Facebook, Social Media | featured news

Who sees what on Facebook‘s News Feed and why? There has been recent controversy over Facebook’s News Feed and Promoted Posts, with some such as Mark Cuban and George Takei complaining about having to pay (or pay too much) to reach their fans of their Facebook Pages.

A California woman has been fired from her job as an ice cream store manager after she referred to President Barack Obama with a racial slur on Facebook and wrote “maybe he will get assassinated."

A Chicago man accused of binding his 22-month-old daughter with tape and posting a picture on Facebook with a caption that read, "This is wut happens wen my baby hits me back," was convicted Thursday of battery charges. Andre Curry, 22, was found guilty by a judge following a bench trial of aggravated domestic battery and aggravated battery. He faces a sentence ranging from probation to 7 years in prison.

Facebook executives including Sheryl Sandberg have sold a portion of their stock in the social site as restrictions on insider sales at the company have lapsed.

A father accused of binding his toddler daughter with painter’s tape and then posting a picture on Facebook was acquitted Tuesday of unlawful restraint but still faces a pair of domestic battery charges, the Chicago Sun-Times reported.

Citigroup fired Internet stock analyst Mark Mahaney amid accusations he leaked confidential information about Facebook's IPO.

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.

Massachusetts fined Citigroup $2 million to settle charges that two bank analysts improperly released confidential information about Facebook's financials before the technology company went public.

Facebook lost $59 million in the third quarter, but the newly publicly traded social networking site saw its shares soar on Wall Street early Wednesday. Facebook shares gained $4.35, or 22%, to $23.85 in early trading, after the company reported gains from mobile advertising.

Facebook reported better than expected third quarter earnings Tuesday, giving investors hope that the company might find positive momentum. In after hours trading, Facebook stock is up 67 cents, or 3.4%, to $20.16.