Facebook Inc (NASDAQ:FB) shares in last session snapped three-day losing streak which was the second since IPO on May 17. The leading social-networking site is conducting a huge user referendum started on June 1 and will end on June 8 at 9 p.m. PDT available on the Facebook governance page. Voting seeks more than 900 million users to approve or reject changes to its privacy policy that it first planned on May 13.
Separately, in reaction to its poor initial public offering last month and along with fears over its advertising business, the company is expanding ways for marketers to buy mobile ads.
This move is seen as one of its first major business moves since its IPO. The Menlo Park, Calif., social network recently said that now marketers would be allowed to pay individually for “sponsored stories,” the company’s only mobile-ad product. With this mobile ad service, marketers make payment to Facebook for republishing positive messages that users post about their brand.
http://www.pt-news.org/one-day-left-to-facebook-incs-nasdaqfb-massive-privacy-policies-referendum/123149/
http://www.pt-news.org/one-day-left-to-facebook-incs-nasdaqfb-massive-privacy-policies-referendum/123149/
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