October 4, 2012 |
Facebook has hit the biggest milestone in the company's eight-year history: 1 billion users. Company founder and Chief Executive Mark Zuckerberg made it official with a post on his Facebook Timeline on Thursday morning: The social networking giant has wired one-seventh of the world's population. "Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life," Zuckerberg wrote. Internally, Facebook employees followed the live countdown and quietly popped the champagne corks on Sept.
August 10, 2012 |
Mark Zuckerberg wired together nearly 1 billion people on the Web. Now the ambitious young entrepreneur is building another kind of community, this one out of bricks and mortar. Construction is booming along a bustling stretch that cuts through the center of Facebook Inc.'s campus in Silicon Valley, where staffers stroll or ride bikes and RipStiks between buildings. Here the social networking giant is designing its own Main Street, putting in storefronts that will cater only to Facebook employees, whether they're in the mood for a straight-razor shave or nigiri rolls.
November 7, 2012 |
The social network is testing a project called Facebook Wi-Fi that provides free Internet access to customers who have a Facebook account and "check-in" at participating businesses. Businesses such as retail stores and coffee shops near Facebook's California headquarters in Menlo Park are using a router provided free of charge to test out the Wi-Fi program, a Facebook spokeswoman told The Times. When customers come in to a business' location and attempt to access its Wi-Fi network, they can do so by simply using Facebook's "Check In" feature.
August 24, 2012 |
Facebook unveiled plans and pictures Friday of its campus expansion, designed by famed architect Frank Gehry. Los Angeles-based Gehry -- who has projects all over the world and is best known locally for Walt Disney Concert Hall -- designed the Facebook project as a large building with irregular outer walls. A mock-up of the campus shows the building to have an extensive rooftop garden. Inside, the building will be an empty space, in keeping with Facebook's tradition of having no offices: Everyone works out in the open on desks that can be quickly shuffled.
May 29, 2012 |
The city council in Menlo Park, Calif., is set to approve a deal that will let Facebook employ thousands more people at its headquarters there. Mayor Kirsten Keith says officials are expected to green light the environmental impact report and the development agreement at a meeting Tuesday night. City staff has recommended the city approve the deal. That means Facebook employees, currently numbering about 2,200 in Menlo Park, will soon be able to stretch out. If the deal is approved, Facebook will be able to employ about 6,600 workers in Menlo Park, up from its current limit of 3,600.
October 31, 2012 |
Facebook got off to a poor start Wednesday, the first day of trading since restrictions on 229 million shares were lifted. Concern that a vast number of employees would sell their shares caused the stock to fall as much as 5% early Wednesday, but the price appears to have begun to bounce back, now hovering at around $21.35, a drop of less than 3%. The shares were restricted to prevent current and former Facebook employees from pumping more...