Kids could someday get on Facebook, without lying
2012-06-05 00:43:32 UTC
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...
Facebook stock climbs, still down from IPO
2012-05-30 17:28:37 UTC
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...
Morgan Stanley may refund some Facebook investors
2012-05-25 01:31:26 UTC
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...
Regulators probe bank's role in Facebook IPO
2012-05-23 04:41:24 UTC
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.
Where are Facebook's friends? Stock down after IPO
2012-05-21 18:53:35 UTC
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...
Pakistan blocks Twitter over contentious tweets
2012-05-20 23:13:19 UTC
ISLAMABAD (AP) — Pakistan blocked the social networking website Twitter for much of Sunday because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.
The tweets were promoting a competition on Facebook to post images of Islam'...
FACEBOOK IPO LIVE: The social network goes public
2012-05-18 20:36:52 UTC
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...
Facebook stock debut fails to sizzle
2012-05-18 22:20:57 UTC
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...
Facebook's $16 billion IPO one of world's largest
2012-05-17 22:00:01 UTC
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 $...
Companies ask: Does advertising on Facebook pay?
2012-05-17 01:43:33 UTC
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?
Facebook raises IPO price as offering nears
2012-05-15 19:59:49 UTC
NEW YORK (AP) — Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.
The world's largest online social network on Tuesday increased the planned price range for its stock to $34 to $38 per share in a filing with the Sec...
Facebook gives more details on mobile usage
2012-05-10 04:11:41 UTC
NEW YORK (AP) — Facebook says the number of people logging in is continuing to grow more quickly than the number of ads delivered.
This is in part because more people are using Facebook on mobile devices, where it shows a very small number of ads, Facebook said Wednesday. The finding implies t...
Yahoo escalates patent battle with Facebook
2012-04-28 04:49:32 UTC
SAN FRANCISCO (AP) — Yahoo is bringing out more artillery in its patent battle with Facebook.
It is adding new allegations of intellectual property theft to its six-week-old lawsuit against Facebook. In court papers filed Friday, Yahoo Inc. now says Facebook's online social network infringes o...
Facebook reports lower 1Q net income
2012-04-23 19:56:18 UTC
NEW YORK (AP) — Facebook is reporting, ahead of its initial public offering, expected in May, that its first-quarter net income fell as its revenue rose by comparison with a year earlier.
Facebook Inc. said in a regulatory filing on Monday that its net income fell 12 percent to $233 million fr...
Hundreds of thousands may lose Internet in July
2012-04-20 18:20:10 UTC
WASHINGTON (AP) — For computer users, a few mouse clicks could mean the difference between staying online and losing Internet connections after early July.
The problem started when international hackers ran an online advertising scam to take control of infected computers around the world. In a...
Top U.S. colleges to offer free classes online
2012-04-18 16:54:35 UTC
(Reuters) - Five prestigious U.S. universities will create free online courses for students worldwide through a new, interactive education platform dubbed Coursera, the founders announced Wednesday.
The two founders, both professors of computer science at Stanford University, also announced th...
Global cyber arms race engulfing Web - Defense official
2012-04-11 00:58:37 UTC
WASHINGTON (Reuters) - A global cyber arms race is engulfing the Internet and the best way to counter the rapidly escalating threat is combining the efforts of U.S. agencies, private firms and international allies, cyber security officials said on Tuesday.
Cyber experts from across the U.S. go...
Mona Lisa doesn't need Google Art Project
2012-04-10 06:05:51 UTC
LAT- Since Google Art Project launched, art lovers have been asking why the world's most famous painting -- Leonardo Da Vinci's "Mona Lisa" -- isn't included on the site that features digitized images of works from select museum collections around the world.
The simple answer is that the "Mona...
Facebook to buy Instagram for $1 billion
2012-04-10 04:56:18 UTC
SAN FRANCISCO (Reuters) - Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public.
The price was stunning for an apps-maker without...
Mike Flynn Seeks Immunity To Testify
2017-03-31 03:01:29 UTC
<blockquote><h2>Former national security adviser may know details of Russia ties</h2>
<h3>President Donald Trump’s former national security adviser Michael Flynn is reportedly willing to testify about the Trump team’s ties with Russia in exchange for immunity from prosecution.</h3>
Romney criticizes Biden on consulate attack
2012-10-13 04:17:53 UTC
RICHMOND, Va. (AP) — Broadening his attack on administration foreign policy, Mitt Romney accused Vice President Joe Biden on Friday of "doubling down on denial" in a dispute over security at a diplomatic post in Libya that was overrun by terrorists who killed the U.S. ambassador and three other A...
EU sent inspectors to examine Spain deficit figures
2012-03-13 17:10:08 UTC
Inspectors from the European Commission have been in Spain to evaluate its 2011 budget deficit after the numbers came in much higher than expected, the EU executive said on Friday.
Spain said at the end of February that its budget deficit was 8.5 percent last year, far above the Commission's ex...