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.

Google eyes map-software maker Waze

Waze's mobile app alerts users to potential traffic slowdowns or suggests alternative ways to reach destinations. Photo: Reuters

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.

Saturday, 25 May, 2013, 5:14am

Google, like Facebook, in talks to buy Waze for US$1b: report

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

Kim Dotcom may sue Twitter, Google, Facebook over copyright

Kim Dotcom in Hong Kong

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

Alibaba keen not to repeat Facebook's error in any IPO

The estimated value of goods sold on Alibaba last year, everything from consumer staples to cement and aluminium, was US$180 billion. Photo: Reuters

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

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.

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