April 3, 2013 |
SAN FRANCISCO -- Is mobile clicking for Facebook Inc.? Facebook's initial public stock offering in May was dashed after the social network said it wasn't making "any significant revenue" from mobile even though more than half of its users checked the service on mobile devices. With its stock price plunging, Facebook Chief Executive Mark Zuckerberg acknowledged in September: "We've had a bunch of missteps" in mobile. But in the background, Facebook has already powered up the turbo boosters.
November 30, 2007 |
Bowing to pressure from a mass online protest, Facebook Inc., the fast-growing and popular social networking website, reversed course Thursday on a controversial new advertising program and said it would no longer alert users' friends about what they do and buy on the Web without their explicit permission. Beacon, an online tracking tool introduced last month, keeps tabs on the goods and services that Facebook's 55 million users buy or rent on partner sites such as Fandango.com and Blockbuster.
February 27, 2009 |
The Facebook nation is turning into a democracy. Facebook Inc. on Thursday invited its 175 million members to help govern the social network by reviewing, discussing and voting on the website's rules. "This is really about us trusting our users," Chief Executive Mark Zuckerberg said in a conference call with reporters to discuss the changes.
June 20, 2008 |
Matt Cohler, a senior Facebook Inc. executive and one of the early employees of the social networking phenom, is leaving to become a general partner with Benchmark Capital. The departure comes at a crucial time for Facebook, which has risen to become one of Silicon Valley's hottest companies. Microsoft Corp. and other investors last year gave the 4-year-old venture a $15-billion valuation.
January 17, 2008 |
The companies that make Scrabble are trying to shut down Scrabulous, an online version of the game that is one of the most popular applications on the social-networking website Facebook. Hasbro Inc., which owns the rights to the crossword game in the U.S. and Canada, and Mattel Inc., which owns the rights elsewhere, believe that the Facebook game infringes their copyrights and trademarks. Scrabulous listed more than 600,000 daily active users on Facebook as of Wednesday.
February 26, 2007 |
As the mastermind of Facebook.com, Mark Zuckerberg is sitting on a potential gold mine that could make him the next Silicon Valley whiz kid to strike it rich. But the 22-year-old founder of the Internet's No. 2 social-networking site also could become the next poster boy for missed opportunities if he waits too long to cash in on Facebook Inc., which is expected to generate revenue of more than $100 million this year.
December 6, 2007 |
The online advertising system that was supposed to light Facebook Inc.'s way to riches has created such a storm of negative publicity that Chief Executive Mark Zuckerberg personally apologized Wednesday and told users they could turn it off. In a mea culpa designed to appease the social networking site's more than 57 million users and the marketers trying to reach them, Zuckerberg said Facebook should have responded to the public outcry sooner.
November 7, 2007 |
Facebook Inc. wants to turn the members of its popular online hangout into champions of the brands that advertise there. Trying to mine its commercial potential, the social networking site Tuesday unveiled an advertising strategy that piggybacks on one of its most powerful features: the news feed, which shows users a streaming list of what their friends are doing. Facebook hopes the news feed also will help users promote its advertisers.
November 18, 2007 |
Google Inc. is used to being the center of attention, the giant that executives at other Internet companies wish Silicon Valley would shut up about already. For the moment, they've got their wish. People here can't stop talking about Facebook Inc. Commanding their attention: the social networking site's rocketing growth, cheeky business strategies and staggering valuation. Microsoft Corp. last month took a small stake in Facebook that valued the company at $15 billion.
October 25, 2007 |
Microsoft Corp. emerged Wednesday with a rare triumph over archrival Google Inc., winning the right to invest in Facebook Inc. in a deal that valued the social networking upstart at a staggering $15 billion. Microsoft is betting that online social networking is the marketing platform of the future, letting advertisers narrowly target their brands to people who group themselves around such affinities as the Lakers or French cooking.