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Mark Zuckerberg cashes in as Facebook offers new shares

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. A 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 […]

Apple acquires Topsy for $200 million. #apple

Apple has bought social media analytics firm Topsy for a reported $200 million. Sources close to the deal, say it was unclear how Apple planned to use the company but that it could be related to Apple’s new streaming music service. Topsy is among a handful of Twitter partners which has access to the full range […]

Parents cautioned to be aware of ‘kik’ app.

Authorities have labeled messaging app kik as ‘the no.1 social media problem involving teenagers’. Unfortunately, most parents would would not have heard of this app before last week. Kik is a free texting app used by more than 50 million people and enables users to connect with strangers. Although it is for people aged 17 and older, […]

Millions of Facebook users were unable to log on to the social network due to an outage. #facebook #socialnetwork

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