Facebook CEO Mark Zuckerberg has announced Facebook is acquiring Instagram in a deal worth US$1bn. The photo-sharing start-up recently passed 30m members. Particularly since picking up a slew of new users with its Android app launch, Instagram has become one of the most important for taking and sharing photos on mobile devices, so it makes perfect sense that Facebook would want the
Browsing: Mark Zuckerberg
Facebook‘s counsel asked courts to dismiss a case against founder Mark Zuckerberg on Monday, involving plaintiff Paul Ceglia, who claims…
When you can’t beat them, sue them. That seems to be the modus operandi of Yahoo, a former Web star whose fondness for lawyers has grown as its commercial fortunes have faded. On 12 March, the ailing company sued Facebook, alleging that the social networking giant had violated 10 patents that belong to it. Yahoo’s aggressive move has sparked
Last week, Facebook took the first step to becoming a public company by filing its S-1 documents with the US Securities and Exchange Commission. Enormous figures are being bandied about but, as with Google, which listed the year Facebook was founded, the question investors
Mark Zuckerberg, Facebook’s founder and chief executive, has talked for years about the notion of a “social graph” which connects people to their friends and all of the things they are interested in. By encouraging hundreds of millions of people to share their deeds and reveal their
It all began as a lark. Mark Zuckerberg posted pictures of his fellow Harvard students online to let viewers comment on who was hot and who was not. Eight years later, Facebook is one of the hottest companies in the world. On 1 February the social network
Just over a year ago I asked whether Facebook was really worth US$50bn. On Thursday I got my answer: no, it’s worth more like $100bn. After years of flirting with the market, Facebook has finally opened its kimono and started the process of offering its shares for public trading. On 1 February
Mark Zuckerberg controls a majority of Facebook’s voting rights, and will continue to enjoy that control after it goes public, according to an unusual arrangement he struck with some key investors and colleagues among Facebook’s shareholders. A string of voting arrangements outlined
Facebook has filed its S-1 form with the US Securities and Exchange Commission (SEC), announcing its intention to go public. The stock ticker symbol will be FB. No starting price has yet been named, but Facebook did say in the filing it expects to raise
Facebook’s core values include a powerful, results-orientated, anti-theoretical philosophy called the “Hacker Way”, according to founder Mark Zuckerberg. “The Hacker Way is an approach to building that involves continuous improvement and iteration,” Zuckerberg writes