Tue, May 22, 2012
A 21-year-old British man who hacked into Selena Gomez ’s Facebook page last year has been sent to jail for 12 months.
According to ...
Tue, May 22, 2012
By Alistair Barr
(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some ...
Mon, May 21, 2012
By Sarah McBride and Gerry Shih
SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall ...
Mon, May 21, 2012
By John McCrank
NEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading ...
Mon, May 21, 2012
By Ross Kerber
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite ...
Mon, May 21, 2012
By Jessica Toonkel
NEW YORK (Reuters) - Some customers of Fidelity Investments, Morgan Stanley and Charles Schwab are still waiting to see if their trades ...
Mon, May 21, 2012
NEW YORK (Reuters) - Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook Inc ...
Mon, May 21, 2012
(Reuters) - Stock index futures pointed to a slightly higher Wall Street open on Tuesday, with futures for the S&P 500, the Dow Jones ...
Sun, May 20, 2012
(Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of ...
Sun, May 20, 2012
By Chuck Mikolajczak and John McCrank
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the ...
Sun, May 20, 2012
(Reuters) - Shares in social media company Facebook Inc
Sat, May 19, 2012
By Mary Slosson
(Reuters) - Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update ...
Fri, May 18, 2012
By Nadia Damouni and Olivia Oran
NEW YORK (Reuters) - Lead Facebook Inc
Fri, May 18, 2012
By Herbert Lash
NEW YORK (Reuters) - Facebook Inc's modest debut on Friday may have averted a potential headache for the company and regulators ...
Fri, May 18, 2012
By John McCrank and Jonathan Spicer
(Reuters) - Individual investors were left guessing for more than two hours on Friday about whether their buy and ...
Thu, May 17, 2012
By Ben Klayman and Bernie Woodall
DETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its ...
Thu, May 17, 2012
By Joseph A. Giannone
NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money ...
Thu, May 17, 2012
By Jessica Toonkel and Jennifer Hoyt Cummings
NEW YORK (Reuters) - Morgan Stanley Smith Barney, one of the three lead underwriters on the Facebook Inc ...
Thu, May 17, 2012
By Jennifer Hoyt Cummings and Ashley Lau
NEW YORK (Reuters) - Santa - or scrooge - has come early for advisers at Bank of America Merrill Lynch ...
Thu, May 17, 2012
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social ...
Thu, May 17, 2012
By Kevin Drawbaugh
WASHINGTON (Reuters) - Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday ...
Thu, May 17, 2012
By Jeremy Wagstaff, Asia Chief Technology Correspondent
SINGAPORE (Reuters) - Even as Facebook fever grips investors ahead of the social networking giant's potential $100 ...
Wed, May 16, 2012
By Nicola Leske and Kate Holton
NEW YORK/LONDON (Reuters) - General Motors Inc's decision to stop advertising on Facebook may be a wake-up ...
Wed, May 16, 2012
By Jessica Toonkel
NEW YORK (Reuters) - Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week ...
Wed, May 16, 2012
By David K. Randall
NEW YORK (Reuters) - Try as they might, many retail investors won't be able to get shares of Facebook in ...
Wed, May 16, 2012
By Alistair Barr and Olivia Oran
SAN FRANCISCO (Reuters) - If "Facebook For Dummies" helped you find friends and post pictures on the world's ...
Tue, May 15, 2012
By Olivia Oran and Alexei Oreskovic
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 ...
Tue, May 15, 2012
By Ben Klayman and Alexei Oreskovic
DETROIT/SAN FRANCISCO (Reuters) - General Motors Co said on Tuesday it will stop advertising on Facebook, even as ...
Tue, May 15, 2012
(Reuters) - General Motors Co will stop advertising on Facebook, a move that comes during the same week the social networking website is due to ...
Tue, May 15, 2012
SAN FRANCISCO (Reuters) - Facebook Inc's initial public offering, in addition to minting a number of billionaires and millionaires, will offer something of a ...
Tue, May 15, 2012
By David Gaffen
(Reuters) - Worried that if you buy Facebook when it starts trading Friday you'll get trampled by big banks and hedge ...
Tue, May 15, 2012
By Doris Frankel
(Reuters) - Traders will have their first crack at using options to hedge their bets or speculate on the direction of Facebook ...
Mon, May 14, 2012
By Olivia Oran and Alexei Oreskovic
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the price range on its initial public offering an average ...
Sun, May 13, 2012
By Sarah McBride
SAN FRANCISCO (Reuters) - For the handful of venture capitalists who backed Facebook
Fri, May 11, 2012
By Alistair Barr
PALO ALTO, California (Reuters) - Facebook CEO Mark Zuckerberg, whose limited role in promoting the No. 1 social network's market debut ...
Fri, May 11, 2012
By Sarah McBride
SAN FRANCISCO (Reuters) - Facebook Inc co-founder Eduardo Saverin has renounced his U.S. citizenship, according to an Internal Revenue Service report ...
Fri, May 11, 2012
By Guillermo Parra-Bernal and Olivia Oran
SAO PAULO/NEW YORK (Reuters) - For most people, Facebook is a way to connect with friends and family ...
Thu, May 10, 2012
By Alexei Oreskovic
(Reuters) - The U.S. Federal Trade Commission has reached out to Google Inc and Twitter in an investigation into Facebook Inc ...
