Internet, Social Networking | featured news

A Kenyan chief in a town far from the bustling capital foiled a predawn robbery recently using Twitter, highlighting the far-reaching effects of social media in areas that don't have access to the Internet.

Don't expect a initial public offering of shares of Twitter anytime soon. CNN is reporting that the company has placed restrictions on employees who hold shares, forcing them to keep 80 percent of the shares they own. The cable news outlet cited company emails about the policy, which has been in effect for a year, and said at least one high-level employee resigned because of the policy....

We're going to feel a little guilty if this news gets you fired. But you can now play "Angry Birds" on Facebook.

Myspace, the once dominant social-networking site that faded into obscurity during Facebook's rise to dominance, added 1 million new users over the past month, according to the company.

We will be looking for any signs of an increase in Zynga's average revenue per user for its new games, which is one of the biggest drivers to its stock value, by our estimates.

News of the tragic death of Whitney Houston this weekend didn't appear first on television or mainstream news sites.

Without the free content created by its 850 million users, Facebook would surely not be on the verge of a multibillion-dollar initial public offering.

For all the huge numbers in Facebook's IPO papers, a surprisingly small figure stands out: $4.39, the amount the site generated per user last year....

Facebook has filed papers for what's expected to be the largest initial public offering ever to come out of Silicon Valley and one of the largest in U.S. history. Ending months of breathless speculation, the 8-year-old social networking company has submitted registration documents with the U.S. Securities and Exchange Commission that set preliminary goal of $5 billion. Facebook had discussed raising as much as $10 billion. Final pricing will not be set for months, and the size of the IPO probably will increase with investor demand. The filing sets the stage for an IPO in May.