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.

Trending this year among Hong Kong's Facebook users: typhoons, TV and troubled politicians

Trending this year among Hong Kong's Facebook users: typhoons, TV and troubled politicians

Facebook's annual review revealed that Hong Kong's 2.9 million users loved to gossip about politicians and celebrities in 2013, much like devotees of the social media site elsewhere.

Sunday, 15 December, 2013, 9:21am

US technology giants push back on snooping and urge restraint

US technology giants push back on snooping and urge restraint

Just because you are hypocritical doesn't mean you are wrong. Eight prominent US technology companies, including Google, Facebook and Apple, have jointly published an open letter to the US Congress and President Barack Obama urging strict new limits on government surveillance.

15 Dec 2013 - 4:14am

Facebook names NYU scientist to lead centre for artificial intelligence

Mark Zuckerberg spoke of the plans in October. Photo: Reuters

Facebook has unveiled plans for a partnership with New York University to create a new centre for artificial intelligence, aimed at harnessing the huge social network's massive trove of data.

11 Dec 2013 - 3:37am

Morgan Stanley downgrades view of internet stocks, citing overvaluation

LinkedIn trades at 97 times forward earnings. Photo: Reuters

Morgan Stanley lowered its industry view on internet stocks to “in-line” from “attractive”, saying growth in the sector needs to accelerate to justify current valuations.

12 Nov 2013 - 10:55am

Twitter IPO pricier than Facebook's

While Facebook was profitable when it went public, Twitter lost US$64.6 million in the third quarter of this year. Photo: AP

Twitter boosted its IPO price on Monday to US$23 to US$25 a share, which would give the microblogging service a market capitalisation of US$13.6 billion at the top end of the range. That would value the company at 11.8 times its estimated 2014 sales, higher than the 11.4 times price-sales ratio for Facebook.

6 Nov 2013 - 5:37am

Google's Eric Schmidt to Hong Kong: You need more engineers to start companies like mine

Google chairman Eric Schmidt receives a warm welcome at Chinese University yesterday. He wants to encourage more young entrepreneurs. Photo: Felix Wong

Google Chairman Eric Schmidt has one suggestion for the Hong Kong government on how to make the city remain competitive – to open more technical universities, thereby attracting more software engineers, rather than more bankers.

5 Nov 2013 - 3:25pm 17 comments

Facebook has a moral duty to police the posting of violent videos

Facebook will reimpose a ban on gruesome videos and pictures. Graphic: Emilio Rivera

Facebook has become an integral part of life for many of its 1.15 billion users. A decision by the company to reimpose a ban on the posting of gruesome videos and images such as those of beheadings is therefore sensible. Media organisations usually apply a "public interest" test to determine what should be published where morality issues are involved. Social media, given its prevalence and role, should follow the same example.

25 Oct 2013 - 1:22am

Facebook about-turn as video of beheading is removed

Facebook said it would use a broader set of criteria to determine when gory videos are permitted on the site. Photo: Reuters

Facebook has removed a beheading video from the social network following outrage over its lifting of a ban on gory images. The about-turn comes as Facebook seeks to balance the diverse sensitivities of its billion-plus members with a desire to be a platform for free speech and real-world news stories.

24 Oct 2013 - 5:02am

Facebook lifts ban on decapitation videos

Facebook says gory photos and videos are permitted on its site as long as the users 'condemn' the acts. Photo: AP

Facebook has surreptitiously resumed allowing decapitation videos to be posted on its website, lifting a temporary ban it had placed earlier this year on content featuring graphic violence.

22 Oct 2013 - 10:05am

Weibo: Xiaomi finds fans in Facebook, Vancl

Combination photo of Xiaomi founder Lei Jun, Xiaomi senior executive Hugo Barra, and Facebook founder and CEO Mark Zuckerberg. Photo: SCMP Pictures

High-flying smartphone maker Xiaomi is at the centre of 2 recent strings of microblog posts, one touching on an interesting new connection with Facebook (Nasdaq: FB) and the other hinting at an increasingly cozy relationship with struggling online clothing seller Vancl.

21 Oct 2013 - 6:07pm

Facebook removes teen restrictions, allowing them to share with everyone

Facebook is allowing teenagers to share their posts

Facebook is now allowing teenagers to share their posts on the social network with anyone on the internet, raising the risks of minors leaving a digital trail that could lead to trouble.

18 Oct 2013 - 5:16am

Teens sharing less but learning more from Facebook, study finds

Teens sharing less but learning more from Facebook, study finds

Social networking site Facebook is losing its popularity as a communication tool among Hong Kong teenagers and is increasingly being used for self-promotion and information gathering, according to a new survey.

13 Oct 2013 - 5:29am

Facebook's Zuckerberg buys homes next door to protect his privacy

Zuckerberg and Chan at home on their wedding day. Photo: AP

He made his fortune by persuading over a billion people to share their lives online, but when it comes to protecting his own privacy Mark Zuckerberg appears to spare no expense: the Facebook founder has reportedly spent US$30 million buying four houses that surround his own home in California.

13 Oct 2013 - 6:15am

New setting leaves nowhere to hide for Facebook's one billion users


Facebook is ending a feature that allowed users to hide from the social network's billion-plus members. The feature will be removed from November 11, meaning that someone looking for another Facebook user can more easily find that person.

13 Oct 2013 - 6:15am

Facebook's dismal debut clouds Twitter prospects

When Facebook was preparing to go public last year, the telephones at Granite Investment Advisers rang off the hook as clients called about the social media's company's highly anticipated debut.

7 Oct 2013 - 6:16am