Aug 31 (Reuters) – Shares of Facebook Inc fell 4.5 percent to a new low on Friday after brokerages cut their price targets on the company’s shares, saying several lock-up expirations over the next year will weigh on the stock. Early investors got the green light to sell Facebook shares for the first time on [...]
SAN FRANCISCO (Reuters) – Facebook Inc is weeding out fake “Likes” on its social network that are being caused by spammers, malware and black marketeers as it strives to maintain credibility as an advertising platform. Facebook said the number of Likes, or endorsements by users, on corporate pages is likely to drop by less than [...]
It was another poor showing for Facebook last week as its stock price hit a new low Friday, dispiriting shareholders already frustrated by lower-than-anticpated profits. Billions in shareholder value was erased as the market value of Mark Zuckerberg’s flagship fell to nearly half of the $104 billion target set in May when the company went public, the Mercury Newsreports. [...]
NEW YORK (AP) — Facebook is reporting stronger-than-expected revenue in the social media company’s first earnings report since its rocky initial public offering two months ago. But investors weren’t impressed and after a brief spike, its stock tumbled nearly 9 percent in after-hours trading. Facebook Inc. said Thursday that it booked a net loss of [...]
NEW YORK — Facebook is stepping up its patent dispute with Yahoo by filing its own lawsuit against the struggling Internet icon. Facebook’s lawsuit Tuesday came just weeks after Yahoo Inc. claimed that Facebook violated 10 patents covering advertising, privacy controls and social networking. Facebook denied Yahoo’s allegations and accused Yahoo of violating 10 of [...]
We all know posting photos of your weekend keg party on Facebook can cause problems at the office, but now there’s evidence that it can hurt your chances even getting in the door. In the 2012 annual technology market survey by Eurocom Worldwide, almost one in five technology executives admit rejecting a job applicant based on [...]
A Michigan teacher’s aide is fighting a legal battle with the Lewis Cass Intermediate School District for removing her from her position after refusing to give the district access to her Facebook page. Kimberly Hester was a teacher’s aide at Frank Squires Elementary School in Cassopolis, Mich. last April when she jokingly posted a photo [...]
Web giants are becoming too big to care, Senator Al Franken warned Thursday. Franken argued that the growing dominance of companies such as Facebook and Google risks making them immune to market pressure and more likely to violate users’ privacy in the quest for profits. In a speech delivered Thursday to the American Bar Association, [...]
Maybe we should be prepared for the phrase “enemy someone on Facebook” to enter the lexicon. Enemy Graph, a new app for Facebook, allows users to do just that: Declare their enemies on the world’s most popular social network. It may sound sinister, but the motivation is more sociological, say the developers, a group from [...]
WASHINGTON — House Republicans blocked a measure Tuesday night that would have let the Federal Communications Commission prevent employers from forcing workers to reveal their Facebook passwords. Democrats offered the legislation as part of bill to slap new restrictions on FCC rules after a string of reports about employers insisting on access to social media [...]
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