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.
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.Monday, 7 October, 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
Facebook users in a study led by the University of Michigan wound up feeling worse about themselves after two weeks, and their mood darkened the more they browsed the social medium.16 Aug 2013 - 2:45am
One out of three people in the United States - more than 128 million - visit Facebook every day, and about 24 million in the United Kingdom do the same, the company said on Tuesday, releasing regional data for the first time as a way of helping advertisers understand how people use the social network.14 Aug 2013 - 12:17pm
Facebook's number two executive Sheryl Sandberg has sold US$91 million of the company's stock, boosting a personal fortune that is estimated to be in the hundreds of million dollars.12 Aug 2013 - 5:22am
A US man was being quizzed by police on Thursday after gunning down his wife and posting a gruesome picture of her dead body on Facebook, authorities said.9 Aug 2013 - 2:06pm
How much do you like courgettes? According to one Facebook page devoted to the vegetable, hundreds of people find them delightful enough to click the "like" button - even with dozens of other pages about courgettes to choose from.5 Aug 2013 - 9:38am
Facebook’s stock on Tuesday came within a hair of reclaiming its US$38 debut price for the first time since going public last year, a milestone in the social networking company’s effort to wipe away Wall Street’s scepticism of its business.31 Jul 2013 - 10:56am
Facebook delivered strong evidence it can thrive on smartphones and tablets on Wednesday, reporting a much better-than-anticipated surge in mobile advertising revenue in the second quarter that ignited a nearly 17 per cent share rally.29 Aug 2013 - 4:13am