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.
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.Friday, 21 June, 2013, 4:18am
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
Tim and Chris Vanderhook think Myspace had it right — at one point. And they believe they’ve revived and improved that formula for success as the revamped first titan of social media debuts its latest incarnation.13 Jun 2013 - 12:12pm
Facebook has added Twitter-style hashtags to help the more than one billion members of the social network tune into topics of interest at the leading social network.
“To date, there has not been a simple way to see the larger view of what’s happening or what people are talking about,” Facebook product manager Greg Lindley said in a blog post.13 Jun 2013 - 11:24am
Three of the largest Internet companies called on the US government to provide greater transparency on national security requests on Tuesday, as they sought to distance themselves from reports that portrayed the companies as willing partners in supplying mass data to security agencies.12 Jun 2013 - 10:45am
For the giants of Silicon Valley, the fall from freedom's children to social pariah has been something of a Shakespearean reversal of fortunes. Google, Apple and Facebook might be Lear, Othello and Macbeth in the suddenness and completeness of their fall from a grace that was bequeathed to them by the generations that found their technologies liberating, empowering and even beautiful.30 May 2013 - 4:33am
I find it hard to understand how Peter Lok, in his letter ("Nomination process not negotiable", May 20) could reach the conclusion that my article ("The key step", May 8) was, in his words: "meant to persuade the government to get rid of the nomination of candidates in the election of the chief executive".29 May 2013 - 10:22am
While much of corporate America is retrenching on the real estate front, the four most influential technology companies in the US are each planning headquarters that could win a Pritzker Architecture Prize for hubris.29 May 2013 - 2:40am 1 comment
Google, maker of the Android operating system, is considering buying map-software provider Waze, setting up a possible bidding war with Facebook, people familiar with the matter said.25 May 2013 - 5:14am
Google is considering buying Israeli mobile satellite navigation start-up Waze, which may lead to a bidding war with Facebook, Bloomberg news reported, citing people familiar with the matter.
Waze is seeking more than US$1 billion and is fielding expressions of interest from multiple parties, Bloomberg cited a source as saying.24 May 2013 - 1:45pm
Ex-Hong Kong resident and flamboyant internet mogul Kim Dotcom said he was considering legal action against tech giants such as Twitter, Google and Facebook for infringing copyright on a security measure he invented.24 May 2013 - 2:43am
The world's biggest online retailer was considering a more conservative valuation than the one the social networking company achieved last year, a person familiar with the situation said. While Alibaba, based in Hangzhou, Zhejiang province, has said it has no timetable for an initial share sale, analysts are expecting an offering this year or next.7 May 2013 - 4:25am
Shares of Facebook, which were given a boost last week when the social networking company reported first quarter results that largely met analysts’ expectations, may be over valued, financial newspaper Barron’s said.6 May 2013 - 12:15pm
Facebook reported promising figures for the first quarter, but has found itself defriended by millions of users as it falls out of fashion.5 May 2013 - 2:51am
When it comes to the internet, there is one guarantee: nothing stays the same forever. Facebook, the world's dominant social media platform, is fast finding that out as users in mature markets increasingly abandon it. The nine-year-old website is still hugely popular, so it is wrong to proclaim that an era has ended; innovation and ingenuity could well reverse the trend.4 May 2013 - 4:04am