Facebook

Facebook

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.

Facebook being investigated in UK over privacy concerns

The Irish Data Protection Commissioner's office had been in contact with Facebook on privacy issues. Photo: AFP

Facebook is being investigated by the Information Commissioner's Office (ICO) in the UK after a study showed that a psychological experiment influenced what the users saw in their news feeds, raising fresh privacy concerns.

Thursday, 3 July, 2014, 12:39am

Facebook takes steps to open sales office in China

A China office would mark a significant step for Facebook given it is one of the last large, untapped markets for the company. Photo: Reuters

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 network's employees in the country for the first time, even as its service remains censored there.

14 May 2014 - 1:20am 1 comment

Despite the Great Firewall, Facebook’s business is slowly growing in China

Despite the Great Firewall, Facebook’s business is slowly growing in China

Chinese authorities blocked access to Facebook in July 2009, but despite remaining behind the Great Firewall ever since, the world's biggest social network has still managed to infiltrate China's businesses and web infrastructure.

13 May 2014 - 7:06pm 1 comment

Facebook adds anonymous login in move to give users more privacy

Facebook adds anonymous login in move to give users more privacy

Facebook is moving to bolster the trust of its more than one billion users by providing new controls on how much information is shared on the world’s leading social network.

2 May 2014 - 3:00am 2 comments

Facebook increasingly shaping our view of the world

Facebook recently acquired messaging company WhatsApp for US$19 billion and snapped up Oculus VR, a virtual reality headset company, for US$2 billion. Photo: Reuters

It's no surprise that social media, notably Facebook, is quickly becoming the core of our social lives, thanks to the availability and affordability of slick smartphones.

8 Apr 2014 - 1:38am

Facebook claimant to face fraud charges

Paul Ceglia

A New York businessman must face criminal fraud charges for trying to claim a billion-dollar stake in social media company Facebook, a US federal judge ruled. Paul Ceglia, 40, is accused of forging a 2003 contract with Facebook CEO Mark Zuckerberg that supposedly entitled him to part ownership of the company.

9 Mar 2014 - 6:22am

Facebook takes aim at users selling guns after safety advocacy campaign

Facebook and Instagram will remove content that represents a "direct, credible risk" to users and notify police when appropriate. Photo: AFP

Facebook is taking aim at people who are using its social network or the Instagram photo-sharing platform to sell guns.

Under pressure from gun safety advocates, Facebook will block members under 18 years of age from viewing pages or timeline posts that involve private sales of firearms and will set up online "checkpoints" warning people that such deals may be illegal.

6 Mar 2014 - 9:14pm

Facebook eyes drone maker to replace satellites to get web to poor countries

Facebook is reportedly in discussions to acquire Titan Aerospace, a manufacturer of drones. Photo: AP

Facebook is reportedly interested in acquiring a company that makes drones capable of flying at high altitudes for up to five years at a time, to replace satellites

5 Mar 2014 - 9:04pm

Facebook seeks injunction against Hong Kong online games firm

Facebook seeks injunction against Hong Kong online games firm

Facebook has filed a lawsuit with the city's top court seeking an injunction to stop a local online games firm, its founder and another Hongkonger from using its website or any of its services.

2 Mar 2014 - 5:33am

WeChat in the way of Facebook's ambitions in China

The purchase of WhatsApp, which has about 450 million monthly active users, is Facebook's biggest-ever acquisition. Photo: Reuters

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 challenge taking on Chinese internet giant Tencent's home-grown WeChat platform, analysts say.

21 Feb 2014 - 4:31am

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

Facebook has been blocked on mainland China since 2009. Photo: EPA

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 Mark Zuckerberg and WhatsApp chief Jan Koum said in their conference call yesterday there would be no change to WhatsApp's operations worldwide.

21 Apr 2015 - 11:14am 2 comments

How Facebook CEO Mark Zuckerberg courted WhatsApp founder Jan Koum

Jan Koum, WhatsApp CEO

The relationship between Facebook and WhatsApp started in the spring 2012 over coffee at a German bakery. It was consummated on Valentine's Day with chocolate-covered strawberries, after just five days of talks.

21 Apr 2015 - 11:14am 6 comments

Is Whatsapp going to open doors for Facebook in China?

This Wednesday, Feb. 19, 2014 photo shows the WhatsApp and Facebook app icons on an iPhone in New York. Photo: AP

I haven't written about Facebook (Nasdaq: FB) in a while, mostly because the company hasn't made any concrete moves into China lately despite previous assertions that it would like to enter the market.

21 Apr 2015 - 11:14am 3 comments

Facebook buys WhatsApp for US$19 billion

'No one in the history of the world has ever done something like this,' Mark Zuckerberg said. Photo: Reuters

Facebook will buy fast-growing mobile-messaging startup WhatsApp for US$19 billion in cash and stock in a landmark deal that places the world’s largest social network closer to the heart of mobile communications and may bring younger users into the fold.

21 Apr 2015 - 11:14am 6 comments

Asian messaging apps moving in on global tech giants' turf

WeChat has emerged as an alternative distribution channel for advertisements, software applications and goods and services. Photo: Reuters

Asian chat services KakaoTalk, Line and WeChat threaten to overturn the mobile order of things, usurping the role of Google, Apple, Amazon.com Facebook and telecommunications carriers as gatekeeper to the consumer.

20 Feb 2014 - 12:56am