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US lawmakers concerned over Facebook use by children under 13

US lawmakers concerned over Facebook use by children under 13

Two US lawmakers have expressed their concerns over the use of social network Facebook by children under 13.

On Monday, Reps. Joe L. Barton (R-Texas) and Edward J. Markey (D-Mass.) wrote a letter to Facebook Chief Executive Mark Zuckerberg, asking the young billionaire to address the problem as more and more children under the age of 13 are using the site and sharing their personal information with others.

Facebook is interested in Opera: report

Facebook is interested in Opera: report

Menlo Park-based social-networking service Facebook's next acquisition target could be Web browser maker Opera Software, according to a fresh report by website Pocket-lint.

Pocket-lint reported that "one of its trusted sources" informed it that Facebook is interested in Oslo, Norway-based Opera Software.

Opera Web browser, which claims to have more than 200 million users, is available on desktop PCs, some tablets, various smartphones phones and even the Nintendo Wii.

US tax authority poised for huge windfall from Facebook CEO Mark Zuckerberg

US tax authority poised for huge windfall from Facebook CEO Mark Zuckerberg

Social networking giant Facebook is all set to go public by offering around 337.4 million shares for $28 to $35 apiece.

The initial public offering (IPO) could value the world's largest social-networking site up to $100 billion, making founder and chief executive Mark Zuckerberg's stake in the company worth nearly $25 billion.

Zuckerberg's great wealth will also bestow the US tax authority with a huge windfall. The planned IPO later this month can make the Facebook chief to pay up to $903 million in taxes.

Facebook buys AOL patents from Microsoft

Facebook buys AOL patents from Microsoft

Facebook has confirmed that it has agreed to purchase a portion of AOL patents from Microsoft, a move that is expected to strengthen the social-networking firm's position against Yahoo in the intellectual property battle.

The world's biggest social network will purchase 650 of the AOL patents and patent applications in a $550 million deal. Microsoft will retain 275 AOL patents. The software giant had acquired the patents from AOL auction.

The software giant will also keep hold of licenses for three hundred additional patents that have been retained by AOL.

Yahoo lawsuit complicates looming Facebook IPO

Yahoo lawsuit complicates looming Facebook IPO

With the patent-infringement lawsuit filed by Yahoo against Facebook evidently hinting at the aggressive strategy being followed by the new Yahoo CEO Scott Thompson - who took over the reins of the company in January -, the legal proceedings have clearly put Facebook in a somewhat awkward position, complicating the looming launch of the social network's initial public offering (IPO) expected in May.

Game Changer for Zynga: No Facebook

Game Changer for Zynga: No Facebook

In a strategic move apparently aimed at enticing Facebook users and pinching the social network's third-party developers, San Francisco-based game developer Zynga's new "Project Z" - which was made official on March 1 - will allow gamers to play its popular games on the company's own Zynga. com site; thereby doing away with the dependence on Facebook and other social networks.

Facebook sees developing countries as major growth markets

Facebook sees developing countries as major growth marketsFacebook, the world’s most popular social networking site that recently filed papers to become a public-listed company, is now seeing developing countries like Brazil and India as major growth markets.

In developed countries like America and Britain, the social networking firm’s user-base has already reached saturation point. But developing countries are still promising huge consumer bases to tap.

Facebook IPO: Mark Zuckerberg's bizarre ode to hackers

Facebook IPO: Mark Zuckerberg's bizarre ode to hackers

With social networking giant Facebook having filed for initial public offering to the US Securities and Exchange Commission on Wednesday, the company's CEO Mark Zuckerberg released somewhat of a quasi-philosophical letter in coincidence with the high-profile event.

Touching upon a number of issues, ranging from the nature of personal relationships to the role that technology can play in political cataclysm, Zuckerberg's letter strangely contained a rather bizarre ode to "the hacker way."

Small investors likely to have a chance of getting shares of Facebook IPO

Small investors likely to have a chance of getting shares of Facebook IPO

With reports saying that social networking giant Facebook may likely file its initial public offering (IPO) with the Securities and Exchange Commission as early as Wednesday, one pertinent question which is probably crossing the minds of some of the over 800 million Facebook users is whether they would be able a part of what will apparently be a truly historic deal.

Sophos: Most Facebook users concerned about new Timeline feature

Sophos: Most Facebook users concerned about new Timeline feature

According to the findings of a recent survey by computer security firm Sophos, a lot of Facebook users are concerned about the changes which the popular social network is currently in the process of bringing about via its new Timeline feature.

Sophos, which surveyed more than 4,000 Facebook users, found that nearly 51 percent of the users were apprehensive about the Timeline feature which Facebook is rolling out; while 32 percent of them admitted that they did not know whether the changes were a cause for worry.