Mark Zuckerberg

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Backlash Forces Facebook to Retool Beacon

Users feel 'creeped out' by advertiser info-sharing platform

(Newser) - Facebook execs are pondering changes to the unpopular Beacon advertising platform after massively negative feedback, reports Business Week, and an announcement on "evolving" it could come as soon as today. Users are threatening mutiny over the tool, less than a month old, that tells their friends all about their...

Facebook Feud Heats Up
Facebook Feud Heats Up
Nov 27, 2007 8:59 AM CST

Facebook Feud Heats Up

Independent Harvard alumni magazine dishes the dirt on it

(Newser) - Three former Harvard students who are suing Facebook founder Mark Zuckerberg for stealing their idea are finally about to get their day in court, reports the indy Harvard alumni magazine 02138. Forensic data experts are searching  Zuckerberg’s computer hard drives, searching for source code, which the company claims is...

Facebook Seeks Hedge Fund Cash After Microsoft Deal

Social networking site now valued at $15B

(Newser) - After raising $240 million from Microsoft, the social networking site Facebook expects to raise a further $260 million from hedge funds and private-equity investors, according to the Wall Street Journal. The cash will be used to fund an international expansion and a new ad revenue system. The investment would put...

Facebook May Announce Deal Results Tuesday

Social-network firm has scheduled a sudden all-hands meeting

(Newser) - The result of the bidding war between tech giants Microsoft, Google and Yahoo as to who will own a large investment stake in the social networking site Facebook is still not clear, but an answer may be forthcoming: an all-hands meeting for the young company has been called for Tuesday,...

Facebook Founder's No to IPO
Facebook Founder's No to IPO
Oct 18, 2007 12:21 AM CDT

Facebook Founder's No to IPO

Zuckerberg says going public is years away

(Newser) - Facebook's founder Mark Zuckerberg has quashed speculation over a possible initial public offering. Speaking to an overspill audience at the Web 2.0 conference, held in a ballroom of the ornate Palace Hotel in San Francisco, Zuckerberg said Facebook, the popular internet social network, would not be selling shares on...

Facebook Users Hook Up—With Fellow Burmese Monk Backers

300K mobilize through social networking site

(Newser) - Mammoth networking site Facebook is triggering a massive mobilization of protesters around the world who will hit the streets this weekend in support of the Burmese monks, Wired writes. Nearly 300,000 people have joined the Facebook group "Support the Monks' Protest" since a story on the movement broke...

Facebook to Jump to Real-World Bookshelves

Recent Harvard grads plan satirical look at web giant

(Newser) - The kudzu of the internet will spread beyond the virtual world to bookstore shelves next year with the publication of The Facebook Book, a satirical look at the social-networking phenomenon. The authors, both recent Harvard grads, say they plan a "fictional and fanciful" take on Harvard dropout Mark Zuckerberg's...

Advertisers Will Soon Be Facebooking You, Too

Social-networking site to allow targeted ads based on user profiles

(Newser) - Facebook is at work on a way to sell ads based on information users and their friends post on the site, the Wall Street Journal reports. A basic version of the service could launch this fall, and the social-networking titan eventually might allow marketers to predict products and services users...

Blog Leaks Facebook Source Code
Blog Leaks Facebook Source Code
Aug 13, 2007 5:30 PM CDT

Blog Leaks Facebook Source Code

Concerns persist over social site's security

(Newser) - A blog called "Facebook Secrets" posted a restricted section of the site's source code on Saturday, revealing a major security flaw in the popular social networking site. While the leak didn't  reveal any sensitive information, it does raise concerns as to whether the site's 52M users' personal data is...

Judge Mulls Second Suit Against Facebook Founder

ConnectU suing Mark Zuckerberg for stealing their code

(Newser) - The former Harvard friends who unsuccessfully sued Facebook's founder two years ago for stealing their idea are trying again. They filed another suit in Massachusets federal court earlier this year; yesterday the judge said he'll rule in two weeks on whether to dismiss it.

In Challenge to MySpace, Facebook Opens Up

Networking site sets its sights on platform model

(Newser) - In a challenge to social-networking giant MySpace, Facebook will open itself to outside software developers. With 65 partners—including Microsoft and Amazon—cleared to build web applications within the site, the scrappy No. 2 is attempting to transform itself into an all-in-one destination. The lure: Partners don't have to pay...

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