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Social networking articles

Facebook finally files long-rumored $5 billion IPO

As expected, Facebook's initial public offering hit the Securities and Exchange Commission Wednesday, raising $5 billion -- less than the $10 billion previously speculated. The long-rumored move reached relative certainty last Friday when the Wall Street Journal reported the IPO…

Microsoft launches So.cl social network for students

Microsoft Research’s FUSE Labs has launched a new social network designed with students in mind. The experimental site is called So.cl (pronounced “social”) and is initially being made available to students at the University of Washington, Syracuse University and New…

Facebook's Timeline feature goes live worldwide

Facebook has officially begun rolling out the new Timeline feature to its entire 800+ million user base. Announced in September, the move represents a complete reconceptualization of profile pages, where instead of just the most recent updates, users will see…

Diaspora co-founder commits suicide at 22

Ilya Zhitomirskiy, one of Diaspora's four founders, died over the weekend at just 22 years of age. Sources close the company confirmed the death was a suicide but it may take weeks for an official determination. Billed as an open alternative to Facebook...

Google+ believed to be closing in on 50 million users

Google+ has attracted over 43 million users since opening the doors to their new social network less than three months ago. Ancestory.com co-founder and self-proclaimed Google+ unofficial statistician Paul Allen (no relation to the Microsoft co-founder by the same name)…

Zynga to delay IPO due to market conditions

Social gaming developer Zynga could be putting their plans for an initial public offering on hold for a few months. The hot tech IPO climate is cooling, leaving Zynga to reconsider when they want to go public...