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Naysayers heaped a lot of criticism on the social media giant Facebook when it went public in May of 2012 with an initial public offering of $38 a share. The stock fluctuated and that open the door for critics to slam the decision to go public and doubt the value of the number one social network. Now Facebook has smackdown those critics with glowing second quarter earnings and a stock that is trading north of $75 a share today. Some are saying... Read More →
Facebook continues its buying spree with another multi-million dollar purchase. TechCrunch is reporting Facebook is ponying up between $400-500 million for LiveRail, an advertising company, which focuses on video ads that appear on the web and mobile devices. The social network announced the acquisition on its website yesterday. “We believe that LiveRail, Facebook and the premium publishers it serves have an opportunity to make video ads better and more relevant for the hundreds of millions of people who... Read More →
“By giving people the power to share, we’re making the world more transparent.” — Mark Zuckerberg Founder of Facebook Born May 14, 1984
Facebook has made another staggering purchase — $2 billion for the virtual reality gaming company, Oculus VR Inc. The social network made the announcement on its website yesterday. The deal includes $400 million in cash, 23.1 million shares of Facebook common stock, and $300 million earn-out in cash and stock “… based on the achievement of certain milestones.” “Mobile is the platform of today, and now we’re also getting ready for the platforms of tomorrow,” said Facebook founder and CEO, Mark Zuckerberg in the website statement. “Oculus... Read More →
The social media network with the deep pockets, Facebook, seems to be on a buying spree. Last month, Facebook bought the mobile messaging service, WhatsApp,for $19 billion. There’s now a lot of chatter on the Internet about Facebook negotiating to buy New Mexico-based, Titan Aerospace, for $60 million, according to TechCrunch. Titan Aerospace produces solar-powered drones, which can stay up in the air for up to five years without needing to land or refuel. Facebook reportedly is looking at making these drones the work... Read More →
More developments for Facebook. The world’s largest social network has more than a billion monthly users, however, not many of them bothered to use Facebook email. After pushing it for several year, the company has decided to retire @facebook.com. “We’re making this change because most people haven’t been using their Facebook e-mail address, and we can focus on improving our mobile messaging experience for everyone,” Facebook said in a statement that appeared on CNN today. Facebook users are being notified. If you have a Facebook account,... Read More →
A lot of chatter on the Internet and elsewhere about the amazing deal Facebook put together to buy mobile messaging service, WhatsApp, for $19 billion. The social media network announced its newest acquisition last Wednesday. Immediately, there were questions about WhatsApp. Oh, and the money deal made plenty of folks utter: “Say what?” Here’s how it works. WhatsApp uses the Internet instead of a cellular network to send user data like text, images, video, and audio media messages. It’s free for the first year and... Read More →
Social media giant, Facebook, just announced an amazing deal. It’s buying popular messaging mobile startup, WhatsApp, for $16-19 billion. Yes, that’s billion with a “b.” More on this huge Internet purchase and the two WhatsApp owners who are now billionaires on Forbes. Jada Pinkett Smith has snagged a major part in the new Fox drama, “Gotham.” Smith will play tough sadistic gangster boss, Fish Mooney. This is a Batman prequel with many of the villains and heroes made famous in the comics.... Read More →
“Prince of Bel-Air” actor James Avery died last month, on New Year’s Eve. Avery reportedly passed away in a nearby Glendale hospital, following open heart surgery. He was only 68. Avery appeared in a number of movies and TV shows, but is best known for playing the stern, but loving Uncle Phil to Will Smith’s leading role character in the sitcom”The Fresh Prince of Bel-Air.” On his Facebook page yesterday, Smith posted some touching words about Avery: “Every young man needs an Uncle Phil. Rest in... Read More →
Want more information on the Burbank municipal elections? Check out Burbank Votes on Facebook. Not a lot there so far — but hopefully that will change real soon. Did see a post about the city conducting an election workshop on Monday, February 4, in the council chambers at Burbank City Hall. The event starts at 6 p.m. Also, mail in ballots for the February 26, Burbank Primary Nominating Elections, should be going out next week.
No surprise that a family feud is underway over the very rich estate of the late pop legend, Michael Jackson. Some of the superstar’s disgruntled siblings have charged his will is a fake. Yes, that’s the will that left the singer’s fortune to various charities, his mother, and his children and nothing to his brothers and sisters. Forbes investigated MJ’s will and here’s a report on what they discovered. Another bummer of a day for Facebook. The social media giant’s stock has been struggling... Read More →
2010 is the year of Facebook. The powerhouse Internet social network cleared the 500 million users milestone last July. Also, the Facebook movie, ” The Social Network,” hit theaters in October. It was a hit with moviegoers and critics and now has Oscar buzz. Today TIME Magazine announced, Facebook founder and CEO, Mark Zuckerberg, is the 2010 Person of the Year. In a PRNewswire release, TIME editor Rick Stengel explained Zuckerberg rated the honor for a number of reasons: “For connecting more than half-a-billion people and mapping the social relations among... Read More →
