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Facebook Pays Farm Bureau $8.5M for 'FB' Domain Name

'FB.com' pays off handsomely for the group

(Newser) - Lucky for the American Farm Bureau Federation that it shares two very important initials with another organization: Facebook paid the non-governmental group $8.5 million to acquire the domain name "FB.com," reports Reuters . Mark Zuckerberg's employees use the address internally, and when you're valued at $50 billion...

Virginia May Ban Teachers From 'Friending' Students

But some teachers worry it will halt new forms of teaching

(Newser) - Teachers Facebooking students: Usually not a good idea . And soon, in Virginia, it may not be allowed. The state's Board of Education is voting on a policy this week that would restrict teacher-student interaction via social networks, online games, and text messages, unless such interaction is through a platform provided...

Girls Arrested for Planning 'Attack a Teacher Day'

And planning it on Facebook, no less

(Newser) - Not a good idea: Inviting 100 of your friends to an event—planned on Facebook!—called “Attack a Teacher Day.” The student hosting the ill-advised event and five others who posted threats to teachers on the Facebook page were arrested last week and, not surprisingly, also suspended...

Nursing Student Wins Facebook Placenta Pic Case

Doyle Byrnes can return to school, says judge

(Newser) - Apparently it is OK to post pictures of yourself posing with someone else’s placenta on Facebook, at least according to one federal judge. Doyle Byrnes, the nursing student who was expelled after doing just that , won her case against Johnson County Community College and will be allowed to resume...

Stewart's New Punching Bag: Mark Zuckerberg

Facebook wants privacy?

(Newser) - Jon Stewart went after Mark Zuckerberg last night , arguing that Facebook is using its deal with Goldman Sachs to delay going public, since doing so would force the company to be more transparent (though that theory may not, in fact, be true ). What nerve. "Mark Zuckerberg doesn't want...

Expect Facebook to Be Publicly Traded Next Year

It will hit the 500-shareholder deadline this year

(Newser) - The Goldman-Facebook deal has triggered all kinds of speculation about whether Mark Zuckerberg will turn his little company into a publicly traded one, and the Wall Street Journal now makes things a little less abstract: Figure on Facebook going public by April 2012. It arrives at that date based on...

Facebook More Profitable Than We All Thought
Facebook More Profitable
Than We All Thought
HENRY BLODGET
Jan 6, 2011 10:53 AM CST

Facebook More Profitable Than We All Thought

Profit margin was an impressive 25% ... in 2009

(Newser) - Surprise, surprise: Facebook is actually “much more profitable than everyone thought,” writes Henry Blodget for Business Insider . Today’s Wall Street Journal piece ( summary here ) discloses that Facebook’s net income in 2009 was $200 million on $777 million in revenue. The revenue figure was known,...

LinkedIn Going Public —to Trump Facebook

Financial underwriters already selected, say sources

(Newser) - Facebook may not be going public just yet, but LinkedIn sure as heck is. The professional networking site will go public this year, multiple sources tell Reuters , although a company rep officially calls an IPO “just one of many tactics that we would consider.” Why are they doing...

Goldman's Top Unit Passed on Facebook Deal

Said unit includes many Goldman partners

(Newser) - Goldman Sachs wasn’t quite as eager to pump $450 million into Facebook as you might think. The deal was originally offered to, and shot down by, Goldman Sachs Capital Partners, the prestigious group that many current and former Goldman partners invest with, sources tell the New York Times . The...

Woman's Facebook Suicide Threat Fell on Deaf Ears

Simone Back kills self, and none of her 1,000 friends took action

(Newser) - A British woman updated her Facebook status on Christmas Day to read, "Took all my pills be dead soon bye bye everyone." It set off a debate among some of her 1,000-plus Facebook friends about whether she was serious, but nobody took the step of actually finding...

