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Nasdaq to settle Facebook IPO lawsuit for $26.5 million

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NEW YORK - In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a class-action lawsuit involving its bungling of Facebook Inc's $16 billion initial public offering, the plaintiffs' lawyers said.

Facebook revenue growth slows, costs weigh on profit

- Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits. | Video

Tech, 23 Apr 2015

Facebook revenue growth slows, costs weigh on profit

- Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits. | Video

Tech, 22 Apr 2015

Facebook brings down top end of expenses growth forecast

SAN FRANCISCO - Facebook Inc said on Wednesday that foreign exchange rates would likely cut revenue in the current quarter by more than 10 percent due to the strong U.S. dollar.

Tech, 22 Apr 2015

Nokia's maps unit draws further bidders-Manager Magazin

FRANKFURT - Nokia's maps business has drawn interest from potential buyers including Facebook and a consortium of German carmakers made up of BMW, Audi and Daimler, a German magazine reported on Wednesday.

Tech, Deals, 22 Apr 2015

Facebook starts testing mobile calling app 'Hello'

- Facebook Inc said it started testing its mobile calling app 'Hello' on Android, which allows users to connect with Facebook to see the identity and information about callers even if the number is not saved on the phone.

Tech, 22 Apr 2015

Fugitive fails to revive Facebook lawsuit, block criminal case

NEW YORK - A federal appeals court on Monday forcefully rejected the fugitive Paul Ceglia's effort to revive what U.S. prosecutors have called his fraudulent lawsuit to extort social media company Facebook Inc and its founder Mark Zuckerberg.

Andreessen Horowitz hires Facebook former general counsel Ted Ullyot

- Venture capital firm Andreessen Horowitz has hired Facebook Inc's former general counsel Ted Ullyot for handling its policy and regulatory affairs.

Tech, 16 Apr 2015

Net neutrality row grows louder in India, Internet.org hit

MUMBAI - A group of India's leading technology and Internet firms has pulled out of Internet.org, Facebook's flagship effort to get billions more online, in a growing debate over free access and internet neutrality in the country.

Tech, 16 Apr 2015

Yahoo and Facebook shares outperform Google in Frankfurt

LONDON - The Frankfurt-listed shares of Internet companies Yahoo and Facebook outperformed those of rival Google , after media reports that Google would face anti-trust action from the European Union.

Tech, 16 Apr 2015