MARK ZUCKERBERG

Facebook will delay its initial public offering until the end of next year so employees can focus on developing products for the No. 1 social networking website, the Financial Times reported on Wednesday.

Facebook will delay its initial public offering until the end of next year so employees can focus on developing products for the No. 1 social networking website, the Financial Times reported on Wednesday.

Facebook won't friend Wall Street late next year by launching its anticipated blockbuster IPO, according to a report. Expected to be one of the largest IPO's in U.S. history, if not the largest, considering recent share share sales of Facebook's private stock have valued the company at more than $60 billion. The world's largest social network, which made friend a household word in terms of Web connectivity, has a reported 750 million global users or more.

Could Facebook buy Yahoo, effectively killing two birds with one stone? That's a scenario suggested by Reuters financial blog Breakingviews, and it is not out of the question.

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.

Facebook for iPad app is still nowhere in sight. But on a brighter note, Facebook has updated its iPhone app with several new features and welcomed improvements. Facebook for iPhone v3.5 is now available for download and the new version includes a redesigned look for Profiles and Group walls - similar to its Web changes.

What do Lady Gaga, Jay-Z, Justin Timberlake and Ashton Kutcher have in common with Mark Zuckerberg, Larry Page and Sergey Brin? Well, they are the innovative visionaries, according to Vanity Fair's New Establishment list.

Social networking giant Facebook is now re-developing the Web site to make it more music-friendly.

Facebook is putting finishing touches to new features on users' home pages that deeply integrate music services from partners including Spotify, MOG, Rhapsody, Slacker and Rdio, according to people familiar with the plans.

Facebook is making it easier for users to control who sees their information, and to have more say over the photographs they appear in, as the world's No. 1 social networking service seeks to assuage privacy concerns.

Facebook finally has a serious competitor. At least, that's what social-media investor Sergio Monsalve thinks.

Facebook Inc has won access to computers, files and emails it hopes will prove an upstate New York man's claim to own half of founder Mark Zuckerberg's stake in the world's largest social networking company is a fraud.

A contract at the heart of a lawsuit seeking half ownership of Facebook does not mention the social networking giant and has nothing to do with it, Facebook said in a court filing.

Lawyers for Facebook claim that a New York man falsified a contract that he claims makes him a partial owner of the Web site.

Paul Ceglia, the wood pellet salesman from New York claiming he was a founder of Facebook along with Mark Zuckerberg, filed a lawsuit against Zuckerberg in 2010, alleging that they have signed a contract in 2003 that entitled Ceglia to half the company. A court filing on Monday suggests that an authentic contract found embedded in electronic data on Mr. Ceglia's computer did not mention Facebook at all. All it had was a company called Street Fax that Mr. Ceglia reportedly owned.

Facebook says it has found the ?authentic contract? that seeks half ownership of Facebook, signed by Mark Zuckerberg and Paul Ceglia the New York man who sued Facebook in July 2010.

Members of the infamous hacking group Anonymous have put across a message in YouTube, through a video called ?Operation Facebook,? hinting to ?kill? Facebook on Nov. 5.

Facebook has come up with a new instant messaging service for mobile phones. It was announced on Tuesday on the company's blog. This application for iPhones and Android devices allows the users to contact their individual Facebook friends or group of people. As of now it is only available in the United States but soon it will be rolled out in other countries.