The Samwer Brothers have sold their Facebook stake, which has grown to about three-and-a-half times the value the shares held at the time the German entrepreneurial trio bought in, when company had a valuation of $15 billion in 2008.
Facebook will grow its Dublin, Ireland office, headquarters for European, Middle Eastern and African sales, from 200 to 300 employees.
Authorities in Europe are not happy with the level of teen privacy and security measures put in place by Facebook. Speaking at the Safer Internet Day Initiative, Viviane Reding – European commissioner for the information society, said that the Social Networking site should tighten up its privacy settings to protect the children.
Read more
comScore announced today that Facebook is now Europe’s top social network. Facebook grew 314% in Europe during the last year, attracting 100 million European visitors in February 2009. Facebook went from non-existent to #1 in most of the European countries tracked by comScore, who measures the digital world.
“The growth rates we are seeing are unbelievable” said Andrew Lipsman, comScore’s Director of Industry Analysis in conversation with AllFacebook yesterday.
Read more
