One Facebook shareholder is not happy with the company’s compensation policy when it comes to its board of directors, and the result, according to Bloomberg, was a lawsuit filed in Delaware Chancery Court.
Facebook is banned in China, but according to a report by Bloomberg, this isn’t stopping the social network from exploring the opening of a new sales office in that country to target local advertisers.
Facebook announced version 1.1 of its Paper iPhone application, with new features including notifications for birthdays and events; photo comments; group updates; and new article covers for select publishers.
When Facebook Chief Operating Officer Sheryl Sandberg left Google to join the social network in 2008, all Google employees were fair game in terms of recruitment, Sandberg said in a court filing for a lawsuit in which neither she nor Facebook are named, as reported by Bloomberg.
Facebook Co-Founder and CEO Mark Zuckerberg and five other technology executives met with President Barack Obama at the White House last Friday to discuss the National Security Agency and government surveillance, but the meeting apparently did not adequately address Zuckerberg’s concerns, based on a statement released by the social network.
The news continues to get worse for self-proclaimed Facebook co-owner Paul Ceglia, as U.S. District Judge Andrew L. Carter Jr. rejected Ceglia’s bid to dismiss mail fraud and wire fraud charges against him for submitting fake evidence and emails and destroying real evidence in his lawsuit against Facebook and Co-Founder and CEO Mark Zuckerberg.
Facebook Co-Founder and CEO Mark Zuckerberg dined with about 20 executives from wireless carriers Monday night in Barcelona, Spain, site of the 2014 GSMA Mobile World Congress, Bloomberg reported, and the conversation at the private dinner may have been guarded, given the wireless industry’s concerns over the threat that the social network’s most recent acquisition, cross-platform mobile messaging company WhatsApp, presents to their text-messaging services.
With OCP Summit V taking place at the San Jose Convention Center in San Jose, Calif., Tuesday and Wednesday, Open Compute Project Chairman and President Frank Frankovsky, vice president of hardware design and supply chain operations at Facebook, discussed the group’s achievements over the past year in a post on the Open Compute Project blog.
The billionaires club welcomed a new member at the close of trading Tuesday, as Facebook Chief Operating Officer Sheryl Sandberg saw her net worth top the $1 billion mark when the social network’s stock closed at $58.51 per share, Bloomberg reported.
Facebook and game developer Zynga may see privacy-related complaints that were filed against them in 2010 and dismissed in 2011 resurface if the U.S. Court of Appeals in San Francisco rules in favor of the plaintiffs in the cases, Bloomberg reported.