Los Angeles: Facebook's website suffered sporadic outages on Thursday (Friday in some time zones), anywhere from half an hour to two hours according to various blogs, tweets and affected users, but the company said the problem has been fixed. "Earlier today, some users briefly experienced issues loading the site. The issues have since been resolved and everyone should now have access to Facebook," company spokesman Michael Kirkland told Reuters. The...
02:43 PM, Jun 01, 2012
Moscow: VKontakte, one of Russia's most-popular social networks, has postponed its initial public offering indefinitely after the flotation of the world's largest social network Facebook took a hammering. "The Facebook IPO has destroyed the faith of many private investors so VK's IPO is postponed for an indefinite term," VKontakte founder Pavel Durov wrote in his Twitter page. Durov holds 12 per cent of VKontakte and has a right to vote...
11:07 AM, May 31, 2012
New Delhi: Facebook India's plea for dropping its name from a suit for action against social networking websites for hosting alleged objectionable content was on Wednesday dismissed by a Delhi court which held it cannot be said that the company has no say in running the site facebook.com. Administrative Civil Judge Parveen Singh dismissed the company's plea for deletion of its name, rejecting its contention that Facebook India does not...
04:23 AM, May 31, 2012
New Delhi: A Delhi court on Wednesday dismissed a plea by Facebook India to drop its name from a civil suit filed against certain websites for hosting "objectionable content". The internet company argued that its India office merely provided technical support to the parent company, based in US, and did not host any content. The court, however, said that prima facie there was enough evidence to implicate Facebook in the...
05:05 PM, May 30, 2012
Oslo: Opera Software shares soared over 20 per cent on Tuesday on talks that Facebook was in discussion to buy the firm, while analysts said competition from Google and others could push the price tag of any deal over $1 billion. Shares of Oslo-listed Opera, coveted for its advanced mobile phone software technology, jumped as much as 26 per cent, valuing the firm at over $800 million. Opera's mobile technology,...
02:03 AM, May 30, 2012
Beijing: Social media sites and blogs have lit up after eagle-eyed viewers spotted a surprise cameo in a Chinese TV documentary about the country's police force: Facebook founder Mark Zuckerberg and his now-wife, Priscilla Chan. The documentary by CCTV was part of a series on Chinese police and high-tech crime-solving methods. A few seconds of footage showing Zuckerberg and Chan walking behind two police officers were shown included in a...
08:30 AM, May 29, 2012
New Delhi: After Google, which recently closed the deal with Motorola, now Facebook is trying to get into the hardware game. According to a New York Times report, Facebook is planning to come up with its own smartphone by next year. "Employees of Facebook and several engineers who have been sought out by recruiters there, as well as people briefed on Facebook's plans, say the company hopes to release its...
12:17 PM, May 28, 2012
Philadelphia: A woman was charged on Friday with killing her 18-month-old twins, named Adam and Eve, in the family home. Police said she also attempted suicide by cutting her wrists. Stacey Smalls, 41, was charged with two counts of first-degree murder, police said. Investigators believe one twin was strangled and the other was drowned. Authorities are awaiting autopsy results for the official causes of death. Police also allege Smalls gave...
04:36 PM, May 26, 2012
Washingotn: Facebook Chief Operating Officer Sheryl Sandberg spoke to Harvard University students in her first public appearance since the company's disappointing initial public offering, but refrained from addressing the controversy around its messy, glitch-plagued debut. Instead, Sandberg urged students graduating this week from Harvard's business school to work for fast-growing companies, communicate honestly and address inequality in the workplace. "We need to acknowledge openly that gender remains at issue at...
11:54 AM, May 26, 2012
New York: Four of Wall Street's major market makers involved in Facebook's botched initial public offering last Friday expect their losses from technical glitches on Nasdaq's exchange to be around $115 million. A software error on Nasdaq OMX Group Inc's US exchange delayed the social networking company's market debut by 30 minutes last Friday. Many client orders were delayed, leading to significant losses to some investors and traders as the...
10:48 AM, May 26, 2012
Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation. Court battles over the fizzled IPO could run for years, as the social networking company, the banks that took it public and the Nasdaq OMX Group Inc face claims that they short-changed investors. Besides fighting off claims by Facebook shareholders,...
03:39 AM, May 26, 2012
New York: Citigroup Inc's Automated Trading Desk had trading losses of about $20 million from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's US exchange, a source with knowledge of the situation said on Friday. The unit's losses were in addition to claims by market makers Knight Capital Group Inc and Citadel Securities, which each had losses of $30 million to $35 million. UBS AG, the other...
12:24 AM, May 26, 2012
New York: Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price...
06:31 AM, May 25, 2012
New Delhi: About a month and a half following the announcement that it is acquiring Instagram and a week after a lacklustre IPO, Facebook has launched a camera app called Facebook Camera. Facebook says the new mobile app, initially available the Apple iPhone, will make sharing of photos on Facebook faster. Users can also see their friends' latest photos at one place. "Now you can quickly share multiple photos all...
06:15 AM, May 25, 2012
New Delhi: Further cracks have appeared in Team Anna with one of its prominent members, who designed the social media campaign for the protests, shooting off a letter to Arvind Kejriwal questioning the way in which the anti-corruption movement has been led. The letter by Shivendra Singh Chauhan came after a meeting at lawyer Prashant Bhushan's residence last week over the issue of managing India Against Corruption's Facebook page. Kejriwal...
10:55 PM, May 24, 2012
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
