Another Privacy Change From Facebook Inc (NASDAQ:FB)
There is news that Facebook Inc (NASDAQ:FB) wants to make it impossible for the platform’s users to keep things and information private between their group. At one point of time, the social network has a certain setting that would allow users to opt-out of some search listings. This meant that anyone who looked for them via name would not be able to locate them. This is one thing that is going to change and Facebook Inc (NASDAQ:FB) had started removing this functionality in 2012.
Celebrities and anyone who wished online privacy would use these settings but the company discontinued it last year for the users who did not use it. The latest change is that it will be removed for all users of the social network. This means that even people who choose to keep information private will not be able to do so. Michael Richter, Facebook Inc (NASDAQ:FB)’s Chief Privacy Officer said that people who use this setting at the moment will start seeing notifications informing them about its removal over the following weeks.
In Friday’s trading, Facebook Inc (NASDAQ:FB) rose by 0.12%. The opening price of the shares was $49.18, which climbed to an intraday high of $49.87 and dipped to a close of $49.11. Approximately 58.43 million shares were traded on Friday while an average volume of 82.25 million shares were traded over a 30 day period. The 52-week low of Facebook Inc (NASDAQ:FB) shares is $18.80 and its 52-week high is $51.60. The company has a market capitalization of $119.60 billion.
About the company
Facebook Inc (NASDAQ:FB) is involved in building numerous products that create a great deal of utility for various developers, its users, and advertisers. Facebook is used to stay in touch with friends and family, to be aware of what is transpiring in the world, as well as to express and share opinions with people they know.