Posts tagged with Class Actions

Facebook Credits may be illegal: lawyers

In the run-up to the Facebook IPO, some observers are casting a skeptical eye towards the social network's advertising business. Ads, not surprisingly, account for much of the company's revenue, and there are certainly some areas of concern.

But if two lawyers have their way, Facebook's virtual currency business, which many believe is also crucial to the company's future, could be facing major challenges.

Facebook's Sponsored Stories: new ad format, same old legal problems?

With more than a half a billion users, Facebook knows an awful lot about an awful lot of people. And all the data it collects is no doubt a gold mine.

But sitting on a gold mine and actually being able to extract the gold are two very different things. Although Facebook's revenue has grown rapidly, its effectiveness at monetizing each of its users lags well behind other prominent internet companies like Google.