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BUSINESS
August 24, 2012 | By Salvador Rodriguez
Facebook is on a mission to improve its Android app, going so far as to order employees to leave their iPhones at home and use the rival platform to get more familiar with it. Business Insider reports Facebook is taking this approach, citing as sources ex-Facebook employees and people familiar with the goings-on inside the Menlo Park company. Facebook confirmed the report to the Los Angeles Times on Friday, saying in an email that an important part of the company's products and features testing process involves Facebook employees putting unreleased products and features through "their paces before they launch.
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BUSINESS
September 12, 2013 | By Jessica Guynn
SAN FRANCISCO -- The running joke at the TechCrunch Disrupt conference was that the arctic temperature in the room was to keep Mark Zuckerberg from sweating up a storm on stage. The event organizers could have turned up the heat. Zuckerberg spoke rapid fire - - so much so that his interviewer Michael Arrington had trouble keeping up with his barreling train of thought - - but kept his cool, even when Arrington raised the sensitive subject of Facebook's botched initial public stock offering.
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BUSINESS
July 6, 2011 | Nathan Olivarez-Giles
The Chinese government is looking into buying a stake in Facebook Inc. ahead of the social network's widely expected initial public stock offering in 2012. The possible investment, which was reported by the website Business Insider, would land the communist government a "huge chunk" of shares in the Palo Alto-based company. Citing an unnamed source "at a fund that buys stock from former Facebook employees," the website said China wants an investment "large enough 'to matter.' " A second unnamed source told the site that Citibank was looking to buy about $1.2 billion worth of Facebook shares for two wealth funds — one belonging to the Chinese government and another belonging to a group from the Middle East.
BUSINESS
November 7, 2012 | By Salvador Rodriguez
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.
BUSINESS
August 24, 2012 | By Salvador Rodriguez
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.
BUSINESS
September 27, 2011 | By Jim Puzzanghera, Los Angeles Times
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.
BUSINESS
August 10, 2012 | Jessica Guynn
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.
BUSINESS
May 29, 2012 | By Jessica Guynn
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.
BUSINESS
October 31, 2012 | By Salvador Rodriguez
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...
BUSINESS
August 24, 2012 | By Salvador Rodriguez
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.
BUSINESS
October 31, 2012 | By Salvador Rodriguez
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...
NEWS
October 5, 2012 | By Betty Hallock
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.
BUSINESS
October 5, 2012 | By Jessica Guynn, Los Angeles Times
MENLO PARK - Facebook Inc. is on the outs with investors and the tumbling stock price has dented employees' morale and personal net worth. But at 1 Hacker Way, there's no stopping the hacker culture - or the hackathon. A few days ago, amped Facebook staffers sprawled on couches and chairs, plugging away on laptops and filling white boards with software code as they took part in the company's 33rd hackathon. A communal room pulsed with techno music. Giant white motivational posters with bright red lettering lined the walls: "Fortune Favors the Bold" and "What Would You Do if You Weren't Afraid?"
BUSINESS
October 4, 2012 | By Jessica Guynn
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.
BUSINESS
August 24, 2012 | By Salvador Rodriguez
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.
BUSINESS
August 24, 2012 | By Salvador Rodriguez
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.
NEWS
October 5, 2012 | By Betty Hallock
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.
BUSINESS
May 15, 2012 | By David Sarno
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.
BUSINESS
August 24, 2012 | By Salvador Rodriguez
Facebook is on a mission to improve its Android app, going so far as to order employees to leave their iPhones at home and use the rival platform to get more familiar with it. Business Insider reports Facebook is taking this approach, citing as sources ex-Facebook employees and people familiar with the goings-on inside the Menlo Park company. Facebook confirmed the report to the Los Angeles Times on Friday, saying in an email that an important part of the company's products and features testing process involves Facebook employees putting unreleased products and features through "their paces before they launch.
BUSINESS
August 10, 2012 | Jessica Guynn
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.
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