UPDATE: Yandex Puts Wonder App on Hold After Facebook Blocks API
Yandex (NASDAQ: YNDX) has issued the following statement regarding its Wonder app:
"We discussed the issue with Facebook (NASDAQ: FB) and it was confirmed that Facebook views the application Wonder as something that violates the Facebook Platform Policies (section I-12) and that the access to Facebook's Graph API will not be restored.
According to Section I-12, no data obtained from Facebook can be used in any search engine or directory without the company's written permission. The reason behind Facebook's decision to revoke our access to their data appears to be that they do consider Wonder to be a search engine, while our understanding of what it is differs from this view.
Wonder's functioning, in its current state, as well as the quality of user experience it provides, largely depends on the access to Facebook's Graph API. Since this access was revoked, we decided to put our application on hold for the time being. We will be considering partnership opportunities with other social networks and services to offer our users a richer internet experience via Wonder."
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.