At long last, the Holy Grail of Internet IPOs is here. Facebook filed Wednesday to raise $5 billion in an initial public offering. In 2011, Facebook earned $1 billion on sales of $3.7 billion. As of December 31, Facebook had 845 million daily active users. The company crossed the line into profitability in 2009, five [...]

Appalled by the rioting that has been sweeping across Britain this week, the government wants to find out if censoring social media sites could help prevent this from happening again. Prime Minister David Cameron didn’t mention details of what that might mean in practice, only to say in a recalled Parliament this afternoon that the [...]

On Thursday, Facebook unveiled their new high tech and futuristic-looking data center in Prineville, Oregon. Even more impressively, the project is open source, meaning Facebook will actually share what the company has learned about designing energy-reducing, cost-efficient computer servers and data centers. Facebook claims their green data center uses 38 percent less energy to do [...]

Facebook is reportedly in talks to hire President Obama’s former White House press secretary Robert Gibbs for a senior communications role, the New York Times reported. No formal offer has been made yet to Gibbs, but after two years at the White House, the president’s ex-spokesman has high-level ties that could be attractive to Facebook [...]

Websites like Groupon and Living Social have exploded onto the scene in recent years. They help businesses raise their profiles through discount offers. Now, Facebook will soon start testing its own service in several U.S. cities: Dallas, Austin, Atlanta, San Francisco and San Diego. The company already offers Facebook Deals through Facebook Places, its check-in [...]