ISLAMABAD, Pakistan The Pakistani government blocked access to the social networking service Twitter on Sunday, after publicly holding Twitter responsible for promoting a blasphemous cartoon contest taking place on Facebook, officials said. A governmen... Read more »
Facebook Gold Rush: Fanfare vs. Realities
IT'S an old line on Wall Street: If you can get your hands on a hot new stock, you probably don't want it. This bit of Street wisdom came to mind last week, as Facebook went public amid so much fanfare. The stock eked out a 23-cent gain on its...Read M... Read more »
9-Year Old Counter-Protests Westboro Baptist Church With ‘God Hates No One’ Sign
This kid is a genius. Mark Memmott reports on NPR:
Patty Akrouche says she's "never been prouder" of her 9-year-old son, Josef Miles, than she was this past weekend. As Akrouche wrote on her Facebook page, she and Josef were on the campus of Washburn University in Topeka when they encountered some of the protesters from the tiny Westboro Baptist Church, which has gained notice in recent years for protesting against homosexuality, abortion and other issues outside the funerals of military veterans and celebrities. Westboro's followers are infamous for their signs that — using an F-word we won't repeat — say 'God Hates [Homosexuals].' "Josef was determined to make his own statement so we went to the car and with pencil and his sketch pad, he made up his own little sign that reads 'GOD HATES NO ONE,' " his mom wrote...Read more »
Facebook raises share price range after strong demand
Facebook has raised the price at which it hopes to sell its shares from $28-$35 to $34-$38, potentially putting its total value above $100bn (62.2bn). The company said strong demand had pushed up the price. A valuation at this level would make it worth... Read more »
Facebook Buys Lightbox Android Photo App
Facebook moved quickly - again - to address concerns that it wasn't doing enough to satisfy mobile users, buying the developers of the Lightbox Android photo app. Lightbox announced the deal in a blog post. However, the company also made it clear that ... Read more »
GM to Stop Advertising on Facebook
General Motors Co. plans to stop advertising on Facebook after the auto maker's executives determined their paid ads had little impact on consumers' car purchases, people familiar with the matter said. The largest U.S. auto maker by sales will continue... Read more »
Why Are So Many People Renouncing United States Citizenship?
There’s been a massive amount of fretting over the ethics of Facebook co-founder Eduardo Saverin’s renunciation of his U.S. citizenship (which the Brazilian native gained roughly 15 years ago).
Various scandalized headlines have mentioned that he’s just one of 1,800 other Americans to give up citizenship last year, up from 235 in 2008, while others have speculated that it’s a cynical move to avoid taxes resulting from a massive capital gain when Facebook shares become publicly traded. Saverin has been savaged in the media and on the social web, but in fact it turns out that this cannot be a tax-saving move. Any ideas as to why Saverin and the other ex-Americans gave up the benefits of Uncle Sam’s protections?
Tom Worstall explains why Saverin will actually owe more taxes in Forbes:
Read more »Eduardo Saverin, one of the founders and major shareholders in Facebook, has renounced his US citizenship just before the company’s IPO.…
Study: iOS Surpasses Android in Enterprise Usage
Consumerization trends in the enterprise shifted dramatically in the first quarter of 2012, with mobile devices running Apple's iOS operating system showing more activity in the workplace than those running Google's Android, as well as end users migrat... Read more »
Facebook IPO Will be Tough for Investors to Get in on
Investors who "like" Facebook may now be able to put their money where their clicks are. Most of the large online brokerage firms, including E-Trade, Fidelity and Charles Schwab, are allowing customers to request shares of the Facebook initial public o... Read more »
