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Facebook Credits for Indian users
Social networking site Facebook launched a payment system, ''Facebook Credits'', for Indian users, who could spend
the virtual currency across various games or applications they use on
the popular website from July 01, 2011. A virtual currency, Facebook Credits is already popular among gaming
enthusiasts in many other countries, including the US.
Facebook Credits enables fast and easy transactions across games on the
social networking site and would benefit about 2.5 crore Facebook subscribers in the country.
The users would be able to enter their payment information once and can
buy, earn and spend safely across various games or applications they use
on Facebook. "Starting July 1, we will require all social game developers on the
Facebook canvas platform to process payments through Facebook Credits,"
Facebook Platform Marketing Manager Deb Liu wrote on the company''s official blog in January.
This will also help various brands, which use the medium of Facebook to
retail them goods through their social pages.
"Facebook Credits is currently used in more than 350 applications from
150 developers, representing more than 70 per cent of virtual goods transactions volume on Facebook," Liu had said.
Facebook Credits would also offer incentives such as early access to
product features, premium promotion on Facebook, premium targeting for
ads and access to new co-promotion opportunities. Many developers such as Zynga, Playfish, CrowdStar, Digital Chocolate,
PopCap and Arkadium have already adopted Facebook Credits for in-game virtual goods.
Facebook CEO $100M donation
Facebook founder and CEO Mark Zuckerberg announced September 24, 2010 the creation
of a new foundation called Startup: Education. Zuckerberg is seeding the foundation with the "initial gift" of $100
million to the Newark, N.J. school system.
"I feel very fortunate for the opportunities I've been given because of
my education, including the chance to work with talented people and build a great company at such a young age," Zuckerberg said
in a blog post. "Rather than waiting until later in life to focus on
giving back, I've spent a lot of the last year researching and looking
for the most impactful ways to improve education starting in America."
Zuckerberg added that he decided to put his full support behind Booker
and New Jersey Gov. Chris Christie to help in their efforts to reform the schools in Newark.
'Newark has unfortunately become a symbol of public education's failure
-- of a status quo that accepts schools that don't succeed,' he wrote.
While the $100 million donation should help the more than 40,000 students in Newark, it's also expected to do some good for Zuckerberg's
image
The Social
Network movie
A movie "The Social Network" released on Oct. 1, 2010 detailing the creation of Facebook and Zuckerberg's
rise to fame and fortune. According to published reports, the movie doesn't exactly paint the Facebook founder in an entirely
positive light. After Zuckerberg was told about the film, he responded, "I just wished that
nobody made a movie of me while I was still alive."
"The Social Network" movie is based on the book
"The Accidental Billionaires" by Ben Mezrich which the book's publicist once described as "big juicy fun" rather than
"reportage." Just see the story of Facebook in "The Social Network" movie
The story of Facebook |
Mark Elliot Zuckerberg (born May 14, 1984) facebook CEO
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Mark Elliot Zuckerberg
Mark Elliot Zuckerberg was born in White Plains, New York
in May 14, 1984 in a Jewish family. He raised in Dobbs Ferry, New York. Zuckerberg enjoyed developing computer
programs, especially communication tools and games .when he was in middle school.
He joined Phillips Exeter Academy where he built a program to help the workers in his father's office.
He also built a music player named the Synapse Media Player that used artificial intelligence
.He attended Harvard College in September 2002, and where he joined Alpha Epsilon Pi , a Jewish fraternity.
. Facebook launcing
Zuckerberg launched Facebook from his Harvard dormitory room on February
4, 2004. The idea for Facebook came from his days at Phillips Exeter Academy, which, like most colleges and prep schools, had a long-
standing tradition of publishing an annual student directory with headshot photos
of students, faculty and staff known as the "Facebook".
Zuckerberg moved to Palo Alto, California with Moskovitz and some friends and got a small office.They got their first new office during the summer of 2004. In August 2004, Zuckerberg, Andrew McCollum , Adam D'Angelo and Sean Parker launched a competing peer-to-peer file sharing service called Wirehog. It was a precursor to Facebook Platform applications.
On May 24, 2007, Zuckerberg announced Facebook Platform , a development platform for programmers to
create social applications within Facebook. Within weeks, many applications had been built and some already had millions of users. It
grew to more than 800,000 developers around the world building applications for Facebook Platform. On July 23, 2008, Zuckerberg
announced Facebook Connect , a version of Facebook Platform for users.
Criminal investigation
In June 2010, Deputy Attorney General Muhammad Azhar Sidiqque of
Pakistan launched a criminal investigation into Zuckerberg and Facebook co-founders Dustin
Moskovitz and Chris Hughes after a "Draw Muhammad " contest was hosted on Facebook. The
investigation also named the anonymous German woman who created the contest.
On May 19, 2010, acebook's website was temporarily blocked in Pakistan until Facebook removed the contest from
its website at the end of May.
Facebook Popularity
Facebook currently claims more than 500 million registered users
worldwide, with 54 percent said to be logging on to the site daily.
In Singapore, which has nearly three million users out of a population of five million.
Asia is the fastest-growing region for new subscribers to social networking site Facebook despite restrictions on access in China, a
senior company executive said on September 22, 2010.
New Facebook App Places
The new Facebook Application called Facebook Places was launched in
Canada on Friday September 24 2010 and countries where it is available
are increasing monthly. It is working, Facebook has said, to be in all
countries where Facebook is available by the end of 2010. Facebook says it's new App will only tell who you want to know where
you are and where you're going and once you've gone it erases your having been there.
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