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.
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 12, 2013 |
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.
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.
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...