Thu, May 10, 2012
By John McCrank
NEW YORK (Reuters) - Nasdaq OMX Group Inc is looking forward to a spike in the number of companies going public in ...
Thu, May 10, 2012
SEATTLE (Reuters) - Microsoft Corp unveiled a new design on Thursday for its second-ranked Bing search engine, introducing elements from Facebook and other social networks ...
Thu, May 10, 2012
By Chuck Mikolajczak
NEW YORK (Reuters) - Stocks fell on Friday after a sloppy debut by Facebook Inc
Wed, May 09, 2012
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook Inc unveiled a new hub for consumers to find games and other apps on the social network ...
Tue, May 08, 2012
By Alexei Oreskovic and Olivia Oran
SAN FRANCISCO (Reuters) - Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the ...
Mon, May 07, 2012
By Sarah McBride
(Reuters) - The average time spent accessing Facebook via smartphone in the United States was 441 minutes in March, compared with 391 ...
Mon, May 07, 2012
By Nadia Damouni and Olivia Oran
NEW YORK (Reuters) - Facebook Inc CEO Mark Zuckerberg took questions about the No. 1 social network's slowing ...
Thu, May 03, 2012
By Poornima Gupta and Gerry Shih
SAN FRANCISCO (Reuters) - The rich are going to get richer when Silicon Valley's biggest IPO starts trading ...
Thu, May 03, 2012
UNDATED (KDAL) - U-S Senator Amy Klobuchar is co-sponsoring federal legislation that would prohibit an employer from requiring that current or potential employees turn over ...
Thu, May 03, 2012
When it comes to reneging on business in Australia, Flo Rida is learning you can run but you can't hide online. According to ...
Tue, May 01, 2012
By Alistair Barr and Alexei Oreskovic
SAN FRANCISCO (Reuters) - The roadshow for Facebook Inc's initial public offering is scheduled to start on Monday ...
Tue, May 01, 2012
Madonna hasn't done a lot of interviews to promote her new album and tour, but she's kept up a steady stream of ...
Tue, May 01, 2012
By Alexei Oreskovic and Alistair Barr
SAN FRANCISCO (Reuters) - Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO ...
Sun, April 29, 2012
By Ken Wang and Timothy Sifert
HONG KONG (Reuters) - China's internet censors have a dim view of Facebook, but that has not stopped ...
Wed, April 25, 2012
By Dan Whitcomb
LOS ANGELES (Reuters) - A U.S. Marine sergeant who wrote on Facebook that he would not follow orders from President Barack ...
Tue, April 24, 2012
By Alistair Barr and Gerry Shih
SAN FRANCISCO (Reuters) - A recent acquisition spurt by Facebook Inc may add about a week to the social ...
Mon, April 23, 2012
By Alexei Oreskovic and Diane Bartz
SAN FRANCISCO/WASHINGTON (Reuters) - Facebook will pay Microsoft Corp $550 million for hundreds of patents that originated with ...
Mon, April 23, 2012
By Alexei Oreskovic and Alistair Barr
SAN FRANCISCO (Reuters) - Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign ...
Mon, April 23, 2012
By Alexei Oreskovic and Diane Bartz
SAN FRANCISCO (Reuters) - Facebook will pay Microsoft Corp $550 million in cash for hundreds of patents recently sold ...
Mon, April 23, 2012
By Alexei Oreskovic and Diane Bartz
SAN FRANCISCO (Reuters) - Facebook will pay Microsoft Corp $550 million in cash for hundreds of patents recently sold ...
Mon, April 16, 2012
By Georgina Prodhan
LONDON (Reuters) - European start-up King.com has overtaken video-games giant Electronic Arts on Facebook, with almost 10 million people every day ...
Fri, April 13, 2012
By Jonathan Stempel
(Reuters) - Facebook Inc, which runs the world's largest social networking website, won a court ruling on Friday rejecting a bid ...
Mon, April 09, 2012
By Alexei Oreskovic and Gerry Shih
SAN FRANCISCO (Reuters) - Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application ...
Fri, April 06, 2012
By Marty Graham
SAN DIEGO (Reuters) - A Marine who posted on Facebook that he would not follow orders from President Barack Obama should be ...
Thu, April 05, 2012
By Alistair Barr
SAN FRANCISCO (Reuters) - Facebook Inc, preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York ...
Thu, April 05, 2012
By Alistair Barr
SAN FRANCISCO (Reuters) - A group of e-commerce start-ups, backed by some of the tech world's most pedigreed financiers, are betting ...
Thu, April 05, 2012
By Alistair Barr
SAN FRANCISCO (Reuters) - A group of e-commerce start-ups, backed by some of the tech world's most pedigreed financiers, are betting ...
Wed, April 04, 2012
By Marty Graham
SAN DIEGO (Reuters) - A U.S. Marine facing discipline and possible discharge for using his "Armed Forces Tea Party" Facebook page ...
Tue, April 03, 2012
By Dan Levine and Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook fired back on Tuesday in its legal battle with Yahoo by accusing the Web ...
Mon, April 02, 2012
By Ben Deighton
BRUSSELS (Reuters) - A one-click online payment system using Facebook and Twitter that could boost Internet sales for newspapers, music vendors and ...
Thu, March 29, 2012
By Nadia Damouni, Nicola Leske and Olivia Oran
NEW YORK (Reuters)- Telecom equipment maker Avaya Corp may have to push out its initial public ...
