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.
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.Tuesday, 13 May, 2014, 7:06pm 1 comment
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
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
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 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 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 satellites5 Mar 2014 - 9:04pm
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
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 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
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
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 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 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
Children's advocacy groups lambasted Facebook as they launched a bid to axe a US$20 million deal to settle charges that the social network violated privacy by using "likes" as endorsements for ads.14 Feb 2014 - 9:26pm
You do not have to be male or female on Facebook anymore. The social media company is adding a customisable option with about 50 different terms people can use to identify their gender as well as three preferred pronoun choices: him, her or them.15 Feb 2014 - 3:56am