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Facebook update: Past week’s biggest stories

Facebook update: Past week’s biggest stories Facebook update: Past week’s biggest stories

Global networking giant Facebook is always abuzz with activity, so much so that we have plenty of things to talk about it every other day. The past week’s biggest stories include hot-shots in the company making millions of dollars, Fedex prodding users to use its Facebook app, popular users now able to promote tweets, threaded comments and more.

Fedex engages users with its Facebook app
Fedex, an American global courier delivery services company, hopes to make most of the upcoming holiday season by engaging users with its Facebook app. This app is aimed at simplifying the shipping procedure by allowing users to complete necessary formalities.

Named ‘Ship To Friends’, this app is available for domestic US shipments and lists the requirements, pricing and other important terms and conditions quite clearly. This development is welcome given the tedious procedure of booking a shipment from Fedex website.

Commenting threads
Ever complained of not being able to comment on other people’s comments? Well, you might soon be able to do just that. Folks at Facebook are testing a new functionality which will fulfill long pending demand of users of this immensely popular social networking site. If all goes well, the functionality will be rolled out to all users soon.

Popular users now able to promote posts
Popular users, identified as those having 5000 friends or more, will be able to promote their posts at a throwaway price of $7. The current rate being charged for promoting a post among friends and subscribers is $49!

The ‘Promoted Posts’ feature was rolled out last month and the latest slashing of the rate is going to give a boost to it for sure.

Insiders minting a lot of money
Facebook COO Sheryl Sandberg became richer by as much as $3.75 million by selling 176,000 shares at $21.24 apiece. In the previous week, she made $7.5 million by selling even more number of shares. She has more Facebook shares in her kitty as of now, which means she would be making millions more in coming times.