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 shares probably too high: Barron's

Facebook trades for 75 times the social network’s estimate for this year’s earnings compared to a multiple of 20 times for Google. Photo: Reuters

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.

Monday, 6 May, 2013, 12:15pm

A Bad Week for ... , May 5, 2013

Facebook has found itself defriended by millions of users as it falls out of fashion.

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

Beware caprice of social media

A smartphone user shows the Facebook application on his phone in Zenica, in this photo illustration. Photo: Reuters

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

Confession sites all the rage on Hong Kong university campuses

HKU Secrets has had more than 19,000 likes and hundreds of 'confessions' in just under two weeks.

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

What's being said on facebook.com/southchinamorningpost

Li Ka-shing is seen depicted with vampire fangs and devil horns, as a dock worker raises a clenched fist outside the offices of Li Ka-shing, Asia's richest tycoon. Photo: EPA

On asylum seekers protesting against screening process in HK:

Law Hin Lau - Why must they seek political asylum in Hong Kong, not our neighbouring jurisdictions? They must understand that we are under Chinese rule, no longer British rule.

1 May 2013 - 2:32am 1 comment

Talking points

Workers down tools for May Day

Workers down tools for May Day

7 May 2015 - 3:35pm

Millions 'unfriend' Facebook in largest markets

Millions 'unfriend' Facebook in largest markets

Facebook has lost millions of users per month in its biggest markets, independent data suggests, as alternative social networks draw the attention of those seeking fresh online playgrounds. As Facebook prepares to update investors on its performance in the first three months of the year, with analysts forecasting a revenue rise of 36 per cent from last year, studies suggest that its expansion in the United States, Britain and other major European countries has peaked.

30 Apr 2013 - 2:42am

Talking points

French Foreign Minister Laurent Fabius

A rape victim's mother takes her case against city authorities who sent her to a labour camp to court. Tang Hui was sentenced to re-education through labour centre by Yongzhou authorities last year after campaigning for harsher punishment for those who raped her daughter, then 11.

12 Apr 2013 - 3:12am

How to delete your digital footprint

How to delete your digital footprint

Wiping away your digital life means erasing traces you have left - the mistakes, the embarrassing photos, the unwise comments and the flawed social media profiles where you have left too much visible.

7 Apr 2013 - 1:43am

Vintage website seen as glimpse at teenage Zuckerberg

A website thought to be the handiwork of Mark Zuckerberg at the age of 15 resurfaced on the Internet on Thursday, providing a glimpse into the early days of the famed Facebook co-founder.

“Hi, my name is Slim Shady,” the creator of the website said in a message on an “about me” page at a website hosted by Angelfire, an Internet service from the 1990s that offered free online hosting.

5 Apr 2013 - 12:03pm

China's ambassador to Washington plans to ‘Facebook’ you - once he gets there

 Cui Tiankai arrives in Washington D. C. on Tuesday. Photo: CNS

Cui Tiankai, China’s newly-appointed ambassador to Washington, said he might use Facebook to make friends in US - once he gets there.

The 60-year-old Cui previously headed the Asian affairs department at the Ministry of Foreign Affairs, and was China's ambassador to Japan between 2007 and 2009.

Cui had made the remarks weeks before his official arrival in Washington this week.

6 Apr 2013 - 1:49am 1 comment

SEC likes company updates on Facebook

US companies will be able to update their status on Facebook as long as investors have been told in advance where to look. Photo: Bloomberg

Companies in the United States will be able to post their earnings on Twitter or update their status on Facebook as long as investors have been told in advance where to look.

The US Securities and Exchange Commission issued guidance on Tuesday permitting companies to use social media sites, including Facebook and Twitter, to communicate company announcements.

4 Apr 2013 - 3:35am

Apple ‘to release next iPhone this summer’

Apple may launch the next iPhone this summer. Photo: AFP

Apple is set for a possible summer launch of the next iPhone rather than a fall launch like the last two models, according to the

3 Apr 2013 - 10:05am 1 comment

Dockers' plight rouses public support via Facebook

Strike organisers had collected about HK$600,000 to help dockers by last night. Photo: K.Y. Cheng

The pay dispute embroiling striking dockers and port operators has grown into a wider movement with dozens of groups coming forward at the Kwai Chung container terminals, partly thanks to campaigns on social networks.

3 Apr 2013 - 5:43am

Facebook keeps world guessing over first smartphone

Facebook keeps world guessing over first smartphone

Facebook will this week unveil its latest push into the mobile world - and industry watchers are convinced the social network is about to launch a Facebook-branded phone.

31 Mar 2013 - 7:38am