SEC is upset over Netflix CEO’s Facebook post

It seems like just about everyone is on Facebook today. Not only are most of your friends on Facebook, but many CEOs of some the biggest companies in the technology world also routinely use Facebook to give out details. This is exactly what Netflix CEO Reed Hastings did last summer when he gave up some interesting details on Netflix via his Facebook account.

I would imagine most people didn’t think anything about Hastings and his Facebook post, but the SEC has taken issue with it. The SEC sent Reed Hastings a Wells notice. A Wells notice is something the SEC sends to give a company notification that it’s likely to bring some sort of action against the firm.

The hubbub stems from a Facebook post that Hastings made in July when he posted the Netflix users had streamed 1 billion hours of content in June for the first time ever. Not only was that an interesting milestone for the company, but it was big news for shareholders and Netflix’s stock price jumped 6% after the post.

The SEC believes that the number of streaming hours was material information that should have been more formally announced. Hastings has 200,000 subscribers to his Facebook page and says that since he told all 200,000 people, it was a formal announcement and a press release wasn’t required. Hastings also notes that the company had already disclosed in investor letters that it was closing in on 1 billion hours of streaming so the Facebook post wasn’t news. There is no indication at this time of what action, if any, the SEC will take in this case.

[via Business Insider]


SEC is upset over Netflix CEO’s Facebook post is written by Shane McGlaun & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

SlashGear Evening Wrap-Up: December 6, 2012

Welcome to Thursday evening everyone – just one more work day to go and we’ll be at the weekend once again. This afternoon started with a bang, with Spotify holding a press conference to announce a number of things. Perhaps most importantly, the service has 1 million paying subscribers in the US, with 5 million worldwide. The company also launched Spotify Collections and the Spotify Music Graph today, announcing a new web app for all users too. Finally, we found out that Metallica’s full catalog of music has been added to Spotify, so all of you metal fans have a reason to celebrate this evening.


T-Mobile’s CEO announced today that it will have Apple products in the US next year, while we learned that Facebook may buy Microsoft’s Atlus ad program. Crysis 3 will be launching in North America on February 19 and in Europe later that week, so if you need to upgrade any of your PC hardware, do it before then. The Archos GamePad launched in Europe today, but it won’t be arriving in the US until 2013, and NVIDIA has launched GeForce Experience, which can automatically optimize your graphics settings.

Samsung has maintained its number one position in the Chinese smartphone market with Apple falling to number six, and the makers of MediaMonkey have launched a new Android app beta. Google is funding drones to watch over endangered animals in Africa and Asia, while we learned some new information about drones here in the US today. YouTube will be rolling out a new layout tonight, T-Mobile announced that it will be ending subsidies on phones next year, and new content has been added to the Humble THQ Bundle.

Finally tonight, we have a number of original articles for you to read. Chris Burns has reviews of the both the 10terra iPhone 5 case and the iRecycle app for iOS and Android. He also examines Google’s stock issues with the incredibly popular Nexus 4. That does it for tonight’s Evening Wrap-Up, we hope you enjoy the rest of your night everyone!


SlashGear Evening Wrap-Up: December 6, 2012 is written by Eric Abent & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Facebook may buy Microsoft’s Atlas ad platform

It’s no secret that Facebook wants to expand its advertising prowess, but according to anonymous sources, Facebook is currently in talks with Microsoft to purchase their Atlas advertisement platform. If true, and if they do end up making a deal, it would put Facebook one step closer to launching an ad network that could rival Google’s AdSense.

According to AllThingsD, sources are saying that Facebook is interested in purchasing Microsoft’s Atlas Solutions advertising platform, and are wanting to launch advertisements of their own, which could be used as a competitor to Google‘s DoubleClick and AdSense. Essentially, Facebook could use Atlas to display its own ads on third-party websites, giving the social network yet another revenue stream.

Not too long ago, we told you about how Facebook is planning to share your Facebook activities and habits with other websites in order to serve you targeted adds on these website. Facebook’s acquisition of Atlas may have something to do with these plans, although it seemed like Facebook wanted to build their own in-house network, but it’s possible that they decided that buying an ad network would be the easiest option.

However, even if it turns out to be true that the two companies are in talks, there’s obviously no guarantee that an agreement will be met, and the whole deal could simply just fizzle. However, if the deal does end up going through, changes at Facebook will be imminent, and it could completely change the way advertising is done online forever.

[via AllThingsD]


Facebook may buy Microsoft’s Atlas ad platform is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Facebook for BlackBerry v3.3 now integrates BBM

Facebook for BlackBerry v33 now integrates BBM

It’s a red letter day for BlackBerry-owning Facebookers, as version 3.3 of the platform’s native app has arrived. BBM has been woven deep into the update, enabling you to initiate chats and find friends using your pin contacts. Of course, if you do that, you might find yourself friending too many people who share the minutiae of their lives — so the Zuck has also added easy un-friending to the mix as well. You can snag the update from the BlackBerry App World, which we’ve thoughtfully added for you down at the source link.

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Source: Inside BlackBerry, BlackBerry App World

Facebook for BlackBerry updated with new look, features

RIM has updated the Facebook for BlackBerry app to version 3.3, which includes a new look and a variety of new features. The changes are designed to improve the use of Facebook on BlackBerry devices while allowing users to more seamlessly blend the social network with BBM. The app is available now from BlackBerry World.

