Posts tagged as: facebook

Scott Thompson resigns from Yahoo

Scott Thompson, Yahoo’s CEO, has been hit by a controversy after it became known that the former PayPal president has been lying about his educational background. The chief executive, who spent barley six month in charge, will now be replaced by Ross Levinsohn. However, the motives which could have justified his resignation has been deemed […]

Facebook IPO touted the most successful offering after Google in 2004 – Part 1

Facebook’s upcoming Initial Public Offering (IPO) is tipped to be the most awaited and speculated offering not just in this year but since Google went public in August, 2004. This is not because both belong to the same online/internet industry but because Facebook might make a huge business against all odds. At first, Google was […]

Facebook IPO touted the most successful offering after Google in 2004 – Part 2

Orkut was in the market before Mark Zuckerberg even hatched the idea of Facebook. But even in the presence of a social network, which was a big hit in Asia, the most populated continent in the world, Facebook surpassed its number of users in a matter of few years. Google’s network by the name of […]

Facebook hikes IPO range to raise $12.1 billion

  (Reuters) – Facebook Inc has increased the price range in Silicon Valley’s biggest-ever initial public offering to raise more than $12 billion, giving the No.1 social network a valuation potentially exceeding $100 billion.   The company founded in a Harvard dorm room by Mark Zuckerberg raised the price target range to between $34 and […]

JP Morgan CEO Jamie Dimon relieves Ina Drew and Achilles Macris of their duties

JP Morgan Chase is one of the biggest investment banks and brokerage companies in the world. However, last week, the bank was on the verge of losing in the tune of $2 Billion in a trading loss. Though the catastrophe was evaded at the nick of time but the top management has not ignored the […]

Software companies with their glitches and sanctioned penalties by FTC – Part 1

Technology companies always bring innovation to the world and there are always glitches found in the services. Sometimes these faults are unintentional and sometimes they are deliberate. This is what keeps Federal Communications Commission (FCC) busy the whole time. Facebook Privacy Issues Facebook has always been FCC’s crosshairs but last year Federal Trade Commission was […]

Software companies with their glitches and sanctioned penalties by FTC – Part 2

However, Facebook ultimately came to terms with regulatory authority with the condition that they will issue “prominent notice” and first obtain consumers’ “express consent before their information is shared beyond the privacy settings they have established.” Google Street View FCC recently wound up its scrutiny of Google Street View, another in a series of examples […]

EU launches plan to make the internet safer for children

The European Commission (EC) today unveiled an alliance with telecommunication companies and social networks to improve the protection of minors on the Internet. This is basically to promote the creation of educational content for children and attractive tools to easily report abuse or harassment, and the development of useful technology for the police in their fight against […]

Facebook’s IPO show to hit the road on May 7: source

(Reuters) – The roadshow for Facebook Inc’s initial public offering is scheduled to start on Monday, meaning the company’s shares should begin trading on May 18, a source familiar with the process said on Tuesday.   Founder and CEO Mark Zuckerberg, who has mostly operated in the background during Facebook’s closely watched journey to public […]

Story behind big organization with big spending on lobbying – Part 2

  Government recently tabled CISPA in the Congress to revamp the anti-terrorism measures in the country. According to the act, all online social networking websites and businesses will be bound to provide the government agencies with information that has the potential of terrorism. Google and Facebook are trying to lobby with the Congress officials and […]

Story behind big organization with big spending on lobbying – Part 1

Corporate spending these days is more inclined toward lobbying than marketing and sales. Big companies like to spend on lobbying with government officials, and in some cases government organizations, for some kind of quid pro quo deal, where a future legislation or act would change the trend of business. This way the corporate entity, and […]

Facebook to hit 1 billion users mark

The Mark Zuckerberg social network is expected to entertain 1,000 million users registered before the end of 2012. On Monday, Facebook announced that they have 901 million active users, 32.5% more than last year (680 million), of which over half (488 million) from mobile phones are connected. Activity between the profiles remains high as Facebook recorded […]

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