FaceBook Archive

Mark Zuckerberg cashes in as Facebook offers new shares

Posted December 20, 2013 By David Kolle

Facebook founder, Mark Zuckerberg, plans to cash in $US2.3 billion worth of shares as part of a new share offering by the huge social network.

Mark ZuckerbergA Facebook report said the company plans to sell 70 million shares in a follow-on offering to the huge initial public offering in May 2012.

Of the total amount, Zuckerberg will sell around 41 million shares, mainly to satisfy his tax obligations, the company said in a statement.

The 27 million new shares would raise some $US1.5 billion for the company “for working capital and other general corporate purposes,” the statement said.

Zuckerberg’s sale will have little impact on his control of the company. Read the remainder of this entry »

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On Monday, several Facebook users received an error messages when trying to log on to the social networking site.

facebook errorSome people were able to log on to the site but found they were unable to post a status update, instead receiving another error message.

Many headed to Twitter to sound their frustration.

“Thank God we have Twitter so we still don’t have to actually talk to anyone,” was one comment.

The glitch lasted a few hours until Facebook technicians managed to fix the problem.

“Earlier this morning, while performing some network maintenance, we experienced an issue that prevented some users from posting to Facebook for a brief period of time,” said a Facebook spokesman.

“We resolved the issue quickly. We’re sorry for any inconvenience we may have caused.”


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Facebook has frequently found itself embroiled in criticism over its privacy policies, and this one in particular may draw more unwanted attention than usual.

facebook and teensUp to Wednesday, Facebook users between the ages of 13 and 17 were only able to share status updates, pictures and videos with their online friends or friends of friends. With the new policy, teenage users may opt to open up their accounts and make their posts public.

“Teens are among the savviest people using social media, and whether it comes to civic engagement, activism, or their thoughts on a new movie, they want to be heard,” the company wrote in a blog post . “While only a small fraction of teens using Facebook might choose to post publicly, this update now gives them the choice to share more broadly, just like on other social media services.”

Patrick Moorhead, an analyst with Moor Insights & Strategy, said the new policy could be an issue or Facebook. “Historically, online privacy activists have gotten riled up about Facebook privacy issues but it never really ever got far,” he said. “Now there is the chance child advocacy and parent groups will step in.” Read the remainder of this entry »

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Facebook say they want to make building apps easier

Posted September 23, 2013 By David Kolle

Facebook say they are making it easier for outside developers to build apps by providing them with back-end hosting tools.

Zemanta Related Posts ThumbnailLast week the social network giant held its first Parse Developer Day, a conference geared toward third-party app developers.

Parse is a cloud service company that provides a hosted back-end infrastructure to make it easier for developers to build their mobile apps. Facebook announced its acquisition of Parse in April.

Facebook already provides software tools to let outside developers plug into the social network’s data with Facebook Platform. But that service is focused more on the distribution of apps, Facebook CEO Mark Zuckerberg said during a surprise appearance at the conference in San Francisco.

“We want to do more than that,” he said. What Facebook is trying to do with Parse, he said, is to give developers new tools to build and grow their apps. Read the remainder of this entry »

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