Facebook Inc. chief executive Mark Zuckerberg doesn’t expect to play a hands-on role selling the social network’s initial public offering to analysts, one Facebook executive told Wall Street analysts Monday.
Facebook Inc. is finalizing a proposed settlement with the Federal Trade Commission over charges that it engaged in deceptive behavior when changing its privacy settings, according to people familiar with the situation.
A growing number of Bay Area Internet start-ups are deploying a new business model that is based on an old idea: sharing. The model is known as “collaborative consumption,” under which a company gathers people who want to share or rent out their property or provide services to others online, with the company taking a cut of any transaction fee.
Facebook Inc. has become Exhibit A for the skyrocketing valuations of closely held Web companies.
The Palo Alto, Calif.-based social network was valued at $15 billion in October 2007 when Microsoft Corp. invested in the company. By this January, Facebook commanded a $50 billion price tag when Goldman Sachs Group Inc. led a $1.5 billion funding round in the company.