Facebook proposes to end voting on privacy issues

NEW YORK (AP) — Facebook is proposing to end its practice of letting users vote on changes to its privacy policies, though it will continue to let users comment on proposed updates. The world's biggest social media company said in a blog post Wednesday that its voting mechanism, which ...
2012-11-22 07:53:09 +0000

Facebook stock down after post-IPO lock-up expires

NEW YORK (AP) — Facebook's stock price fell Wednesday, the day employees were eligible to start selling restricted stock in the company. A lock-up period that had prevented such sales expired on Monday. U.S. stock markets opened on Wednesday for the first time since Superstorm Sandy hit the ...
2012-10-31 17:46:13 +0000

Facebook 3Q results show mobile ad growth

NEW YORK (AP) — Facebook finally has proof that it can make money from mobile advertising. As part of Tuesday's third-quarter results, the world's biggest social media company disclosed for the first time that some 14 percent of its ad revenue came from mobile advertising. It started showing a...
2012-10-24 03:02:28 +0000

After Facebook posts, Pa. hostage-taker surrenders

PITTSBURGH (AP) — Klein Michael Thaxton hadn't been much of a Facebook devotee. He posted no status updates in two years on the social network. On Friday, though, he surfaced with a jarring post: "i cant take it no more im done bro." The 22-year-old Army veteran was on the 16th floor of a down...
2012-09-22 08:36:11 +0000

Zuckerberg: Time to 'double down' on Facebook

SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg hasn't enjoyed seeing his company's stock get pummeled on Wall Street this summer, but he is relishing the opportunity to prove his critics wrong. "I would rather be in a cycle where people underestimate us because I'd rather be underestimated,...
2012-09-12 02:03:00 +0000

Silicon Valley isn't sharing Facebook's misery

MENLO PARK, Calif. (AP) — Silicon Valley, it turns out, doesn't revolve around the stock prices of Facebook and its playful sidekick, Zynga. By most indications, tech companies in this hub of innovation are humming along, even as two of its rising stars endure steep declines in their stock pri...
2012-09-10 19:20:15 +0000

Facebook's stock tumbles after 1st public quarter

NEW YORK (AP) — Facebook's first earnings report as a public company had solid numbers, but in the end it landed with a thud — much like its rocky initial public offering two months ago. Facebook reported stronger-than-expected revenue and a gain in user numbers Thursday. But investors weren't...
2012-07-27 08:59:08 +0000

Yahoo, Facebook settle patent dispute, ad alliance

SAN FRANCISCO (AP) — Facebook and Yahoo have agreed to settle a patent dispute. This averts a potentially bitter battle over the technology running two of the Internet's most popular destinations. They have agreed to drop their lawsuits and license each other's patents. They are also agreei...
2012-07-06 20:47:09 +0000

Facebook draws user ire with email switcheroo

MENLO PARK, Calif. (AP) — Facebook has changed your email address. At least that's how many felt after a quiet but vast change in the way the company displays users' contact information. In yet another change to its website that irked users, Facebook replaced the email address you picked to di...
2012-06-26 17:16:32 +0000

Apple kicks Google Maps off iPhone, adds Facebook

SAN FRANCISCO (AP) — Steve Jobs' vendetta against Google remains alive, eight months after the Apple co-founder died feeling betrayed by a company he once embraced as an ally. Apple is escalating the feud between two of the world's most influential companies by dumping Google's mapping service...
2012-06-12 06:13:50 +0000

Kids could someday get on Facebook, without lying

NEW YORK (AP) — Though Facebook bans children under 13, millions of them have profiles on the site by lying about their age. The company is now testing ways to allow those kids to participate without needing to lie. This would likely be under parental supervision, such as by connecting childre...
2012-06-05 00:43:32 +0000

Facebook, 'Grey's Anatomy' win GLAAD awards

SAN FRANCISCO (AP) -- GLAAD likes Facebook. The social networking site won the Special Recognition Award at the Gay and Lesbian Alliance Against Defamation's 23rd annual Media Awards. Other honorees at Saturday's ceremony in San Francisco included "Grey's Anatomy" for drama series, "Days of...
2012-06-03 07:20:58 +0000

