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Facebook booming even as time spent on it drops

SAN FRANCISCO: Facebook on Wednesday reported a big jump in profits even though people are spending less time on the world's biggest social network. The company said its priority is to encourage personal interaction among users, rather…

Zuckerberg makes ‘fixing’ Facebook a personal goal

SAN FRANCISCO: Known for annual personal goals ranging from killing his own food to learning Mandarin, Facebook chief Mark Zuckerberg's stated mission for this year is to 'fix' the social network. Zuckerberg began taking on New Year's…

Facebook authorizes $6 bn share buyback

SAN FRANCISCO: Facebook's board of directors on Friday authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially…

Facebook-owned Instagram getting into shopping

SAN FRANCISCO: Instagram on Tuesday said it will start testing features that let smartphone or tablet users easily buy items they find on the popular photo and video sharing service. The test slated to begin next week in the US will be…

Facebook launches smartphone app for event seekers

SAN FRANCISCO: Facebook on Friday released a mobile app for finding local happenings to enjoy with friends. The Events app tailored for iPhones hit Apple's online shop, with a version "coming soon" for smartphones powered by Google-backed…