Facebook Plans News Feed Redesign Event

Facebook plans to hold an event to unveil a new look for its News Feed product, the company said on Friday in a series of emailed invitations to the press. The event will be held on March 7 at Facebook’s Menlo Park, Calif., headquarters. This is the second major event the company has hosted at its home base this year, after introducing its Graph Search product in January.

Apple claimed that it was hit by same hackers which targeted Facebook- A new protection software is going to be released

Apple claimed that they have been targeted by the same group of hackers which has attacked Facebook in an attempt to break its network security. Apple further shared that only small numbers of Mac employees have been affected by this attempt, yet there is no evidence that any data is left. This report is shared by Reuters’ analysts and they have further added that Apple will be releasing software for preventing the customers from such attacks.

Apple’s sharing of report against hacker’s attack is followed by Facebook complained done on last Friday. Facebook also claimed in their report that none of their users’ data is being compromised in this attempt to demolish security.

Apple has therefore started working with the law enforcement agencies to figure out the actual source of hacking and as well they have introduced their software tool to protect users of Macs against malware employed by unidentified assailant.

Both Apple and Facebook has shared their report to assure the users that they are making every possible step in order to secure the data of the users and to warn the hackers that they are moving ahead in data security issue. Also this data breach sharing is done to ensure transparency from the companies facing threats from the cyber security.

Apple however has claimed that this type of security breaches rarely occurs in their company. Company has reported such type of breach in which 400 iTunes accounts were hacked in 2010. The adopted preemptive move has indicated that company is being dealing with different level of security issues. The good news is, data of both companies is not leaked and thus the both tech giants are considering resources to track the culprits.

Related posts:

1. Facebook never got big user data breach and if it happens, they won’t be able to recover
2. The European activist group is planning to fight against Facebook in Ireland
3. Fix for the iOS 6.1 Microsoft Exchange bug will be released by Apple

Jon Stewart Solves Vine’s Porn Problem

Remember Vine? Remember the Great Vine Porn Problem of Late January? Well, if it’s still bothering you, Jon Stewart has some advice. (Spoiler: It involves getting some perspective.)

What’s that? You have so much time that you’d like to watch the entire clip? No problem (unless you live outside the U.S. or are watching this on certain mobile devices):

Mark Zuckerberg Wins “CEO Of The Year” At The 6th Annual Crunchies

He navigated the company that he founded in his college dorm room to a $104 million IPO, the biggest in the history of tech companies; then led it past one billion active users; and now he’s been named the CEO of the year at the 6th annual Crunchies: a big congratulations to Mark Zuckerberg, CEO of Facebook.

The award was presented earlier this evening at the Davies Symphony Hall by Mike Arrington of CrunchFund and AOL CEO Tim Armstrong, before a sellout audience of 2,500, and an online audience of thousands more. Larry Page of Google was named the runner-up and the other nominees on the shortlist were Dick Costolo of Twitter, Phil Libin on Evernote and Marissa Mayer of Yahoo. A pretty strong list of tough competition.

Not to put too fine a point on it, but Zuckerberg is nothing short of a tech icon. Facebook, as conceived of and led by him, has transformed how we as a culture share information about ourselves and the world.

As the site has grown, it has also taken that central premise into new dimensions — namely through the social graph and the Graph API that interlinks with so many of the services we like to use online and on mobile devices today. The growth of the company has come with a firm commitment to hacking and trying out new things all the time, which keeps things interesting.

But it has not always been plain sailing for Zuckerberg: with the IPO and subsequent life as a public company, has come increased focus on how Facebook makes money.

That’s a two-fold question: are its business models sustainable, and are its users always going to be cool with how their data gets used? (Some people, especially in Europe, are already complaining. A lot.) But even in this regard, you cannot deny that the Facebook juggernaut, as led by Zuck, has opened the door to a new kind of discourse about what it means to be a connected society.

Once again, a massive congratulations to Mark Zuckerberg.

Fusion-io’s Flash Madness Slows Down as Apple and Facebook Trim Orders

Shares of Fusion-io, the company that uses flash memory to enhance servers in data centers, are falling like crazy. Seems forecasts for the coming quarter came in below the aggressive projections of Wall Street analysts.

