Facebook hit with lawsuit over plan to issue new stock


SAN FRANCISCO A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move an unfair deal to entrench Chief Executive Mark Zuckerberg as controlling shareholder.

Facebook says government requests for data continue to rise

Facebook Inc said on Thursday that government requests for account data increased by 13 percent in the second half of 2015, with the United States and India topping the list.

Tech, Top News, 29 Apr 2016

US STOCKS-Wall St gets a lift from Facebook, corporate M&A

* Dow down 0.17 pct, S&P up 0.04 pct, Nasdaq up 0.47 pct (Adds details, changes comment, updates prices)

Facebook revenue smashes expectations as mobile ad sales surge

Facebook Inc's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. | Video

Top News, Business, Tech, 28 Apr 2016

Facebook plans new non-voting shares to keep Zuckerberg at helm

SAN FRANCISCO Facebook announced on Wednesday it will create a new class of non-voting shares in a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media juggernaut he founded.

Business, Tech, Top News 28 Apr 2016

Facebook developing camera app similar to Snapchat - WSJ

Facebook Inc is developing a stand-alone camera app, similar to disappearing photo app Snapchat, to increase user engagement, the Wall Street Journal reported, citing people familiar with the matter.

Tech, 26 Apr 2016

Instagram to add video channels to "Explore" section

Facebook's picture sharing app Instagram is updating its "Explore" section to add video channels that will appear in a feed according to users' preferences.

Tech, 14 Apr 2016

Facebook's next frontier: chatbots

SAN FRANCISCO Facebook Inc said on Tuesday it has opened up its Messenger app to developers to create "chatbots," hoping that by simulating one-on-one conversations between users and companies it will expand its reach in customer service and enterprise transactions.

Tech, Top News, 13 Apr 2016

Facebook expands live video, challenging TV and web rivals

SAN FRANCISCO/LOS ANGELES Facebook Inc on Wednesday expanded its live video product, Facebook Live, giving the feature prominent placement on its app and rolling out features to make it easier for users to search and comment in real time.

Tech, Top News 07 Apr 2016

WhatsApp strengthens encryption in wake of iPhone case

WASHINGTON Facebook on Tuesday announced it had bolstered the default encryption settings for the more than one billion users of its popular WhatsApp messaging service so that all messages will now be accessible only to the sender and recipient.

Tech, 05 Apr 2016