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Facebook Will Pay $15 Per User After Judge Approves Final $20M Ad Settlement (GigaOM)
Facebook will pay out $9 million to approximately 614,000 users as part of a $20 million legal settlement that is intended to compensate users for the social network’s decision to display their pictures in “sponsored stories” ads without permission. In an order filed Monday in San Francisco, U.S. District Judge Richard Seeborg gave the final thumbs up to a revised deal that will raise individual payouts to $15 each — a total that is higher than the $10 maximum proposed under an earlier version of the settlement. The payouts will only go to those who responded to a notice earlier this year (it’s too late for everyone else). Bloomberg Facebook’s market value passed $100 billion amid optimism that the world’s largest social network can bolster sales from mobile advertising. The stock increased 1.9 percent to $41.34 at the close in New York. Mashable Facebook had been valued at $100 billion on the second market in the month prior to going public in May 2012. The company initially raised $16 billion from its IPO, valuing it at just more than $104 billion. However, its market cap declined rapidly in the following months. TechCrunch It’s a good moment for Facebook. However, the firm is incredibly richly valued, which might make it ripe for a market correction, or investor profit taking. Google Finance estimates its trailing 12-month price-earnings ratio to be 207.87. Yahoo Finance lists a slightly smaller figure: 187.06. Investors are valuing Facebook as a growth company. CNBC Facebook is now worth now than McDonald’s, Conoco Phillips, American Express or Goldman Sachs. But unlike those companies, Facebook is being priced on its future potential much more than on its near-term stream of earnings — as a glance at projected net profits tells us. AllFacebook In related news, multiple Facebook users will be able to upload photos to the same albums with Monday’s introduction of shared photo albums by the social network. Mashable reported on the new feature, saying that Facebook users who create photo albums will be able to grant access to up to 50 contributors, who will be able to share up to 200 photos apiece.
Miley Cyrus Twerks Her Way to Top of Twitter at 300,000 Tweets Per Minute (NBC News)
The unwritten (and arguably unreasonable) rule against spoiler alerts was ignored en masse Sunday night, when East Coast viewers of MTV’s Video Music Awards took to Twitter, not only letting their West Coast compatriots know what was coming, but setting a Twitter record. As Miley Cyrus flashed her uvula, cavorted with Teddy bears and twerked all over a Beetlejuice-channeling Robin Thicke, East Coast Twitter traffic for this year’s Video Music Awards peaked at 306,100 tweets per minute.
New Yahoo Usernames Will Be Sent Out from Monday. Did You Apply for Yours? (The Next Web)
One month after Yahoo invited users to apply for the username of their dreams, the company is finally letting the public know which of their picks are available, with a link to claim it within 48 hours. The username is designed to give you access to all your online Yahoo properties, including Mail, Flickr and more, so if you put yourself down for your four-letter firstname, you should find out shortly if you were lucky.
This Infographic of Instagram Stats is Perfect For Instagramming (SocialTimes)
Here at SocialTimes you know we love our infographics, and we love our Instagram too so when this perfectly-Instagrammable infographic about Instagram caught our eye we couldn’t help sharing. Created by designer Ivy Aquino, the infographic reveals a number of fun facts about Instagram, from stats about active users and number of photos to the name of some of Instagram’s “lost” filters, all organized into that lovely Instagram-esque square palette we’ve come to know and love.
Feedly Pro, a $5 Per Month Google Reader Replacement, is Now Available to Everyone (VentureBeat)
Feedly, one of the best alternatives to the now-defunct Google Reader, launched a better-featured Pro version of its service a few weeks ago. But it was only available at that time for 5,000 users. Now the Pro version is fully available to anyone who wants to give it a shot for $5 a month or $45 a year.
Pillsbury’s Strudel Düdeler Turns Tweets into Icing Art (AllTwitter)
Starting today, Twitter users who send a tweet to @ToasterStrudel with the hashtag #StrudelArt about “how they get their morning moving” will receive a picture of a strudel with personalized icing art based on their tweet. A team from Pillsbury will select tweets, then the message automatically gets iced onto a pastry, photographed, uploaded to a photo gallery on Toaster Strudel’s Facebook page and sent back to the submitter as a TwitPic via Twitter message.
Ticker Tape Tweets Let You Hashtag Like it’s 1867 (CNET)
If you can post to Twitter using Morse Code, you should darn well be able to get tweets via ticker tape. Enter the Twittertape Machine, which eschews annoyingly modern smartphone screens for a printed feed of tweets and mentions delivered in the style of the 19th-century ticker tape machine.
VMAs Ratings Up 66 Percent from Last Year as Tweet and Digital Records are Broken (LostRemote)
More results are in from last night’s VMAs. We already reported on the tweet records (Miley’s twerking had the highest tweets per minute). MTV has just released the ratings and explained the digital impact, including that they had the “biggest VMA Day in network history.”
Malicious Software Poses as Video from a Facebook Friend (The New York Times/Bits Blog)
A piece of malicious software masquerading as a Facebook video is hijacking users’ Facebook accounts and Web browsers, according to independent Italian security researchers who have been investigating the situation. The malware appears as a link in an email or Facebook message telling people that they have been tagged in a Facebook post.