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After $3 Million Spent For Quality Assurance, Facebook Inc (FB) Doubles The Stake

Facebook Inc (NASDAQ:FB) stock got a bump of almost 2%, up to the price of approximately $72.6,in pre-market as the company made two major announcements, according to ZDNet. First, it doubled the reward for hackers that discover bugs in the ads code, after spending almost $3 million so far in bug bounty. Secondly, Japanese Engineers’ Disaster Message Board got upgraded to being ‘Safety Check’ tool, which will query users near to an occurrence of a natural disaster if they are OK.

facebook FB social media world icon computer internet

Hacker remuneration is not such a new idea, but it proves to be rewarding for Facebook Inc (NASDAQ:FB) as it identified a couple of critical bugs with the help of the white hat community of hackers. Facebook Inc (NASDAQ:FB) ruled out technical deficiencies that resulted in redeeming ad coupons multiple times without expiry, sending malicious emails on your behalf and retrieving the name of an unpublished page by guessing its Page ID in the Ads Create Flow.

Most probably, this update aims at assuring that advertising money will not stop from flowing into the company’s bank accounts. It will also ensure the trust that merchants have in Facebook Inc (NASDAQ:FB). However, it’s not clear why the social platform did not hire full time hackers to test the limits of their software. A targeted guess would be that there’s need for a lot of creativity to bypass the tech titan’s security measures and this cannot be offered by a small team of programmers.

With regard to the new ‘Safety Check’, the feature will allow users to leave a notification and a News Feed story with the confirmation that one is fine after the danger has gone. Facebook Inc (NASDAQ:FB) hopes that people will manage to keep in touch in even more moments throughout their lives. The social platform intends to truly conquer the whole world through its services.

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