Thu, March 29, 2012
By Chris Gallagher
TOKYO (Reuters) - Japanese Prime Minister Yoshihiko Noda frequently entertains dignitaries from all over the world, but he was a touch star-struck ...
Wed, March 28, 2012
By Alexei Oreskovic and Sarah McBride
SAN FRANCISCO (Reuters) - Social-networking site Facebook is halting the sale of its shares on secondary markets effective next ...
Wed, March 28, 2012
By Alistair Barr and Alexei Oreskovic
SAN FRANCISCO (Reuters) - Mark Zuckerberg wants at least $5 billion from Wall Street investors, but those investors will ...
Tue, March 27, 2012
On Saturday night, Madonna told Jimmy Fallon during a Facebook chat that she wanted Quentin Tarantino to direct the video for "Gang Bang," a ...
Mon, March 26, 2012
(Reuters) - Facebook Inc urged a federal judge on Monday to throw out a lawsuit by a New York wood pellet salesman who said he ...
Mon, March 26, 2012
(Reuters) - Facebook Inc urged a federal judge on Monday to throw out a lawsuit by a New York wood pellet salesman who said he ...
Mon, March 26, 2012
How did you spend your Saturday night? Madonna spent it chatting with Jimmy Fallon live on Facebook, in what she said would be her ...
Fri, March 23, 2012
By Gerry Shih
SAN FRANCISCO (Reuters) - Facebook and lawmakers have warned employers against requesting Facebook passwords while screening job applicants, a controversial practice that ...
Thu, March 22, 2012
By Marty Graham
SAN DIEGO (Reuters) - The Marine Corps has initiated disciplinary action against a Marine sergeant for comments he posted on his "Armed ...
Thu, March 22, 2012
By Dan Levine and Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook has acquired hundreds of patents from International Business Machines Corp as the social networking ...
Tue, March 20, 2012
Madonna will sit down with late night talk show host Jimmy Fallon in a live chat that'll stream on Facebook .
Fallon and Madge ...
Mon, March 19, 2012
By Alistair Barr and Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook will pay a fee of just 1.1 percent to underwriters of its initial ...
Wed, March 14, 2012
By Sarah N. Lynch and Aruna Viswanatha
WASHINGTON (Reuters) - U.S. securities regulators brought charges against an online trading platform and two private funds ...
Tue, March 13, 2012
By Corrie MacLaggan
AUSTIN, Texas (Reuters) - Christina Gomez has carefully displayed her dream cribs, rockers and mobiles on Pinterest, the increasingly popular online bulletin ...
Tue, March 13, 2012
By Corrie MacLaggan
AUSTIN, Texas (Reuters) - Christina Gomez has carefully displayed her dream cribs, rockers and mobiles on Pinterest, the increasingly popular online bulletin ...
Tue, March 13, 2012
By Alistair Barr and Alexei Oreskovic
(Reuters) - Facebook Inc is taking the next step on its IPO journey and has summoned research analysts from ...
Mon, March 12, 2012
By Dan Levine and Alexei Oreskovic
SAN FRANCISCO (Reuters) - Yahoo Inc sued Facebook Inc over 10 patents that include methods and systems for advertising ...
Mon, March 12, 2012
Madonna's working super-hard to get her upcoming tour ready for public consumption, and she's got the bruises to show for it. On ...
Sat, March 10, 2012
UNDATED (WKZO) -- It began as a one man revolution to change how the world sees Ugandan warlord Joseph Kony. It has become an amazing ...
Fri, March 09, 2012
(Reuters) - Chris Hughes, one of the co-founders of Facebook and a former online strategist for Barack Obama during the 2008 presidential campaign, has purchased ...
Thu, March 08, 2012
By Gerry Shih
SAN FRANCISCO (Reuters) - Facebook's original friends are moving into politics.
Small investments in NationBuilder, a political campaign software startup, by ...
Thu, March 08, 2012
By Olivia Oran
(Reuters) - Facebook Inc added several women- and minority-owned investment banks to the roster of underwriters for its initial public offering, following ...
Wed, March 07, 2012
By Alistair Barr and Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook Inc added 25 banks to help underwrite the company's initial public offering, meaning ...
Sun, March 04, 2012
By Mary Slosson
LOS ANGELES (Reuters) - Residents of the storm-ravaged communities in the Midwest are reaching out to each other, neighbor to neighbor, through ...
Sat, March 03, 2012
By Roman Kozhevnikov
DUSHANBE (Reuters) - Tajikistan blocked local access to Facebook and two Russian-language sites that published an article critical of its long-serving president ...
Fri, March 02, 2012
By Alistair Barr and Nadia Damouni
SAN FRANCISCO (Reuters) - Facebook Inc will add banks in coming weeks to help underwrite its initial public offering ...
Fri, March 02, 2012
By Georgina Prodhan
BARCELONA (Reuters) - For Facebook it must look like a no-brainer -- exploit its huge consumer loyalty and half a billion mobile phone ...
Thu, March 01, 2012
By Nicola Leske
(Reuters) - Consumer review website Yelp Inc made a sparkling market debut on Friday, buoyed by optimism ahead of Facebook's public ...
Thu, March 01, 2012
By Alistair Barr
SAN FRANCISCO (Reuters) - Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit ...
