MARK ZUCKERBERG

Facebook's efforts to build a business model around its online social network have hit another roadblock, as a backlash by its users forced the company to reverse a new policy.

Facebook's efforts to build a business model around its online social network have hit another roadblock, as a backlash by its users forced the company to reverse a new policy.

Facebook Inc. has estimated its market value to be worth about $3.7 billion according to a lawsuit brought by former classmates of CEO Mark Zuckerberg last summer.

Facebook, the social networking platform with more than 150 million registered users, celebrates its 5th birthday on Wednesday.

Today, February 4, Facebook; the social networking platform with more than 150 million registered users celebrates its 5th birthday.

Will it, won't it? If so, when? If not, why not? An entire cottage industry of speculation has built up around the public debut of Facebook

Facebook founder, Mark Zuckerberg apologized to users on Wednesday for their controversial web-based advertising system, Beacon, which publishes information about members' off-site purchases to users’ friends.

Social network Facebook unveiled a new advertising system on Tuesday that will let companies introduce ads into the Web profiles of its 50 million users and launch dedicated pages on the site for their brands.

A deal between Facebook and either Google Inc or Microsoft Corp is expected to be announced in the next 24 to 48 hours, The New York Post reported on its Web site on Wednesday, citing unnamed sources.

Startup companies are confident that the Internet still has room for new ideas.

Microsoft Corp is talking to Facebook about an investment in the company that could value the fast-growing social network at $10 billion or more, the Wall Street Journal reported on its Web site on Monday.

New York State Attorney General Andrew Cuomo said on Monday his office has subpoenaed Facebook, accusing the social networking site of not keeping young users safe from sexual predators and not responding to user complaints.

News Corp. will not pull its television shows from Apple's iTunes as rival media group NBC Universal has done over a pricing dispute, President Peter Chernin said in an interview on Tuesday. He said News Corp was not in a dispute with Apple, though it would like a bigger voice in pricing its shows.

After years of socializing, Facebook and MySpace mean business. The sites, which started as a way to help people stay connected with friends, in the past year have begun catering to professionals, offering networking and advertising opportunities.

A judge has postponed a hearing in the case against social networking site Facebook, which accuses the founder of stealing source code and graphic designs.

The social networking site Facebook said late Thursday that it acquired Parakey, a startup formed by the co-founders of Mozilla Firefox.

Social networking company Facebook will attempt to convince the court to discard claims that its founder Mark Zuckerberg stole ideas from his college classmates to start his online site.

Google Inc. co-founder Sergey Brin said on Thursday his company would be happy to talk with Facebook about potential ties, but that the social network did not appear to be courting takeover bids.

The private Internet club that began as a college hangout is becoming the hottest tech ticket.

Fast-growing U.S. social network Web site Facebook said on Friday it has adopted new privacy controls following an unprecedented online backlash over a new feature that let users track their friends online.