How you help Facebook make billions
Every post you 'like.' Every friend you add or fan page you join. Every place you check in, and every Web page you recommend. To you, those are ways to enjoy, expand and improve your experience on Facebook. To Facebook, they're the building blocks of a multibillion-dollar company.
Facebook to sell 25% more shares
Facebook announced Wednesday that 25% more shares of the company will be sold in its planned initial public offering later this week. The additional shares, disclosed in a filing with the Securities and Exchange Commission, could fetch an extra $3 billion, bringing the total raised through the initial share sale to as much as $16 billion.
Facebook Offers Users a Megaphone for Hire
The new service is currently only available in New Zealand. There, Facebook users can pay US$2 to 'highlight' a post, making it more visible to a greater number of their Facebook contacts. Users can pay via credit card or PayPal. Facebook confirmed the trial launch and said it was one of many ideas it's considering to increase user
How Facebook insiders are preparing to be millionaires
As Facebook prepares to go public, the vultures are circling around its fresh crop of paper millionaires. It's a Silicon Valley ritual: When money seems imminent, wealth managers flock in to help the newly rich navigate their altered financial landscape. 'When you raise money or go public, all of these people see dollar signs and
General Motors gives Facebook the boot ahead of $100bn share sale
General Motors, the world's biggest car company, has unfriended Facebook just days before the social media giant is planning a stock market sale that is expected to value the company at $100bn. The auto giant confirmed that it will no longer pay for advertising on the social network, deciding instead to concentrate on Facebook pages,
Boot up: Skylanders v Angry Birds, smart TV analysed, Facebook swallows Lightbox and more
A quick burst of 8 links for you to chew over, as picked by the Technology teamChanged since last week. Slides from a presentation by Jason Grigsby about smart TV. The key problem with Smart TV right now: you can't know whether or what you're supplying content to. In June 2009, Microsoft issued security update MS09-027, which
Facebook raises IPO range to $34-$38 a share
Facebook now expects to price its shares at $34 to $38 each, up from the $28 to $35 range it set earlier this month, according to its latest filing with the Securities and Exchange Commission early Tuesday. Facebook executives and the company's IPO underwriters have spent the past two weeks on the road meeting with potential investors and
Facebook raises price range ahead of IPO
Facebook has increased the price range of its stock in what will be Silicon Valley's biggest-ever initial public offering to raise more than $12bn (£7.4bn), giving the social network a valuation that could exceed $100bn. The company founded in a Harvard dorm room by Mark Zuckerberg, who turned 28 on Monday, has raised the price target of
Facebook hikes IPO range to raise $12.1 billion
Facebook Inc has increased the price range in Silicon Valley's biggest-ever initial public offering to raise more than $12 billion, giving the No.1 social network a valuation potentially exceeding $100 billion. The company founded in a Harvard dorm room by Mark Zuckerberg raised the price target range to between $34 and $38 per share in
Facebook IPO overvalued at $96bn, say investors
Facebook is overvalued at the $96bn (£60bn) price tag it is seeking from its initial public offering next week, according to an investor poll. A day after the social media giant issued a warning that rapid gains in mobile users may not translate into advertising growth, a poll of traders, analysts and investors conducted by the Bloomberg
Facebook co-founder renounces U.S. citizenship
Eduardo Saverin, one of Facebook's four co-founders, has renounced his U.S. citizenship, according to the Internal Revenue Service. The expatriation, first reported by Bloomberg, comes just before the social network is expected to launch an initial public offering of its stock next week. It's possible that the move will help Saverin
Facebooks Zuckerberg says mobile first priority
Facebook CEO Mark Zuckerberg, whose limited role in promoting the No. 1 social network's market debut has drawn criticism, laid out its growth strategy to investors on Friday, saying that transforming its mobile and advertising experience are top priorities in 2012. Integrating online apps more strongly into Facebook is also a major goal,
Analysis: Facebook friends Itaú BBA in nod to Brazil growth
For most people, Facebook is a way to connect with friends and family all over the globe. For Brazilian investment bank Itaú BBA, Facebook could help it forge connections with the elite banks that handle the world's biggest financial deals. Itaú BBA last week won a coveted role on Facebook Inc's (FB.O) IPO advisory team, becoming one of
Facebook announces app center, paid apps
Facebook users who haven't yet discovered the joys of FarmVille or plugged in to the sounds of Spotify will be getting an easier way to find apps that run on the site. On Thursday, the site unveiled Facebook App Center, a clearinghouse for social apps that sounds a lot like Apple's online store.
Facebook to sell apps through new online hub
Facebook Inc unveiled a new hub for consumers to find games and other apps on the social network, including its first storefront for selling paid apps, in the company's latest effort to expand the ways it makes money from its massive audience. The new App Center, which Facebook said will launch in the next few weeks, comes as the company
Abraham Lincoln didnt invent Facebook (except on the Internet)
To paraphrase 'The Social Network,' if Abraham Lincoln had invented Facebook, he would have invented Facebook. But in a tall tale that would have made the Great Emancipator proud, a blog post saying that he did just that was making the rounds Wednesday. And some online media outlets were quick to
Facebook employees face $4 billion tax bite
Facebook founder Mark Zuckerberg won't be the only one collecting billions from Facebook's initial public offering: Uncle Sam and the state of California are also poised to cash in big. Tax collectors will be taking a giant bite out of the paper millions that thousands of Facebook employees will soon gain. The average tax hit: $1.1
Zuckerberg courts investors in Facebooks online road show
Facebook CEO Mark Zuckerberg tends to play recluse with investors, but he has a starring role in the digital 'road show' Facebook released late Thursday. The road show is a hallowed ritual on the path for a company pursuing its IPO. Top executives meet privately with large and powerful investors, fielding their questions and pitching them
