Mark Zuckerberg

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Facebook Edges Closer to Going Public

It revamps stock but says it has no IPO plans 'at this time'

(Newser) - Facebook revamped its stock structure today in a move sure to heat up speculation that it's going public. The company will have two classes of shares, A and B, reports the Wall Street Journal . Everyone currently on board will hold B shares, with 10 times the voting power of A...

Most Influential Man of 2009 Is... Don Draper?

The winner isn't even real, and Usain Bolt leaves Obama in his dust

(Newser) - The most influential man of 2009—at least in the eyes of AskMen.com readers—isn't actually a man. He's a fictional creation, none other than Don Draper of Mad Men. "In a turbulent 2009, men are seeking the stability of tradition in the masculine qualities that they imagine...

Facebook to Boost Staff 50%
 Facebook to 
 Boost Staff 50% 
Aug 24, 2009 7:55 AM CDT

Facebook to Boost Staff 50%

(Newser) - Facebook is planning to expand its 1,000-strong staff by up to 50% this year, Mark Zuckerberg says, taking advantage of a surplus of engineers in a weak job market. In an interview with Bloomberg, the 25-year-old CEO also says he wants to turn a profit by next year, in...

Fact-Challenged Facebook Book Not Making Many Friends

Author Mezrich defends his reporting methods

(Newser) - Not everybody is friending a book detailing the birth of Facebook, Reuters reports. BusinessWeek calls Ben Mezrich’s The Accidental Billionaires a “tawdry mismash,” amounting to “a fictionalized account of the founding.” The book is full of over-the-top scenes—like one in which Facebook founder Mark...

Zuckerberg: Facebook IPO 'a Few Years Out'

(Newser) - Mark Zuckerberg tells Reuters he does indeed intend to take Facebook public—just don't hold your breath waiting for it. The company is still "a few years out from that," said the 25-year-old co-founder. He said Facebook has plenty of capital, though he didn't deny that company execs...

Facebook Hits 200M Milestone

Zuckerberg calls reaching 200M 'a really good start'

(Newser) - Facebook has welcomed its 200 millionth user, reports the San Jose Mercury News. In a blog post, CEO Mark Zuckerberg called the milestone—which Facebook says would make it the fifth biggest country in the world, um, if it was a country—"a good start." The Facebook founder...

Facebook's Utopian Dream Hides Something Sinister

(Newser) - The recent scrap over Facebook’s privacy policy seems to be at odds with the site’s friendly, familial face, Vanessa Grigoriadis writes in New York. But the company’s aborted move to claim ownership of user content in perpetuity reveals a vague something about its ambitions. “Facebook’s...

Facebook Should 'Unfriend' CEO
 Facebook Should 
 'Unfriend' CEO 
OPINION
Apr 2, 2009 1:50 PM CDT

Facebook Should 'Unfriend' CEO

(Newser) - Mark Zuckerberg has made mistakes in the past 6 weeks “that would have led to any normal CEO's firing,” Owen Thomas writes for Gawker, and the Facebook CEO's case should be no different. His three strikes: a privacy-shredding “terms of service disaster,” an “awful redesign,...

Facebook Shakeup Renews Talk of Public Offering

(Newser) - Facebook today announced another big departure from its executive ranks, fueling speculation that a move to go public is gaining traction, the Wall Street Journal reports. The company's chief financial officer, Gideon Yu, is leaving, and Facebook is searching for a replacement who has experience at a public company, the...

Facebook Founder Unmasked on Twitter

Exec looks to Twitter as model for facebook changes

(Newser) - Facebook founder and tech wiz Mark Zuckerberg has been secretly keeping an account on rival Twitter, VentureBeat reports. Zuckerberg has had a private site on Twitter at @zuck since last May, but recently opened a Twitter account at finkd that allows users to follow him publicly. Maybe Zuckerberg has taken...

