Just about anyone who's ever used Facebook has wished for a "Dislike" button at one point or another. Unless you're willing to rid your Friends list of all your friends, family, and co-workers, then you've seen an inane post that made you question how well you really know Uncle Bob or your buddy Bill. Or maybe someone posted a spoiler to The Sons of Anarchy's series finale. Well, the good news is Facebook is at least "thinking about" a dislike button. The bad news? A "sympathize" button is more likely to appear.
Mark Zuckerberg makes a major play in the mobile messaging arena
One thing is certain, Facebook isn't the least bit afraid to throw obscene amounts of cash at startups and services that have proven themselves in the public eye. It's a rather long list that includes Instagram ($1 billion), FriendFeed ($47.5 million), ConnectU ($31 million), and several others, though Facebook just announced its largest acquisition to date -- $19 billion for WhatsApp.
World's most popular online playground turns 10 years old
They grow up so fast, don't they? One day they're these little immature things making friends, and the next they're forming alliances and making tons of money. We're talking about social networks, of course, and though it might be hard to believe, Facebook is celebrating its 10th anniversary today. Mark Zuckerberg used the occasion to reflect back on the past 10 years as well as ensure users that he fully expects Facebook to be around for another decade, and beyond.
A rough draft on connecting the planet's population
Facebook founder Mark Zuckerberg is ambitious, if nothing else. Whether you're into the social networking scene or not, you have to credit the whiz kid for building the world's largest social playground with over a billion active users around the globe. That's impressive, but it pales in comparison to what he wants to do next. The social star now wants to connect every person in the world to the Internet, and he has a plan to get it done.
Facebook didn't announce its own brand phone, but did unveil it's own Home screen.
Rumors of an official Facebook phone have been swirling for a long time now, though Mark Zuckerberg has in the past tried to quiet such speculation by saying he's not interested in diving into hardware. If you thought he was lying, today's announcement is bound to be a disappointment. Instead of unveiling a Facebook phone, Zuckerberg introduced the world to "Home," which isn't a phone or an operating system. So, what the flip is it, then?
It took Facebook less than a decade to accumulate over 1 billion users.
Facebook, the world's largest social playground with over a billion participants and growing, celebrates its 9th birthday today. It was on February 4, 2004 that Mark Zuckerberg and his partners launched "Thefacebook," the original name of the Harvard-only service before Zuckerberg droped the "The" from the title at the recommendation of Justin Timberlake Sean Parker, or at least that's how it was portrayed in the docu-drama The Social Network.
Even the Zuckerbergs aren't immune to Facebook's murky privacy controls.
Facebook co-founder and billionaire whiz-kid Mark Zuckerberg may think that everything's all hunky-dory with his social networking site, but his sister Randi might have a different opinion. A former marketing director at Facebook, Randi posted a picture to her Facebook Timeline of her family reacting to a new "poke" application. A friend saw the photo of the semi-private moment and, much to Randi's dismay, posted it to Twitter.
A million members isn't cool. Do you know what's cool? A billion members. Yes, we're semi-quoting from the movie The Social Network, in which Justin Timberlake, playing the part of Napster founder Sean Parker, talks about scaling to a billion dollars. Facebook's been there and done that, and now it can add to its list of achievements that it's now home to more than one billion people actively using the social networking service each and every month.
You don't need to pity Mark Zuckerberg, the billionaire whiz kid who may have gotten himself in over his head when taking the world's largest social playground to the stock market. As in, way over his head. He'll be okay. But that $38 IPO price, which was supposed to be just the beginning of a much, much higher number? It seems like a distant memory just four short months later. For one reason or another, Facebook's share price keeps moving further away from its IPO price, having started the week off by dropping more than 9.1 percent to $20.79 on Monday. Today it's down slightly more, and some are saying it could fall to $15.
For all the hype leading up to Facebook's Initial Public Offering (IPO) in May of this year, it's somewhat hard to believe the social networking site is performing so poorly in the stock market. It's not shocking that Facebook hasn't lived up to all those inflated valuations that came courtesy of hefty private investments before being traded on the public market, but would you have guessed it would become the second worst performing IPO post share lock-up? Let us explain if you don't know what that means.