Why Buying Facebook Stock Is for Suckers
Why Buying Facebook
Stock Is for Suckers
OPINION
Jan 5, 2011 1:38 PM CST

Why Buying Facebook Stock Is for Suckers

Do you really know what you're buying?

(Newser) - The investment world seems to be going gaga over the opportunity to buy shares of Facebook—or at least, the prospect that uber-wealthy Goldman Sachs clients can now buy shares of Facebook. But Duff McDonald of Fortune wouldn’t do it—and not just because he hasn’t got the...

Facebook Deal Sparks Broad SEC Probe

Agency examines rules for private financing after Goldman investment

(Newser) - Goldman Sachs’ deal with Facebook might bring the SEC down on all manner of privately held stock purchases. The regulatory body has begun an investigation to see whether it needs to rewrite disclosure rules for privately held firms, and the very line dividing public and private firms, sources tell the...

Goldman Loot Staves Off Facebook IPO

By delaying, Facebook keeps secrets, avoids regulation

(Newser) - The $500 million Goldman Sachs and other investors just dropped on Facebook will stave off its long-awaited IPO for a good while longer, the New York Times observes. Until recently, tech companies would jump to go public as soon as possible, but Facebook has so far decided it’s not...

Goldman Investment Gives Facebook $50B Valuation

SEC is investigating whether Facebook is skirting 500 shareholder rule

(Newser) - Facebook has snagged a $500 million investment—$450 million from Goldman Sachs and $50 million from a Russian firm—in a deal that values the social network at $50 billion. That makes the company worth more than eBay, Yahoo, and Time Warner, notes the New York Times , which suggests that...

Nursing Student Takes Photo With Placenta, Gets Expelled

Doyle Byrnes posted picture on Facebook then got the boot

(Newser) - Facebook claims yet another victim: A Kansas nursing student is fighting back after taking a photo of herself with a human placenta and posting it on Facebook—then getting expelled. Doyle Byrnes has filed a complaint in US District Court in Kansas seeking to force Johnson County Community College to...

Sorry, Google: Facebook Most-Visited Site in US

Social network eats up 8.9% of US visits

(Newser) - Facebook knocked Google from its cushy No. 1 slot this year, becoming the most-visited website in the US, Reuters reports. Between January and November, Facebook saw 8.9% of all US visits; Google.com saw 7.2%. If you count all of Google’s properties, like YouTube and Gmail, however,...

2010: The Year We Stopped Talking to Each Other

Being in the room with someone doesn't mean they have your attention

(Newser) - In the seemingly unending onslaught of "best" and "worst" of 2010 stories, a declaration that's a mix. Writing for USA Today , Sharon Jayson dubs 2010 "the Year We Stopped Talking to One Another." The upside: We're Facebook BFFs with Kimmy from high school. The downside: We...

Paul Allen Re-Sues Apple, Google, Facebook

Microsoft co-founder refiles suit after judge's dismissal

(Newser) - Microsoft co-founder Paul Allen has re-filed his mammoth patent lawsuit targeting a host of major web companies including Apple, Google, Facebook, Netflix, eBay, Aol, and Yahoo. Allen’s original lawsuit, filed in August, was dismissed because it was too vague, failing to name specific products or services. The refiling, which...

Kids Curse, Oldsters Ramble: Facebook Study

Analysts probe data for behavioral trends

(Newser) - You can learn a lot when you’re listening to 550 million people. Using linguistic software, Facebook analysts investigated what people were saying in status updates, and came up with a number of interesting trends, Business Insider reports:
  • The oldsters chatter quite a bit: Status update length was the best
...

SEC Snooping Around Facebook, Twitter Trades

Booming private exchanges move social networks' shares

(Newser) - The SEC wants information about the surging private stock exchanges that have grown up around top social networks, the New York Times reports. Shares of Facebook, Twitter, Zynga, and LinkedIn are all sought-after commodities—though none of the companies are publicly held. As the exchanges gain popularity, Wall Street investment...

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