Tech Talk
May 18, 4:52PM
By Chenda Ngak / 1 Comment

Facebook starts trading, shoots up in first minute

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares.

/ AP Photo/Nasdaq via Facebook, Zef Nikolla
(CBS News) Facebook (FB) joined the Nasdaq Stock Market Friday and shot up to $43 within the first minute of trading.

The social network set the price for its initial public offering (IPO) at $38 Thursday after markets closed. The price is currently hovering around $40, but it may change throughout the day.

Full coverage of Facebook at Tech Talk
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May 18, 3:55PM
By Lance Whitney / Add Comment

Report: 37 billion online videos viewed in April

Screenshot by Lance Whitney/CNET

(CNET) How much online video did you watch last month?

Across the U.S., 181 million Internet users tracked by ComScore caught a total of 37 billion videos in April. That means 84.5 percent of the U.S. Internet audience viewed an online video, and the average person spent 21.8 hours doing so for the month.

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May 17, 6:20PM
By Chenda Ngak / 14 comments

Facebook co-founder says he'll pay U.S. taxes

Facebook begins trading on the NASDAQ Friday May 18, 2012.

/ CBS
(CBS News) Facebook priced its initial public offering (IPO) Thursday after markets closed. The social network will offer 421,233,615 shares of common stock at $38 per share. Facebook stock will begin trading on the Nasdaq Friday with the ticker symbol "FB."

Full coverage of Facebook at Tech Talk
MoneyWatch: Facebook prices IPO at $38 per share

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May 17, 4:07PM
6 comments

Facebook grows, but millions say, "no, thanks"

AP Photo/Adrian Wyld
(AP) Don't try to friend MaLi Arwood on Facebook. You won't find her there.

You won't find Thomas Chin, either. Or Kariann Goldschmitt. Or Jake Edelstein.

More than 900 million people worldwide check their Facebook accounts at least once a month, but millions more are Facebook holdouts.

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May 17, 1:54PM
By Don Reisinger / Add Comment

Study: Facebook ads garner few clicks

Screenshot of Facebook advertising

/ CBS
(CNET) Amid all of the controversy surrounding General Motors' decision to take its ads off of Facebook, one would think that, at some point, some good news would come the social network's way. If that's happening, it isn't today.

Full coverage of Facebook at Tech Talk
Facebook increases IPO, could raise $16 billion

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May 16, 4:12PM
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Zuckerberg's Facebook story is study in contrasts

Facebook founder Mark Zuckerberg prepares to speak to reporters at Harvard University November 7, 2011 in Cambridge, Massachusetts. Zuckerberg visited Massachusetts Institute of Technology and Harvard to recruit students for jobs and internships with the social networking site.

/ Darren McCollester/Getty Images

(AP) When Hollywood set out to tell the story of how Mark Zuckerberg launched Facebook, it enjoyed the flexibility of portraying a man who, despite his social network's worldwide reach, was all but unknown to the public.

Full coverage of Facebook at Tech Talk

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May 16, 10:47AM
By Chenda Ngak / 3 comments

Facebook's Saverin may avoid $67 million in taxes

NEW YORK, NY - APRIL 28: Eduardo Saverin, co-founder of Facebook attends the 7th Annual Common Sense Media Awards honoring Bill Clinton at Gotham Hall on April 28, 2011 in New York City.(Photo by Jason Kempin/Getty Images for Common Sense Media)

/ Jason Kempin/Getty Images
(CBS News) Eduardo Saverin made headlines last week, after it was discovered that the Facebook co-founder relinquished his U.S. citizenship to become a resident of Singapore. Saverin was born in Brazil, moved to the U.S. in 1992 and became a citizen in 1998.

