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.
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 5, 2012 |
FACEBOOK FUN FACT What do Facebook employees eat at an all-night hackathon (its regular software-coding party)? Egg rolls and other Chinese food from the company's favorite restaurant Jing Jing in Palo Alto. [ Los Angeles Times ] 5 FOOD FESTS IN MEXICO Looking for a corn-and-tortilla fair worth traveling for? Here's one in the Mexico City borough of Xochimilco , plus a vanilla festival in Veracruz, a 127-year-old ice cream festival, an apple fair and Three Kings festival.
September 27, 2011 |
Seeking to increase its influence in Washington, Facebook Inc. is starting a political action committee to funnel employee contributions to federal candidates. The move to create what will be called FB PAC is another indication of the company's political evolution as its dramatic growth creates a need to protect itself from government policies, such as potentially tough online privacy regulations. Three top House Republicans were scheduled to appear Monday at Facebook's headquarters in Palo Alto to take questions from employees and guests.
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.
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...