Technology, Social Media | featured news

Facebook will list its shares with Nasdaq, according to media reports. That would be a big win for the Nasdaq, which competes fiercely with NYSE Euronext Inc., especially for an initial public offering as large as Facebook's, pegged at $5 billion. The New York Times and CNBC cited anonymous sources on the potential listing.

Facebook’s attorneys squared off Wednesday with the legal team of Paul Ceglia, a New York man who says that a 2003 contract proves he should own at least half of Facebook. Ceglia, for whom Facebook co-founder Mark Zuckerberg did some work while at Harvard University, says he has a contract granting him at least half the ownership of Facebook. Facebook has denied the claim, saying that the contract and several other documents Ceglia provided are faked. The company subsequently filed to dismiss the suit last month.

Kimberly Hester, a grade school teacher's aide in Michigan, was fired for refusing to hand over her Facebook password to her supervisors. Hester posted a picture of a co-workers' shoes and pants bunched around her ankles on Facebook in April 2011 with the caption, "Thinking of you." She posted the picture in jest, but a parent who's on her Facebook friend list saw the image and reported it to Frank Squires Elementary where Hester was employed, prompting the investigation.

A couple in Sanford, Fla., is afraid for their lives after a Twitter post said their address was that of George Zimmerman and urged people to "reach out and touch" the neighborhood watch captain who shot dead Trayvon Martin.

If you’re reading this, chances are you got here from some social media site. The growing industry has changed the way that people communicate on a daily basis. It’s changed how we consume our news, share with friends, and go about our lives in general. The biggest social media sites in the world are larger than many countries and have an infrastructure similar in many ways to an odd form of government.

Anyone worried about an erosion of America's global status might consider this modest fact: Facebook is the dominant social network in Mongolia. Along with its pervasive social media, the United States leads in myriad other ways - from the allure of its movies and music to the reach of its military. It's tough to match a nation that deploys troops to Australia and central Africa, propels Beyonce to global stardom, and produced the Twitter-style technologies that abetted the Arab Spring.

Facebook has weighed in on a practice by some businesses asking employees or job applicants for their passwords to the popular social-media site.

A Democratic senator from Connecticut is writing a bill that would stop the practice of employers asking job applicants for their Facebook or other social media passwords, he told The Associated Press on Thursday. U.S. Sen. Richard Blumenthal said that such a practice is an "unreasonable invasion of privacy for people seeking work."

Today marks the sixth year since founder Jack Dorsey and Twitter’s first members started using the communications platform. And for its birthday, the company has posted a number of stats about its growth in usage.

In their efforts to vet applicants, some companies and government agencies are going beyond merely glancing at a person's social networking profiles and instead asking to log in as the user to have a look around.