Full coverage of Facebook at Tech Talk
Facebook IPO, Mark Zuckerberg kicks off roadshow
Facebook increases IPO, could raise $16 billion

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May 16, 10:04AM
By Chenda Ngak / 1 Comment

Facebook IPO, Mark Zuckerberg kicks off roadshow

Mark Zuckerberg

Facebook Inc. CEO Mark Zuckerberg is escorted by security guards as he departs New York City's Sheraton Hotel May 7, 2012.

/ AP Photo
(CBS News) NEW YORK - Facebook's top executives have hit the road to drum up interest in what could be the largest Internet initial public offering (IPO) in history.

Full coverage of Facebook at Tech Talk
Facebook IPO, shares range from $28 to $35
Facebook IPO coming May 18, report says
Investors cautious of buying Facebook stock

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May 16, 8:09AM
By Chenda Ngak / Add Comment

Facebook increases IPO, could raise $16 billion

CBS/AP
(CBS News) Facebook revised its S-1 filing with the Securities and Exchange Commission for the eighth time Wednesday.

Full coverage of Facebook at Tech Talk
Facebook ups IPO price range as offering nears
Investors cautious of buying Facebook stock

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May 15, 4:24PM
By Chenda Ngak / 1 Comment

Facebook grows to 901 million users

Facebook
(CBS News) Facebook updated figures for its S-1 filing with the Securities and Exchange Commission (SEC). New information about the social network's purchase of Instagram and AOL patents were also revealed.

The social network now reports 901 million monthly active users, 300 million photos uploaded per day and 125 billion friendships. The filing also shows that 488 million people access Facebook via mobile products.

Full coverage of Facebook at Tech Talk
Facebook IPO coming May 17, sources say
Facebook IPO, interesting facts inside the SEC filing
Mark Zuckerberg's kung-fu grip on Facebook

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May 15, 4:24PM
By Chenda Ngak / 1 Comment

Facebook IPO coming May 18, report says

Facebook

(CBS News) Facebook may be filing for its initial public offering May 18, according to a new report. Previously, it was rumored that the world's largest social network would file on May 17.

Full coverage of Facebook at Tech Talk
Facebook IPO, Mark Zuckerberg's new challenges
Facebook IPO, interesting facts inside the SEC filing

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May 15, 4:18PM
By Chenda Ngak / Add Comment

Want to buy one share of Facebook stock? Here's how

Facebook
(CBS News) Novice investors, too, can own a piece of Facebook stock.

Full coverage of Facebook at Tech Talk
Facebook ups IPO price range as offering nears

One of tech's most highly anticipated stocks may hit the NASDAQ on Friday and it's not just serious investors who are interested in owning a piece of Facebook.

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May 15, 11:19AM
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Facebook clarifies data use policy ahead of IPO

Toby Talbot
(AP) Facebook is updating its data use policy in an attempt to give users more clarity on how the information they share is used by the company. The move comes a week ahead of its expected initial public offering of stock.

Full coverage of Facebook at Tech Talk
Facebook IPO, Mark Zuckerberg kicks off roadshow
Facebook IPO, shares range from $28 to $35

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May 14, 2:12PM
By Paul Sloan / 1 Comment

Mark Zuckerberg birthday: Facebook CEO turns 28 days before IPO

Facebook CEO Mark Zuckerberg

/ James Martin/CNET
(CNET) It's a good week to be Mark Zuckerberg.

The Facebook co-founder's one-time dorm room project is set to go public, to make history in the IPO record books, and to create a whole lot of instant wealth. And today the social network's chief executive officer turns 28, an event that presumably will be marked with a flurry of birthday messages on his Facebook page.

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May 11, 1:58PM
By David Hamilton / 117 comments

Facebook co-founder renounces U.S. citizenship

Facebook co-founder Eduardo Saverin.

/ Facebook
(CNET) Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship ahead of the company's IPO, a move likely calculated to help him dodge capital-gains taxes, Bloomberg reported.

Full coverage of Facebook at Tech Talk
Facebook IPO, Mark Zuckerberg kicks off roadshow
Facebook IPO, shares range from $28 to $35

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