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  • September 19, 2014
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  1. Business - Companies - EARNINGS

    Facebook beats targets with 61pc boost in second-quarter revenue

    Posted Jul 25th 2014, 01:35am by Reuters

    ... Reuters in San Francisco Second-quarter take of US$2.91b is driven by social media giant's mobile advertising business Facebook beats targets with 61pc revenue boost Facebook ... The world's No1 internet social network said it saw increased interest from both advertisers and users during the second quarter, while the company's profit margins expanded. Facebook now counts ...

  2. Business - Companies - ADVERTISING

    Facebook takes steps to open sales office in China

    Posted May 14th 2014, 01:20am by BLOOM

    ... Bloomberg in San Francisco Social networking giant, banned from mainland since 2009, plans to expand efforts to sell ads to companies wanting to reach global users Facebook takes steps to open China office Facebook is taking steps to open a sales office in China to work with local advertisers, according to people with knowledge of the matter, in a move that would put the social ...

  3. Business - Companies - TECHNOLOGY

    Facebook extends global reach with WhatsApp purchase- but not in China

    Posted Feb 21st 2014, 12:08am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Social media company has no immediate plan to use new acquisition to get its content unlocked Facebook blocked on mainland even with WhatsApp Facebook has no immediate plans to use mobile-messaging provider WhatsApp, which the social network operator is acquiring for up to US$19 billion, as a means to unblock its content on the mainland. Facebook CEO ...

  4. Business - Companies - INTERNET

    WeChat in the way of Facebook's ambitions in China

    Posted Feb 21st 2014, 01:11am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Facebook's newly acquired messaging service WhatsApp will find the mainland tough to crack given the huge popularity of local rival WeChat WeChat stands in way of WhatsApp in China Facebook may well see its US$19 billion acquisition of WhatsApp as a way to break into the mainland's growing mobile-messaging market, but it faces a big ...

  5. Business - Companies

    Facebook stocks surge on US$1.5 billion 2013 earnings and rising membership

    Posted Jan 30th 2014, 11:33am by AFP

    ... Agence France-Presse in San Francisco Facebook's 2013 Q4 earnings post eight-fold year-on-year increase, driven by swelling membership and ad revenues Facebook said on Wednesday ... Facebook shares rallied more than 12 per cent in after-hours trading to a new high of $60.05 after release of the earnings figures. Facebook once again grew not just its total number of users, ...

  6. Business - Companies - WEALTH

    Sheryl Sandberg can officially change her Facebook status to ‘billionaire’

    Posted Jan 23rd 2014, 01:26pm by Staff Reporter

    ... Staff Reporter Upbeat Facebook stock performance brings executive's wealth to new heights When Sheryl Sandberg heads to this week’s World Economic Forum in Switzerland, she will walk in as a billionaire. Reports said the Facebook chief operation officer’s wealth officially surpassed US$1 billion on Wednesday on the back of a surge in Facebook stocks, of which she holds about 12.3 million ...

  7. Business - Companies

    Facebook, Zuckerberg plan to sell 70m shares

    Posted Dec 20th 2013, 02:58am by BLOOM

    ... Bloomberg in New York Facebook, Zuckerberg plan to sell 70m shares Mark Zuckerberg, the chief executive of Facebook, is selling shares to help pay taxes, joining the company and some other shareholders in an offering worth about US$3.9 billion. About 27 million shares would be offered by Facebook and almost 43 million shares were being sold by stockholders, including 41,350,000 shares ...

  8. Lifestyle - Technology

    FTC to scrutinise new Facebook facial recognition feature

    Posted Sep 12th 2013, 01:52pm by Reuters

    ... Reuters in San Francisco US officials will examine changes to Facebook’s privacy policy to determine whether they violate a 2011 agreement with federal regulators, a Federal Trade ... regulators would study the changes as part of the government’s oversight of Facebook’s privacy practices, which began in 2011 after Chief Executive Mark Zuckerberg apologised for privacy missteps ...

  9. Business - Companies - COMPANY VISIT

    Facebook to spur more digital advertising in Hong Kong

    Posted Sep 09th 2013, 12:00am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com With HK firmly under its sway, Facebook aims to build on its success in the tech savvy city with targeted pitches, especially on mobile devices Advertising ... generated on Facebook. "We reached 3.5 million Facebook users within three weeks. It proves that quality content on social media is an effective way for a brand to engage consumers and achieve ...

  10. Business - Companies

    Facebook to test mobile payments service

    Posted Aug 16th 2013, 11:11am by AP

    ... Associated Press in New York Facebook plans to test a mobile payments service that lets users make purchases inside mobile applications using payment information they have added to their account on the social network. Facebook said it is working on a “very small test” and the company says there is no set schedule for making the service available to users. The service would use ...




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