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 24, 2012 |
The iPhone 5rumor mill has been churning nonstop recently, and that's because the latest reports say Apple will announce the next iPhone come September. The Times will host a Google+ Hangout at 1 p.m. PDT with Times reporter Salvador Rodriguez, MacRumors Editor Arnold Kim, Steve Kovach from Business Insider and will be moderated by the Times' Michelle Maltais. We invite you to join in on the conversation by posting comments below or on The Times' Facebook and Google Plus pages or on Twitter using the #asklatimes hashtag.
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...
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.
May 15, 2012 |
Facebook Inc. is boosting the size of its initial public stock offering by about 25%, bringing the number of shares that will go on sale to 421 million, according to a report from CNBC. The social networking giant, which is widely expected to begin selling shares Friday, had earlier planned to make 337.4 million shares available, including 157 million owned by existing shareholders. In a regulatory filing Tuesday, Facebook said the shares will be priced between $34 and $38 , a step up from the $28 to $35 range the company had initially projected. RELATED: Road to IPO At those prices, the IPO of 421 million shares could raise as much as $15 billion, with more than half of that being earned by Facebook.
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.