GigaomGoogle’s Orkut shuts down today. Farewell to Brazil and India’s former favorite network
The Indian press has penned lengthy goodbye posts to the Google social network America has already forgotten. Read more »
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Facebook (formerly [thefacebook]) is an online social networking service. Its name comes from a colloquialism for the directory given to students at some American universities. Facebook was founded in 2004. The founders had initially limited the website’s membership to Harvard students, but later expanded it to colleges in the Boston area, the Ivy League, and Stanford University. It gradually added support for students at various other universities and later to their high-school students. Facebook now allows anyone who claims to be at least 13 years old worldwide to become a registered user of the website, although proof is not required.
Users create a personal profile, add other users as friends, exchange messages, post status updates and photos, and receive notifications when others update their profiles. Additionally, users may join common-interest user groups, organized by workplace, school or college, or other characteristics, and categorize their friends into lists such as “People From Work” or “Close Friends”. Facebook had over one billion active users as of September 2012 (of which approximately 9% were fake). Facebook held its initial public offering in 2012 and reached a peak market capitalization of $104 billion.
The Indian press has penned lengthy goodbye posts to the Google social network America has already forgotten. Read more »
The police and firefighters that cover your particular neighborhood may be using Nextdoor to warn you about safety concerns. Read more »
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Stripe is starting to rack up payment processing deals with the heavyweights of social media, opening up huge potential for the growth of its credit card transactions business. Read more »
The U.S. firms have reportedly been told they must store Russians’ local data and metadata on Russian soil, and abide by the same restrictions on free speech to which traditional Russian… Read more »
How will the popular new social network maintain its ad-free philosophy if it’s pressured to bring in venture level returns? Read more »