benfrog writes: "A judge in a Texas appeals court has ruled that an EMT's firing was validfor a post on a colleague's Facebook Wall that he argued he intended only to be seen by his close friends but that was visible to his employer (ruling here, PDF). The EMT essentially argued in a last-ditch legal effort to save his job that his lack of knowledge of Facebook's privacy settings (or lack thereof) should have made his firing over the post invalid. Legal analysis in a blog post here."
benfrog writes: "A just-patched bug in Instragram potentially exposed user's private photographs to strangers. According to a Spanish-languge blog post by security researcher Sebastián Guerrero (English-lanuage security advisory related to his post here), photos and private information were exposed by the bug stemming from the ability to guess and forge approved requests to follow a user. Guerrero illustrated the vulnerability by adding himself to a group of people followed by Facebook founder Mark Zuckerberg."
benfrog writes: "Yahoo and Facebook have resolved their patent dispute. The two companies have struck a deal which brings Yahoo's lawsuit against Facebook to an end and expands their existing ad and content partnership. The two companies confirmed the deal in a press release. No money changed hands."
benfrog writes: "According to a blog posting on the New York Times site, Microsoft tried to sell the perpetual money-losing Bing to Facebook "over a year ago" (the article cites "several people with knowledge of the discussions who didn’t want to be identified talking about internal deliberations"). Steve Ballmer, apparently, was not involved or consulted. Facebook politely declined. Neither Microsoft or Facebook would comment on the rumors."
benfrog writes: "While not spending a billion dollars on Instagram, Facebook acquired Tagtile, a startup whose business model revolves around coupons consumers get (and redeem) by tapping their mobile phones on in-store terminals that emit a sound outside the spectrum of human hearing. FTA: "Facebook's purchase of Tagtile is clearly an attempt to make some money out of its huge mobile footprint," but there are doubts that it will be able to push the terminals into shops."
benfrog writes: According to the Wall Street Journal, Facebook's Board of Directors was all but out of the picture when Mark Zuckerberg struck the $1 billion deal to purchase Instagram, the yet-profitless photo-sharing service. This enforces the fact that Facebook is still essentially a one-man show.