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 reveals daily users for US and UK

Facebook is targeting advertising spending currently earmarked TV commercials. Photo: AP

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

Wednesday, 14 August, 2013, 12:17pm

Facebook No 2 Sheryl Sandberg sells US$91m of stock

Sheryl Sandberg

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

US man held after ‘Facebook murder’ of wife

The house of Derek Medina in Miami, Florida. Photo: AFP

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 firms buy fake 'likes' for Facebook at 'click farms'

How firms buy fake 'likes' for Facebook at 'click farms'

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 stock almost hits IPO price, 14 months after rocky debut

Facebook stock almost hits IPO price, 14 months after rocky debut

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 soars amid mobile ad success

Mobile ads have been reaching more Facebook users. Photo: Reuters

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

Eyes on mobile for Facebook’s Q2

Facebook hasn’t provided earnings or revenue guidance for the second quarter. Photo: AP

Investors are focusing on signs that Facebook can keep growing advertising revenue, especially on mobile devices, when the world’s largest social media company reports second-quarter results on Wednesday after the stock market closes.

23 Jul 2013 - 9:58am

Internet big boys take aim at Singapore’s 'regressive' new rules

The Internet and related industries have become an important sector for Singapore, with revenues last year growing 23 per cent to S$103 billion (HK$622.95 billion). Photo: Reuters

Singapore’s move to tighten regulation of news web sites, already under fire from bloggers and human rights groups, has attracted criticism from an unexpected quarter - large internet firms with a big presence in the city-state who say the new rules will hurt the industry.

8 Jul 2013 - 3:35pm 3 comments

Facebook pushes search feature to more users

Facebook unveiled the social search tool in January, but only made it available to a fraction of its 1.1 billion users. Photo: AP

Users who may have grown frustrated with Facebook’s rudimentary search feature are getting an updated version designed to make it easier to find people, places and photos on the site.

8 Jul 2013 - 12:11pm

Facebook is pulling ads from racy, violent pages

Facebook is bowing to pressure over hate speech on its site. Photo: AP

The social network says that on Monday will expand its definition of pages and groups that are too controversial to carry advertisements.

Facebook has sought to strike a balance between giving its 1.1 billion monthly users the freedom to post what they want and providing advertisers with space to sell their products.

1 Jul 2013 - 11:36am

US man pleads guilty in US$13m Facebook share case

Electronic screens show the price of Facebook shares after they began trading in New York on June 27, 2012. Photo: AP

An investment adviser pleaded guilty Tuesday in a US$13 million (HK$100.8 million) securities fraud scheme that prosecutors say capitalised on enthusiasm for shares of Facebook and other Internet companies about to go public.

26 Jun 2013 - 10:59am

Instagram video a savvy move by Facebook

Instagram boss Kevin Systrom said the video feature was initially left out because the “speed, simplicity and beauty” the creators wanted in the app were possible with photos, but “really hard for video”. Photo: AFP

If you think Instagram snapshots of lunch plates, drooling babies and random desk objects are exciting, just wait until your friends start posting 15-second videos.

21 Jun 2013 - 2:06pm

Facebook rolls out video for Instagram

An Instagram iOS engineer poses after a media event at Facebook's headquarters to announce that it would add smartphone video-sharing to its Instagram photo-based social network. Photo: AFP

Facebook introduced video for its popular photo sharing application Instagram in an attempt to go to head-to-head with rival Twitter.

The world’s No. 1 social network said its more than 130 million Instagram users can now record and post 15 second videos on the platform.

21 Jun 2013 - 2:11pm

Facebook worth a 'like', says official

Sheryl Sandberg

A year after Facebook's fumbled initial public offering, Wall Street remains slow to recognise what the company's chief operating officer, Sheryl Sandberg, argues has been an across-the-board improvement in its business.

21 Jun 2013 - 4:18am

Facebook, Microsoft admit receiving thousands of warrants seeking data

Tom Furlong, vice president of site operations at Facebook, at the company's server facility in Lulea, Sweden. Photo: Reuters

Facebook and Microsoft said they had received thousands of warrants for data from government entities in the US during the second half of 2012, but added the US government did not permit them to provide specific figures.

16 Jun 2013 - 5:45am 1 comment