Sam Lessin, the vice president of product management of Facebook Inc (NASDAQ FB) announced his resignation in a post on the company’s website yesterday. According to him, he will step down from his position effective August 29. Lessin didn’t have immediate plans for his next move for his career, but intends to help his wife’s online publication and spend some time-off kite surfing and skiing. … Continue reading Stock in Focus: Product Management VP of Facebook (NASDAQ FB) Resigns

Facebook Inc (NASDAQ FB) seems to be in trouble in Malaysia. The country’s Communication and Multimedia Minister Datuk Seri Ahmad Shabery Cheek said that the government was studying a proposal to block Facebook. The move comes amid a rising number of abuses reported on the world’s largest social networking platform. Shabery’s announcement came after a Facebook user posted a doctored photo that insulted Malaysian king … Continue reading Stock in News: Facebook Inc (NASDAQ FB) in Trouble in Malaysia

Facebook Inc (NASDAQ FB) has successfully reduced the crash rate on iOS by 50% after identifying the long-term bugs, which were the root-cause. The social networking site is focussing on the mobile platform more than ever as half of its total traffic comes from it. The company wants to ensure that the main app is not bugged like before for its users. The New York-based … Continue reading Facebook (NASDAQ FB) Significantly Reduces Crash Rate on iOS

A 26 year old law student from Austria has convinced Facebook Inc (NASDAQ FB) users to unite in a lawsuit against the Irish subsidiary of the social media giant, which is responsible for all accounts outside the U.S. and Canada. Data privacy campaigner Max Schrems has signed up 25,000 users for a class action lawsuit The action accuses Facebook Ireland of violating European privacy law, … Continue reading Facebook Inc (NASDAQ FB) Now Face A Class Action Lawsuit