Mark Zuckerberg, the Chief Executive Officer and co-founder of the world's largest social networking site, Facebook has announced that the company is preparing for an Initial Public Offering (IPO).

The company is aiming to raise about $5 billion through the issue, which makes it the biggest IPO by an internet firm ever in silicon valley, even as the figure is about half of what was expected by many analysts in the market. The event will gather much interest in the Silicon Valley this year as Facebook joins many young firms in going public.

According to experts, Facebook, which is already the world's largest social networking company, will have to increasing focus on mobile Internet platform to maintain growth in the future.

The company must aggressive reach out to mobile phone users around the world and offer an advertising platform to generate more mobile Internet revenues.

New Delhi, Feb 7 - The website of a petitioner and Islamic scholar who dragged Facebook, Google, Yahoo and others to court over allegedly objectionable content has been defaced and left with a message "Probably best not to piss the social networking sites off!"

Petitioner Mufti Aijaz Arshad Qasmi told IANS that his website www. fatwaonline. in has been defaced for the past one week. He now plans to file a police complaint.

World's largest social networking site, Facebook has attracted a massive 40 million users in the South-East-Asian country of Indonesia. The country has the third largest community of Facebook users in the and interesting, to many users, Faebook is all they use on the Internet. The cheap mobile phones with internet access has made it possible for the users to use the social network with the push of a button without even realizing that they are actually using internet.

Mark Zuckerberg, the Chief Executive Officer and co-founder of the world’s largest social networking site, Facebook has announced that the company is preparing for an Initial Public Offering (IPO).

According to a report by comScore Inc, Facebook has accounted for about 28 percent of online display-advertisements in 2011.

The social networking giant had recorded 21 percent of impressions in the previous year, according to comScore. Facebook remained ahead of Yahoo, which remained No. 2 with 11 percent while Microsoft was third at 4.5 percent.

London, Jan 28 Social-networking giant Facebook is planning to file papers for its Initial Public Offering as early as next week, that could value the website at 75 billion to 100 billion dollars.Under US law, Facebook will have to start disclosing its financial results from April because it has over 500 investors.

The IPO, which is expected to raise about 10 billion dollars, is set to make its founder Mark Zuckerberg a billionaire several times over.

The group is thought to be keen to list on the New York Stock Exchange, rather than the more tech heavy Nasdaq, The Telegraph reports.

World’s largest social networking site, Facebook is adding a host of new apps for the users using Timeline in order to encourage users to share more on the network.

The site will now have apps for sharing favorite restaurants, travel spots, movies, online deals and others besides apps for music, news and video, which has been available some time.

Social networking giant, Facebook is encouraging users to share more information on the social networking platform through dozens of new types of posts, including "bought," "read" and "want."

The company added sixty applications that will allow users to publish information automatically to Facebook. Facebook launched the new apps at a news conference at a fashionable night club. Several of these new apps are newer versions of existing online services or mobile apps.

London, Jan 18 - While logging into Facebook account many times a day in office or at home may have turned an irresistible habit for a lot of people, particularly the young, a study has said being glued to it could actually be making people sadder.

According to the study by Utah Valley University, the more the people use the hugely popular social networking website, the more they will believe that others are much happier, the Daily Mail reported.

Social networking major, Facebook is now planning for its initial public offerings (IPO), which will be the biggest ever for a web company.

The company has to attract investors in the financial markets, proving to the world that it can be a successful name in the stock market. Chief Executive Mark Zuckerberg, who is behind the success of the social network, now has the responsibility to lead the charge into the world of stock market. Chief Operating Officer Sheryl Sandberg will prove to be essential in the initiative.

A twitter account allegedly belonging to Rupert Murdoch’s Wendi Deng is found to be a fake account, even as it was awarded a verified "tick" badge from the micro blogging service, which is not revoked.

A News International spokeswoman ahs confirmed in London that the @Wendi_Deng Twitter account does not belong to the wife of media powerhouse. The spokeswoman added that the @rupertmurdoch account is genuine.

World's leading micro-blogging service, Twitter ahs released a new look for its service that connects millions of users around the world.

The new designing is aimed at simplifying the site and make it easier for users to connect with others. The company has also updated its TweetDeck desktop application to be linked to the new version. Twitter has added a new 'Stories' Section to the site as part of a redesign.

Micro blogging site, Twitter has added a new 'Stories' Section to the site as part of a redesign.

The company ahs also added several other features as part of the redesign in order to increase the appeal of the service to internet users. Jack Dorsey, Twitter's creator said that the site will help new users find information that might interest them on the basis of their location and other signals.

Satya Patel, a Twitter senior executive said, "It's not just a visual redesign but a conceptual redesign to make Twitter more accessible to the next billion users."

The US Federal Trade Commission (FTC), which is looking into the allegations of privacy breach by Facebook, has accused the social networking giant of engaging in “unfair and deceptive” practices and has subjected the company to privacy audits for the next twenty years.

Social networking site, Facebook has entered into an agreement with security firm Websense to fight against phishing and malwares.

The site will warn users if they are being directed to a malicious website from next week. This indicates that the social network will now check each post in the network posted by millions of its users. Several users were led to virus laden websites through links posted unknowingly on the site by some users.

Several lawmakers and consumer advocacy groups in the US have urged the Federal Trade Commission to look into Facebook tracking its users’ activities online even after they log out of the network.

Representatives; Edward J. Markey (Democrat-Massachusetts) and Joe Barton (Republican-Texas) have written a letter to the FTC saying the social network’s use of “cookie” software should be investigated under the “unfair and deceptive acts” clause of the agency’s mandate.

Beijing, Sep 27 - Chinese social networking company Renren Inc. announced Tuesday that it will buy 56. com, an online video-sharing site in China, for $80 million.

The takeover of 56. com, a website where users can upload, view and share videos, marked the first major acquisition by Renren since it went public on the New York Stock Exchange in May, reported Xinhua.

The deal is expected to completed in the fourth quarter, Renren said in a statement.

Renren is one of China's largest social-networking websites.

UK's biggest Alcohol maker, Diageo which produces drinks including Smirnoff vodka, Guinness and Johnnie Walker whiskey, is facing criticism for allegedly targeting children on Facebook through advertisements of alcoholic beverages.

Diageo has entered into a multi-million-pound deal with Facebook to place advertisements on the site. It affirms that the advertisements only appear on sections of the site, which is not accessible by anyone under the age of 18 years.

While addressing the unfortunate riots in Britain, Prime Minister David Cameron has assured the Parliament that his administration is considering the matter seriously and looking into whether social media services should put on hold to deal with the circumstances.