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BUSINESS
February 21, 2014 | By Jessica Guynn
SAN FRANCISCO - The $19 billion that Facebook Inc. is paying for a smartphone app, one of the biggest tech deals of all time, made jaws drop even in Silicon Valley, where entrepreneurs tend to have an inflated sense of their own worth. "It's 19 Instagrams," observed serial start-up entrepreneur Adam Rifkin, referring to the $1 billion Facebook paid for the popular photo-sharing app in 2012. But analysts say the purchase of WhatsApp could pay off for Facebook as it takes on Google Inc. and other technology giants in the escalating arms race to be the next big thing in mobile.
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BUSINESS
December 30, 2007 | From Times Wire Services
Match.com, an old standby of online dating, wants to make some new connections among the fast-growing number of Facebook users worldwide. Dating website Match.com, owned by media mogul Barry Diller's IAC/InterActiveCorp, has launched two features that bring greater social networking capabilities to its more than 15 million Match.com members and to the roughly 58 million active users of privately held Facebook. Match.
BUSINESS
February 21, 2008 | From Reuters
MySpace, the top social networking site owned by News Corp., is in talks to create an online music joint venture with the four biggest record companies, sources familiar with the discussion said Wednesday. The talks are part of Rupert Murdoch's plans to distinguish MySpace, a haven for new music fans, from fast-moving rival Facebook as the premier destination for digital media. Plans for the service, tentatively named MySpace Music, are still in the discussion phase.
ENTERTAINMENT
July 29, 2007 | David Sarno, Times Staff Writer
BROWSE any Facebook profile set up by a relatively active user and you're likely to hit on a cache of personal information that, until very recently, would've been impossible to get unless you hired a private detective to follow the person for six months.
BUSINESS
March 24, 2009 | TIMES WIRE REPORTS
Netflix Inc. said it had linked with social-networking website Facebook, allowing subscribers of the largest U.S. mail-order movie service to share their film ratings with Facebook friends. Ratings of one to five stars will show on a user's Facebook profile if a Netflix member has enabled the Facebook Connect function, Netflix said. Financial terms weren't disclosed.
BUSINESS
February 26, 2013 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - Corporate America's most famous working mother has banned her employees from working at home. Now the backlash is threatening to overshadow the progress she has made turning around Yahoo Inc. Marissa Mayer, one of only a handful of women leading Fortune 500 companies, has become the talk of Twitter and Silicon Valley for her controversial move to end telecommuting at the struggling Internet pioneer. VIDEO DISCUSSION: Is Yahoo's telecommuting ban too severe?
BUSINESS
April 11, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — How does a 28-year-old make $400 million in 18 months? With the right idea at the right time in mobile apps for smartphones. Kevin Systrom won the start-up sweepstakes this week when Facebook Inc. said it would pay $1 billion in cash and stock for his photo-sharing app maker, which has a loyal following of 30 million users but never made a dime. Facebook Chief Executive Mark Zuckerberg called Systrom to personally negotiate the deal for the social media giant, which is expected to fetch a valuation of $100 billion as soon as next month when it begins selling shares to the public.
BUSINESS
November 13, 2009 | Times Wire Reports
The number of Americans using Twitter dropped 8% in October from September, marking the second monthly decline for the social-networking site this year, according to research firm ComScore Inc. Twitter Inc., the No. 3 social-networking site in the U.S., had 19.2 million users in October, ComScore said. The company had growth of less than 1% in September and declined in August. October's number was still up more than 13-fold from the year-earlier period. The month-to-month drop contrasted with a 2% increase for users of Facebook Inc., the most popular social network.
BUSINESS
March 30, 2014 | By Chris O'Brien and Jessica Guynn
SAN FRANCISCO - It's becoming a familiar scene in everybody's favorite city - luxury shuttles with Wi-Fi and plush seats barreling past sluggish, dilapidated city buses crammed with local residents standing elbow to elbow. The nerd convoy, ferrying workers to technology companies in Silicon Valley, has raised the ire of civic activists who see it as a symbol of a divide between the haves and have nots as the region's tech boom has sent housing costs and evictions soaring. But as heated as that backlash has become at times, it has obscured a much broader story that these buses have to tell about changes sweeping across not just San Francisco but also the entire Bay Area.
BUSINESS
July 31, 2011 | By Jessica Guynn, Los Angeles Times
The gig: Andrew Bosworth, 29, is the director of engineering at Facebook Inc. and inventor of the social networking site's News Feed, a feature that broadcasts what your friends are doing on Facebook. He created the Palo Alto company's engineering boot camp, which helps new recruits get up to speed on Facebook's computer code and culture. A photographer who takes snapshots of company events, he's also something of an unofficial Facebook historian. Lucky encounter: Bosworth met his future boss at Harvard University in 2004.
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