Having risen more than 3 percent to $20.09 on the New York Stock Exchange today, Fusion’s shares fell by more than 17 percent to $16.79 in after-hours trading after the company said it expects slower revenue growth as major customers Facebook and Apple slowed orders. CFO Dennis Wolf claimed the timing of orders from those two companies slipped by two quarters. Together Facebook and Apple account for 51 percent of Fusion’s business.

I just got off the phone with CEO David Flynn, who told me that having two customers account for so much of its business was always a risk. But? When Fusion first IPO’d in 2011, Apple and Facebook accounted for 70 percent of sales, so it could have been worse. “We knew there was going to be some risk with customer concentration,” he said. “Over time the concentration will work itself out,” Flynn told me.

As yet, no other single customer accounts for more than 10 percent of revenue, and therefore requires disclosure. But five of the 10 customers that bought more than $1 million in Fusion-io products in the last quarter also bought its newer product ioScale. Also, sales in Europe grew 100 percent year on year, while sales in the Asia Pacific region grew 130 percent.

Fusion-io reported per-share earnings of 2 cents in the quarter, versus 7 cents a year ago. Revenue rose more than 40 percent to $120.6 million. The results fell short of analyst expectations, which called for earnings of 8 cents on $120.3 million.

More People Are Using Facebook via Phone For the First Time Ever

It’s time for another quarterly earning, that kooky game wherein companies announce how much cash they’ve raked in, and then investors spank or hail them without much correlation to reality. Now up: Facebook, which has just entered crazy new territory.

For the first time, more people are hitting the site via mobile web or app than are heading to Facebook.com on a real computer. In fact, over 150 million people around the world access Facebook solely through a phone. That’s nuts. FB is a small screen experience, not the network you first toyed iwth in your dorm room. Financially, good and bad news. They beat expectations! Revenue hit $1.59 billion, which is better than what everyone expected. And yet, the stock is tanking, because Wall Street is mentally ill. More people are using The Book than ever before (1.06 billion), more of them are using it on a phone than ever before (680 million every day, up 57% from last year), and yet $FB has dropped 10% in after-hours trading. The Zuck cannot win.

Wall Street Decides It Likes Facebook, Anyway (For Now!)

First look at Facebook Q4 earnings: Revenue of $1.59 billion and earnings of 17 cents per share.

The Street was expecting around $1.52 billion and 15 cents a share. Shares immediately headed down, so presumably investors wanted a bigger beat. They’ve dipped as low as 7 percent. And now, about 25 minutes after the release hit, they’re bouncing around in the negative 4 percent to 5 percent range. (Update: And now they’re back! Maybe the Facebook IR team has magical powers.)

Per usual, not a lot of detail in the press release (full text below), aside from user numbers and a few quick details. The only financial one of note: Mobile accounted for 23 percent of ad revenue, up from approximately 14 percent in Q3. Would have been nice to hear about Facebook Exchange, Sponsored Stories and other elements of the business, but we’ll assume that will come up in the call.

Overall ad revenue of $1.33 billion was up 41 percent year over year; Facebook says that if you factor out currency effects, it would be up 43 percent.

Facebook had 1.06 billion active users at the end of December, which means they generated $1.54 in revenue apiece in the last 3 months of 2012. A year ago that number was $1.38.

There don’t seem to be any particular red flags here; Facebook is growing revenue, and it’s growing mobile revenue, and expenses seem in line. So if you sold today, my best guess is that you wanted to see much more growth.

Maybe Mark Zuckerberg and/or Sheryl Sandberg can win you over during the earnings call. Check back at 5 pm ET, when my colleague Mike Isaac will be covering it live.

Here’s a handy guide from Citi analyst Neil Doshi that should (maybe?) provide some insight into the way investors will react to the numbers (click to enlarge):

Facebook Reports Fourth Quarter and Full Year 2012 Results

MENLO PARK, Calif. – Jan. 30, 2013 – Facebook, Inc. (NASDAQ: FB) today reported financial results for the fourth quarter and full year ended December 31, 2012.

“In 2012, we connected over a billion people and became a mobile company,” said Mark Zuckerberg, Facebook founder and CEO. “We enter 2013 with good momentum and will continue to invest to achieve our mission and become a stronger, more valuable company.”

