zuckerberg

Instagram, Twitter lob grenades in war over value of photos

You've heard it said countless times: A picture's worth a thousand words.

If you think that's not at least as true online as it is offline, you haven't been paying attention to the explosive machinations in the war for digital real estate going on in Silicon Valley over the last year or so.

Today, the tech world is all worked up over the latest in the slow-moving war of attrition between Instagram and Twitter. By cutting off Twitter Card integration, Instagram is hoping to wean its users off Twitter.

This is a seismic event, especially with … Read more

Ceglia ordered to pay Facebook $90,000 in legal fees

In an effort to make billions of dollars by suing Facebook, Paul Ceglia is actually putting a large dent in his own wallet.

Federal Magistrate Leslie Foschio ordered Ceglia to pay the social network almost $90,000 in attorney fees today, according to the Los Angeles Times.

The order comes because of Ceglia's last-minute cancellation of legal depositions that Facebook had already paid its lawyers to do. Foschio also ordered Ceglia to reimburse an additional $7,000 in travel and lodging expenses for the social network's experts that were to be deposed.

Ceglia is suing Facebook with the … Read more

Zuckerberg mobilizes Facebook for 5 billion users and the Internet of things

If Facebook had a tagline for this stage in its evolution, it would be "Made for people by Mark." It flows out of the mission statement -- "to give people the power to share and make the world more open and connected" -- and the co-founder Mark Zuckerberg's iron grip on where Facebook is heading. It also drives Facebook's effort to design stuff, including ads, that its billion-plus customers will really "like," and share with their friends. And, it helps keep the legion of Facebook engineers from getting preoccupied with innovations that … Read more

Facebook stock: Let the insider selling begin

One big question looming over Facebook's stock: How many insiders are going to start dumping their shares?

After more than five months of watching their holdings sink, most employees and early Facebook investors can start cashing in their pre-IPO stock as the so-called lockups expire. Not all at once, however, but the key dates are coming fast and one, in fact, just passed (though the markets were closed because of Sandy). By the end of the year, Facebook's float -- that's the stock that's available to trade in the open market -- will increase by more … Read more

Feds charge Paul Ceglia with defrauding Facebook

The man who claimed ownership of half of Facebook is now in federal custody. Paul Ceglia was charged today in New York with single counts of mail and wire fraud. The maximum prison sentence for each count is 20 years.

Ceglia become known for his suit against Facebook CEO Mark Zuckerberg claiming that he was entitled to a 50 percent stake in the company. The charges against him filed by the U.S. Attorney's Office in Manhattan state that he falsified records and destroyed evidence in a multibillion-dollar scheme to defraud both Facebook and Zuckerberg.

Read the U.S. vs. Paul Ceglia Complaint … Read more

Mark Zuckerberg's $2 billion day

Facebook's beaten down stock soared today, posting its biggest one-day gain since going public and boosting its CEO Mark Zuckerberg net wealth by a cool $2 billion. Shares closed up $19.13 percent to close at $23.23 after Facebook yesterday posted solid quarterly earnings and showed that it's on its way to making big money from mobile.

The rare rally came as Zuckerberg spent much of yesterday's conference call convincing Wall Street analysts that mobile is not a problem but a monstrous opportunity that he is tackling with full force.

It's only a one-day bump, … Read more

Zuckerberg: In 10 years, folks will share 1,000 times what they do now

PALO ALTO, Calif. -- Facebook CEO and co-founder Mark Zuckerberg addressed an adoring crowd at Y Combinator's startup school today, speaking confidently about Facebook and describing a world in which people will share a whole lot more than they do now -- via Facebook and other social companies.

"It's sort of a social-networking version of Moore's Law," said Zuckerberg, who was interviewed by Y Combinator co-founder Paul Graham. "We expect this rate [of sharing] will double every year. ...So in 10 years from now, people will be sharing about 1,000 times as many … Read more

Facebook hackathon yields apps for your likes and connections

Facebook developers from Taipei, Taiwan; Buenos Aires, Argentina; and Moscow have won Facebook's worldwide hackathon, with apps that let users bookmark "Likes," tell stories, and analyze connections.

The social network announced its winners today after holding the competition in 12 cities, including Moscow, where Facebook CEO Mark Zuckerberg made an appearance. Facebook works hard to keep up its hacker culture even as it continues to grow and to face pressure to make money.

As part of that culture, the social network holds hackathons -- all-night programming competitions -- to surface the outside talents and encourage the development … Read more

Tech dominates Fortune's 40 Under 40 list

Silicon Valley makes a good showing on Fortune's 40 Under 40 list, with the top five slots filled by tech execs like Larry Page.

Page, the CEO of Google, leapfrogged Facebook's Mark Zuckerberg for the No. 1 spot on Fortune's ranking of young business stars.

The publication notes that since Page returned to the CEO role last year, he has "been bent on proving Google still has its mojo." He closed Google's acquisition of Motorola, streamlined management and closed failing projects. All of that has pushed Google's stock to an all-time high.

Facebook … Read more