Following a class action, the U.S. federal judge Richard Seeborg ruled that Facebook will pay a total of $20 million to compensate a group of users. Their faces were used without their consent as testimonials of the advertising program “Sponsor stories” in 2011. However, in the end each of the 614,000 users who entered the class action will receive $15 only.
Yahoo! CEO Marissa Mayer announced that the company has reached an agreement to purchase the multimedia social microblogging service Tumblr for $1.1 billion which will be paid all in cash. One of the first questions was about the future of Flickr, the pictures and videos hosting service acquired by Yahoo! in 2005. Well, a few hours later Marissa Mayer announced that the site has been improved and now every user will have a Terabyte of free space.
At Google I/O, a series of Google’s conferences that aim to introduce the news about its services, Google launched a new service Google Play Music All Access, which provides for the selection of music on demand, the new interface of the social network Google+ and other improvements to some of its services.
Almost a year after Facebook’s IPO, that happened in May 2012, the consequences of its debacle are yet to be assessed. Among the reasons for the collapse in the value of the social network’s shares there were technical problems with the Nasdaq platform. Yesterday, the Securities and Exchange Commission (SEC) – the authority which oversees the American Stock Exchange – announced that it approved a $62 million plan to compensate the investors affected by those problems.
