November 7, 2007 |
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.
February 11, 2010 |
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.
March 26, 2010 |
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.
January 12, 2011 |
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.
May 27, 2011 |
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.
August 14, 2009 |
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.
May 11, 2012 |
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.
May 22, 2010 |
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.
February 1, 2012 |
Facebook has filed papers for what's expected to be the largest initial public offering ever to come out of Silicon Valley and one of the largest in U.S. history. Ending months of breathless speculation, the 8-year-old social networking company has submitted registration documents with the U.S. Securities and Exchange Commission that set a preliminary goal of raising $5 billion. Facebook is expected to be valued at $75 billion to $100 billion. Final pricing will not be set for months, and the size of the IPO probably will increase with investor demand.
February 24, 2010 |
In a battle to woo back Web surfers who are spending more time on social networking sites, Internet portal Yahoo has clinched a deal with Twitter to share content across both properties. Yahoo reached a similar agreement with Facebook in December, making it easier for users to share Facebook status updates and other information. Twitter offers millions of messages posted every minute. "The information in one single tweet can travel light years farther with this Yahoo integration," Twitter co-founder Biz Stone said in a statement.