Technology, Social Media | featured news

With new food, revamped decor and an embrace of Twitter and mommy blogs, McDonald’s has returned from the brink of a public-relations nightmare.

Facebook Inc. is planning to set the price range for its impending initial public offering in the high-$20s to mid-$30sa share, valuing itself at roughly $85 billion to $95 billion...

Facebook will go public on May 18, a published report says, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004.

Despite rumors of delays, Facebook could begin its roadshow as soon as early next week, according to two people briefed on the company's plans.

Yahoo returned legal fire against Facebook in the companies' ongoing patent dispute, calling Facebook's recent countersuit slapdash and asserting two new patents against its younger peer.

Facebook’s market debut has been expected to be in mid- to late May, but a report from CNBC indicates that the process could take a little longer than analysts expected. The report, citing unnamed “people familiar with the matter,” pinpoints June as the new expected time range for the IPO and says Facebook founder and chief executive Mark Zuckerberg has been so busy with business and acquisitions that the company hasn’t had time to put the final touches on its prep for going public.

Meet the king of the sporting Twittersphere: Brazilian soccer star Kaka. The Real Madrid midfielder on Wednesday became the first athlete to amass 10 million followers on the social networking site. "Thank youuuuu. To celebrate I'll make a twitcam" wrote the 30-year-old Kaka, who at the last count had 10,012,862 Twitter fans. He's nowhere close to Lady Gaga and Justin Bieber - who each have more than 20 million followers - but it's not a bad haul for a player whose career appears to be on the wane after becoming a superstar in a golden six-year stint at AC Milan in Italy.

Friendster officially announces its transformation into a social discovery and gaming platform in Asia. The new Friendster, which was in beta stage since the middle of last year, features Asia-centric contents with gaming dominantly define its user experience. The site now delivers distinct approach to discover new games of multiple genres via a brand new ...

Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO.

Facebook is paying $550 million to Microsoft for some of the patents the software giant recently bought from AOL, as the social network beefs up its patent defenses ahead of its IPO.