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Facebook's timeline: A history of the social network's hits and misses

The Canadian PressMay 19, 2013 09:45

Facebook made its debut on the stock market a year ago on May 18 in one of the largest IPOs in history and the biggest for any Internet company. The social network's market value was more than $100 billion. Now, Facebook's stock is trading roughly 30 per cent lower and has not hit its IPO price of $38 per share. Today, Facebook is valued at around $63 billion.

Facebook's timeline: A history of the social network's hits and misses

The Canadian PressMay 17, 2013 18:00

NY man who claimed part ownership of Facebook seeks halt to government's criminal case

The Canadian PressMay 12, 2013 18:15

BUFFALO, N.Y. - A New York man who was charged with fraud after filing a lawsuit claiming part ownership of Facebook wants a judge to stop the criminal case from moving forward. Paul Ceglia of Wellsville said Friday he believes Facebook is behind the criminal charges. Menlo Park, Calif.-based Facebook declined to respond to the allegations. Federal prosecutors in Manhattan charged Ceglia last fall, saying he tried to swindle Facebook and founder Mark Zuckerberg out of part of the company by doctoring a 2003 contract. That contract is the basis of Ceglia's 2010 civil suit.

For better and for worse, 1 in 3 teens are Facebook friends with their mothers

The Canadian PressMay 10, 2013 05:00

Josh Knoller, a young professional in New York City, spent years refusing his mother's "Friend Request" on Facebook before, eventually, "caving in." Today they have an agreement: she'll try not to make embarrassing comments, and he can delete them if she does. "We actually got into some pretty big fights over this," says Knoller, 29. "I love my Mom to death but she's a crazy, sweet Jewish mother and I was a little worried about what she might post in front of my closest friends."

Hits and misses in Facebook's history over the years

The Canadian PressMay 1, 2013 19:30

Facebook, which reported first-quarter earnings on Wednesday, has more than 1 billion people logging in each month. It's a rapid growth for a service that began in a Harvard dorm room less than nine years ago. Here are some key developments over the years: February 2004: Mark Zuckerberg starts Facebook as a sophomore at Harvard University. March 2004: Facebook begins expansion to other colleges and universities. June 2004: Facebook moves headquarters to Palo Alto, Calif.

Judge recommends Ceglia case vs. Facebook be dismissed

Thomson ReutersMarch 26, 2013 18:00

By Jonathan Stempel and Nate Raymond (Reuters) - A federal judge on Tuesday recommended the dismissal of a lawsuit against Facebook Inc in which Paul Ceglia, an upstate New York wood pellet salesman, claimed a huge ownership stake in the social media company. U.S. Magistrate Judge Leslie Foschio said there is "clear and convincing evidence" that an alleged 2003 contract with Mark Zuckerberg, now Facebook's chief executive, that Ceglia claimed entitled him to a one-half interest in the company is a "recently created fabrication."

Facebook buys advertising firm from Microsoft

Agence France-PresseFebruary 28, 2013 19:00

Facebook agreed Thursday to buy Atlas Advertiser Suite from Microsoft as part of an effort to boost ad revenues at the massive social network. Terms of the deal were not disclosed. "Atlas is a leader in campaign management and measurement for marketers and agencies. We believe this acquisition will benefit both marketers and users," Facebook's Brian Boland said in a blog post. Atlas was part of the aQuantive group acquired by Microsoft, which ended up in a writedown and loss for Microsoft last year.

Facebook co-founder Saverin says Asia is the place to be

Agence France-PresseFebruary 21, 2013 04:30

Facebook co-founder Eduardo Saverin said Thursday the success of the social networking site would be hard to match but he hoped to make an impact as an Asia-based technology investor. "It's clearly a tough act to follow," the 30-year-old Brazilian billionaire told a business conference in Singapore, where he is a permanent resident and putting money as an "angel investor" into Asian and other start-ups.

German court rules Facebook can demand real names

Agence France-PresseFebruary 15, 2013 12:46

Facebook can insist that its customers use their real personal data when registering on the site, a German court ruled in a decision published on Friday. The administrative court in the northern state of Schleswig-Holstein slapped down an order from regional data protection officials that Facebook change its policy on collecting personal details. Facebook asks its customers to provide their real full name, email address, gender and date of birth when registering. If the firm finds false data have been given, it blocks the account until proof of identity is provided.

US judge tosses some shareholder lawsuits

Agence France-PresseFebruary 14, 2013 15:05

A US federal judge on Wednesday tossed out claims by some Facebook shareholders that the social network wasn't candid enough about risks faced by the company when it made its stock market debut. In his ruling, US District Court Judge Robert Sweet in New York said Facebook executives disclosed the required information before the plaintiffs decided to become early investors. The suits dismissed by Sweet were part of an onslaught of litigation that followed Facebook's disastrous $16 billion IPO in May.