Facebook working on new features for its Messenger app

23 Mar 2015 | Author: | No comments yet »

Facebook and Greek debt — what to watch for in the week ahead.

At the F8 developer conference, Facebook plans to announce some big changes for its Messenger app. “It’s not yet clear who the early partners are or what the integration will look like, but Facebook will likely expand the capability to more developers following the initial rollout,” it added. According to The Next Digit, the social network giant plans to bring about 20 changes to the Messenger in a bid to compete with the successful messaging apps like WeChat and Line.

The upcoming update to Messenger, first reported Thursday, is the company’s latest in a series of moves that have vastly expanded the reach of Messenger over the last year. Facebook’s FB 1.26% developer will convene in San Francisco on Wednesday and Thursday for ample talk about social networking and how outside companies can tap into its growing array of services.

But last summer the company announced it would be shifting mobile messages out of the main Facebook app entirely — a move that angered many users at the time. Tensions continue to mount between the two countries because of Greece’s reluctance to accept strict austerity measures that have been demanded by Germany and the rest of the Eurozone countries funding Greece’s debt bailout. Greek prime minister Alexis Tsipras is set to travel to Berlin Monday to meet with Germany’s Angela Merkel and discuss financial overhauls and the potential for further economic aid. Federal Reserve chair Janet Yellen said this week that she’ll be monitoring “a wide array of data” to determine when the U.S. economy has reached a point strong enough to merit an interest rate hike. Meanwhile, Tuesday also brings a report on new home sales, which are widely believed to have dipped last month followed by a report durable good orders on Wednesday that is expected to show a gain in February after a 2.8% bump in January.

ConAgra Foods CAG 1.75% , which makes packaged food brands such as Slim Jim and Swiss Miss, recently hired a new CEO and lowered its earnings guidance for its fiscal year ending in May. The company will report its third-quarter results on Thursday, as will apparel retailer Lululemon LULU 2.08% , which recently saw the departure of its founder from the company’s board. Pao, who currently serves as interim CEO of Reddit, is suing her former employer, the Silicon Valley venture capital firm, for $16 million after claiming she was routinely passed over for promotions during her time with the firm and retaliated against after ending an affair with a co-worker.

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