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Will Costly Options Hurt Facebook?
Will Costly Options Hurt Facebook?
Oct 28, 2007 10:16 PM CDT

Will Costly Options Hurt Facebook?

High valuation from MS could slow recruiting in Silicon Valley

(Newser) - Microsoft's recently purchased stake in Facebook may make it harder for the social networking site to hire talented employees, reports the Wall Street Journal. By selling a 1.6% stake for $240 million, Facebook increased its valuation to $15 billion, in turn radically increasing the cost of stock options, which...

Facebook Seeks Hedge Fund Cash After Microsoft Deal

Social networking site now valued at $15B

(Newser) - After raising $240 million from Microsoft, the social networking site Facebook expects to raise a further $260 million from hedge funds and private-equity investors, according to the Wall Street Journal. The cash will be used to fund an international expansion and a new ad revenue system. The investment would put...

Microsoft Deal Overshadows Google's Analyst Day

Facebook deal dominates conversation, irritates execs

(Newser) - Google made some noteworthy announcements at its Google Analyst Day yesterday, but they were overshadowed by Microsoft's announcement earlier in the day that it was acquiring a $240 million stake in Facebook, a prize for which the two companies had reportedly engaged in a heated bidding war. Among Google's news:...

Microsoft Beats Out Google for Facebook Deal

Company will handle international ad sales, invest $240 million

(Newser) - Microsoft has beaten out Google for the hand of fair Facebook. The much-anticipated decision was announced today: Microsoft will handle Facebook's international ad sales (it already handles US sales) and invest $240 million for a 1.6% stake in the networking site. "We are pleased to take our Microsoft...

Facebook Closes in on Combo Ad, Investment Deal

Company's partner choice will be either Microsoft or Google

(Newser) - Google and MIcrosoft are both pushing hard to land a deal to sell international ads for Facebook, and the networking site could announce a decision as early as today. Whichever company is chosen will also buy a minority stake in the startup. Top Google and Microsoft execs are traveling to...

Cable, Telcos Killing US Web Success Says Pundit

Sees broadband providers' Luddite attitudes stifling growth, innovation

(Newser) - Comcast’s recent disabling of big file uploads could lay waste to Silicon Valley’s media complex, says SiliconValleyWatcher’s Tom Foremski, injuring or killing Web 2.0 companies like YouTube or Facebook. Comcast's insistence that it isn’t contractually obligated to provide those companies’ services, he argues, is the...

Facebook May Announce Deal Results Tuesday

Social-network firm has scheduled a sudden all-hands meeting

(Newser) - The result of the bidding war between tech giants Microsoft, Google and Yahoo as to who will own a large investment stake in the social networking site Facebook is still not clear, but an answer may be forthcoming: an all-hands meeting for the young company has been called for Tuesday,...

Google Ads Backfire on Social Site in Brazil

Ads placed near offensive material set off controversy

(Newser) - Google's attempts to capitalize on its Orkut social networking site in Brazil blew up when ads began appearing next to child pornography and racist screeds, causing a round of controversy and a lawsuit for the online giant. Google immediately yanked the ads, reports the Wall Street Journal,  but now...

Don't Buy Latest Dot-Com Hype, Mag Warns

Economist finds holes in social net sites like Facebook, MySpace

(Newser) - While Facebook and other online social networks are growing like digital weeds in Silicon Valley, their popularity may be more a product of hyperbole than actual developmental potential, the Economist argues. But major internet speculators Google, Yahoo, and Microsoft don't seem to care, as each bids billions to buy Facebook,...

Facebook Founder's No to IPO
Facebook Founder's No to IPO
Oct 18, 2007 12:21 AM CDT

Facebook Founder's No to IPO

Zuckerberg says going public is years away

(Newser) - Facebook's founder Mark Zuckerberg has quashed speculation over a possible initial public offering. Speaking to an overspill audience at the Web 2.0 conference, held in a ballroom of the ornate Palace Hotel in San Francisco, Zuckerberg said Facebook, the popular internet social network, would not be selling shares on...