Thu, March 01, 2012
By Liana B. Baker
(Reuters) - Zynga Inc is launching a new games service that allows users to play on the company's website instead ...
Wed, February 29, 2012
SAN FRANCISCO (Reuters) - Facebook marketing executive Mike Hoefflinger said on Wednesday that Facebook Pages will be available on smartphones later in 2012.
Hoefflinger also ...
Wed, February 29, 2012
BARCELONA (Reuters) - Finnish gaming firm Rovio expects to boost growth for months to come, with expansion in Asia, to Facebook and with the launch ...
Wed, February 29, 2012
By Alexei Oreskovic and Alistair Barr
NEW YORK/SAN FRANCISCO (Reuters) - Facebook has unveiled new ways for businesses to reach its 845 million users ...
Wed, February 29, 2012
By Melanie Lee
SHANGHAI (Reuters) - Some Chinese Internet users have this week been able to access blocked websites such as YouTube, Facebook and Twitter ...
Tue, February 28, 2012
By Dan Levine
SAN FRANCISCO (Reuters) - Yahoo could be trying to boost its acquisition value by demanding licensing fees from Facebook for the use ...
Mon, February 27, 2012
By Dan Levine
SAN FRANCISCO (Reuters) - Yahoo has demanded licensing fees from Facebook for use of its technology, the companies said on Monday, potentially ...
Mon, February 27, 2012
By Georgina Prodhan
BARCELONA (Reuters) - Facebook said it could team up with mobile operators on payments, in an offer that would give them back ...
Wed, February 15, 2012
By Asher Levine
SAO PAULO (Reuters) - Facebook's popularity in Brazil has exploded over the past year, and the company may have its biggest ...
Tue, February 14, 2012
By John Gaudiosi
RALEIGH, NORTH CAROLINA (Reuters) - Although, technically speaking, Lucille Ball, Desi Arnaz, Vivian Vance and William Frawley never left small screens thanks ...
Mon, February 13, 2012
(Reuters) - Facebook diminishes shareholder rights with its dual-class share structure and limits the accountability of its board of directors to investors, proxy advisory group ...
Fri, February 10, 2012
By Dhanya Skariachan
NEW YORK (Reuters) - Coming off a year in which U.S. toy sales fell 2 percent, toymakers and buyers at the ...
Thu, February 09, 2012
By Tim Ghianni
NASHVILLE, Tenn (Reuters) - A Tennessee couple who "defriended" a woman on Facebook were murdered in their home by the jilted woman ...
Wed, February 08, 2012
By Paritosh Bansal
NEW YORK (Reuters) - A new crop of companies entering the U.S. public markets, including such high-profile offerings as Facebook, are ...
Wed, February 08, 2012
By Ashutosh Pandey
(Reuters) - The excitement generated by Facebook's IPO filing rubbed off on companies listing on U.S. stock exchanges on Wednesday ...
Tue, February 07, 2012
By Melanie Lee
SHANGHAI (Reuters) - When it comes to China, Facebook should consider itself forewarned. Cracking the world's biggest Internet population might seem ...
Tue, February 07, 2012
(Reuters) - The California State Teachers' Retirement System, the second-largest largest pension fund in the United States, wants Facebook Inc
Tue, February 07, 2012
By Alice Baghdjian
BERLIN (Reuters) - Police in the German state of Lower-Saxony will soon use their networks of Facebook "friends" to find missing persons ...
Tue, February 07, 2012
VIENNA (Reuters) - Social media network Facebook has promised to release more information about the data it collects from millions of users, an Austrian group ...
Mon, February 06, 2012
By Paritosh Bansal and Soyoung Kim
NEW YORK (Reuters) - Facebook's corporate governance rules, which give shareholders little say in how the social networking ...
Mon, February 06, 2012
n">(Reuters) - About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating ...
Sun, February 05, 2012
LONDON (Reuters) - Facebook, the social network giant, is set to begin showing advertisements to users on mobile devices before its $5 billion initial public ...
Sun, February 05, 2012
By Peter Lauria
(Reuters) - About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if ...
Fri, February 03, 2012
By Nanette Byrnes
(Reuters) - Facebook, the social network giant on the verge of a huge initial public stock offering, pays an unusually high tax ...
Thu, February 02, 2012
By Ian Simpson
WASHINGTON (Reuters) - So much for "Facebook fatigue."
A survey released on Friday shows that people who have used the social networking ...
Thu, February 02, 2012
By Sarah McBride and Poornima Gupta
SAN FRANCISCO (Reuters) - It's the year's hottest initial public offering, but some wealth managers find themselves ...
Thu, February 02, 2012
By Brendan O'Brien
MILWAUKEE (Reuters) - A Wisconsin woman has been charged with theft over accusations she tried to profit from Facebook's much-anticipated ...
Thu, February 02, 2012
By Jennifer Hoyt Cummings
(Reuters) - The first thing the 1,000 or so new post-IPO Facebook millionaire employees might need: a reality check.
Financial ...
Thu, February 02, 2012
By Angela Moon and Doris Frankel
NEW YORK (Reuters) - The hype over Facebook's initial public offering has excited investors revisiting other social media ...
Thu, February 02, 2012
By Alistair Barr
SAN FRANCISCO (Reuters) - Groupon Inc shares jumped to their highest level of 2012 Thursday as the daily deal company got a ...
