Social Tech
  • A logo in the Nestle Digital Acceleration Team (DAT) office at the company headquarters in Vevey September 24, 2012.

    By monitoring conversation about its products on social media - right down to "realtime recipe tweets" across the United States - they aim to win over a sometimes hostile world.

  • In this May 16, 2012 file photo, the Facebook logo is displayed on an iPad in Philadelphia. Facebook's stock hit a new low Friday, July 27, 2012, after it reported second-quarter results that disappointed investors. The stock fell $3.90, or nearly 15 percent, to $22.94 in morning trading Friday. Facebook Inc.'s initial public offering of stock priced at $38, and its low had been $25.52, hit on June 6. The stock is now about 39 percent below its IPO price.

    NEW YORK (AP) — The Federal Trade Commission voted Friday to finalize its settlement with Facebook, resolving charges that the social network exposed details about users' lives without getting the required legal consent.

    Facebook Inc. agreed to submit to government audits of its privacy practices every other year for the next two decades. The company also committed to getting explicit approval from users before changing the types of content it makes public.

  • This March 20, 2012 file photo shows Netfilx headquarters in Los Gatos, Calif. Netflix is making money again, but its recovery wasn't impressive enough to soothe investors worried about rising licensing fees and stiffer competition confronting the video subscription service.

    MENLO PARK, Calif. (AP) — Netflix Inc. CEO Reed Hastings gave his thumbs-up to Facebook by buying about $1 million worth of its stock.

    Hastings is a Facebook board member and the first insider at the social media company to disclose buying its stock since its initial public offering in May.

    Facebook's stock has fallen nearly 45 percent since it first sold public shares to investors at $38. It was one of the most anticipated IPOs, but investors have been questioning its ability to keep increasing its revenue.

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