Last week rumors began to circulate that Facebook was interested in acquiring Opera Software, the makers of the Opera Web browser. The social networking giant recently removed Google’s Chrome Web browser, which is the most popular in the world, from its recommendation list and replaced it with Opera, further fueling the speculation of a potential buyout. While both Chrome and Apple’s Safari Web browsers are supported by Facebook, the Menlo Park-based company is recommending users to use Microsoft&...

Social networks like Facebook and Twitter are become focal points of our digital lives, and just as they did with email and other popular digital technologies, spammers are looking to capitalize. According to Mark Risher, chief executive officer of anti-spam software company Impermium, spammers are responsible for creating as much as 40% of the accounts on popular social media sites like Facebook and Twitter. “Social spam can be a lot more effective than e-mail spam,” Risher told Bloomberg Businessweek ...

Facebook has reportedly hired more than half a dozen former Apple engineers as part of renewed efforts to build an own-brand smartphone. According to a recent report from The New York Times, the hires are comprised of former hardware and software engineers who worked on the iPhone, and one engineer who worked on the iPad. Why the renewed interest in a Facebook phone? “Mark is worried that if he doesn’t create a mobile phone in the near future that Facebook will simply become an app on other mobile platfor...

Pennsylvania-based law firm Kessler Topaz Meltzer & Check, LLP on Friday filed a class action lawsuit against Facebook regarding the handling of its initial public offering, which was made on March 18th. On the day of its IPO, the company was hit with a privacy-related class action lawsuit seeking $15 billion in damages. This new complaint, which was filed in the United States District Court for the Southern District of New York, charges Facebook and multiple officers, directors and underwriters with v...

Following Facebook’s $1 billion acquisition of Instagram, it looks like the company has no intention of slowing down. According to a report from Pocket-lint, the social networking giant may be looking to enter the Web browsing market by purchasing Opera Software. The move would put Facebook in direct competition with Microsoft and Mozilla, and it would certainly apply increased pressure to Google as well. Opera’s mobile browser has seen strong growth in recent years, however the same cannot be sa...

Facebook on Thursday announced “Camera for iOS,” a new mobile app that intends to make uploading and viewing Facebook photos faster and easier. The app features Instagram-like filters and unlike Facebook’s current mobile app, Camera for iOS allows users to upload multiple photos at once. It remains to be seen how Facebook’s new app will impact Instagram, which the company acquired for $1 billion last month. Facebook’s Camera for iOS is available now on the Apple’s App Stor...

Facebook made its initial public offering last Friday and while it didn’t go as smoothly as many had hoped, the offering was still the largest of its kind. Facebook stock began trading at $42 on Friday before closing just above $38, the IPO price set by bankers the night before. The stock has since slid further, touching $30 in pre-market trading on Wednesday morning, and media coverage has turned sour as investors continue to balk. All things considered, however, the $16 billion Facebook raised on Fri...

Backers of the whistle-blowing organisation WikiLeaks recently launched Friends of WikiLeaks (FoWL), an encrypted social network for like-minded individuals. “Friends of WikiLeaks is a network of people from across the globe who defend WikiLeaks, its people, its alleged sources and its mission,” the website’s homepage says. “We publicly and privately promote WikiLeaks and individuals and organisations aligned with the mission of WikiLeaks. This site will help you to join with people l...

Less than 2% of mobile carriers’ subscribers “Like” them on Facebook despite the millions of dollars they collectively spend in an effort to promote their services on the world’s most popular social network. Facebook made its initial public offering on Friday and while the company’s stock price dipped below the IPO price of $38 on Monday and continued to slide on Tuesday, Facebook’s offering was the biggest Internet IPO of all time by nearly 10 times. There is no denying th...

Facebook, the world’s largest social networking site, is filled with a large selection of social and casual games, such as Draw Something, Words With Friends and FarmVille. While the topic of Facebook gaming is widely discussed, there isn’t much there in the way of titles that would attract the hardcore gaming crowd. Ubisoft is looking to change that, however, with the release of Tom Clancy’s Ghost Recon Commander. The game, unlike its console counterpart, is not a first-person shooter but i...

Facebook is officially a public company as of Friday morning shortly after 11:00 a.m. Eastern Time, and what better way to celebrate the milestone than with a fresh privacy lawsuit? Led by Stewarts Law and Bartimus, Frickleton, Robertson & Gorny, a class action lawsuit has been filed in San Jose, California alleging that Facebook unlawfully continued to track users’ Web browsing after they logged out of the service. The suit seeks more than $15 billion in damages. “This is not just a damages...

The effectiveness of Facebook’s advertising was called into question earlier this week when General Motors confirmed that it would be pulling the $10 million the company spends annually on Facebook ads because they are not delivering results. Now, just one day before Facebook’s initial public offering, a study conducted by marketing agency Greenlight suggests that nearly half of all Facebook users will never click on a sponsored post or display ad. (more…)

Facebook on Thursday set the share price for its initial public offering at $38. Shares of Facebook will begin trading on the NASDAQ exchange after the opening bell on Friday, and the social networking giant could raise as much as $16 billion. The offering will be the largest ever Internet IPO, besting the $1.4 billion raised by Google in 2004 by a substantial margin. A total of 421,233,615 shares of its common stock will be made available. Facebook’s press release follows below. (more…)

Facebook is just days away from one of the largest initial public offerings of all time. The social networking site is looking to raise more than $16 billion dollars at a valuation in the $100 billion price range. Facebook is worth a lot of money, and a company called Abine has created a program to determine just how much individuals are worth to Facebook. The program, called Facebook Val-You Calculator, determines a user’s worth with the help of seven questions regarding the number of friends they ha...