Toddling along to the Social Media in Recruitment event today and a few bits of news have caught my eye. Thought I’d round them up!
The first follows the recent furore about charges and ownership of content over on Pinterest. It prompted someone to take closer look at the Terms for a number of the big sites out there, including Facebook’s. Under the developers and applications section, Facebook specifically state
“We do not guarantee that the Platform will always be free”
Clearly, this is different to the “free and always will be” statement on the Facebook homepage – but that’s aimed at users, not developers. Facebook are providing a huge commercial platform, developing rapidly in the mobile space (see acquisition of Instagram!) and with the forthcoming IPO, need to ensure future revenue channels are available for growth.
For the full story, head here.
From a user perspective, it would still appear Facebook will remain free. Indeed, this graphic explains perfectly why that will remain the case!
On the subject of that IPO… latest speculation remains a target valuation of $100 billion, or a trading price of around $40 per share. Most recent date I’ve seen for the action is May 17th, as reported in TechCrunch.