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.
The social network says that on Monday will expand its definition of pages and groups that are too controversial to carry advertisements.Monday, 1 July, 2013, 11:36am
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
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 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
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 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