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Wednesday, August 1, 2012

Facebook losing face rapidly while Zuckerberg laughs all the way to the bank: Startup dumps Facebook: '80% of ad clicks came from bots'

Does this mean the death of PAY PER CLICK? Yipee / Yahoooooooooo / Gooooooooogggle! We sure hope so! 

New York-based online music startup Limited Run has ditched Facebook after its research revealed an alleged advertising scam. The company claims that 80 percent of its online ad clicks on Facebook were generated from automated ‘bots,’ not humans.
While testing Facebook's advertising system, Limited Run said it could only verify that around 20 percent of the clicks were coming from users visiting its website.
Limited Run discovered that most of the users clicking on its Facebook ads had JavaScript disabled, making them almost impossible to track with regular analytics software. The company coded a custom-built page logger, and claims it found that 80 percent of the Facebook clicks it was paying for came from bots.
Facebook’s advertising rates are based on the number of clicks a company’s ads receive. Limited Run alleges that the ads were not clicked by real individuals, but rather by automated bots – internet software applications programmed to repeat automated tasks.
“80% of the clicks we were paying for were from bots,” the company said in a post on its Facebook page. “That’s correct. Bots were loading pages and driving up our advertising costs. So we tried contacting Facebook about this. Unfortunately, they wouldn’t reply. Do we know who the bots belong to? No. Are we accusing Facebook of using bots to drive up advertising revenue. No. Is it strange? Yes.”
The company, formerly known as Limited Pressing, also claimed that the social media giant would not allow it to change the name of its Facebook page unless it committed to buy $2,000 of monthly advertising. “Facebook was holding our name hostage,” the post said.
Facebook responded to the accusations: “We’re currently investigating their claims. For their issue with the page name change, there seems to be some sort of miscommunication. We do not charge pages to have their names changed. Our team is reaching out about this now,” Talking Points Memo reported.
AFP Photo / Saeed Khan19.07, 00:147 comments

Unlike: Facebook loses users to other social networks

If Facebook had a “dislike” button, the social media giant would have the most clicks. A new report shows that the company may be nearing the end of its timeline, setting a record low among social media sites.
Reuters/Thomas Hodel18.07, 11:597 comments

Facebook shares drop amid concerns over user decline

Facebook, the world’s largest social-network, saw its share price drop 8.6% after a report from Capstone Investments said the number of users had fallen over the past six months.
AFP Photo / Tengku Bahar13.07, 19:1518 comments

Facebook spies on users in attempt to catch sex predators

Social networking sites aren’t just for keeping in touch with friends anymore. Facebook is using technology to thwart sex predators - but the site’s good deeds come at the cost of invading the privacy of its users

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