Thu, February 02, 2012
By Liana B. Baker
(Reuters) - Zynga shares jumped as much as 22 percent on Thursday in the first trading session after Facebook revealed it ...
Thu, February 02, 2012
By David Randall
NEW YORK (Reuters) - Depending on who you ask, Facebook is either the best company to go public since Google or the ...
Thu, February 02, 2012
By Jeremy Wagstaff, Asia technology correspondent
(Reuters) - Facebook aims to connect all two billion Internet users. So far it has captured 845 million of ...
Wed, February 01, 2012
By Nadia Damouni
NEW YORK (Reuters) - JPMorgan Chase & Co surprised Wall Street by winning a leading role in Facebook's much anticipated public offering, besting other banks that have competed for months for the coveted position.
Morgan Stanley, JPMorgan and Goldman Sachs Group Inc got the lead roles in the IPO, while Bank of America Merrill Lynch, Barclays Capital and Allen & Co also landed underwriting roles.
The banks were told that they had all made the cut during a commitment meeting on Tuesday, two sources familiar with the situation said. Generally, banks assuming these roles are told months in advance of a company filing for an initial public offering.
Facebook submitted its IPO documents to the U.S. Securities and Exchange Commission on Wednesday. The company expects to raise targeted $5 billion.
Two other sources familiar with the matter said on Wednesday that JPMorgan's months of schmoozing with Facebook executives paid off in the end. JPMorgan is ranked No. 4 among banks that advised on U.S. technology IPOs in 2011.
JPMorgan's Chief Executive Jamie Dimon, veteran rainmaker Jimmy Lee and other senior executives courted Facebook's Chief Operating Officer Sheryl Sandberg and Chief Financial Officer David Ebersman over the last year to help pave the way for the offering. Ebersman is leading the IPO process, one of the sources said.
As recently as December, Dimon visited Facebook's headquarters in Palo Alto, California, to establish its position within the team of bookrunners, the sources said.
Lee has had a business relationship with Sandberg for years, which has allowed him to learn about Facebook's culture among senior executives, one of the sources said.
Both Dimon and Lee saw Facebook as one of the next "Blue Chips," and JPMorgan stepped in early to build a commercial relationship, including spending millions of dollars to help Facebook build a data center, the source said.
The hard-won mandate is likely to bode well for JPMorgan's league table rankings.
Currently, JPMorgan is ranked after Morgan Stanley, Deutsche Bank and Goldman Sachs in the league tables for U.S. listed technology IPOs, according to Thomson Reuters data.
This counts because the banks may be doing the deal more for prestige than money. Facebook's IPO could set a new standard for how much investment banks are willing to lower their advisory fees to win big business [ID:nL2E8CQEDA].
Banks may offer their underwriting services for as little as 1 percent of gross proceeds, sources have said, compared with the 7 percent fee that smaller deals typically fetch, or the 2 or 3 percent that large deals tend to command.
The underwriters established their relationship with the social network company over the last year through investments and loans.
In December 2010 and January 2011, Goldman Sachs purchased 69.5 million shares of Facebook's Class A common stock for $1.45 billion, according to filing. In 2010 and 2011, Morgan Stanley purchased shares of Facebook's Class B common stock.
A year ago, Facebook entered into a credit agreement with five lenders, including Morgan Stanley, JPMorgan, Goldman Sachs, Bank of America Merrill Lynch, and Barclays to borrow up to $1.5 billion in revolving loans, according to the filing.
In September 2011, the credit agreement was amended to increase the borrowing capacity to $2.5 billion, the filing said.
(Reporting By Nadia Damouni; Additional reporting by Alistair Barr and Stephen Lacey; editing by Paritosh Bansal)
Wed, February 01, 2012
By Gerry Shih
SAN FRANCISCO (Reuters) - Facebook on Wednesday filed to raise $5 billion in an initial public offering. Here are a few highlights ...
Wed, February 01, 2012
By Alina Selyukh and Jasmin Melvin
WASHINGTON (Reuters) - Preparing to join the ranks of publicly traded companies, Facebook Inc is also beefing up its ...
Tue, January 31, 2012
By Jasmin Melvin
WASHINGTON (Reuters) - Netflix Inc on Tuesday urged a panel of senators to support legislation that it said would allow the company ...
Tue, January 31, 2012
By Alexei Oreskovic and Sarah McBride
SAN FRANCISCO (Reuters) - Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as ...
Tue, January 31, 2012
By Dan Levine
SAN FRANCISCO (Reuters) - As it prepares for one of the biggest IPOs ever, Facebook is coming under the same fierce attacks ...
Tue, January 31, 2012
UNDATED (WKZO) -- If you happened to miss last night's Clippers-Thunder game, then you also missed what's being dubbed "the dunk of the ...
Fri, January 27, 2012
By Lauren Tara LaCapra
(Reuters) - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing ...
Fri, January 27, 2012
By David Schwartz
PHOENIX (Reuters) - The U.S. Secret Service is investigating the origins of a photo on an Arizona police officer's Facebook ...
Fri, January 27, 2012
(Reuters) - Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network ...
Thu, January 26, 2012
By Laura L. Myers
SEATTLE (Reuters) - Facebook and the state of Washington sued a company on Thursday they accused of a practice called "clickjacking ...
Wed, January 25, 2012
By Liana B. Baker
NEW YORK (Reuters) - David Ko, Zynga's chief mobile officer, has one of the most important and pressure-filled at the ...
