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Facebook Exec Leaving for Startup

Tech chief Bret Taylor departing this summer

(Newser) - A top exec is bolting from Facebook so he can work on his own startup. Chief technology officer Bret Taylor, who supervised platform and mobile products, will leave this summer, reports AllThingsD . His leaving could prove worrisome as a reflection of Facebook's inability to retain strong leadership, especially in...

Facebook User Growth Screeches to Near-Halt

5% year-over-year growth in US lowest recorded since 2008

(Newser) - Facebook's stock price isn't the only thing that's dropping: The year-over-year US user growth rate has taken a dive, too, reports the Wall Street Journal . April saw 158 million US unique visitors, a boost of 5% from a year earlier, according to comScore. But that 5% is...

Facebook's App Center Open for Business

Unlike rivals, App Center puts focus on social

(Newser) - The App Center Facebook announced last month is open for business. The phased rollout will ultimately give all its US users access to 600 apps, like Pinterest and Draw Something, reports TechCrunch . Unlike Apple's App Store and Google Play, though, Facebook's App Center is more of a discovery...

'Bored' by Facebook, Sean Parker Debuts Airtime

But things don't go smoothly at the NYC launch

(Newser) - Napster co-founder Sean Parker, who became Facebook's first president, launched a new service yesterday, saying he had become "bored" by Facebook. The Airtime service, created with fellow Napster founder Shawn Fanning, allows video chats and file sharing with friends and strangers. Its star-studded NYC launch wasn't boring,...

Facebook Stock Falls Again, Still Not Far Enough

It will be a good buy at $20, says one analyst

(Newser) - Facebook's stock keeps setting milestones of the wrong kind, today closing below $26 at $25.87, notes CNNMoney . Which means the stock is now down 32% since the May 18 IPO. Time to buy? Not even close, one tech-sector expert tells MarketWatch . "Facebook at $20 is worth a...

Facebook Ads a Flop: Poll
 Facebook Ads a Flop: Poll 
Jun 5, 2012 1:52 AM CDT

Facebook Ads a Flop: Poll

Ads, comments only influence a fifth of users

(Newser) - General Motors was right when it said Facebook ads weren't effective , a Reuters poll finds. Only a fifth of Facebook users say they have ever bought something because of ads or comments on the social network, the poll found—and 34% say they are spending less time on the...

Next to Join Facebook: Kids Under 13?

Site explores online child-safety measures

(Newser) - Facebook has long banned kids under 13, but that could be about to change: The site is investigating ways to let children join—with built-in parental supervision. For instance, kids' accounts might be tied to those of their parents; mom and dad could get control over what apps kids can...

Get Ready for More Facebook Shares for Sale

Lock-up expiration will free 268M shares in less than three months

(Newser) - Just as investors are souring on their plunging Facebook shares , comes a depressing reminder that millions of shares will likely soon flood the market. Starting in less than three months, select insiders and early investors will be allowed to sell their Facebook shares as the "lock-up period" currently preventing...

Facebook Outage Sparks Surprise, Tweets

Rare crash lasted up to two hours for some

(Newser) - Facebook had a rare hiccup last evening leading to surprise, complaints—and more than a few jokes about its stock price. The site was sluggish or completely down for millions of users for close to two hours, during which many social media addicts turned to Twitter to complain. "The...

Morgan Stanley CEO Defends Facebook IPO

Give the stock some time, he says

(Newser) - Morgan Stanley CEO James Gorman didn't feel the need to make any apologies in his first public comments since Facebook's IPO disaster. Gorman, speaking to CNBC , defended his bank's role as chief underwriter on the deal. "There are lot of opinions," he said of the...

New Issue for Facebook: Young Kids Not Interested?

Site called 'mom thing' by some as they turn to Twitter, Tumblr

(Newser) - Sure, it's got 900 million users—but there's a key demographic that may be slipping away from Facebook's grasp. Young teens tell the Los Angeles Times that the social network no longer boasts much of a coolness factor; indeed, it may have become a "mom thing"...

Tim Cook: Apple Will 'Double Down' on Secrecy

CEO hopes to bring some manufacturing to US

(Newser) - If you thought Apple was secretive under Steve Jobs, brace yourself: Tim Cook says his company is going to "double down" on its strategy of keeping mum. "I feel strongly that being secretive on the product side of our business is so important," the CEO said at...

Sinking Stock Pushes Zuck Off Billionaires Index

As of yesterday, he was no longer one of world's 40 richest

(Newser) - As of yesterday, Priscilla Chan was no longer married to one of the world's 40 richest people. Bloomberg reports that Facebook's much ballyhooed drop below the $30-a-share mark yesterday caused Mark Zuckerberg to drop from the list. With the stock closing at $28.84, his fortune decreased from...

Facebook Might Make 2 More Acquisitions

Reports say Face.com and Opera are in its sights

(Newser) - Facebook is flush with IPO cash, and it's going shopping. Rumors started flying yesterday that the social network was near a deal to buy Face.com, the facial recognition software company behind the Klik mobile app. Sources tell TechCrunch that the deal is "definitely" happening, with a final...

Facebook, Don&#39;t Build a Phone
 Facebook, Don't Build a Phone 
OPINION
May 29, 2012 1:15 PM CDT

Facebook, Don't Build a Phone

Mark Zuckerberg should stick with software: Dan Costa

(Newser) - Facebook has enough problems these days, from that lackluster IPO to rumors that Mark Zuckerberg is a lousy honeymoon tipper . And now comes yet another report that Facebook is trying to make a smartphone ? At PC Magazine , Dan Costa has some advice: Don't do it. Facebook does indeed...

Saverin: Feud With Zuckerberg Is 'Hollywood Fantasy'

He avoids Facebook for privacy reasons

(Newser) - Remember the scene in The Social Network where Eduardo Saverin flips out at Mark Zuckerbeg, who has sneakily shrunk his share of the company? Well Saverin says it was all "Hollywood fantasy." The Facebook co-founder gave a rare interview with the Brazilian magazine Veja , in which he insists...

Facebook Stock Falls Below $30
 Facebook Stock Falls Below $30 
May 29, 2012 11:54 AM CDT

Facebook Stock Falls Below $30

Social network sees 20% plunge since IPO

(Newser) - Facebook shares continue to plummet: They've now dropped more than 20% from their $38 IPO price, falling below $30 today to their lowest point yet, reports Reuters . At about 12:45pm EDT they were trading at $29.44. But among tech stocks, $30 per share still gives it a...

Mark Zuckerberg Makes Cameo on Chinese TV

Facebook chief appears with wife Priscilla Chan in documentary

(Newser) - 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...

For 3rd Time, Facebook Poised to Build Phone

But will it be any good, if it ever arrives?

(Newser) - Facebook is once again gearing up to build its own smartphone, and it could be here by next year. The company has hired several engineers from the iPhone and iPad teams for its third foray into the project, insiders tell the New York Times . Facebook's first attempt to build...

Why I&#39;m Saying Goodbye to &#39;Facebookistan&#39;

 Why I'm Saying 
 Goodbye to 
 'Facebookistan' 
IN CASE YOU MISSED IT
May 27, 2012 3:45 PM CDT

Why I'm Saying Goodbye to 'Facebookistan'

Facebook useful, but Steve Coll objects to company's terms, and more

(Newser) - Four years and 4,000 friends later, Steve Coll is calling it quits when it comes to Facebook. It's not that Coll doesn't find Facebook useful or understand its appeals. To Coll, quitting what one of his colleagues has dubbed "Facebookistan" is an exercise in citizenship, his...

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