You sir make a horrible title.. It should be AWESOME SPECTACULAR PLUGIN RAGES THROUGH FACEBOOK!Dru Mundorff, the creator of LilyJade, a shady Facebook app • Defending his idea in the comments of Russell Brandom’s BuzzFeed article talking about how shady it is. The cross-platform browser plugin, which tricks users into installing it, replaces all the ads on other sites with his. Classy. He’s made a quarter-million bucks off the thing in just two weeks, has already drawn a comment from Wikipedia, a cease-and-desist from Facebook, is for sale on hacker forums, and and as Brandom points out, what he’s doing is gray-area but legal, since users are installing it themselves. Great. Be careful what you click, guys. This is a new generation of malware. And it works on nearly everything.
If someone at Facebook did whisper in the ear of the underwriters’ analysts about the earnings, and those analysts then used this material, non-public information for the basis of rethinking their estimates, and the clients of the banks then altered their orders for Facebook shares while in possession of this information, we have the makings of an insider trading case.Facebook Forecast Scandal’s Big Question: Insider Trading? - CNBC (via felixsalmon)