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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.
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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 18, 2013 | By Chris O'Brien, Los Angeles Times
Samsung Electronics Co.'s and Apple Inc.'s battle to dominate the world's smartphone markets has mostly been waged from their respective sides of the Pacific. Now the South Korean tech giant is storming rival Apple's backyard, launching an aggressive expansion into Silicon Valley. Samsung has opened a new innovation center in Menlo Park, Calif. A research and development lab is planned for San Jose. A start-up incubator is cooking in Palo Alto. And its most audacious undertaking: erecting a massive new semiconductor campus with a distinctive design destined to compete with Apple's proposed spaceship-like campus for the title of Silicon Valley's most distinctive architectural landmark.
BUSINESS
May 18, 2012 | By Andrew Tangel
NEW YORK - The big pop in Facebook Inc. shares never came. Buyers did not rush into the market to snap up shares of the social networker. And the big Wall Street banks that brought Facebook public scrambled to prevent the stock from collapsing into declines. The underwriters averted a potential debacle by scooping up shares of the company during the Nasdaq debut. This propped up the stock, keeping it above the $38 offering price through most of the day. “When a deal gets priced and breaks price on the first day, that's definitely a major embarrassment," said trader Andrew Frankel, co-president of Stuart Frankel & Co. "But it didn't do that here - at least for the time being.” The practice is pretty standard during IPOs, especially high-profile ones like Facebook.
BUSINESS
August 6, 2008 | From Times Staff and Wires
Facebook Inc., operator of the most popular social-networking site, will allow employees to cash in on their ownership stakes in the company. Palo Alto-based Facebook didn't disclose details of the one-time program.
BUSINESS
December 12, 2008 | from times wire reports
Washington Post Co. Chairman Donald E. Graham is joining the board of Facebook Inc., connecting the popular Internet hangout with a media industry veteran. Based in Palo Alto, privately held Facebook has about 130 million members who use the website to share information with their friends and family.
BUSINESS
May 17, 2012 | By Deborah Netburn
$19.1 billion dollars. That's how much Mark Zuckerberg is worth after Facebook Inc. sold 421.2 million shares valued for $38 each on Thursday. Not bad for a guy who just celebrated his 28th birthday Monday. Zuckerberg, who first showed up on Forbes' billionaires list in 2008 with an estimated net worth of $1.5 billion, is now richer than Google co-founders Sergey Brin and Larry Page, Bloomberg reports. Facebook: Road to IPO However, he's not quite as wealthy as Microsoft founder Bill Gates, who is worth $60.4 billion, or Oracle's Larry Ellison, who is worth $34.2 billion, according to Bloomberg's Billionaires Index . For that matter, Zuckerberg is also worth less than Michael Bloomberg himself, who Forbes estimates is worth $22 billion.
BUSINESS
March 26, 2008 | From Times Wire Services
Facebook Inc., the second-most-popular social-networking site, hired an executive from Internet search leader Google Inc. for the second time this month. Ethan Beard, who was director of social media at Google, will help run business development at Palo Alto-based Facebook, the company said. Facebook named Google veteran Sheryl Sandberg operating chief March 4.
BUSINESS
June 27, 2008 | From Times Wire Services
Facebook Inc., the world's largest social-networking website, didn't engage in fraud when it settled a lawsuit accusing founder Mark Zuckerberg of stealing the idea for the company, a judge ruled. U.S. District Judge James Ware in San Jose said the settlement with ConnectU Inc., a site operator, was binding and enforceable. The accord to end the 4-year-old dispute was reached in February after mediation.
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