Company Overview
Facebook is a social utility on the Internet. It allows people to keep up with friends, upload various photos, share links and videos, and learn about the people they meet. The company’s site has active users in various geographic, workrelated, collegiate, and high school networks. Facebook was founded in 2004 and is based in Palo Alto, California.
156 University Avenue
Suite 300
Palo Alto, CA 94301
United States
Founded in 2004
Key Executives
Key developments
Microsoft Corp. measured Facebook Inc.’s interest in a possible acquisition after its failed takeover attempt of Yahoo Inc., the Wall Street Journal reported. The newspaper reported on its Web site that Microsoft's bankers had sent out feelers to Facebook, to test whether the company would be receptive to an acquisition. The talks were first reported by All Things Digital, owned by Wall Street Journal publisher Dow Jones. In October last year, Microsoft took a $240 million stake in Facebook, which valued the start-up at $15 billion. Citing an unnamed source, the report said that there were no active discussions taking place between the two companies. The news came a few days after Microsoft dropped its unsolicited offer to buy Yahoo Inc. for $47.5 billion. Facebook spokeswoman Brandee Barker declined to comment on the report. Microsoft officials were not immediately available for comment.
Facebook Inc. unveiled a new chat feature that rivals Google's popular Gmail chat program. A new chat bar appears at the bottom of the user's browser when signed into Facebook, showing the online status of the user and other friends signed on the networking site. Availability is indicated by a green dot similar to the one on Google's Gmail chat.
American Airlines is now bringing people together through cyberspace on Facebook Platform. American Airlines has launched Travel Bag, an exciting new application on Facebook Platform that makes it easy for users to share travel experiences with friends in their network; to offer and read reviews and comments on things such as restaurants and shops; and even to create countdowns for upcoming events or trips to let friends know what they're doing to.
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