Tue, January 24, 2012
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook, the social networking company poised to go public this year, will not honor trades of its shares ...
Thu, January 19, 2012
By Aman Ali
NEW YORK (Reuters) - Police investigating three murders arrested 43 feuding New York gang members on Thursday based on evidence collected from ...
Wed, January 11, 2012
By Alice Baghdjian
BERLIN (Reuters) - Pistol dueling in print and energetic postings of "applause" accompanied the Facebook premier of Theodor Fontane's "Effi Briest ...
Mon, January 09, 2012
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - At restaurants, at movies and at the office, checking Facebook has become a regular habit for many of ...
Mon, January 09, 2012
By Natasha Baker
TORONTO (Reuters) - Angry Birds and Facebook were the most downloaded iPhone apps of 2011, according to Apple, but some less predictable ...
Thu, December 29, 2011
PHOENIX (Reuters) - Two Arizona parents were arrested by sheriff's deputies after apparently posting pictures on Facebook that showed their children, an infant and ...
Fri, December 23, 2011
NEW DELHI (Reuters) - U.S. companies Facebook, Google and Yahoo, and other internet firms, have been ordered by two Indian courts to remove material ...
Wed, December 21, 2011
DUBLIN (Reuters) - Facebook agreed on Wednesday to overhaul privacy protection for more than half a billion users outside North America, after a three-month investigation ...
Thu, December 15, 2011
ZURICH (Reuters) - Swiss engineer ABB has won an $11 million contract to power Facebook's first data centre outside the United States, covering an ...
Wed, December 14, 2011
By Liana B. Baker
NEW YORK (Reuters) - "We generate substantially all of our revenue and players through the Facebook platform and expect to continue ...
Tue, December 13, 2011
(Reuters) - Facebook launched a new suicide prevention tool on Tuesday, giving users a direct link to an online chat with counselors who can help ...
Thu, December 08, 2011
By Alexei Oreskovic and Sarah McBride
SAN FRANCISCO (Reuters) - Traveling to space or embarking on an expedition to excavate lost Mayan ruins are normally ...
Wed, December 07, 2011
By Jim Forsyth
SAN ANTONIO (Reuters) - A 12-year-old girl who was shot by her mother during a standoff inside a Texas food stamp office ...
Wed, December 07, 2011
LONDON (Reuters) - Brewing giant Heineken is linking with social networking website Facebook to boost its global digital marketing, with the first fruits of the ...
Tue, December 06, 2011
By Devidutta Tripathy and Anurag Kotoky
NEW DELHI (Reuters) - India has urged social network companies including Facebook, Twitter and Google to remove offensive material ...
Mon, December 05, 2011
By Alexei Oreskovic
(Reuters) - Facebook has hired the co-founders of Gowalla, one of the pioneering companies that developed the concept of "checking in" at ...
Fri, December 02, 2011
By Jim Finkle and Ilaina Jonas
NEW YORK (Reuters) - Facebook, the social networking giant that is preparing to go public, said it plans to ...
Tue, November 29, 2011
By Diane Bartz and Alexei Oreskovic
WASHINGTON (Reuters) - Facebook will be required to get user consent for certain changes to privacy settings as part ...
Mon, November 28, 2011
By Alexei Oreskovic
(Reuters) - Facebook, the world's largest Internet social network, is preparing for a initial public stock offering next year, according to ...
Mon, November 28, 2011
By Jonathan Stempel
(Reuters) - Facebook Inc said on Monday that it made a mistake in letting Merck & Co take over a page on the social networking website from its German rival Merck KGaA.
The takeover prompted an unusual November 21 filing by Merck KGaA with a New York state court.
In it, Merck KGaA sought to force Facebook to explain how it lost the page, http://www.facebook.com/merck, and the ability to administer it to Merck & Co, a separate company.
Facebook plans to make the URL http://www.facebook.com/merck unavailable for use until both Mercks agree which company may use it. The companies may request other URLs and maintain presences on Facebook.
"The transfer of the vanity URL Facebook.com/Merck from Merck KGaA to Merck & Co was due to an administrative error," Facebook said in a statement. "We apologize for any inconvenience this may have caused."
Merck & Co spokesman Ronald Rogers said, "We are going to continue to have a Facebook page. It is an active webpage. We are continuing to look into the matter of the vanity URL."
A Merck KGaA spokesman said, "We are happy with Facebook's apology, and we are still looking into the matter."
According to court papers, Merck KGaA contracted with Facebook in March 2010 for exclusive use of the page, but discovered last month that Merck & Co was using it.
Merck KGaA said the loss of the page deprived it of an "important marketing device." Merck & Co was not a defendant.
According to Merck KGaA, the Mercks became separate companies under the Treaty of Versailles in 1919. Each retained rights to the Merck trademark in different geographic areas, as part of Germany's reparations following World War I.
Merck & Co is based in Whitehouse Station, New Jersey; Merck KGaA in Darmstadt, Germany; and Facebook ...
Wed, November 23, 2011
By Jonathan Stempel
(Reuters) - German drugmaker Merck KGaA accused U.S. rival Merck & Co of hijacking its Facebook page and said it plans to sue to get it back.
Merck KGaA asked a New York judge to force Facebook Inc to turn over information to help determine how the German company lost the page, http://www.facebook.com/merck , and the ability to administer it.
