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.
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".Wednesday, 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
Secrets are surfacing across campuses as Hong Kong students lay bare their lives on new university confession sites. Part love confessional, part gossip blog and complaints forum, the contents of the Facebook community pages have gone viral.1 May 2013 - 10:37am 8 comments