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DST stock offer values Facebook at $6.5 billion

Jul. 13, 2009
Facebook investor Digital Sky Technologies offered today to buy up to $100 million worth of employees' common stock in a deal that values the top U.S. social network at $6.5 billion. If employees seek to cash out fully on DST's offer of $14.77 per share, it...
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New privacy features coming to Facebook

PALO ALTO, Calif., July 2 (UPI) -- A Facebook official says the social networking Web site is implementing new privacy features to protect users in the United States and abroad.

Russian firm invests in Facebook

PALO ALTO, Calif., May 26 (UPI) -- U.S. Internet giant Facebook said a Russian firm, Digital Sky Technologies, has purchased 1.96 percent of the company for $200 million.

Arabic version of Facebook debuts

PALO ALTO, Calif., March 11 (UPI) -- Arabic and Hebrew versions of the popular social networking Web site, Facebook, are now available, the Palo Alto, Calif.-based company has announced.

Facebook besieged by Koobface virus

PALO ALTO, Calif., Dec. 5 (UPI) -- A computer virus dubbed Koobface had been running rampant on the social networking Web site Facebook, U.S. computer experts warn.

Facebook axes 'dead babies' group

LONDON, Nov. 6 (UPI) -- Social networking Web site Facebook has removed a group titled "Dead Babies Make Me Laugh" after protests from mothers in Britain who had lost children.

Naples archbishop takes word to Facebook

NAPLES, Italy, Oct. 28 (UPI) -- A Catholic archbishop in Naples, Italy, says he is enjoying using the popular social networking site Facebook to communicate with people the world over.

Scrabble, Facebook face off

LONDON, Jan. 16 (UPI) -- A face-off between old-school Scrabble and high-tech Facebook could spell the demise of a popular diversion for millions of game players worldwide.

Microsoft to pay $240M for Facebook stake

REDMOND, Wash., Oct. 24 (UPI) -- U.S. software giant Microsoft beat Google and Yahoo! in the stakes race for social network Facebook, agreeing to pay $240 million for a stake in the company.

Microsoft said eyeing 5 pct Facebook buy

PALO ALTO, Calif., Sept. 24 (UPI) -- Microsoft Corp. is talking with Facebook Inc. about buying 5 percent of the U.S. social-networking Web site for up to $500 million, a report said Monday.

Facebook spawns new boy band

LONDON, July 22 (UPI) -- The social networking Web site Facebook has a new claim to fame -- the creation of its first "boy band," a British quartet of classical musicians.
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President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch