Facebook, Mark Zuckerberg | featured news

Mark Zuckerberg, the co-founder and chief executive of Facebook, is holding a live news conference to show Facebook’s new phone software, designed for Google’s Android’s operating system.

A New York entrepreneur suing Facebook CEO Mark Zuckerberg for a 50 percent ownership stake in the social media giant was arrested Friday on charges that he falsified records and destroyed evidence in a multibillion scheme to defraud both Facebook and Zuckerberg, according to the U.S. Attorney's Office. Paul Ceglia, 39, was taken into custody by U.S. Postal inspectors at his home in Wellsville, N.Y., Friday and was to appear before a federal judge in Buffalo later in the day.

Facebook Inc CEO Mark Zuckerberg might need to talk more often. A 30-minute appearance at a technology industry conference earlier this week has translated into $6.785 billion in additional market valuation for his company.

Facebook Inc CEO Mark Zuckerberg soothed investors in his first major public appearance since the No. 1 social network's rocky May IPO, breathing life into its struggling shares after hinting at new growth areas from mobile to search.

With the value of its shares down over 50 percent since its highly anticipated IPO, is the company making a hash of the public relations disaster it is now facing; and, just as important, why has Zuckerberg remained quiet about the state of the company?

Facebook's stock price slide has raised doubts about Mark Zuckerberg's role as CEO. Some say he should hand the reins to a more seasoned executive. The deepening slide in  Facebook Inc.'s stock is fueling talk once considered implausible on Wall Street and in Silicon Valley.

Wal-Mart's Facebook page has more than 17 million fans and the company also pays to advertise on Facebook. Expanding its reach online is key for Wal-Mart as shoppers increasingly shop on their computers, tablets and smartphones.

Facebook went public just about a month ago, and on Friday the Securities & Exchange Commission released its correspondence with the social network in the months between its initial filing and the May 18 IPO.

Mark Zuckerberg was not kidding about Facebook’s hacker culture. The night before the chartbusting initial public stock offering, engineers won’t be counting their Facebook dollars. They’ll be doing what they have always done: Hack. Facebook will pull an all-night hackathon that will end when Zuckerberg rings the Nasdaq’s opening bell from Facebook’s Menlo Park campus.

Facebook Inc CEO Mark Zuckerberg on Friday laid out his 2012 goals to investors on the Silicon Valley leg of his IPO roadshow, saying his first priority was improving the social network's mobile application.