Advertisement
YOU ARE HERE: LAT HomeCollectionsFacebook Inc
IN THE NEWS

Facebook Inc

BUSINESS
October 25, 2007 | Joseph Menn and Jessica Guynn, Times Staff Writers
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.
Advertisement
BUSINESS
June 15, 2013 | Jessica Guynn
Facebook Inc. and Google Inc. want people the world over to trust them with the most intimate details of their lives. Now both Silicon Valley companies are fighting to preserve that trust in the wake of damaging revelations that they turned over users' data to the National Security Agency's secret Internet surveillance program. Facebook and Google each vigorously deny they gave the U.S. government special access to their servers or complied with broad requests for users' information and communications.
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.
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
April 5, 2013 | By Jessica Guynn and Andrea Chang, Los Angeles Times
MENLO PARK, Calif. - Mark Zuckerberg has set into motion his most ambitious plan yet to make Facebook Inc. the world's dominant form of communication. Facebook's chief executive on Thursday unveiled Facebook Home, software that transforms smartphones and tablets into devices ruled by the giant social network. It digitally shoves aside every other app on the device and allows Facebook to take over the home screen with status updates, photos and messages. For years it was rumored that Facebook - spurred by a firestorm of doubt about its ability to make the business leap to mobile devices - would design and manufacture its own phone.
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
March 28, 2008 | From Reuters
Social networking site Facebook has closed a second $60-million investment round with Hong Kong billionaire Li Ka-shing through his foundation, a source familiar with the deal confirmed Thursday. The source said the deal valued Facebook at $15 billion, as did a $240-million stake Microsoft Corp. took in October. The deal boosts Li's holdings in Facebook to $120 million, including an earlier $60-million round late last year. Li's investment was made by the Li Ka Shing Foundation.
BUSINESS
August 17, 2012 | By Walter Hamilton and Jessica Guynn, Los Angeles Times
The deepening slide inĀ  Facebook Inc.'s stock is fueling talk once considered implausible on Wall Street and in Silicon Valley. Should Mark Zuckerberg, the social media visionary but neophyte corporate manager, step aside as CEO to let a more seasoned executive run the multibillion-dollar company? In that scenario, Zuckerberg would remain as the creative force propelling Facebook's technological innovation. But the 28-year-old would cede the CEO title to someone better suited to overseeing operations and building rapport with finicky investors - mundane but essential duties for which Zuckerberg has shown little appetite or aptitude.
Los Angeles Times Articles
|