Wednesday, September 26, 2012

Two Major Rumors: Facebook Inc (NASDAQ:FB) & Google Inc (NASDAQ:GOOG)

Google developing map app for Apple devices

There is good news for people who want Google Inc (NASDAQ:GOOG) Maps on their iPhones and iPads: a new Google app is on its way. There has been a lot of speculation about Google working on a map app for Apple Inc.(NASDAQ:AAPL), ever since the launch of iOS 6 which has an Apple maps app. According to a few sources who have refused to be named, Google’s new app should be ready in a couple of months.

The reason for the time lag is that Google didn't have an inkling that the Cupertino company would develop its own app. Apple's map service has however, not satisfied users because of errors like inaccurate addresses and wrong landmarks. These users want the Google Maps app back although the iPhone and iPad maker says that the app it has created will get better with time.

How Should Investors Trade GOOG Now? Find Out Here

Beyond saying that it wants its maps to be available on any device, Google has not said much on the issue. The new app development is fraught with complications like the tricky relationship between the two companies and also Google's attempt to create a 3D app combining features of Google Maps and Google Earth.

No security breach, says Facebook Inc (NASDAQ:FB)

Meanwhile, Facebook has denied claims by several users that their private messages on the social networking site sent between 2007 and 2009 can be seen by their family and friends after the mandatory rollout of the Timeline layout. The social networking company has said that the messages had always been on users’ profile pages and that there had been no breach of user privacypolicy. The company said that users have probably forgotten how they had posted these messages. However, the company has not verified how the previously hidden messages are now on display.

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The Facebook stock has been on a downward trajectory ever since its May listing.

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