Internet / Social Media

Facebook Plumbs New Lows as Sales Curbs Start to Expire

Facebook Inc shares sank 6.3 percent to a record closing low after early investors got the greenlight to sell for the first time since the No. 1 social network went public, starting a string of insider lockup expirations that will pressure the stock for months.

MOST POPULAR

more headlines

  • What's App

    Pinterest for Android is Finally Here, Along with New iPad App

    Android users who persistently called on Pinterest to make a native Android app finally got their way. On Tuesday, Aug. 14, the rapidly-growing social networking site finally launched a native app for Android devices, as well as an updated app for iOS.

  • Court Lets Google Appeal Digital Books Class Status

    Google Inc has won the right to appeal the granting of class status to thousands of authors suing the search engine company over its ambitious plan to create the world's largest digital books library.

  • Groupon Tumult Turns Up the Pressure on Mason

    Groupon Inc's latest financial results raise new questions about the daily deals company's business model and whether Chief Executive Andrew Mason is the right person to fix it.

  • Twitter-Clone App.Net Hits $500K Target – Would You Pay for an Ad-Free Social Service?

    San Francisco-based developer Dalton Caldwell, the man behind Twitter-like social media service App.net, announced that the team had reached its funding goal for the App.net alpha project. In a blog post on Sunday, Aug. 11, Caldwell announced the project has hit its $500,000 goal with two days left to go, and has raised more than $644,000 from thousands of backers who have already signed up to be App.net's first users.

  • U.S. Seniors Find It's Never too Late to Learn Social Media

    Seniors, some in their 90s, could soon be making new friends on Facebook thanks to New York libraries offering classes to help the elderly learn, or brush up their social network skills.

  • EBay Shares Gain on Strong July Sales Data

    EBay Inc shares rose 3 percent on Monday, closing in on a multi-year high after data showed the world's largest online marketplace had a strong sales month in July.

  • Google to Acquire Frommer's Travel Guidebooks

    Google Inc is buying the Frommer's line of travel guidebooks, the latest move to amass a trove of publishing content that could strengthen the No. 1 Internet search company's push to become a major online travel broker.

  • Groupon Results, Forecast Disappoint on European Woes

    Groupon Inc became the latest young consumer Internet company to disappoint Wall Street on Monday, when the world's largest online daily deals provider missed quarterly revenue expectations and gave a cautious profit outlook.

  • Mobile

    Google to Cut 4,000 Motorola Mobility Jobs, Shares Rise

    Google Inc will slash 20 percent of the workforce of Motorola Mobility in the Internet search giant's largest job cuts ever as it moves to make more smartphones and fewer simple mobiles.

  • App.net Meets Funding Goal, Prepares to Offer Paid Alternative to Twitter

    App.net founder David Caldwell believes that current social websites think and operate backwards; advertisers are their customers, and users are only the product they sell to those advertisers. Caldwell plans to right the social media world with the release of app.net, an alternative to today's entrenched social media sites, most notably Twitter.

  • Google Downranks Pirate Sites But Not YouTube – Why?

    Google's new copyright-policing strategy has won the hearts of copyright advocates such as the MPAA and the RIAA, but is also sparking some controversy among those lobbying for keeping the Internet free. It seems, however, that Google's new policy will not affect YouTube, although the site has been known as a popular venue for illegally posted copyrighted material.

  • uTorrent Becomes Ad Supported, Track Your IP Address Along The Way

    The number one torrent client, uTorrent, has opened a new chapter that will no doubt anger the torrenting community. The client is freely distributed. However, the developers appear to have wants for cash and they cannot do that by sitting pretty in the current business model. The plan is to support advertisements in uTorrent, so get ready to view ads you probably won't be able to block.