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Posts Tagged ‘Mark Zuckerberg’

Facebook Inc chief executive Mark Zuckerberg laid out a vision of his company serving as a bulwark against rising isolationism, writing in a letter to users that the company’s platform could be the “social infrastructure” for the globe.

In a 5,700-word manifesto, Zuckerberg, founder of the world’s largest social network, quoted Abraham Lincoln, the US president during the country’s 19th century Civil War known for his eloquence, and offered a philosophical sweep that was unusual for a business magnate.

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A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering.

U.S. District Judge Robert Sweet in Manhattan said retail and institutional investors who claimed to lose money from buying Facebook shares at inflated prices in connection with the $16 billion IPO may pursue their respective claims as groups.

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Using the Facebook “Safety Check” feature, people in the Paris-area were able to check-in, alerting those in their network they were okay by a click of a button.While many were thankful for the feature after the Paris attacks, others pointed out the feature had not been turned on for other recent violence, specifically, the twin suicide bombings on Thursday that struck a southern Beirut suburb in Lebanon. The bombings killed at least 43 people and wounded many more.

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Facebook recently conducted an experiment to see if Indonesia’s local mobile Internet service could be tweaked to make it easier for users to quickly access the company’s app.

It could be. The company was able to shave seconds from the app’s load time.

There’s technological and historical context here, namely that mobile networks were built to support phone calls and, to a lesser extent, large video downloads. Apps like Facebook’s impose a different sort of traffic on a network. Think of it as a street built to speed the way for pedestrians rather than cars. In Indonesia, Facebook is eager to have an Internet “road” across which Facebook can fly.

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A new Internet-access project could help Mark Zuckerberg, chief of Facebook, cement his position as an industry leader.

MENLO PARK, Calif. — About one of every seven people in the world uses Facebook. Now, Mark Zuckerberg, its co-founder and chief executive, wants to make a play for the rest — including the four billion or so who lack Internet access.

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Facebook, which reported first-quarter earnings on Wednesday, has more than 1 billion people logging in each month. It’s a rapid growth for a service that began in a Harvard dorm room less than nine years ago.

Here are some key developments over the years:

February 2004: Mark Zuckerberg starts Facebook as a sophomore at Harvard University.

March 2004: Facebook begins expansion to other colleges and universities.

June 2004: Facebook moves headquarters to Palo Alto, Calif.

September 2004: Facebook introduces the Wall, which allows people to write personal musings and other tidbits on profile pages. Lawsuit filed against Facebook claiming that Zuckerberg stole the idea for Facebook from a company co-founded by twins Cameron and Tyler Winklevoss and a third person at Harvard.

September 2005:
Facebook expands to include high schools.

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Facebook Thursday showed off a major face-lift for its centerpiece News Feed, placing greater emphasis on the photos and other visual elements that members of the social network are increasingly posting.

The company’s biggest redesign of the News Feed since it was introduced in 2006 will make Facebook more like a “personalized newspaper,” with a less cluttered look and easier access to specific topics like news and sports, Chief Executive Officer Mark Zuckerberg said during a news conference.

“We believe that the best personalized newspaper should be visual and rich and engaging because the stories around you are intricate and detailed and they deserve to be displayed with more than just text,” Zuckerberg said.

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NEW YORK – Facebook hopes to release its own smartphone by next year, as the newly public social networking giant looks to boost its revenue in the mobile Internet market, the New York Times reported Monday.
The company has hired more than half a dozen software and hardware engineers who have worked on Apple’s bestselling iPhone and one engineer who has iPad experience, the paper said, citing employees and other unnamed sources.
It has also expanded a group working on a partnership with Taiwan’s HTC to create a smartphone codenamed “Buffy”—a project first revealed last year by technology blog All Things Digital.
One former Apple engineer who worked on the iPhone and was recruited said he had met with Facebook chief Mark Zuckerberg “who then peppered him with questions about the inner workings of smartphones,” the report said.
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The new Mrs. Mark Zuckerbergmight not have to worry much about money, but that doesn’t mean she is automatically a billionaire.

Allyson Magda/Facebook, via Reuters

The marriage of Mark Zuckerberg and Priscilla Chan has prompted speculation of a prenuptial agreement.

The timing of Mark Zuckerberg’s marriage to his college sweetheart, Priscilla Chan, on Saturday, just a day after he took his company public, was certainly curious. Was he looking to clarify his net worth, which, with roughly 503 million shares, now stands at about $17 billion? And if true, many observers are speculating, did that have to do with the terms of a prenuptial agreement? The Zuckerbergs are not saying.

But what is clear, according to matrimonial law experts, is that whatever Mr. Zuckerberg earned before the marriage is still solely his property afterward.

California is one of fewer than a dozen states that follow community property laws, which specifically outline how property is divided between two spouses (or, in some cases, registered domestic partners).

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Facebook founder and chief executive Mark Zuckerberg has updated his status to “married”.

The social network pioneer and his 27-year-old long-term girlfriend Priscilla Chan took friends by surprise when they tied the knot at a small, private ceremony at his California home on Saturday.

The event capped off a busy week for the couple, coming just a day after Zuckerberg took his company public in one of the most anticipated stock offerings in Wall Street history on Friday.

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