Tag: Facebook

NEW YORK - Facebook says it has raised $1 billion from non-U.S. investors through Goldman Sachs. As expected, Facebook says it will start filing public financial reports by April 2012.
The company expects to have more than 500 shareholders in April of this year. When it does, regulations require it to start reporting is finances to the public within a year.
Combined with a $500 million investment from Goldman (GS), funds Goldman manages and Russia's Digital Sky Technologies

SAN FRANCISCO - Cameron and Tyler Winklevoss found a skeptical audience on Tuesday as they tried to persuade a U.S. appeals court to release them from a $65 million settlement over the founding of online social network Facebook.
The saga of the Winklevoss twins and Facebook Chief Executive Mark Zuckerberg became silver screen lore with the release of the film "The Social Network" last year. It has long been a legal battle as well.
Should the case be revived, it could be a

KARACHI - Though the social networking website Facebook has removed Mumtaz Qadri's pages, a number of communities are emerging with the name and more than 1,000 people have liked these community pages.
Qadri's fan page reportedly attracted more than 2,000 fans in less than 24 hours that was later deleted by the Facebook administration but Qadri's fans were creating communities and different pages on the site.
The communities like 'Malik Mumtaz Hussain Qadri Should be

NEW YORK - Social-networking giant Facebook could flex its growing might after reportedly raising $500 million from Goldman Sachs and a Russian firm in a deal valuing the website at $50 billion.
Goldman has invested $450 million, and Digital Sky Technologies (DST), a Russian investment firm that has already sunk about half a billion dollars into Facebook, invested $50 million, The New York Times, citing sources familiar with the deal. Facebook and Goldman declined to comment on

LAHORE - If Veena Malik thought the Pakistani public was going to warm to her appearance on Big Boss then it appears she is in for a shock. Members of the public are already planning to mark her arrival by "throwing eggs at her," which, apart from its increasing use to mark birthdays, appears to be a tradition for anyone who has purportedly 'defamed' Pakistan or Pakistani culture, neither of which are themselves ever coherently defined.
A confused value consensus:
The

LAHORE: The Lahore High Court on Monday directed federal government to raise at international forums the issue of hosting blasphemous material against prophet Muhammad (PBUH) and Holy Quran on Facebook and other websites. Justice Ijaz Ahmed Chaudhry passed the instructions directing ministry of foreign affairs and ministry of information technology to submit a detailed report till next date of hearing about the steps taken to stop display of derogatory contents against Islam on

Israeli traffic cops are apparently now patrolling the web, with a man facing charges after being caught speeding ... on Facebook.
The 23-year-old man was charged with speeding and reckless endangerment after police came across a video posted on Facebook of him driving at 260 kph (160 mph) along Israel's coastal highway, Ynet news website said on Tuesday.
The driver was charged in a traffic court in the northern city of Acre, even though police could not say when the

Facebook and other social networking tools are being used by sex assailants in the Philippines to lure their victims, contributing to a rise in such crimes, national police said on Friday.
Police are investigating cases in which suspects used Facebook or text messages sent from mobile phones to lure people, especially minors, into sex, said national police spokesman Senior Superintendent Agrimero Cruz.
"They have networking, they have 'clans', they invite youths to join.