompass every set of users on its platform. And to do just that, it needs to take care of everybody’s needs — and that includes the publishers too. Thus, Facebook is introducing a slew of new tools to help brands improve Instant Articles. These tools will allow Facebook branded content to appear in a more engaging and less promotional manner. (more…)

Yes Bank Becomes the First Indian Bank to Deploy Facebook at Work

26 May

By  Vishal Srivastava, The Tech Portal

Yes Bank has partnered with Facebook at Work to roll out the platform to all its 15,000+ employees. It is the first Indian bank to implement Facebook at Work for its employees. The platform was launched last year by Facebook as a social network, dedicated to professionals. (more…)

Facebook acquires VR audio platform ‘Two Big Ears’, announces ‘Facebook 360 Spatial Workstation’

25 May

By Mir Juned Hussain, The Tech Portal

In a bid to enhance its virtual reality offering, Facebook announced on Monday that it has acquired spatial audio technology company Two Big Ears. The company also took the opportunity to introduce the free ‘Facebook 360 Spatial Workstation’ which is a revamped version of Two Big Ears’ platform. (more…)

Facebook co-founder Eduardo Saverin’s B Capital fund closes $140M of its $250M Asia fund

21 May

By  Mir Juned Hussain, The Tech Portal

B Capital, a fund founded by Eduardo Saverin — yup, known more popularly as one of the facebook co-founders — and Raj Ganguly, a prominent investor who worked with Saverin on his previous Velos, has announced that it has successfully closed an initial $143.6 million according to US filings. (more…)

Facebook Boasts 10k Bot Developers, Hints At The Imminent Introduction Of Bot Analytics

13 May

By  Anmol Sachdeva, The Tech Portal

Within just a month’s launch of the Facebook Messenger chatbots, about ten thousand developers have already signed up and making bots on the platform. In addition to the 10k developers, about 2500 Shopify merchants have also jumped onto the platform. Shopify sends out order confirmations and shipping information via their Messenger bot. (more…)

Eutelsat and Facebook Choose Hughes JUPITER System For Africa Broadband Initiative

10 May

Eutelsat Communications and Facebook have selected Hughes Network Systems, LLC (Hughes) to supply its JUPITER System as the technology platform for satellite broadband services that both companies are preparing to launch in Sub-Saharan Africa. (more…)

With 1.65 Billion Users And $5.38 Billion In Revenues, Facebook Beats Estimates For Q1’16

29 Apr

By Vishal Srivastaval, The Tech Portal

After a string of disappointing earning calls with Alphabet, Apple, and Twitter — all missing analysts estimates, we finally have an exception — Facebook, amassing 1.65 Billion users and beating analyst revenue estimates by a significant margin. (more…)

Facebook May Launch A Standalone Camera App To Encourage Declining Personal Sharing

27 Apr

By Mudit Mohilay, The Tech Portal

In an attempt to breathe fresh life into world’s single largest gathering of humans online, Facebook Inc. is developing a stand-alone camera app that it hopes, will encourage its users to participate on a more regular and active basis. (more…)