Footbo Raises $1 Million For Social Network Focused On The World’s Most Popular Sport

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Report: Facebook Turns Down Funding at $8 Billion Valuation

Palo Alto,
Calif. - Facebook, the online
social network with more than 200 million members, earlier this month turned
down funding that would have valued the company at $8 billion, the blog TechCrunch
reported on Tuesday, citing a source "with direct knowledge of the
proposed transaction." The company reportedly turned down the $200 million
in proposed funding because of a stipulation that would have required it to
give up a board seat, with founder Mark Zuckerberg intent on keeping control of
the board, according to TechCrunch. Read the rest of this entry »

Prince Charles lectures Google Zeitgeist Europe

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MySpace Is In Real Trouble If These Page View Declines Don’t Reverse

We’ve all been closely watching the total user number for MySpace and Facebook and trying to predict the date that MySpace’s last stronghold will fall - no. 1 in U.S. social networking users. A year ago Facebook had super growth around the world, but U.S. growth was flat and we pondered the real value of all these worldwide users. At that time it would have taken Facebook more than four years to catch up to MySpace in the U.S. In January we re-ran the numbers and the trend suggested January 2010. Today that has all dramatically changed - MySpace has 70 million monthly U.S. uniques (Comscore, March 2009), less than they did a year ago. Meanwhile, Facebook has surged to 61 million U.S. users and are adding a few million more every month.

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Report: Facebook Raising $150M to Buy Employees’ Shares

Palo Alto,
Calif. - Online social network
Facebook is close to raising $150 million that it intends to use to buy out
several hundred employees’ shares in the company, VentureBeat reported. Many
employees were awarded several thousand shares in the company, valued at under
a dollar; these shares can now fetch $10 each on the private market. Read the rest of this entry »

Opinion: Why Time’s ‘Tech Failures’ list rings false

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Facebook’s fbFund ‘09 Names First Batch Of Winners

Facebook has just named 25 of the finalists for the latest round of fbFund, the social network’s joint program with Accel and Founders Fund meant to help foster quality applications on Facebook Platform. Today’s announcement represents only half of the finalists for this round, and the company says that the other 25 winners will be annouced soon. These 50 finalists will each be given $1,000 in Facebook advertising, but much more important, they will have a shot at taking part in Facebook’s incubator program this summer.

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In Depth: How to fix dead pixels on your LCD monitor

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Get Ready For Real Time Digg, Whatever That Means

Like everyone else, Digg has a serious case of Twitter envy. And they’re doing something about it.

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In Depth: The beginner’s guide to Greasemonkey scripting

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