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'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.

Monday, 7 October, 2013, 6:16am

China to lift ban on Facebook – but only within Shanghai free-trade zone

A general view from the top of the under-construction Shanghai Tower in Shanghai. Photo: AFP

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

'Is Facebook real?' China's internet users ask in frustration as Iran lifts its ban

A computer screen that displays the logo of Facebook is reflected in a window before the Beijing skyline. Photo: AFP

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

FTC to scrutinise new Facebook facial recognition feature

Government oversight of Facebook’s privacy practices began in 2011 after chief executive Mark Zuckerberg apologised for privacy missteps. Photo: AP

US officials will examine changes to Facebook’s privacy policy to determine whether they violate a 2011 agreement with federal regulators, a Federal Trade Commission spokesman confirmed Wednesday after certain changes drew fire from privacy advocates.

13 Sep 2013 - 2:44am

Facebook to spur more digital advertising in Hong Kong

Facebook's Jayne Leung is upbeat on advertising opportunities in the city, with 2.9 million people visiting its site daily. Photo: May Tse

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

Hackers pass round hat after Facebook snub

Facebook founder and co-chief executive Mark Zuckerberg. Photo: Reuters

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

Facebook hacked off by Zuckerberg page posting

Mark Zuckerberg on Facebook was the victim of a hacker.

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 to test mobile payments service

Facebook is working on a trial mobile payments service to enable users to make purchases inside mobile applications using payment information they have added to their account on the social network. Photo: Reuters

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 makes you feel, like, down, study finds

Facebook makes us feel worse about our lives. Photo: Reuters

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

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 people use the social network.

14 Aug 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