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Facebook, Instagram crack down on gun sales on social networks

SAN FRANCISCO (Reuters) - Facebook Inc and its photo sharing subsidiary, Instagram, will delete posts offering to buy or sell guns without background checks, Facebook announced on Wednesday. In an effort to curb what gun control advocates say is the increasing use of the social networks to circumvent checks and controls on firearms sales, Facebook and Instagram will also bar users under 18 from viewing gun offers posted by individuals or groups.

Facebook in talks to acquire drone company for $60 million: reports

SAN FRANCISCO (Reuters) - Facebook Inc is in talks to buy drone maker Titan Aerospace for $60 million, according to media reports. The high-flying drones would give Facebook, the world's No.1 Internet social network, the ability to beam wireless Internet access to consumers in undeveloped parts of the world, according to the technology blog TechCrunch. TechCrunch first reported the deal late on Monday, citing an anonymous source.

Facebook's Zuckerberg paints long-term vision for WhatsApp, getting everyone online

NEW YORK, N.Y. - Mark Zuckerberg, known for his outsized ambitions for Facebook, is applying a similar long-term vision to bringing the Internet to the billons of people around the world who don't already have access. The 29-year-old CEO of Facebook Inc. discussed long-term plans for a world in which everyone is able to get online during an on-stage interview at the Mobile World Congress in Barcelona, Spain on Monday.

Facebook CEO riding high - for now, after WhatsApp deal

By Alexei Oreskovic and Leila Abboud SAN FRANCISCO/BARCELONA (Reuters) - Facebook Inc Chief Executive Officer Mark Zuckerberg will take a victory lap at the world's largest mobile technology conference in Barcelona on Monday, after beating out Google Inc in a $19 billion acquisition of free messaging service WhatsApp. But he is facing a new arduous race on the horizon.

Wall Street sees sense in Facebook's $19 billion WhatsApp buy

By Soham Chatterjee and Saqib Iqbal Ahmed (Reuters) - Facebook Inc's purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will solidify the social network's position as a leader in mobile. Facebook shares closed up 2.3 percent at $69.63 after falling as much as 3 percent in early trading as investors got over the initial sticker shock of the deal value.

Wall Street sees sense in Facebook's $19 billion WhatsApp purchase

By Soham Chatterjee and Saqib Iqbal Ahmed (Reuters) - Facebook Inc's purchase of fast-growing mobile-messaging startup WhatsApp for $19 billion stunned the markets but analysts said the deal made strategic sense as it will solidify the social network's position as a leader in mobile. Facebook shares were down 3.1 percent before the bell on Thursday, representing a loss of about $5.4 billion in market value.

Facebook to buy Whatsapp for $16 billion

(Reuters) - Social networking company Facebook Inc said it would buy mobile messaging company WhatsApp for about $16 billion in cash and stock. Facebook said it would pay $4 billion in cash and about $12 billion in stock. Facebook said WhatsApp co-founder and Chief Executive Jan Koum would join Facebook's board. (Reporting by Soham Chatterjee;; Editing by Savio D'Souza)

Born in a dorm room, eyeing world dominance, Facebook turns 10 years old

NEW YORK, N.Y. - It has been 10 years since a Harvard sophomore named Mark Zuckerberg created a website called Thefacebook.com to let his classmates find their friends online. They did. And in the decade since, so have more than a billion people, not just American college students but also farmers in India, activists in Egypt and pop stars in South Korea.

Born in a dorm room, eyeing world dominance, Facebook turns 10 years old

NEW YORK, N.Y. - It has been 10 years since a Harvard sophomore named Mark Zuckerberg created a website called Thefacebook.com to let his classmates find their friends online. They did. And in the decade since, so have more than a billion people, not just American college students but also farmers in India, activists in Egypt and pop stars in South Korea.

Facebook shares surge as mobile ads click

By Supantha Mukherjee (Reuters) - Facebook Inc's <FB.O> shares rose as much as 17 percent to a life-high after the company's resounding revenue growth underscored CEO Mark Zuckerberg's success in selling ad space on the social network's mobile app. At least 32 brokerages raised their price targets on Facebook's shares, which touched a high of $62.50 in midday trading on Thursday.
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