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.
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.Sunday, 13 October, 2013, 6:15am
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
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
Beijing has made the landmark decision to lift a ban on internet access within the Shanghai Free-trade Zone to foreign websites considered politically sensitive by the Chinese government, including Facebook, Twitter and newspaper website The New York Times.25 Sep 2013 - 4:24pm 23 comments
China’s online community brimmed with disappointment - if not despair - on Tuesday after online media reported that Iran had granted its citizens access to Facebook and Twitter. Both sites had been walled off from Iranian users since 2009.
This leaves China, along with its neighbour North Korea, among the very few countries which still block Facebook and Twitter.17 Sep 2013 - 1:33pm 2 comments
When Sony Mobile Communications chose Facebook as the Hong Kong launch pad for its new Xperia smartphone in October last year, the campaign became one of the company's most successful social media initiatives in the city.9 Sep 2013 - 5:48am
A man who hacked into Mark Zuckerberg’s Facebook page to expose a software bug is getting donations from hackers around the world after the company declined to pay him under a program that normally rewards people who report flaws.21 Aug 2013 - 11:05am
A researcher who hacked into Facebook chief Mark Zuckerberg's profile to expose a security flaw won't get the customary reward payment from the social networking website.20 Aug 2013 - 1:45am
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.16 Aug 2013 - 11:11am