Yahoo's new boss is dismantling a consumer-commerce division created by recently dispatched CEO Scott Thompson.
Facebook is the hottest Internet company to hit the stock market since Google went public in 2004. The Silicon Valley companies, located seven miles apart, also happen to be locked in a bitter battle for Web surfers' allegiance and online advertisers' money. The duel is likely to intensify now that the IPO has provided Facebook Inc.'s social network with the means to pay for efforts to battle Google Inc.'s dominant search engine.
Some key developments in the eight years since Facebook Inc.'s creation:
Mark Zuckerberg is selling 30.2 million shares as part of Facebook Inc.'s initial public offering of stock. With shares priced at $38 each, he's receiving $1.15 billion.
Growth in the number of active users at Facebook, defined as someone who logs on at least once a month:
Facebook Inc. is selling 180 million of its shares in its initial public stock offering. Another 241. 2 million are coming from existing stockholders, including the company's earliest investors and CEO Mark Zuckerberg.
Hewlett-Packard is poised to eliminate as many as 30,000 jobs to compensate for dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets, according to reports published Thursday.
A federal judge has sentenced a former law student to 17 months in prison for using Twitter to incite prejudice and discrimination against people from Brazil's impoverished northeast.
A small Welsh town where English King Henry V was born is about to make history again by becoming the world's first "Wikipedia town."
Comcast Corp., the country's largest Internet service provider, is going to start charging extra when customers go over a certain monthly data limit.