The week that was: Vuvuzela edition
Here is your roundup of all the top stories for the last week. Now, I have to get that buzzing out of my ears:
Facebook:
The first Facebook story is actually from today. Reuters announced that it looks like Facebook did $800MM last year in revenue, and had profits in the tens of millions of dollars. Considering that most of their revenue comes from ads, that means that they served something like 700MM ads last year, or about 2 million per day.
This is big news, because it is not only proof that these online networks can make money, it also shows that Facebook should be around for a while, which is good news for any marketers looking at running a campaign on it. (source)
Also in Facebook news, they finally decided to allow the creator of a page to be removed as an admin. This means that now, agencies can make the page and hand it off, rather than jump through all the current hoops that one has to. (source)
Twitter:
One of the biggest stories of the week was the trouble that twitter has been having recently. The uptime has been really poor as of late, and Twitter knows it. It is due to things like engineering changes, the World Cup, and the NBA Finals. They are working on it, and they fully admit that it is their fault. Look for it to be better in the middle of July, and even better beginning in August, when they change the way that 3rd parties authenticate with Twitter. (source)
Also, their new ads started rolling out. They show up in the “Trends” Section, and are distinguished from the rest with a little “Promoted” tag. The first one was for Toy Story 3 (source)
Other:
In the other news of the week, WordPress released WP3.0, the latest milestone release for the popular blogging software. Included in this release are over 1200 bugfixes, a new menu system, and the merging of the multi-blog and single-blog branches. It is also a recommended update for all users. (source)
Finally, it looks like Amazon has patented social networking. No one really knows whats going on here, but it is a fun patent to read. (source)
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