Tag Archives: facebook.com

Obama to Meet With Zuckerberg & Other Tech Execs During San Francisco Trip


U.S. President Barack Obama is paying a visit to Facebook CEO Mark Zuckerbuerg and a roster of other technology executives during a trip to the San Francisco Bay Area this week.

On Thursday, February 17, Obama is slated to sit down with Zuckerberg and other tech CEOs at a private dinner during his overnight trip to the West Coast. President Obama will not be making any public appearances in the San Francisco area.

According to White House Press Secretary Jay Carney, “The focus of the discussion is innovation and job creation, and these are representatives of businesses… who know a lot about private sector job growth.

 

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Egypt cuts off internet access


Egypt appears to have cut off almost all access to the internet from inside and outside the country from late on Thursday night, in a move that has concerned observers of the protests that have been building in strength through the week. “According to our analysis, 88% of the ‘Egyptian internet’ has fallen off the internet,” said Andree Toonk at BGPmon, a monitoring site that checks connectivity of countries and networks.

The cutoff appears to have happened around 10.30pm GMT on Thursday night. Only one internet service provider appears to still have a working connection to the outside world: the Noor Group, for which all 83 routes are working, and inbound traffic from its connection provider, Telecom Italia.


Twitter is Blocked In Egypt


Inspired by the recent Tunisian demonstrations against corruption, protesters are filling the streets of Cairo. And like the protests in Tunisia, the Egyptian ones were partly organized on Facebook and Twitter. And now Twitter appears to be blocked in Egypt.


Facebook Shares Hit $28.26 Per Share! That’s a $70+ Billion Valuation


The SecondMarket Facebook shares auctions are back on after a holiday break, and the valuation is up big time. The last auction prior to this one closed December 15 at $22.75/share. Today it hit $28.26 per share. With 2. 5 billion or so shares outstanding, that’s a $70.65 billionish valuation. A month and a half ago shares were trading on SecondMarket at a $50 billion valuation.

 

 


MySpace CEO confirms heavy layoffs


MySpace said that it is laying off 500 employees, cutting its staff by 47%.

MySpace’s management kept most of the site’s developers but gutted nearly every other job role, according to a staffer who survived the cuts.

Once king of the social networking world, seven-year-old MySpace has fallen behind younger and nimbler rival Facebook. Acquired by News Corp.  in 2005 for $580 million in cash, the site’s active user base now hovers around 130 million — far short of Facebook’s 500 million.

Trying to reposition itself, the Los Angeles-based network recently rolled out a new interface focusing on music and social entertainment.

 


Facebook Says It’s NOT Shutting Down on March 15 [UPDATED]


There’s a silly rumor exploding on the Internet this weekend, alleging that Facebook is shutting down on March 15. It was just a rumor or mis interpretation of his interview!

Mashable.com got official confirmation that

We have official confirmation from Facebook Director of Corporate Communications Larry Yu that the rumor is false. We asked him via e-mail if FacebookFacebook was shutting down on March 15, to which he responded, “The answer is no, so please help us put an end to this silliness.” He added, “We didn’t get the memo about shutting down and there’s lots to do, so we’ll just keep cranking away like always.”

Read More on http://mashable.com/2011/01/09/facebook-shutdown/

Note : FB is funded by $450 million from Goldman Sachs and $50 million from Russian investment firm Digital Sky Technologies, on a valuation of $50 billion and lots of other firms! So putting a full stop in a short period of time is not an easy task….More over who don’t like money??? Is there anybody which can leave such treasure island???


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