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Google shares soar as YouTube growth allays fears over Facebook

Last Updated: Friday, July 17, 2015, 21:16

Google Inc`s shares surged as much as 14.5 percent on Friday, adding nearly $60 billion to its market value, as strong growth in mobile ad revenue allayed concerns its YouTube business could be hurt by Facebook Inc`s push into video.

Facebook to build new data center in Forth Worth

Last Updated: Wednesday, July 8, 2015, 00:51

Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall.

Facebook's userbase touches 125-mn in India

Last Updated: Monday, June 29, 2015, 18:49

Globally, it has 1.44 billion monthly active users as of March 31, 2015.

Facebook earns 51% of ad revenue overseas: Executives

Last Updated: Wednesday, June 10, 2015, 09:00

Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company executives told Reuters.

Nasdaq to settle Facebook IPO lawsuit for $26.5 million

Last Updated: Friday, April 24, 2015, 02:41

In a first for a US stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a class-action lawsuit involving its bungling of Facebook Inc`s $16 billion initial public offering, the plaintiffs` lawyers said.

Facebook revenue growth slows, costs weigh on profit

Last Updated: Thursday, April 23, 2015, 06:57

Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits.

Fugitive fails to revive Facebook lawsuit, block criminal case

Last Updated: Tuesday, April 21, 2015, 02:53

A federal appeals court on Monday forcefully rejected the fugitive Paul Ceglia`s effort to revive what U.S. prosecutors have called his fraudulent lawsuit to extort social media company Facebook Inc and its founder Mark Zuckerberg.

Facebook in soup over 'stealing' personal data

Last Updated: Wednesday, April 8, 2015, 15:46

Facebook is in legal trouble over usage of personal data of its users for its facial recognition features, media reports said.

Facebook talks up need for virtual reality, big tech bets

Last Updated: Friday, March 27, 2015, 08:56

Virtual reality, artificial intelligence and drones will enable Facebook Inc to create a more lifelike and useful social network, the company said in its clearest explanation so far for technology projects that have puzzled some investors and analysts.

Facebook to allow users to send money to friends through Messenger

Last Updated: Wednesday, March 18, 2015, 09:26

Facebook Inc said it is adding a new feature to its messaging app that allows friends to send and receive money through it.

Facebook's Zuckerberg seeks peace with telcos on Web-for-all push

Last Updated: Tuesday, March 3, 2015, 08:37

Regulators in the United States and Europe are pushing for measures such as open Internet rules to strike a new balance between the two industries.

Facebook tops Wall Street revenue target in 4th quarter

Last Updated: Thursday, January 29, 2015, 04:36

Facebook Inc`s revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world`s largest Internet social network beat Wall Street`s targets for earnings and sales.