Facebook stock climbs, still down from IPO

NEW YORK (AP) — Facebook's stock is getting some relief, inching higher following a steep decline in the wake of its initial public offering. Shares of Facebook Inc. are up 43 cents to $29.27 in morning trading on Wednesday. That's still down about 23 percent from its IPO price of $38. Faceboo...
2012-05-30 17:28:37 +0000

Morgan Stanley may refund some Facebook investors

NEW YORK (AP) — Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter. The person said the firm is reviewing orders...
2012-05-25 01:31:26 +0000

Regulators probe bank's role in Facebook IPO

WASHINGTON (AP) — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. Rick Ketchum,...
2012-05-23 04:41:24 +0000

Stock market breaks losing streak; Facebook falls

NEW YORK (AP) — After three weeks of dumping stocks, investors finally found something to be hopeful about. Major U.S. indexes climbed Monday after falling every day last week. Investors latched on to weekend statements from China's Premier Wen Jiabao, who promised to boost the country's consu...
2012-05-21 19:41:01 +0000

Where are Facebook's friends? Stock down after IPO

NEW YORK (AP) — Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. By early afternoon, the stock was at $34.04, down 11 percent from Friday's closing price of $38.23. Investors and technology industry watche...
2012-05-21 18:53:35 +0000

Stocks fall on Europe worries; Facebook debuts

It's going to take more than Facebook's initial public offering to push the stock market higher. Facebook shares rose 23 cents above their $38 offering price. It seemed like everything else fell. The Dow Jones industrial average has been in a slump over the past two weeks as traders saw an ...
2012-05-19 17:46:14 +0000

FACEBOOK IPO LIVE: The social network goes public

NEW YORK (AP) — Facebook updated its status to "public company" on Friday. After an anxiety-filled half-hour delay, its stock began trading on the Nasdaq Stock Market for the first time as investors were finally able to put a dollar value on the company that turned online social networking int...
2012-05-18 20:36:52 +0000

Facebook stock debut fails to sizzle

NEW YORK (AP) — It was barely a "like" and definitely not a "love" from Facebook investors as the online social network's stock failed to live up to the hype in its trading debut Friday. One of the most highly anticipated IPOs in Wall Street history ended on a bland note, with Facebook's stock...
2012-05-18 22:20:57 +0000

Bono's $1.5 Billion Facebook Payday

Bono, Facebook IPO: U2 Singer To Become The World's Richest Musician -- It's a "Beautiful Day" to be Bono. As Facebook goes public, the U2 frontman could stand to make up to $1.5 billion off the widely anticipated IPO. The business-savvy, Irish rocker owns 2.3 percent of the shares of Fac...
2012-05-18 15:27:09 +0000

The Social Network: Where Are They Now? All the Stars (and Real People) From the Facebook Movie

Thanks to the movie The Social Network, we all became very familiar with the folks who helped bring about the social media giant known as Facebook. Now, with the company's IPO unleashing more than 400 million shares today, we thought it might be a good time to check in and see what's going on ...
2012-05-18 13:27:39 +0000

Facebook's $16 billion IPO one of world's largest

NEW YORK (AP) — Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight years ago with no way to make money. Facebook priced its IPO at $...
2012-05-17 22:00:01 +0000

Companies ask: Does advertising on Facebook pay?

NEW YORK (AP) — Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest automakers: Does it pay to advertise on the social network? General Mot...
2012-05-17 01:43:33 +0000

'Casablanca' On Facebook: When Classic Films Meet Social Networking Sites

"Casablanca" and Facebook: the beginning of a beautiful friendship? (Couldn't help it.) To celebrate the 70th anniversary year of "Casablanca" -- and the recent release of a special edition "Casablanca" Blu-ray set -- Warner Bros. Digital Distribution will "screen" the classic Hollywood drama ...
2012-05-15 20:32:18 +0000