• Facebook's first corp office in Mumbai, Abhishek Bachchan interacts live with fans

    NEW DELHI: Media Savvy Star Abhishek Bachchan became the first visitor to the India corporate office of Facebook in M

  • Venture capitalist Jim Breyer to leave Facebook's board

    MUMBAI: Accel Partners‘ Jim Breyer will leave Facebook‘s board of directors in June.

  • Facebook unveils updated news feed

    MUMBAI: Online social network Facebook has announced changes to its news feed.

  • Facebook reports $157 mn loss in Q2

    Submitted by ITV Production on Jul 27
    indiantelevision.com Team

    MUMBAI: Facebook reported a net loss of $157 million for the second quarter ended 30 June against a net profit of $240 million a year earlier.

    Facebook?s revenue for the second quarter totaled $1.18 billion, up 32 per cent from $895 million in the second quarter of 2011. Its advertising revenue was $992 million, representing 84 per cent of total revenue and a 28 per cent increase from the same quarter last year. Payments and other fees revenue for the second quarter was $192 million.

    The US-based company said its costs and expenses were $1.93 billion, an increase of 295 per cent from the second quarter of 2011, driven primarily by share-based compensation expense.

    The loss from operations was $743 million in the second quarter, against income from operations of $407 million a year earlier.

    Capital expenditures for the quarter were $413 million, a 213 per cent year-on-year increase. Additionally, $52 million of equipment was procured or financed through capital leases during the second quarter of 2012.

    Cash and marketable securities grew to $10.2 billion, which includes $6.8 billion in net proceeds from our initial public offering.

    "Our goal is to help every person stay connected and every product they use be a great social experience. That?s why we?re so focused on investing in our priorities of mobile, platform and social ads to help people have these experiences with their friends," said Facebook founder and CEO Mark Zuckerberg.

    Facebook?s Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29 per cent year-over-year. Daily active users (DAUs) were 552 million on average while Mobile MAUs were 543 million.

    During the quarter, Facebook rolled out a new Facebook Camera app for iPhone, an improved version of the mobile messenger app for both iOS and Android, and several updates to the Facebook Android app.

    The social networking major also launched global App Center where users can discover relevant apps for mobile and web. Apple announced plans for a deep Facebook integration throughout the next version of Apple?s iOS and OSX.

    The company rolled out sponsored stories in News Feed and enabled advertisers to buy sponsored stories in mobile News Feed. Facebook now has independent ROI data from more than 60 advertising campaigns using a variety of third-party methodologies like panels and marketing mix models.

    Image
    Mark Zuckerberg
  • Zuckerberg drops from Bloomberg Top 40 billionaires list

    Submitted by ITV Production on May 30
    indiantelevision.com Team

    MUMBAI: Facebook CEO Mark Zuckerberg has slipped from the Bloomberg Billionaires Index as the internet entrepreneur?s fortune fell to $14.7 billion.

    The drop in net worth comes in the backdrop of Facebook?s stock falling to below $30 on Tuesday compared to its first trading day high of $45.

    Zuckerberg, who was estimated at $19.4 billion on 19 May, has been replaced by Columbian billionaire Luis Carlos Sarmiento at the 40th spot whose estimated net worth is $15.5 billion.

    Facebook began trading publicly on the Nasdaq Global Select Market on 18 May under the symbol FB with its stock price fixed at $38 per share.

    The IPO, which was marred by technical glitches and lawsuits, saw the company?s value jump to $100 billion.

    Image
    Zuckerberg
  • Carving out a space for independent agencies: Scarecrow Communications founder director Raghu Bhat

     

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