Facebook Getting Safer
Facebook Getting Safer
Oct 17, 2007 2:33 PM CDT

Facebook Getting Safer

Networking site will work closely with New York attorney general's office

(Newser) - Facebook will roll out new protections against online predators, CNN reports, after an investigation by New York's attorney general last month blasted the site for "significant defects." The improvements include a new disclosure for parents and an easier process for reporting unwanted advances. Facebook will also appoint (and...

MySpace to Partner With Skype
MySpace to Partner With Skype
Oct 17, 2007 7:30 AM CDT

MySpace to Partner With Skype

Deal will offer MySpace users free online phone calls

(Newser) - Online juggernauts MySpace and Skype will team to connect users of the social networking website to the free online phone call service starting in November. Skype's CEO called the move "an obvious fit," while the New York Times notes the potential crossover—MySpace claims 110 million mostly US-based...

MySpace to Welcome Outside Widgets
MySpace to Welcome Outside Widgets
Oct 10, 2007 4:07 PM CDT

MySpace to Welcome Outside Widgets

Site will match Facebook by opening itself to third-party apps for users

(Newser) - MySpace will announce next week that it's making space for third-party developers, TechCrunch reports. Whispering began in June about the development of MySpace Platform, which will allow outside companies to create applications for the popular social-networking site. In a huge change, developers will also have a chance to include advertising...

Facebook Users Hook Up—With Fellow Burmese Monk Backers

300K mobilize through social networking site

(Newser) - Mammoth networking site Facebook is triggering a massive mobilization of protesters around the world who will hit the streets this weekend in support of the Burmese monks, Wired writes. Nearly 300,000 people have joined the Facebook group "Support the Monks' Protest" since a story on the movement broke...

Facebook to Jump to Real-World Bookshelves

Recent Harvard grads plan satirical look at web giant

(Newser) - The kudzu of the internet will spread beyond the virtual world to bookstore shelves next year with the publication of The Facebook Book, a satirical look at the social-networking phenomenon. The authors, both recent Harvard grads, say they plan a "fictional and fanciful" take on Harvard dropout Mark Zuckerberg's...

Parents Fret but Won't Curb Kids' Web Surfing

Poll says large majority have had 'issues' with what they encounter

(Newser) - A new study of parents with children who use the Internet finds that 71% had at least one incident involving inappropriate content in the last year. But with most saying the web helps their children in school, and only 30% citing problems with overuse, parents are stepping up monitoring efforts...

GeoCities' Fate Offers Lesson for Facebook

Warning signs found in an earlier deal for a once-hot site

(Newser) - As Facebook founder Mark Zuckerberg contemplates a big Microsoft deal, the Wall Street Journal’s Dennis K. Berman has a cautionary tale for him: GeoCities. The web community, once the third-most-visited site on the internet, fell into obscurity after Yahoo's huge buyout stymied its innovation. That’s relevant for Zuckerberg,...

NY Targets Facebook Predators
NY Targets Facebook Predators
Sep 25, 2007 3:49 AM CDT

NY Targets Facebook Predators

Cuomo probe uncovers sex solicitation and poor response from company

(Newser) - The online social networking site Facebook is becoming a hangout for sexual predators hunting young victims, according to an undercover investigation by New York Attorney General Andrew Cuomo. Investigators pretending to be teenagers on Facebook were repeatedly solicited by adult sexual predators, reports Computerworld. But when complaints were filed with...

Microsoft May Pump up to $500M Into Facebook

Bidding war with Google could net even more

(Newser) - Facebook is in talks with Microsoft about a $300-500 million investment that could give the software company as much as a 5% ownership stake in the social networking site. The deal could boost Facebook's value over $10 billion, and help Microsoft challenge rival Google for Internet advertising cachet, the Wall ...

Boomers Get TheirSpace
Boomers Get TheirSpace
Sep 12, 2007 6:45 PM CDT

Boomers Get TheirSpace

New social networking sites are aimed at 'sticky' baby boomers

(Newser) - Entrepreneurs are rolling out social networking websites aimed at those old enough to have spawned the devotees of Facebook and  MySpace, the NY Times reports. Investors say it's good business—older surfers are more likely to stick with a site they like, and there are a lot of tech-savvy boomers....

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