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Facebook Users Question $20 Million Settlement Over Ads

Mon, 13 May 2013 19:14:00 +0000

A San Francisco judge will decide this month whether to approve a settlement in a class-action lawsuit that could affect more than 70 million Facebook users. The $20 million deal would mark the end of a years-long battle over the social network's "Sponsored Stories" advertising.

But Facebook users' images could still appear in ads if they don't change their settings.

Wal-Mart Reclaims No. 1 Spot On Fortune 500 List

Mon, 06 May 2013 15:20:00 +0000

Wal-Mart has reclaimed the lead spot on the Fortune 500 list released today. For the past few years, the giant retailer has been battling it out with Exxon for top billing.

This year, Exxon Mobil dropped to No. 2.

Fortune writes about Wal-Mart:

"For fiscal year 2012, sales rose 5.9%, to $443.9 billion.

Facebook Releases Quarterly Earnings Report

Thu, 02 May 2013 08:41:00 +0000

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with profits for Facebook.

(SOUNDBITE OF MUSIC)

MONTAGNE: Facebook announced its latest quarterly results, reporting revenues just under $1.5 billion.

DAVID GREENE, HOST:

The company showed a profit of nearly $220 million for the quarter but this fell short of analysts' expectations. CEO Mark Zuckerberg blamed the missed target on higher costs.

Facebook Phone Is 'A Family Of Apps,' Zuckerberg Says

Mark Memmott and Eyder Peralta — Thu, 04 Apr 2013 17:24:00 +0000

Facebook is going to "turn things around," CEO Mark Zuckerberg said Thursday, by turning "your Android phone into a great, simple social device" that is "designed around people."

He came on stage just after 1 p.m.

Tech Week Ahead: Rumors Of A Facebook Phone

Mon, 01 Apr 2013 20:44:00 +0000

Steve Henn looks at this week's technology news, including a possible Facebook phone announcement on Thursday and a nod to the multiple April Fools' Day jokes on the Internet.