Facebook reported earnings and revenue that beat estimates in the second quarter, thanks to its robust mobile ad business.» Read More
Facebook Inc. said Wednesday that it earned $788 million, or 30 cents per share, in the April-June period. Adjusted earnings were 42 cents per share, handily beating Wall Street's expectations of 33 cents, according to a poll by Zacks Investment Research. This was the fifth quarter in a row that Facebook beat Wall Street's forecasts.
SAN FRANCISCO— Facebook and most other social networks are built on the premise that just about everything should be shared— except the money those posts produce. At least two services are trying to change that.
NEW YORK, July 22- The government will call Mark Zuckerberg to testify against an upstate New York man accused of trying to cheat the billionaire founder of Facebook Inc out of half his stake in the social media company, a federal prosecutor said on Tuesday.
Google Glass is partnering with technology start-ups, which may help it carve out a more important and profitable role in business.
SUN VALLEY, Idaho, July 10- Media and technology CEOs and investors get together every year at the Allen& Co conference in Sun Valley for a week of mingling and deal-making at the upscale Idaho mountain resort.
LOS ANGELES, July 1- Rupert Murdoch jets into Idaho's Sun Valley next week for the year's most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal.
The "Squawk Alley" team and Roger McNamee, Elevation Partners co-founder, discuss the psychological experiment conducted by Facebook where data scientists manipulated content in feeds to gauge users' emotional response. McNamee says this is not a Facebook specific problem; it's a problem of all free services on the web.
California's business success has come in spite of its hefty tax and regulatory burden.
Facebook is expanding the user profiles behind its targeted advertising, including personal information based on activities on other sites.
SAN FRANCISCO, June 12- Facebook Inc is expanding the internal user profiles that underpin its targeted advertising system, for the first time including personal information based on activities that did not occur within the boundaries of its social network.
Most stereotypes associated with the world's ultra-high-net-worth UHNW)population are just plain wrong, says research house Wealth X Institute.
IPOs and the mass of acquisitions in tech are producing a newly rich class; money managers fight to handle the wealth.
David Marcus, who has led eBay's PayPal unit for the past two years, will join Facebook, the companies announced on Monday.
A Facebook investor is suing the corporation and its founder, Mark Zuckerberg, over its director compensation plan.
June 9- Mark Zuckerberg and other members of Facebook Inc's board have been sued by a shareholder who claimed a policy letting them annually award directors more than $150 million of stock each if they choose is unreasonably generous. Facebook spokeswoman Genevieve Grdina said in an email: "The lawsuit is without merit and we will defend ourselves vigorously."
CNBC's Jon Fortt reports Facebook and Mark Zuckerberg are being accused of wasting corporate assets.
"When someone's worth $77 billion, you're not talking about how much house they can buy. You're talking about how much city they can buy," Redfin's Nela Richardson says.
Big tech is trying to break into politics but is being met with mixed results. Here's what they have to do, says Jake Novak.
SAN FRANCISCO, June 3- Facebook Inc is acquiring Pryte, a Finnish company that aims to make it easier for mobile phone users in under-developed parts of the world to use wireless Internet apps. Facebook did not disclose financial terms of the deal, which spokeswoman Vanessa Chan said is expected to close later this month.
NEW YORK, June 2- For many single or childless individuals, the question of how to distribute their worldly wealth after they die is wide-open and complicated.