Alexei Oreskovic

Facebook Acquires Mobile Data Plan Firm Pryte

Facebook is acquiring Pryte, a Finnish company that aims to make it easier for mobile phone users in underdeveloped parts of the world to use wireless Internet apps.

Facebook did not disclose financial terms of the deal, which spokeswoman Vanessa Chan said is expected to close by late June.

Pryte’s service, which has not publicly launched yet, seeks to make it easier for consumers without wireless data plans to use online services by selling short-term passes that would provide access to particular mobile apps, such as Facebook or Foursquare.

Facebook, the world’s largest social network with 1.28 billion users, is primarily interested in the team behind Pryte, led by Chief Executive Markku Makelainen, Chan said. The one-year-old, Helsinki-based company has valuable experience and relationships working with wireless operators, particularly in emerging markets, she said. The company has fewer than 30 employees, though it’s not clear how many will join Facebook.

Internet companies' growing ambitions spook 51 percent of Americans: Reuters/Ipsos poll

The personal data gathering abilities of Google, Facebook and other tech companies has sparked growing unease among Americans, with a majority worried that Internet companies are encroaching too much upon their lives, a new poll showed.

Google and Facebook generally topped lists of Americans' concerns about the ability to track physical locations and monitor spending habits and personal communications, according to a poll conducted by Reuters/Ipsos from March 11 to March 26. The survey highlights a growing ambivalence towards Internet companies whose popular online services, such as social networking, e-commerce and search, have blossomed into some of the world's largest businesses.

Now, as the boundaries between Web products and real world services begin to blur, many of the top Internet companies are racing to put their stamp on everything from home appliances to drones and automobiles. With billions of dollars in cash, high stock prices, and an appetite for more user data, Google, Facebook, Amazon and others are acquiring a diverse set of companies and launching ambitious technology projects. But their grand ambitions are inciting concern, according to the poll of nearly 5,000 Americans. Of 4,781 respondents, 51 percent replied "yes" when asked if those three companies, plus Apple, Microsoft and Twitter, were pushing too far and expanding into too many areas of people's lives.

Facebook rolls out video ads, aims to capture part of TV-marketing budgets

Facebook will allow more marketers to run video advertisements on its website, provided the world's No.1 social network deem them to be of high-enough quality.

Facebook and social media rivals like Twitter are increasingly trying to grab a slice of lucrative TV-marketing budgets as they try to sustain rapid growth. That market is considered crucial to supporting Facebook's growing market valuation and poses a potential long-term threat to traditional TV networks.

The 15-second video ads, which appear in newsfeeds and will play automatically with sound muted, will become available to a limited number of marketers over the next few months, Facebook said on its official blog.

The price that marketers pay to run a video ad on Facebook will be determined by the size of the audience as measured by measurement firm Nielsen, Facebook added. Marketers will be able to choose specific times of day for their spots and will be able to target ads according to age and gender.