Facebook: Uh, Never Mind That Last Update

Privacy protests result in a swift U-turn on terms of service

(Newser) - Facebook has done an about-face and withdrawn its new terms of service following a public outcry, CNET reports. The fine-print update appeared to give the site perpetual rights to users' content, prompting threats of a federal complaint from a major privacy watchdog and mass desertion from tens of thousands of...

New Facebook Fine Print Irks Users in Privacy Tug-of-War

Clause giving site permanent license to content slammed

(Newser) - An outcry over a terms of service change has forced Facebook's founder to reassure users that they still own and control their own information, the New York Times reports. The update—which remains unchanged—removed a provision that said users could delete their content at any time, and added a...

Facebook Nation Now Counts 150M, and Going Strong

Growth outside US could put networking site at 200M by spring

(Newser) - John McCain and the iPhone may be so 2008, but Facebook is going strong. The networking site now claims 150 million users, just four months after surpassing 100 million. At this rate, CEO Mark Zuckerberg will have a delightful 25th-birthday gift this spring: 200 million users. Most new members live...

Angry Users Leave Facebook Ads in Limbo
Angry Users Leave Facebook Ads in Limbo
analysis
Dec 1, 2008 9:11 PM CST

Angry Users Leave Facebook Ads in Limbo

Site would profit from News Feed spam, but members hate it

(Newser) - Facebook is in a bind, Owen Thomas writes on Valleywag. The social network has boosted its membership to 120 million, partly by keeping spam to a minimum. But to make money, Facebook needs advertising—which means allowing app developers to bug users with spam on Facebook's News Feed. Yet when...

Price Dispute Sinks TwitFace Merger Talks

Twitter questions value of $500M stock offer from Facebook

(Newser) - Merger talks between Facebook and popular newcomer Twitter have ended without a deal, reports All Things Digital. Twitter wasn't satisfied with Facebook's offer of $500 million in stock, apparently concerned that the stock's valuation was too high, say insiders. Twitter also had concerns about how the two would integrate, and...

Facebook the Movie? It's in the Works

(Newser) - Facebook is going Hollywood, PC World reports. West Wing writer Aaron Sorkin has signed on with Sony to pen a movie about the social networking site’s founding. The movie will probably focus on Mark Zuckerberg’s initial work while at Harvard. But Sorkin may have some research to do...

Facebook Getting Aggressive With 'Wall Spam'
Facebook Getting Aggressive With 'Wall Spam'
ANALYSIS
Aug 25, 2008 8:07 PM CDT

Facebook Getting Aggressive With 'Wall Spam'

Service starts playing tough, removing posts

(Newser) - “Wall spam” has gone from minor annoyance to publicity problem for Facebook, and it seems the social-networking giant is getting more aggressive in its attempts to combat it, reports Caroline McCarthy in CNET. Within 2 hours of receiving a spam post yesterday, McCarthy found it had been deleted by...

Insider Sales Put Facebook's Value at Fraction of $15B

Even CEO Zuckerberg reportedly selling still-private options at bargain prices

(Newser) - Though the stake bought by Microsoft last fall pegged Facebook’s value at $15 billion, a rush of stock sales by insiders at the still-private company shows they think it’s worth much less, BusinessWeek reports. Even Mark Zuckerberg, founder and CEO of the social-networking giant, reportedly has sold some...

Facebook Readies User-Friendly Makeover

Site wants to offer easier access to other applications

(Newser) - Social-networking stalwart Facebook is redesigning its site to allow users easier access to an array of applications that might include search options, Forbes reports, and give advertisers more ways to reach the Facebook community. CEO Mark Zuckerberg, speaking at the All Things Digital conference, said the company hoped to work...

Growing Pains Plenty Evident at Facebook

But Zuckerberg stays put, gets veteran help after hitting potholes

(Newser) - Facebook is seeing a lot of challenges lately, with ads selling at rock-bottom prices, revenue not nearly rivaling MySpace, and third-party developers defecting to OpenSocial networks (MySpace, again). But unlike other companies’ young founders, Mark Zuckerberg isn’t about to step aside. And thanks to his tight control of Facebook's...

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