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BUSINESS
November 7, 2007 | Jessica Guynn, Times Staff Writer
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.
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BUSINESS
February 11, 2010 | By Ben Fritz and Jessica Guynn
In the latest blow to what was once the jewel of News Corp.'s digital empire, MySpace Chief Executive Owen Van Natta unexpectedly exited Wednesday after less than 10 months on the job. Van Natta's departure comes as the media conglomerate struggles to reshape MySpace, a former giant in social networking that has been overtaken by Facebook and confronts new challengers such as Twitter. MySpace's rapid decline also illustrates the perils of placing big bets on digital media, where websites can quickly rise and fall by the mouse clicks of fickle users.
BUSINESS
January 12, 2011 | Dawn C. Chmielewski and Jessica Guynn, Los Angeles Times
Rupert Murdoch, the head of media giant News Corp., was brimming with confidence when his firm's Myspace was the reigning social networking site three years ago, noting it was "not just looking up friends," as rival Facebook was doing. Now Myspace could use some friends. Hobbled by dramatic declines in advertising revenue and monthly visitors, Myspace announced a sweeping restructuring Tuesday that will result in the loss of 500 jobs worldwide, or about 47% of the workforce at the Beverly Hills company.
BUSINESS
May 27, 2011 | By Jessica Guynn, Los Angeles Times
Facebook Inc. fired back at a New York pellet salesman who claims he's entitled to part of Mark Zuckerberg's stake in Facebook. In a court filing, the Palo Alto company alleges that Paul Ceglia doctored a 2003 contract with Zuckerberg that he says entitles him to as much as half of Zuckerberg's stake in Facebook. Last month, Ceglia filed an amended complaint in U.S. District Court in Buffalo, N.Y., that included excerpts from alleged email exchanges between him and Zuckerberg that he said supported his claim.
ENTERTAINMENT
March 26, 2010 | By Jenn Garbee
After unpacking takeout from a nearby diner, Eileen Funke knocks on the glass doors of several group work spaces flanking the communal lounge at the Writers Junction, a membership-based office that opened recently in Santa Monica. "Lunch is here," announces Funke, whose self-appointed duties as co-owner and general manager include orchestrating occasional group lunches. Poet Ashaki Jackson emerges from one of the designated "quiet" rooms, where talking and cellphones are not permitted, and settles into the dining chair next to Funke and Alyss Dixson, a former Paramount Pictures production vice president-turned-novelist.
BUSINESS
May 11, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - California is one step closer to becoming one of the first states to ban companies from asking job seekers and workers for their user names and passwords on Facebook and other social networking websites. The state Assembly on Thursday passed a bill sponsored by Assemblywoman Nora Campos (D-San Jose) that would make anything workers designate as private on social networks off-limits to employers. The bill, which passed the Assembly without a dissenting vote, now goes to the California Senate.
BUSINESS
August 14, 2009 | David Colker
Think of it as the digital camera for the lonely. Samsung unveiled a camera Thursday with a view screen on the front as well as on the back. And why would people want this DualView camera, as Samsung calls it? To take pictures of themselves. "The growing popularity of social networking sites has given rise to the self-portrait," Samsung said in its news release, "with many consumers turning their digital cameras on themselves." Many who have used social networking or dating sites can relate to holding a camera at arm's length in front of themselves while snapping a picture.
BUSINESS
March 7, 2012 | By Jessica Guynn, Los Angeles Times
Israeli President Shimon Peres praised Facebook Inc. as a vehicle for social change during a visit to the social networking company's Menlo Park, Calif., campus. Peres, 88, came to Facebook on Tuesday to launch his official personal page on the site that he hopes will open a dialogue with Arabs throughout the world and to meet with Facebook founder and Chief Executive Mark Zuckerberg. "The matter of peace is no longer the business of governments but the business of people," Peres told Facebook's chief operating officer, Sheryl Sandberg, in an interview streamed live on Facebook.
BUSINESS
July 1, 2012 | By Jessica Guynn, Los Angeles Times
The gig: June was a busy month for David Sacks, chief executive of Yammer, which helps companies create private social networks where employees can chat, share documents and work together on projects. First, Sacks rented the Fleur de Lys mansion in Los Angeles and threw himself a lavish "Let him eat cake" Marie Antoinette-themed costume party for his 40th birthday with hundreds of friends including Snoop Dogg. Then just this past week he sold his 4-year-old San Francisco start-up to Microsoft for $1.2 billion in an all-cash deal.
BUSINESS
May 22, 2010 | By Jessica Guynn, Los Angeles Times
Facing growing protests over its handling of users' personal information, Facebook plans to make changes to the privacy settings available on the world's largest social networking website. But the steps, to be unveiled as early as next week, may not go as far as critics would like. Lawmakers, regulators, privacy watchdogs and some Facebook users have unleashed a storm of criticism of the Internet company since it launched a program that shares user data with three third-party websites.
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