Bryer courted co-founder Mark Zuckerberg in Facebook's early days and eventually got him to agree to take a $12.7 million investment that valued the company at $93 million. What a bet that turned out to be -- for Breyer and his firm. Accel sold $2.1 billion worth of shares into Facebook's IPO last May. Last October, Breyer personally cashed in more than $81.1 million … Read more
Stickers, which are essentially a character-driven interpretation on emoticons, made their first appearance in Facebook's iOS application in mid April. The social network has since added its warm-and-fuzzy, and sometimes kooky, digital machinations to the Messenger application for Android. Facebook will eventually bring the characters to its other messaging apps as well.
Facebook announced Friday the release of a new sticker pack based on a character Jones created called Finch. The pack features … Read more
Microsoft co-founder Bill Gates, Microsoft CEO Steve Ballmer, Microsoft General Counsel Brad Smith, and entrepreneur and investor Sean Parker have all signed on in support of the Facebook CEO's group aimed at reforming immigration. AllThingsD earlier reported the news, and CNET confirmed the report with FWD.us.
"We've been excited by the momentum we continue to see as more members of the tech community contribute to the national debate to improve our economic future, and support the … Read more
On Thursday, Facebook announced that it agreed to acquire 2-year-old Parse for an undisclosed sum, though multiple reports peg the value at $85 million in cash and stock.
Parse serves as host to "tens of thousands" of iOS, Android, Windows, and HTML5 apps. The company offers mobile developers a convenience by taking care of back-end … Read more
The social network announced Thursday that it picked up the mobile-focused company for an undisclosed sum and said it plans to continue offering Parse's products and services. The deal is reported to be worth $85 million, according to TechCrunch.
"By making Parse a part of Facebook Platform, we want to enable developers to rapidly build apps that span mobile platforms and devices," Doug Purdy, Facebook's director of product management, said. "Parse makes this … Read more
The company is nudging some members to message their online friends by indicating chat availability with a green dot, officially called a "presence dot," alongside status updates in News Feed. The tiny addition lets people click the green dot to initiate a message thread.
"This is a limited test putting presence dots on News Feed posts to indicate when your friends are available to chat," a Facebook spokesperson confirmed to CNET. "We … Read more
Rumors have been confirmed that the new massive data center to be built in Altoona, Iowa, will be owned by none other than Facebook.
The social network announced Tuesday that the 194-acre site will be the home of its fourth wholly-owned and operated data center worldwide.
"For most people, Facebook is something pretty simple. It's a service you visit every day to connect with the people and things you care about," Facebook's vice president of infrastructure engineering Jay Parikh wrote in a blog post. "But behind the scenes, Facebook is a global service of immense … Read more
Tuesday, Nike released an update to its FuelBand application for iOS that lets band-wearers sum up a workout with a photo, tag their friends and location, and share the tagged shot with Facebook for additional recognition through "likes" and comments.
The FuelBand is an activity tracking wristband that encourages people to set goals and document their daily progress personally or on a leaderboard with friends. The latest addition to the companion … Read more
Facebook has acquired the team behind Spaceport, a cross-platform development company specializing in Web-based games, the companies announced Tuesday.
The move shows a continued focus for Facebook on mobile development expertise.
"After looking at Facebook's mission of building best-in-class mobile experiences, as well as much internal discussion with my co-founder and mentor and YouWeb Incubator founder Peter Relan, our team saw a huge potential in working more closely with Facebook," Spaceport co-founder Ben Savage wrote on the company's site today. "With that said, today we're announcing that the Spaceport.io team will move as … Read more
In its first quarter of this year, Facebook, according to its lobby disclosure form, shelled out $2.45 million on lobbying costs. The figure amounts to a 75 percent increase from the $1.4 million it spent in the previous quarter, and a 277 percent increase from the mere $650,000 it spent in the first quarter of 2012. In 2012, Facebook spent a total of $4 million on lobbying efforts.
The company's lobbying budget is now in the same ballpark as that of … Read more