Facebook said Friday it has raised $1 billion from non-U.S. investors, which combined with an infusion from Goldman Sachs and Russia's Digital Sky Technologies in December, brings the haul from its latest round of funding to $1.5 billion.
The investments value the social networking site at $50 billion, more than the current market values of Yahoo Inc. or eBay Inc., but below those of Amazon.com Inc. and Google Inc.Full Story
The world will run out of Internet addresses "within weeks", according to one of the founding fathers of the web, a report said Friday.
Vint Cerf, who helped create the web by connecting computers using Internet Protocol (IP) addresses, said it was his "fault" that the 4.3 billion addresses created were running out, the Sydney Morning Herald reported.Full Story
Online auction house eBay reported better than expected earnings Wednesday, driven by the success of its online financial transactions service PayPal.
EBay revenue for the quarter ending December 31 was slightly less than $2.5 billion and its net profit was $559.2 million dollars.Full Story
Microblogging site Twitter on Wednesday opened a Korean-language website in an attempt to expand further into a market that has grown almost tenfold in the past year.
Korean is now one of seven languages offered on Twitter.com.Full Story
Two men who authorities say were competing to impress their fellow hackers were arrested Tuesday on federal charges they stole the e-mail addresses of more than 100,000 Apple iPad users, including politicians and media personalities.
The theft and the AT&T security weakness that made it possible were revealed months ago, and U.S. Attorney Paul Fishman said there was no evidence the men used the swiped information for criminal purposes. Authorities cautioned, however, that it could theoretically have wound up in the hands of spammers and scam artists.Full Story
Their voices tell their stories — witnesses and first responders recounting where they were and what they saw when terrorists attacked the World Trade Center.
Now, a web startup called Broadcastr is putting those oral histories on the Internet and on smart phones for the world to hear.Full Story
Google, which opened an online bookstore last month, said Thursday that it has acquired eBook Technologies, a company which makes digital reading products.
Financial terms of the deal were not disclosed.Full Story
Microsoft is fighting rival Apple's claim that it has dibs on the name "App Store," arguing the term is generic and can be used by any shop selling programs for gadgets such as smartphones.
Microsoft has asked the U.S. Patent and Trademark Office to deny Apple's request to "exclusively appropriate" the term "app store" based on the success of the iPhone, iPod and iPad maker's online software shop bearing that name.Full Story
Ten years after its debut as a geeky online encyclopedia, Wikipedia today wants to use its huge, growing popularity and spirit to spread knowledge across the world.
In the decade since it was born, the free, non-profit encyclopedia that anyone can edit has profoundly changed the way people access information, becoming almost the default source for quick online references.Full Story
A skeptical panel of judges is mulling whether Facebook founder Mark Zuckerberg duped former
Harvard classmates in a $65 million settlement of a lawsuit charging that he stole the idea for the website recently valued at $50 billion.Full Story