According to a Monday filing with a New York state court in Manhattan, Merck KGaA contracted with Facebook in March 2010 for exclusive use of the page, but discovered last month that the unrelated Merck & Co was using it.
Facebook "has not been cooperative" in restoring the page, and in several alleged communications appeared nonresponsive or evasive in dealing with Merck KGaA, the filing said.
"Because Facebook is an important marketing device, the page is of great value to Merck, and its misappropriation is causing harm to Merck," Merck KGaA said. "It is not clear how that happened or who is at fault nor ... is Facebook providing clear information about what happened."
Merck KGaA said it may bring legal action alleging breach of contract and interference with its business. It did not indicate whom it may sue. Merck & Co is not a defendant.
Facebook spokesman Andrew Noyes and Merck & Co spokesman Ronald Rogers said their respective companies are looking into the matter. Merck KGaA declined to comment.
According to Merck KGaA, the Mercks became separate companies under the Treaty of Versailles, each owning rights to the Merck trademark in different geographic areas, as part of Germany's reparations following World War I.
Merck & Co is based in Whitehouse Station, New Jersey; Merck KGaA in Darmstadt, Germany; and Facebook in Palo Alto, California ...
Tue, November 22, 2011
SAN FRANCISCO (Reuters) - LeapFrog Enterprises' new learning tablet computer for kids is likely to be the hottest toy this holiday, according to new Facebook ...
Thu, November 17, 2011
By Grant McCool
NEW YORK (Reuters) - A fund manager accused of running an $11 million scam promoting phony access to coveted shares of Facebook ...
Mon, October 17, 2011
The Green Mile star, 51, became tabloid fodder in May (11) when he wed Courtney Stodden and now she's hitting headlines all over ...
Sun, October 16, 2011
The Green Mile star, 51, became tabloid fodder in May (11) when he wed Courtney Stodden and now she's hitting headlines all over ...
Sat, October 15, 2011
The Green Mile star, 51, became tabloid fodder in May (11) when he wed Courtney Stodden and now she's hitting headlines all over ...
Fri, October 14, 2011
The Green Mile star, 51, became tabloid fodder in May (11) when he wed Courtney Stodden and now she's hitting headlines all over ...
Tue, October 11, 2011
SAN FRANCISCO (Reuters) - Facebook executive and eBay Inc board member Katie Mitic unveiled a partnership between the two companies designed to create a new ...
Mon, October 10, 2011
(Reuters) - Wal-Mart Stores Inc and Facebook Inc unveiled a partnership on Tuesday to help the world's largest retailer connect customers with its local ...
Mon, October 10, 2011
SAN FRANCISCO (Reuters) - Facebook released its long-awaited iPad app on Monday and introduced support for social games on the mobile versions of its online ...
Mon, October 03, 2011
By Genevra Pittman
NEW YORK (Reuters Health) - College students' Facebook pages might hold clues to which of them are at risk for alcohol dependence ...
Thu, September 29, 2011
LONDON (Reuters) - Facebook faces regulatory scrutiny in Ireland, site of its European headquarters, over its handling of personal information, the Financial Times reported on ...
Thu, September 29, 2011
(Reuters) - Facebook's head of mobile marketing has joined the board of directors of eBay Inc, expanding the size of the board.
The executive ...
Thu, September 29, 2011
By Sabrina Ford
NEW YORK (Reuters) - Warner Bros. on Thursday will unveil a Web show from "Charlie's Angels" director McG that seeks to ...
Mon, September 26, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - When somebody who has been played by Justin Timberlake in a Hollywood movie decides to throw a party ...
Mon, September 26, 2011
NASHVILLE, Tenn (Reuters) - Some people have complained about changes in Facebook, but not Rolanda Hill, who used the social media site to seek help ...
Fri, September 23, 2011
By Kevin Murphy
KANSAS CITY, Mo (Reuters) - Missouri lawmakers on Friday overturned a pending state law that would have banned private chatting between teachers ...
Fri, September 23, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - When somebody who has been played by Justin Timberlake in a Hollywood movie decides to throw a party ...
Thu, September 22, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook unveiled new ways for users to listen to music and watch TV, offering tie-ups with the likes ...
Wed, September 21, 2011
By Liana B. Baker
NEW YORK (Reuters) - Electronic Arts Inc may never recover its Silicon Valley swagger. But maybe it doesn't have to ...
Tue, September 20, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook is looking to hire a big-name executive to cultivate relationships and strike deals with the film and ...
Tue, September 20, 2011
(Reuters) - Google Inc and Facebook trotted out a variety of new social networking features in back-to-back announcements on Tuesday, underscoring their intensifying competition for ...
Wed, September 14, 2011
(Reuters) - Facebook will delay its initial public offering until the end of next year so employees can focus on developing products for the No ...
Wed, September 07, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of ...
Fri, September 02, 2011
LOS ANGELES (Reuters) - Talk show queen Oprah Winfrey will be doing her first-ever live chat with social media website Facebook on Thursday, Sept 8 ...
Fri, August 26, 2011
By Alistair Barr
SAN FRANCISCO (Reuters) - Facebook is getting out of the daily deals business after four months of testing, a move that may ...
Wed, August 24, 2011
By Nick Zieminski and Bijoy Koyitty
NEW YORK/BANGALORE (Reuters) - Monster Worldwide isn't looking so monstrous lately.
