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Cameron (left) and Tyler Winklevoss. (Kimihiro Hoshino/AFP/Getty Images)
Cameron and Tyler Winklevoss found a skeptical audience Tuesday as they tried to persuade a U.S. appeals court to let them out of a $65 million settlement over the founding of online social network Facebook.
The saga of the Winklevoss twins and Facebook CEO Mark Zuckerberg became silver screen lore with the film “The Social Network” last year. It has long been a legal battle as well. Get the full story »
The Securities and Exchange Commission has begun examining whether disclosure rules for privately held firms need to be rewritten as a result of recent deals allowing investors to buy shares in Internet companies such as Facebook Inc. and Twitter Inc., according to people familiar with the situation. Get the full story »
Facebook has raised $500 million from Goldman Sachs and Russian investment firm Digital Sky Technologies, in a deal that values the world’s No.1 Internet social networking company at $50 billion, according to a person familiar with the matter. Get the full story »
Facebook founder and CEO Mark Zuckerberg announces a new Facebook email messaging system in November. (Justin Sullivan/Getty)
Facebook surpassed Google for the first time as the most visited website in the United States for most of 2010.
The social network site edged out Google.com with 8.9 percent of all U.S. visits between January and November 2010, while Google.com ranked second with about 7.2 percent of all visits, according to online measurement service Experian Hitwise. Get the full story »
The Commerce Department is calling for the creation of a “privacy bill of rights” for Internet users to set ground rules for companies that collect consumer data online and use that information for marketing and other purposes.
The proposal, outlined in a Commerce Department report Thursday, is intended to address growing unease about the vast amounts of personal information that companies are scooping up on the Net — from Web browsing habits to smart phone locations to Facebook preferences. That data is often mined to target advertising. Get the full story »
Microsoft Corp. is hoping its Bing search engine can gain more ground on Google with a little more help from Facebook and its other Internet friends. As part of an extensive upgrade, Bing will feature more recommendations and other information from people’s social circles on Facebook to help distinguish its results from Google’s. Get the full story »
Joe and Rika Mansueto at their home in Chicago on May 9, 2008. (Handout)
Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz as well as Morningstar’s Joe Mansueto, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
A total of 57 billionaires now have joined The Giving Pledge, which was launched by Microsoft founder Gates and investor Buffett in June. The campaign announced the new pledges in a statement late Wednesday.
Gates, his wife Melinda, and Buffett have asked U.S. billionaires to give away at least half their wealth during their lifetime or after their death, and to publicly state their intention with a letter explaining their decision. Get the full story »
