California: 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.
In the year since its initial public offering, Facebook has launched a slew of new features, including search features and a deep integration into Android smartphones and tablet computers. It also surpassed the 1 billion user mark....
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11:06 AM, May 18, 2013
San Francisco: Social networking services Facebook and Twitter are coming to Google Glass, the wearable computer made by the Internet search company. Google announced on Thursday a half-dozen apps specially designed to work on its Glass devices. News network CNN, fashion magazine Elle, as well as online apps Tumblr and Evernote were among the half-dozen new apps for Glass unveiled during Google's annual developer conference in San Francisco. Google Glass...
08:01 AM, May 17, 2013
New Delhi: The Supreme Court on Thursday said no person would be arrested under Section 66A of the IT Act for posting objectionable comments on social networking websites without prior approval from an officer not below the rank of inspector general of police. A vacation bench of Justice BS Chauhan and Justice Dipak Misra passed the order after hearing a plea by Shreya Singhal, who had petitioned the court against...
04:20 AM, May 17, 2013
San Francisco: Google is digging deeper into its technology toolkit to turn its social networking service into a more formidable threat to Facebook, sprucing up its photo features at a time when sharing snapshots online and on mobile gadgets is growing more popular. Many of the 41 new features being added to Google Plus beginning Wednesday will draw upon the computing power, machine learning, algorithms, semantics analysis and other innovations...
02:10 PM, May 16, 2013
Srinagar: A government school teacher in Jammu and Kashmir's Anantnag district has been suspended by authorities after he uploaded a picture of small school children massaging his legs on social networking website Facebook. Teacher Bashir Ahmad ran into trouble with the Anantnag district authorities after there was outrage on Facebook over the manner in which he made the kids massage him. The state education director has expressed horror at the...
02:36 PM, May 14, 2013
New Delhi: Most of us know Mark Zuckerberg as the CEO of Facebook, but there are a lot of interesting facts about this young billionaire that you all must know. Celebrating his 29th birthday, here we bring you 29 interesting facts about him. 1. Type @[4:0] in a Facebook comment, and Mark Zuckerberg's name will appear. 2. You can't block Mark Zuckerberg on Facebook. Go to http://www.facebook.com/zuck and try for...
01:15 PM, May 14, 2013
Mumbai: Facebook users, especially those accessing the service on Chrome and Firefox browsers, here's something that you ought to take note of. On its Technet blog, Microsoft has revealed that it has received reports about a wave of malware-ridden browser extensions attempting to hijack Facebook profiles. This threat, which they have detected as Trojan:JS/Febipos.A., was first discovered in Brazil. It has been found to be specifically targeting Chrome and Mozilla...
12:13 PM, May 13, 2013
Hyderabad: A civil liberties lawyer, Jaya Vindyala, has been arrested under Section 66A of the IT Act for posting some comments on Facebook allegedly against former Andhra Pradesh chief minister and Tamil Nadu Governor Rosaiah and an MLA A Krishna Mohan. The advocate, who is also a member of the People's Union for Civil Liberties, was arrested in Prakasam district of Andhra Pradesh. According to the police, local Congress MLA...
11:25 AM, May 13, 2013
New York: 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...
03:28 PM, May 12, 2013
New York: Even though photos of your ex on Facebook can be deleted with just a click, the proliferation of social networking sites has made forgetting after a break-up a bigger chore, a new study has found. "People are keeping huge collections of digital possessions," said Steve Whittaker, a psychology professor at UC Santa Cruz who specialises in human-computer interaction. "There has been little exploration of the negative role of...
11:52 AM, May 11, 2013
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...
03:40 PM, May 10, 2013
Tel Aviv: Facebook Inc is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on Thursday. Due diligence is underway after a term sheet was signed, Calcalist said, adding that talks began six months ago. Waze uses satellite signals from members' smartphones to generate maps and traffic data, which it then shares with other users, offering real-time traffic...
05:22 PM, May 09, 2013
New Delhi: An expanding user count in India and Brazil helped the world's largest social networking site Facebook to increase its monthly active users (MAUs) to a whopping 1.11 billion in the first quarter of 2013. The ubiquitous social networking platform's MAUs rose by 23 per cent in January-March quarter of 2013 compared to the year-ago period. MAUs are a measure of the size of its global active user community....
04:59 PM, May 06, 2013
New York: Professors, please note! While your Facebook profile may help you connect with students, you may have to be careful about what you post on the site! College students judge professors based on their Facebook rofiles, a new study has found. For instance, a professor with a socially oriented Facebook profile may be viewed as more popular but less skilled by potential students than other professors, according to the...
04:57 PM, May 06, 2013
New York: Shares of Facebook Inc, which were given a boost last week when the social networking company reported first quarter results that largely met analysts' expectations, may be over valued, financial newspaper Barron's said on Sunday. Facebook closed at $28.31 on Friday, 60 per cent higher than last summer's low-point, but well below its initial public offering price of $38 last May. However, the company is probably worth no...
11:36 AM, May 06, 2013
Jerusalem: Facebook and other social networking sites may affect your mental health by causing psychotic episodes and delusions, researchers warn. As Internet access becomes increasingly widespread, so do related psychopathologies such as Internet addiction and delusions related to the technology and to virtual relationships, according to the study. Computer communications such as Facebook and chat groups are an important part of this story, said Dr Uri Nitzan of Tel Aviv...
07:20 PM, May 05, 2013
New Delhi: The Ministry of Home Affairs told a Delhi court that the US authorities are unable to "execute" the request for assistance in serving summons to 11 US-based websites, including Facebook and Google, accused of promoting class enmity and undermining national integrity. The MHA told Metropolitan Magistrate Jay Thareja that they have received a communication dated March 20, 2013 from the US Department of Justice according to which they...
07:29 PM, May 03, 2013
California: Facebook Inc's mobile advertising revenue growth gained momentum in the first three months of the year as the social network sold more ads to users on smartphones and tablets, partially offsetting higher spending which weighed on profits. New types of ads designed for smartphones, particularly ads aimed at enticing Facebook users to install mobile apps on their phones, helped lift revenue while traffic to the social network remained strong....
01:37 PM, May 02, 2013
New Delhi: Three Navy officers are being terminated from service for divulging secret information on social networking websites such as Facebook and the primary reason for these cases of indiscipline was "moral turpitude", the Defence Ministry has informed a Parliamentary panel. It also told the Standing Committee on Defence that in three cases of face-offs between troops and officers in the Army, the forces have taken action against 219 officers,...
09:11 PM, Apr 29, 2013
New Delhi: The National Human Rights Commission (NHRC) on Monday sought reports from the Union Women and Child Ministry and police commissioners of Ludhiana and Delhi in connection with reports of a baby being sold thrice through a deal struck on 'Facebook'. The Commission, which took suo motu action on the basis of media reports, asked the Secretary of WCD Ministry and the police commissioners to submit their reports within...
03:11 PM, Apr 29, 2013