Fourth Quarter and Full Year 2012 Financial Summary

Fourth Quarter 2012 Operational Highlights

Monthly active users (MAUs) were 1.06 billion as of December 31, 2012, an increase of 25% year-over-year
Daily active users (DAUs) were 618 million on average for December 2012, an increase of 28% year-over-year
Mobile MAUs were 680 million as of December 31, 2012, an increase of 57% year-over-year
Mobile DAUs exceeded web DAUs for the first time in the fourth quarter of 2012

Recent Business Highlights

Mobile revenue represented approximately 23% of advertising revenue for the fourth quarter of 2012, up from approximately 14% of advertising revenue in the third quarter of 2012
Facebook launched Graph Search Beta, a structured search tool that enables users for the first time to find people, places, photos and other content that has been shared on Facebook
Launched Facebook for Android 2.0, completely rebuilt to deliver improved stability and faster performance and opened Facebook Messenger to anyone with a telephone number

Fourth Quarter 2012 Financial Highlights

Revenue – Revenue for the fourth quarter totaled $1.585 billion, an increase of 40%, compared with $1.13 billion in the fourth quarter of 2011.
Revenue from advertising was $1.33 billion, representing 84% of total revenue and a 41% increase from the same quarter last year. Excluding the impact of year-over-year changes in foreign exchange rates, advertising revenue would have increased by 43%.
Payments and other fees revenue for the fourth quarter was $256 million. As planned, in the fourth quarter of 2012 the company recognized revenue from four months of Payments transactions for accounting reasons detailed in our Form 10-Q filed on October 24, 2012. Adjusting for the $66 million of revenue in the extra month of December, Payments and other fees revenue would have been essentially flat year-over-year.

Costs and expenses – Fourth quarter costs and expenses were $1.06 billion, an increase of 82% from the fourth quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP costs and expenses were $849 million, an increase of 67%.

Income from operations – For the fourth quarter, GAAP income from operations was $523 million, compared to income from operations of $548 million for the fourth quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP income from operations for the fourth quarter was $736 million, compared to $624 million for the fourth quarter of 2011.

Operating margin – GAAP operating margin was 33% for the fourth quarter, compared to 48% for the fourth quarter of 2011. Excluding share-based compensation and related payroll tax expenses, non-GAAP operating margin was 46% for the fourth quarter, compared to 55% for the fourth quarter of 2011.

Income tax provision – The GAAP income tax provision for the fourth quarter was $441 million, representing an 87% effective tax rate. Excluding share-based compensation expense and related payroll tax expenses, the non-GAAP effective tax rate would have been approximately 41%.

Net income – GAAP net income for the fourth quarter was $64 million, compared to net income of $302 million for the fourth quarter of 2011. GAAP EPS for the fourth quarter was $0.03, compared to $0.14 for the same quarter in the prior year. Excluding share-based compensation and related payroll tax expenses, and income tax adjustments, non-GAAP net income for the fourth quarter was $426 million, or $0.17 per share, compared to $360 million and $0.15 per share for the same quarter in the prior year.

Capital expenditures – Purchases of property and equipment for the fourth quarter were $198 million. Additionally, $89 million of equipment was procured or financed through capital leases during the fourth quarter of 2012.

Cash and marketable securities – As of December 31, 2012, cash and marketable securities were $9.63 billion.

How Facebook Can and Will Kill the Traditional Telephone

As the founder of a startup, I am probably the last person you’d expect to tell you that scale matters. And to be sure, there’s plenty of innovation coming from small, nimble companies that nonetheless are able to disrupt huge markets. However, with Facebook’s recent addition of voice calling to its Messenger app, the company is poised to demonstrate to the mobile industry the benefits – and power – of scale, first hand. And in what can only be described as the perfect murder, Facebook is now in a position to effectively kill the traditional telephone, starting with the phone number. The implementation of Facebook’s voice features are straightforward yet unique: You make a call by tapping a name, not a number, a username, or any other type of identifier. You’re calling a social connection. That in itself is not shocking, but Facebook can go even further.

Read the full story at Giga OM.