Launched in February 2004, Facebook is a social networking service founded by Mark Zuckerberg with his college roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. Early investors include Microsoft and Hong Kong tycoon Li Ka- shing, through his namesake charitable foundation. Facebook’s US$16 billion initial public offering in May 2012 generated huge investor interest although the shares subsequently slumped in price.

New York Times, BuzzFeed and others to publish content directly on Facebook

Facebook hopes that publishers will put all content directly on its platform. Photo: Bloomberg

Facebook has completed its transformation into a one-stop-shop web portal as several major US media organisations are preparing to publish content directly on the social media platform. 

Tuesday, 24 March, 2015, 4:38pm

Facebook, Xiaomi each launch mobile payment services in challenge to Apple, Alibaba

Facebook is launching a mobile payments service which will allow users to send each other money through the Messenger app. Photo: Reuters

Facebook Messenger will soon let US users send each other money through the app, while Xiaomi said it is launching a money-fund-style wallet for Chinese users. 

21 Apr 2015 - 11:32am

Facebook lets users pick 'legacy contact' to manage profile after death

Facebook users are now able to set a legacy contact, from the security settings.

Beginning in the US, Facebook users can pick a "legacy contact" to post on after they die.

14 Feb 2015 - 10:27am

What will it take for Hong Kong to host the next Facebook or Alibaba?

Mainland China is home to a handful of internet success stories such as Alibaba. Photo: Xinhua

Let's talk about start-ups, probably the hottest thing being discussed this year from Silicon Valley to Beijing.

23 Feb 2015 - 11:57pm 1 comment

Are you sure? Facebook tackles graphic imagery by asking if users really want to see it

Facebook users will have to click on certain graphic videos that previously might have played on their news feeds automatically. Photo: Reuters

Facebook has begun placing warning messages over videos and photos that it deems may contain graphic images that could "shock, offend and upset".

15 Jan 2015 - 10:25am

LinkedIn shares suffer drop as plan for Facebook at Work draws closer

LinkedIn shares suffer drop as plan for Facebook at Work draws closer

Shares in LinkedIn dived as talk spread of plans by Facebook to step into its turf with a version of the leading social network tailored for the business world.

19 Nov 2014 - 3:59am

Criminologists identify types of killer who use Facebook to carry out crimes

Facebook's role as a 'killer' app

Researchers at Birmingham City University have identified six types of killer who use Facebook to commit crimes, in the first study of how the social networking site can affect criminal behaviour.

5 Nov 2014 - 3:59am

WhatsApp returns US$10m in sales after Facebook's US$22b acquisition

Facebook's WhatsApp returns US$10m in sales

The numbers are in for Facebook's acquisition of mobile-messaging application WhatsApp: The social network paid US$22 billion for a startup that generated US$10.2 million in revenue last year.

21 Apr 2015 - 11:14am 1 comment

Facebook’s new Rooms app allows users to be anyone they wish to be

Rooms serve as a virtual settings for photos, videos, and text posted in the spirit of taking part in a conversation about chosen topics.

Facebook has released an application that lets people create virtual "rooms" to chat about whatever they wish using any name they would like.

25 Oct 2014 - 4:25am

US media wowed after Mark Zuckerberg conducts Tsinghua University Q&A in Chinese

Mark Zuckerberg delivers a speech at Tsinghua University in Beijing on October 22, 2014. Photo: AFP

With a self-deprecating warning that 'my Chinese is very bad', Mark Zuckerberg launched into a Q&A in Putonghua.

23 Oct 2014 - 4:55pm 12 comments

Facebook, Zuckerberg sue lawyers over Paul Ceglia's 'scam' lawsuit

Paul Ceglia (left) filed his complaint in 2010, claiming that he signed a contract with Mark Zuckerberg (right) in April 2003 to design the website called "The Face Book" or "The Page Book". Photo: AP

Facebook is suing lawyers who represented a man claiming he was entitled to a stake in the huge social network, saying they should have known he was a scam artist.

22 Oct 2014 - 5:19am

Facebook stepping up battle against spammers who sell fake 'likes'

Facebook is targeting spammers in a concerted effort to preserve authenticity on the massively popular social network. Photo: AFP

Facebook has revealed it has stepped up its battle against spammers who promise to deliver thousands of "likes" in return for money and warned users to beware of such scams.

5 Oct 2014 - 6:08am

Facebook poised to enter health-care sector with 'support communities'

Facebook poised to enter health-care sector with 'support communities'

Facebook already knows who your friends are and the kind of things that grab your attention. Soon, it could also know the state of your health.

4 Oct 2014 - 6:26am

Thousands join 'anti-Facebook' social network Ello

Ello does not require real names.

In a matter of days, the new social network Ello, described as the "anti-Facebook" for its stand on privacy and advertising, has become perhaps the hottest ticket on the internet.

29 Sep 2014 - 3:23am

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

Facebook, with its headquarters in California, now counts 1.32 billion monthly users. It plans to invest in new projects.Photo: Bloomberg

Facebook's fast-growing mobile advertising business helped drive a 61 per cent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record high.

25 Jul 2014 - 1:35am