The photo-based social network Instagram saw its 100 millionth user join the site on Tuesday, according to Mark Zuckerberg, the CEO of Facebook, which purchased Instagram for $1 billion in April.
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, fell more than 2 percent in early Monday trading after co-founder Dustin Moskovitz disclosed he’s dumped more shares, a week after the Menlo Park, Calif., company tried to erect a firewall by announcing buybacks and other measures. The latest sales came after Moskovitz dumped about a million shares in August.
Nokia Corp, Telefonica, ABB Ltd, Procter & Gamble, ArcelorMittal, Facebook, Abercrombie & Fitch, Citigroup and Groupon Inc are among the companies whose shares are moving in pre-market trading Thursday.
A firewall set up late Tuesday by Facebook (Nasdaq: FB), the No. 1 social networking site, appears to be holding: shares rose 45 cents to $18.17 in early Wednesday after CEO Mark Zuckerberg promised not to sell any more shares for at least a year.
Facebook's (FB) stock continued to witness swinging fortunes as its prices hit an all-time low of $17.55 Tuesday before closing at $17.72, almost 1.82 percent lower than the previous close. Amidst the fluctuating fortunes, CEO Mark Zuckerberg declared that he would not sell any shares at least for another one year.
Facebook Inc. (Nasdaq: FB) co-founder Dustin Moskovitz has sold 450,000 shares of his old company for around $8.7 million, according to a regulatory filing, but when it comes to his own ventures, expect him to remain independent.
The U.S. Federal Trade Commission has approved the acquisition of private Instagram of San Francisco by Facebook (Nasdaq: FB), the No. 1 social networking site, the companies said. Originally priced at $1 billion, the value of the deal has shrunk to only about $750 million because of the slide in Facebook shares.
The good news for investors in Facebook (Nasdaq: FB), the No. 1 social networking site, is that the shares didn’t set a new, post-initial public offering low on Wednesday. But they have come close, trading as low as $18.96 before recovering to $19.40, up 24 cents in late trading.
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Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, plunged more than 5 percent when the market opened Thursday, as insiders were free to unload as many as 241 million shares.
Thursday frees holders of as many as 271 million shares of Facebook (Nasdaq: FB), the No. 1 social networking site, to sell them for the first time since the first-day trading fiasco on May 18, when shares that had been priced at $38 first traded at $42.05, then didn’t trade for 30 minutes and closed at $38.23.
Dalton Caldwell, the digital entrepreneur who sometimes enjoys writing angry open letters to Mark Zuckerberg, believes people would prefer a paid version of Twitter where they're not constantly sold to by advertisers, but one where developers and the users are the center of the social experience. Caldwell said he was "inspired to build exactly the service I wanted manifested myself," which he calls App.Net. Now that he's successfully raised his funds, here comes the tough part: Makin...
Facebook (Nasdaq: FB), the No. 1 social networking site, has finally settled charges with the U.S. Federal Trade Commission that it deceived members about their privacy rights. Although it won’t pay a fine, it agreed to be monitored by the FTC for 20 years. If violations are found, it could be subjected to civil penalties up to $16,000 per offense.
Friday marks 13 weeks since the first public trading in shares of Facebook at $42. Now it's near $21.
The past week was not kind to billionaire Mark Zuckerberg, chairman and CEO of Facebook Inc. Capping it all was word that Zuckerberg had lost his place among the 10 richest technology billionaires, at least temporarily. How can Zuckerberg climb his way back to the top?
Facebook founder and billionaire CEO Mark Zuckerberg's sister Arielle is reportedly working at Google. This news caused a lot of chatter among the technorati, including buzz about whether or not a collaboration between the two Internet giants is in the works.
Facebook Inc. (Nasdaq: FB), the world's largest social networking platform, is expected to post a profit in its first quarter as a publicly traded company following revenue growth in the April-through-June period.
Mark Zuckerberg , CEO of Facebook Inc is expected to meet with Wal-Mart Stores Inc.'s CEO Mike Duke this Friday in Bentonville, Arkansas to discuss strategy to deepen relations between both the companies.
As investors await second-quarter earnings from leading technology companies, several warning signs indicate that save for special cases, it won?t be a blow-out.
Estimates have The Amazing Spider-Man finishing the weekend atop the movie box-office standings, raking in $65 million in U.S. and Canadian sales. Overall, it has grossed $140 million since its U.S. release on July 3.
Facebook already knows what you Like. Soon, it may ask you what you Want. Web developer Tom Waddington discovered on June 28 that Facebook had included code for a disabled Want button within the Javascript of its list of social plug-ins.
Padmasree Warrior, the veteran chief technology officer for Cisco Systems (Nasdaq: CSCO), the No. 1 provider of Internet equipment, will now also run the company?s strategy office.
