Nasdaq fined for Facebook IPO – Nasdaq has been fined $10 million by the Securities Exchange Commission for alleged securities laws violations related to its mishandling of the Facebook IPO. The $10 million fine is the largest ever imposed against a stock exchange and comes into addition to the $62 million Nasdaq owes trading firms due to sustained losses during the botched IPO. Facebook’s IPO took place on May 18th, 2012 and was overrun with glitches preventing trades and orders from going through. Nasdaq has agreed to pay both fines without admitting or denying the accusations.
Waze integrates Facebook Events – Waze announced integration with Facebook Events. If a user has connected to the app with their Facebook account, the app will now provide directions to the event with a single click. Users do not need to know the address before hand to be directed there. The crowd-sourced traffic and navigation app also provides users with the ability to see the location and ETA of friends who have RSVP’d to the event. Facebook has been in talks of purchasing the app, but has talks have since broken down.
Sandberg speaks at D11 - Facebook COO, Sheryl Sandberg spoke at AllThingsD conference, D11, this past Wednesday. Her first return to the conference since 2008, Sandberg discussed Facebook Home, dropoffs in teen demographic, search and ad placement. She also discussed temporary sharing apps like Snapchat and the lack of trust in Facebook. Sandberg explained, “We need to be transparent about what’s happening on the site. We have always given you lots of options, when it comes to sharing, but it was too confusing. We are trying to simplify that, and make it more visual.” She added, “We don’t need you to share more to make our ad model work better.”
Facebook speeds up Activity social plugin – Last week, Facebook Engineering launched a lighter and faster Activity social plugin. The plugin is now five times lighter and two times faster. The update was rebuilt from scratch and comes in addition to recent Send, Like, Likebox, Login, Facepile, and Recommendations plugin optimizations.
Facebook maps users listening habits – Facebook has mapped out the volume of listens for three of the most popular songs in the U.S. over a period of 90 days. Using a beatquake inspired by old school visualizers, the graphs pull information from the 40 billion plays coming from apps integrated with Facebook Open Graph. Facebook worked partnered with San Francisco-based design and technology studio Stamen which specializes in map and data visualizations.