Facebook stock back up, Nasdaq under fire, Yahoo settlement close, and more on this week’s news roundup
Facebook stock ends week on a high note – Facebook closed today at $27.10, up 3 percent from Thursday. Shares fell below $26 on Wednesday, their lowest since the company’s initial public offering on May 18, which priced shares at $38. News about the company’s App Center, mobile ads and a ComScore report about Facebook ad effectiveness could be restoring some investor optimism.
Wall Street criticizes Nasdaq compensation plan – Nasdaq proposed Wednesday to earmark $40 million to compensate investors for losses that resulted from trading problems during Facebook’s initial public offering, but industry executives have raised objections and question whether regulators would approve the plan. Losses across Wall Street have been estimated between $100 million to $200 million, according to the Wall Street Journal.
Facebook-Yahoo agreement could be on the way – All Things D reports that Yahoo and Facebook are working on a deal that would put an end to the patent infringement lawsuit and counterclaims between the two companies. Sources say the key terms include a cross-licensing agreement and an even deeper integration of Facebook into Yahoo and vice versa.
Court decides Facebook must reveal cyberbullies’ identities – A U.K. woman has won court backing to force Facebook to reveal the identities of cyberbullies who targeted her with “vicious and depraved” messages on the website, The Guardian reports. The woman plans to bring a prosecution against at least four users, after the court said Facebook should reveal their names, email and IP addresses. This is believed to be one of the first cases where an individual has successfully taken legal action against Facebook to reveal the identities of cyberbullies.
GLAAD recognizes Facebook with award – Facebook received a Special Recognition Award from the Gay and Lesbian Alliance Against Defamation (GLAAD) at an awards ceremony on Saturday night for its efforts against bullying, as well as the site’s inclusive options for LGBT users. Facebook Washington DC’s Andrew Noyes and Head of Diversity & Inclusion Sara Sperling accepted the award on behalf of the company.
Facebook to help users remove DNSChanger virus – Facebook will begin to notify users whose computers are likely infected with DNSChanger malware and direct them to instructions on how to clean their computer or networks. All computers still infected with DNSChanger malware will no longer be able to access the Internet after July 9, as part of an effort to prevent the virus from spreading any further.
Credit agency may use Facebook data to influence credit score – A German credit agency plans to use Facebook and other social networks to find information that might have bearing on a user’s credit score, German broadcaster NDR reported Thursday, citing confidential internal documents.