First up is BlackBerry Messenger integration, which allows users to find their Messenger friends and initiate a chat via Facebook. If you’re keen to find out which Facebook friends are also using BlackBerry Messenger, you can share your PIN via your Facebook wall. Users can then invite BBM-using friends on their Facebook to join them on BlackBerry Messenger.

Unfriending Facebook friends is easier now, as well, with the new app version allowing users to unfriend via Facebook for BlackBerry. Overall, this combination of new features and BlackBerry Messenger integration allows BB users to combine the best of both worlds, maximizing their BlackBerry Messenger and Facebook accounts while merging the best features from both together.

As for the new look, you’ll find revamped icons and other goodies. Version 3.3 of Facebook for BlackBerry allows users to view images faster and at a higher resolution than previously supported. BB users can toggle between full-size and thumbnail views of photos, and can now download them to the BlackBerry handset for later use.

[via BlackBerry]


Facebook for BlackBerry updated with new look, features is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

If Tech Companies Made Holiday Party Invitations, They Would Look Like This

Our friends at Wired had a fun and clever idea: what would the holiday party invitations of tech companies look like? They dreamt up some scenarios and poked fun of all the tendencies of the companies. It’s hilarious. The Facebook party will have your mom coming! The Twitter hashtagged holiday party won’t show Instagram friends coming. And of course the Samsung party invite looks exactly like Apple’s. But my favorite? RIM’s. Check out all the funnyman invitations here. [Wired] More »

The Future of Texting Is a Mess

SMS messaging turned 20 years old yesterday, and feels even older. It’s decrepit, though, wildly overpriced, and too limited to be our long-term texting solution. More »

SlashGear Morning Wrap-up: December 4, 2012

This morning we’re seeing the Nexus re-approach in the form of a Nexus 7 subsidized by a newspaper as well as a fresh Nexus 4 stock for the UK. The AT&T Samsung Galaxy S III will be getting Android 4.1 Jelly Bean this week via Kies – see how right this minute! Grand Theft Auto: Vice City for Android and iOS has been teased once more, with full-on screenshots for your chomping-on.

Microsoft is bringing on another Xbox 360 packaging, this time fully prepared for the holidays with Training on its mind. Apple has once again filed a patent application for wireless iPhone charging. The Amazon Lovefilm service has been launched for Nintendo Wii.

Facebook Messanger has been re-released without need for Facebook – allowing you to register with just your name and cell-phone number. Meanwhile Facebook has been working with a Sponsored Stories settlement offer, this being found to have “no obvious deficiencies” by a judge this week. Facebook Messenger has also been released for Firefox believe it or not.

Don’t forget your Sean John video sweater for that perfect Christmas gift. Velocity Micro has revealed a brand new Edge AIO computer for the future of touch on your desktop. The folks at Nokia have sold their Espoo, Finland headquarters this week, but are now renting it back – imagine that! Don’t forget to check out our Verizon iPad mini 4G review as well!


SlashGear Morning Wrap-up: December 4, 2012 is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Facebook Messenger for Android pares registration to name & number

Facebook Messenger for Android has been updated, removing the requirement that users have a Facebook account, and instead allowing them to sign up with nothing more than a cellphone number and name. The new feature will go live in India, Indonesia, Australia, Venezuela, and South Africa today, with other countries to follow shortly after.

The change in policy means that those wary of over-sharing with a full Facebook account now need not be out of contact with those friends and family with fewer qualms about the service. It also pits Facebook directly against SMS messaging, attempting to follow other rival services such as iMessage on iOS in undercutting carrier text messaging charges by using cheaper data instead.

It’s unclear when Facebook might follow the Android app update with a similar registration option for the iOS app, though users of the iPhone version can communicate with those who have logged in with their mobile number. The updated Android app also supports group conversations and photo sharing.

The new software comes hot on the heels of a Facebook Messenger for Firefox app, which takes advantage of the Firefox Social API built into the latest version of the browser. However, it also demands a full Facebook registration, rather than the pared-back membership of the new Android app.

You can download Facebook Messenger for Android from the Play store, though at time of writing the new version has not been released.


Facebook Messenger for Android pares registration to name & number is written by Chris Davies & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Judge finds “no obvious deficiencies” in Facebook Sponsored Stories settlement offer

Social network Facebook found itself at the heart of a lawsuit having to do with its Sponsored Stories advertisements. Facebook was sued by users of the social network after their names were used in Sponsored Stories advertisements without their express permission. This week a federal judge has given preliminary approval to a negotiated settlement for the class-action suit.

The suit will see Facebook set aside $20 million to provide a cash payment of up to $10 to each Facebook user who objected to their name being used in the Sponsored Stories advertisement campaign. Facebook has also agreed as part of the settlement to create user controls allowing people to opt out of the program. US District Judge Richard Seeborg ruled on the settlement yesterday.

Seeborg stated that the settlement meets the requirements for preliminary approval and added in a written order that the settlement offer “has no obvious deficiencies” and “appears to be the product of serious [negotiations]” between attorneys for Facebook and Facebook users. Both sides of the case have told the judge that they feel the settlement is fair.

However, attorneys for the Center for Public Interest Law aren’t happy with the settlement. These attorneys have argued that Facebook should be required to obtain consent from parents before using the name or photo of any Facebook user under 18 in Sponsored Stories advertisements. Center for Public Interest Law attorney Robert Fellmeth says that he will object to the settlement and promised to take the case to appellate court if the settlement is granted final approval.

[via Mercury News]


Judge finds “no obvious deficiencies” in Facebook Sponsored Stories settlement offer is written by Shane McGlaun & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.