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LinkedIn Delivers Sparkling Earnings Report, Bright Forecast February 10, 2012
LinkedIn, the social network site for professionals, surprised the market on Thursday, reporting fourth-quarter sales that more than doubled its year-ago performance. Company executives forecast an even better 2012. Shares of LinkedIn rose more than 10 percent on the news. Revenue for the quarter ending Dec. 31 hit $167.7 million, up from $81.7 million in Q4 2010.
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Huge Pension Fund Grouses Over Facebook's Unbalanced Board February 09, 2012
The California State Teachers' Retirement System has a gripe about the makeup of Facebook's board of directors: It is too small and too male. In fact, there are no women on the board. "We believe that investors and the company would benefit from a larger, more diverse board," CalSTRS corporate governance director Anne Sheehan wrote to Facebook founder and CEO Mark Zuckerberg.
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Facebook's IPO: What's Its Game? February 07, 2012
As Facebook prepares for an IPO of its stock that may value the company at US$100 billion, it's important to know what sport it's in and if, like the Chicago Bulls with Jordan, dynasties can last. Michael Jordan was probably the best basketball player to play the game of hoop. He had a halo effect. But baseball just wasn't his sport at the level basketball was.
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Facebook May Be Chasing Mobile Ad Pot of Gold February 06, 2012
Facebook is reportedly working on a system to put ads in its mobile services. The news comes just days after the social networking giant filed for an initial public offering, hoping to raise $5 billion. In its IPO filing, Facebook stated that the number of active mobile users of its social network is growing.
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Facebook to Investors: You Like What You See? February 04, 2012
Facebook's finally decided to take a head-first dive into the mountain of cash it's been standing on for years. Following several days of heated rumors and years of speculation about when CEO Mark Zuckerberg was finally going to cash in his chips, the company filed an S-1 statement with the SEC, paving the way for an IPO as early as this May.
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Pew Study Finds Facebook Power Concentrated in Relatively Few Friends February 03, 2012
An in-depth look at Facebook user behavior reveals some interesting trends among this more than 800- million constituency: One, Facebook users tend to receive more from the Facebook friends than they give out; two, there is a solid core of users that are very active on the site.
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Zuckerberg to Keep Iron Grip on Facebook's Reins February 02, 2012
Facebook has finally filed for its IPO. The social networking giant submitted an application to the SEC on Wednesday. It plans to raise up to $5 billion. CEO Mark Zuckerberg, who cofounded the company in February 2004, currently holds a 28.4 percent stake. Details in the SEC document illuminated the extent of Zuckerberg's control over Facebook.
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Facebook Laid Bare for All to See February 02, 2012
Facebook filed it's long-awaited S-1 form with the U.S. Securities and Exchange Commission on Wednesday, announcing its intent to raise $5 billion and begin public trading. The highly anticipated move caused enough of a stir to clog traffic on the SEC's website and provided some insight into the social network's financial situation.
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Super Bowl Advertisers Pile On With Multimedia Blitz February 01, 2012
Superbowl Sunday, the biggest, flashiest U.S. sports event of the year, is also the country's biggest advertising event of the year, carrying some of the cleverest ads on TV. This year, Superbowl Sunday may also mark a watershed in advertising, with advertisers reaching out beyond TV to go into digital media in a big way.
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Twitter CEO's Tweet-Blocking Defense: It's Just Business February 01, 2012
Twitter is on the defensive over its new tweet-filtering policy, which it considers a progressive, forward-looking approach to complying with local laws around the globe. Speaking at Dive Into Media Monday night, Twitter CEO Dick Costolo characterized the changes as a way to ensure that more people see tweets.
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Facebook's IPO May Be the Last Straw for Privacy-Minded Users January 31, 2012
Zero hour is approaching as the certainty grows that Facebook will be filing for its initial public offering this week. Zero hour for excited investors and Wall Street banks -- and zero hour for privacy advocates. Even as a private company, Facebook had no problem pushing the envelope, said Consumer Watchdog spokesperson Carmen Balber. "Facebook is already treading dangerous waters ... ."
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Wall Street in the Grip of Facebook Fever January 30, 2012
This is it -- the week every social media investor has been waiting for. Facebook is expected to file for its IPO this week, according to widely circulating rumors, in response to huge demand in the market -- to say nothing of its own employees, many of whom stand to become millionaires overnight. Morgan Stanley is said to be the leading investment bank in the offering.
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Apple Does the Money Dance January 28, 2012
pple's first fiscal quarter is usually a big one. The way its financial calendar works out, what it considers Q1 ends on Dec. 31, meaning it covers the entire holiday period, as well as maybe a little back-to-school action. But the numbers Apple posted about its most recent Q1 were in an entirely different class than the usual money bender it wakes up from this time of year.
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Twitter Builds a Better Gagger January 27, 2012
Twitter announced on Thursday that it can now withhold content from users country by country on demand, while still making that content available to the rest of the world. The news sparked widespread anger as critics accused the microblogging service of censorship and warned that the policy might impede popular anti-government movements such as those seen during the Arab Spring.
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FBI's Most Wanted: A Social Media Monitoring Tool January 27, 2012
The FBI wants to keep its eye on social media users, according to a job post that invites software developers to submit applications capable of mining through sites such as Twitter and Facebook to identify possible threats. The post can be found on FedBizOpps.gov. The bureau has a detailed list of requirements for the app.
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Rival Social Nets Scold Google With 'Don't Be Evil' Bookmarklet January 24, 2012
Engineers from Facebook, Twitter and MySpace have released a bookmarklet called "Don't Be Evil" for the Google Chrome browser. A bookmarklet is a bit of code that runs in a Web browser and temporarily enables added functionality. This one adds more social search results to Google's new Search Plus Your World feature.
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