Facebook Stock (NASDAQ:FB) : Impact of Slingshot Launch and New iPad App on Facebook Financial News

Facebook wants to break the “1% Rule” of Internet culture that says a tiny fraction of users create the content for everyone else. So after a momentary leak last week, today Facebook officially launches Slingshot for iOS and Android in the US, an app where friends send you photos and videos, but you have to reply with your own before you can see them. “Slingshot” has all the same basic functions as “Snapchat,” but with a few minor tweaks here and there. Everyone is a creator and no one is a spectator”, says Product Manager Will Reuben, and that makes it different from Snapchat

Facebook Paper’s New Trending Section Makes It A Better Real-Time News Reader

Facebook Paper is pretty, but sluggish when it comes to news. It’s human curated sections take awhile to ingest the latest world events. But today it added a “Trending” section that highlights news stories and photos that capture the essence of most mentioned topics on Facebook. The update also lets you tap any hashtag to see a Paper-style cards of public and friends’ mentions. Paper also got a long list of other updates that Facebook says are a bunch of features you’ve asked us for”. Facebook’s IPad App Becomes An Entertainment Hub With New Games And Trending Videos Sidebar.

Facebook Targets Gamers With New iPad-Only Update

Facebook introduces a new feature specific to iPad: a right hand sidebar dedicated to trending topics, gaming, and overall discovery within the app. Over 70 percent of people who use Facebook for iPad played a Facebook-connected game in the past 90 days, so the company is helping them discover or re-engage with games through a new home page sidebar it starts testing today on its iPad app. It includes social notifications for native mobile and Facebook web games you already play, video trailers for games you don’t plus Trending videos popular with your demographic.

Alibaba Gives Details Ahead Of IPO Bigger than Facebook

Alibaba is pulling back the curtain a little bit, providing more information about its partnership structure and financials ahead of its planned initial public offering of stock. China’s biggest e-commerce company filed in May for an initial public offering in the U.S. that could top the $16 billion that Facebook and its early investors raised in the social networking company’s IPO two years ago.

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