February 19, 2014 |
SAN FRANCISCO -- Facebook has agreed to buy popular mobile messaging company WhatsApp for about $16 billion in cash and stock, the giant social network said Wednesday. WhatsApp's current owners would get $4 billion in cash and about $12 billion in Facebook shares. In addition, $3 billion in restricted stock units would be granted to WhatsApp's founders and employees. The stock units would vest over four years after the deal closes. If it goes through, the blockbuster deal would hand Facebook a mobile messaging service that is especially popular with young people. More than 450 million people use the service each month.
February 16, 2014 |
The 10th birthday of Facebook last week caused me to recall my miserable pre-Facebook existence, when methods of procrastination were sorely limited. As a stay-at-home writer, phone calls were unruly and hard to control. What if the other person wanted to tell a long story? What if she wanted me to really pay attention? I could have a bit of contact with the outside world by scanning the newspaper or listening to the radio. But for me the switch in media was too jarring and tended to trigger frantic snacking, which often led to napping.
February 4, 2014 |
Happy birthday, Facebook. You're turning 10 today, but I still remember when you were just a baby. When I could only be a part of the site with my .edu email address - and I couldn't even connect with my friends back home because their colleges didn't have access yet. Remember when you made all our status updates start with “is”? Oh, and that time you had “the” in your name. Everyone balked pretty much every time you changed your look, but most of us stayed despite our threats to go. Now so much has changed, my father is in the habit of “dadding up” my Facebook wall by liking and commenting on almost everything I post.
January 29, 2014 |
SAN FRANCISCO -- With a little help from its billion or so friends, Facebook seems to have cracked the code on how to turn the world's largest social network into a moneymaking machine. The giant social network which began as a project in Mark Zuckerberg's dorm room keeps growing steadily and profitably by peddling ads to its users all over the planet, whether they log in from desktops or increasingly from mobile devices. In the process, it has won over once skeptical investors by releasing a string of impressive quarterly reports, the latest on Wednesday.
December 20, 2013 |
SAN FRANCISCO -- Facebook and two company insiders including Chief Executive Mark Zuckerberg have agreed to sell 70 million shares for $55.05 apiece. Zuckerberg, along with the Menlo Park, Calif., company and board member Marc Andreessen, said this week that they would offer 70 million shares of Class A stock in a follow-on sale. It is Facebook's first follow-on offering since its initial public offering in May 2012. The offering, which would raise $3.85 billion, comes as Facebook joins the Standard & Poor's 500 index.
December 20, 2013 |
Mark Zuckerberg this month is donating nearly $1 billion worth of Facebook stock to a Silicon Valley charity as part of a pledge he's taken to devote half of his wealth to philanthropy. In total, Zuckerberg is donating 18 million shares to the Silicon Valley Community Foundation, which gives grants to other nonprofit organizations in the region that work in areas ranging from education to the environment. Based on the current price of Facebook's stock, the donation is worth about $985 million.
December 19, 2013 |
SAN FRANCISCO - Facebook Chief Executive Mark Zuckerberg is offering more than 41 million shares of Facebook stock to the public as part of a follow-on offering worth about $3.9 billion. Zuckerberg along with the company and board member Marc Andreessen are offering 70 million shares of Class A stock in the follow-on sale. It is Facebook's first follow-on offering since its initial public offering in May 2012. Zuckerberg, who is selling the shares to help pay taxes, will buy Class B shares that have greater voting power, so he will maintain his control over Facebook.
December 5, 2013 |
Being the sister to the man who connected more than a billion people through Facebook can cause you to get overshadowed, and Randi Zuckerberg is getting a little tired of it. Randi went on BBC's "Woman's Hour" radio program this week where she half joked that she is not just the sister to Mark Zuckerberg. "It must be awful, but do people always introduce you as Mark Zuckerberg's big sister?" "Woman's Hour" presenter Jane Garvey asked, to which Randi quickly replied "Yes. " PHOTOS: Top 10 ways to take advantage of the 'sharing economy' Randi then went on to explain that journalist Jeremy Paxman called her "Mark Zuckerberg's sister," but she mispronounced his name and called him "Jeremy Paxon.
November 20, 2013 |
SAN FRANCISCO -- Facebook Chief Executive Mark Zuckerberg is bringing young undocumented immigrants with engineering chops to Silicon Valley to "hack" immigration reform. Twenty young immigrants who came to the U.S. illegally as children are taking part in a "DREAMer Hackathon" on Wednesday at LinkedIn's Mountain View, Calif., headquarters. The young coders will break into small groups to build technology during the marathon programming session to push Congress to pass immigration reform.
October 18, 2013 |
SAN FRANCISCO -- Google can now sell ads on Facebook. The search giant announced on Friday that advertisers who buy ads across the Web through Google's DoubleClick service will soon be able to buy ads on Facebook's real-time ad bidding service FBX. The move signals a rare moment of cooperation between the two fierce competitors. DoubleClick allows advertisers to buy ads on dozens of ad exchanges. But when Facebook launched FBX in June 2012, it did not invite DoubleClick to take part.