Tomahawk, WI 05/06/2014 (Basicsmedia) – Facebook Inc (NASDAQ:FB) is both too young and too old. It’s too young in terms of years and in terms of turnover or number of employees; yet, it’s too influential by virtue of being the largest social network in the world with a billion and a quarter users.

The Winklevii of Oculus?

While Mark Zuckerberg is famous for finalizing deals in a hurry — the Instagram, WhatsApp and Oculous deals were finalized in a matter of weeks rather than months — this youthful exuberance may have unforeseen repercussions and consequences. Like the Winklevii Twins are famous for litigating endlessly against Mark Zuckerberg and Facebook for stealing the twins’ idea, a company called ZeniMax Media Inc., which is a videogame makers, claims that it owns the intellectual property used in Oculus’s VR headset called Rift.

According to ZeniMax, a former employee of theirs, John Carmack, joined Oculus and brought ZeniMax’s intellectual property with him. It remains to be seen if this will be a protracted affair that makes millions for lawyers for both sides or a settlement will be reached quickly.

Strong in Mobile

One platform where Facebook Inc (NASDAQ:FB) is strong — and even stronger than Google Inc (NASDAQ:GOOG) — is mobile and now Facebook wants to eat Google’s launch in the mobile business. How Facebook is planning to do this is not by launching its own mobile handsets or a search engine but by offering a collection of tools to developers and users. In the near term, Facebook is launching the Facebook Audience Network, its new mobile advertising network.

Anonymous Login

Facebook Inc (NASDAQ:FB) has often been at the receiving end of users’ opprobrium when it comes to Facebook’s attitudes towards the privacy rights of its users. In a small move that will assuage the privacy concerns of Facebook users somewhat, Facebook announced changes that will enable Facebook users to access third-party apps using their Facebook credentials without having to reveal everything about themselves to the third-party app. Earlier, the third-party app got to see the users’ personal information, their Facebook groups and so on but now the “Anonymous Log On” feature will let users sign on to third-party apps by sharing “only” their name, email address, and gender.

While this may not satisfy everyone, this is a better trade-off than the earlier scenario.

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