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Inside Facebook

Inside Facebook (Jul 7th, 2017)

$FB (4 p.m. EST): $151.44 (↑ 1.76%) // 90-day high: $155.07 // 90-day low: $139.39 // More info

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Facebook is building a standalone group video chat app called Bonfire. The virtual hangout format is using some of the ideas behind Houseparty, a group video chat that boasted 1.2 million users in 2016. The app's function is in keeping with Facebook's new mission statement of "building community and bringing the world closer together." — THE VERGE

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A judge dismissed a lawsuit against Facebook for tracking users browsing activity outside of the social media site. Plaintiffs argued that the company had violated state and federal privacy and wiretapping laws when it received data from "like" buttons on other websites. U.S. District Judge Edward Davila ruled that plaintiffs failed to show that they suffered any economic loss or had a reasonable expectation of privacy because they could have blocked the tracking, which also sends data to the third-party websites. The complainants can't bring these claims again, but they can pursue breach of contract claims against the company. — REUTERS

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An Instagram bug has made users' accounts appear deleted. The company has assured the media and its clients that the accounts have not been erased and that they are trying to resolve the issue. Instagram has been flooded with complaints about the apparent deletions on Twitter and Facebook. Users are unable to log in, and the profile pages are not available for viewing. Some people say they were prompted to verify their accounts using a phone number before the accounts were disabled. The social app has 700 million active monthly users, and many of them use the app for business. — BUZZFEED

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A study performed at Utah's Brigham Young University has defined four different types of Facebook users. Using a questionnaire with 48 statements, responders were categorized as relationship builders, town criers, selfies or window shoppers. Facebook users may identify with more than one type, says the study's organizer. — THE INDEPENDENT 

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Facebook-owned Oculus has added mixed reality support to its Rift headsets. In addition to the headsets, developers need a green screen and an external camera to create the mixed reality. Oculus has published a guide to help content creators. Last year, a similar guide for mixed reality capture was established for HTC Vive headsets. — UPLOAD VR

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