Shares of the parent of online ...
Wed, August 24, 2011
By Nick Zieminski and Bijoy Koyitty
NEW YORK/BANGALORE (Reuters) - Monster Worldwide isn't looking so monstrous lately.
Shares of the parent of online ...
Tue, August 23, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook is making it easier for users to control who sees their information, and to have more say ...
Thu, August 18, 2011
By Sarah McBride
SAN FRANCISCO (Reuters) - Facebook finally has a serious competitor. At least, that's what social-media investor Sergio Monsalve thinks.
Venture capitalists ...
Thu, August 18, 2011
By Jonathan Stempel
NEW YORK (Reuters) - Facebook Inc has won access to computers, files and emails it hopes will prove an upstate New York ...
Wed, August 17, 2011
By Mike Collett
LONDON (Reuters) - An FA Cup qualifying round tie that would normally attract a crowd of about 90 people could boast a ...
Tue, August 16, 2011
PHILADELPHIA (Reuters) - A man who authorities say was the target of a murder-for-hire plot hatched on Facebook by the mother of his child was ...
Thu, August 11, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook is not the only game in town anymore.
The world's largest Internet social network moved on ...
Tue, August 09, 2011
By Alex Dobuzinskis
LOS ANGELES (Reuters) - Facebook has begun closing the accounts of California prison inmates after a convicted child molester viewed the pages ...
Thu, August 04, 2011
BELFAST (Reuters) - A Facebook page has been shut down after claims it was an attempt to set up police officers in Northern Ireland for ...
Tue, July 26, 2011
LOS ANGELES (Reuters) - Facebook has made it easier for users to opt out of its controversial facial-recognition technology for photographs, an effort to address ...
Sun, July 17, 2011
By Jill Jacobs
NEW YORK (Reuters) - David Beckham took to Facebook on Sunday to introduce to the world his new baby daughter, Harper Seven ...
Wed, July 06, 2011
By Alexei Oreskovic
PALO ALTO, California (Reuters) - Facebook will add Skype video chat to its pages, aiming to spice up the appeal of the ...
Fri, July 01, 2011
By Alistair Barr
SAN FRANCISCO (Reuters) - Facebook Inc is on course to generate $1 billion in revenue this year from social gaming, according to ...
Thu, June 30, 2011
By Kate Holton and Leila Abboud
LONDON/PARIS (Reuters)- While traditional advertising groups jostled for awards at a recent annual industry gathering in Cannes ...
Tue, June 28, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Google Inc is making its boldest move to take on Facebook in the fast-growing social networking market and ...
Mon, June 27, 2011
NEW YORK (Reuters) - Investment fund GSV Capital Corp has taken a small stake in Facebook that values the world's No. 1 social networking ...
Mon, June 27, 2011
LONDON, Jun (Reuters) - Facebook overtook Microsoft websites in Britain for the first time last month, becoming the UK's second-most popular after Google as ...
Mon, June 27, 2011
By Lee Chyen Yee
HONG KONG (Reuters) - Tencent Holdings Ltd, the world's third largest Internet firm, aims to be China's Facebook, Twitter ...
Fri, June 24, 2011
(Reuters) - Olympic rowing twins Cameron and Tyler Winklevoss are pushing ahead with another suit against Facebook, a day after they decided not to appeal ...
Mon, June 20, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Facebook's U.S. advertising revenue will total roughly $2.2 billion in 2011, displacing Yahoo Inc to ...
Sat, June 18, 2011
By Keith Coffman
DENVER (Reuters) - A Colorado mother who told police she was surfing Facebook when her 22-month-old daughter was struck and killed by ...
Fri, June 17, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Connecticut's Attorney General is concerned over Facebook's use of facial recognition technology to identify users and ...
Fri, June 17, 2011
By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Connecticut's Attorney General is deeply concerned over Facebook's use of facial recognition technology to identify users ...
Thu, June 16, 2011
WASHINGTON (Reuters) - Contrary to popular fears that cultivating "Facebook friends" will harm people's ability to make friends offline, research suggests that users of ...
Thu, June 16, 2011
By Michael Holden
LONDON (Reuters) - A juror who contacted a defendant through the Facebook social networking website, causing a multi-million pound trial to collapse ...
Tue, June 14, 2011
By Jonathan Stempel
NEW YORK (Reuters) - It may take the Supreme Court to end a years-long battle between a pair of Olympic rowing twins ...
Tue, June 14, 2011
By Stefano Ambrogi
LONDON, June 14 (Reuters) - A juror accused of contacting a defendant through social networking site Facebook is being prosecuted for contempt ...
Mon, June 13, 2011
NEW YORK (Reuters) - Facebook is preparing to file for an initial public offering as early as October or November that could value the popular ...
Wed, June 08, 2011
By Jonathan Stempel
NEW YORK (Reuters) - It was a takeover attempt that fizzed out.
Two advertising executives who used Facebook and Twitter to find ...
Wed, June 08, 2011
By Alexei Oreskovic and Georgina Prodhan
SAN FRANCISCO/LONDON (Reuters) - Facebook is providing European regulators with information about its use of facial recognition technology ...
Sun, June 05, 2011
HAMBURG (Reuters) - More than 1,600 people showed up to celebrate a German teenager's 16th birthday party after she inadvertently invited the public ...
Fri, May 27, 2011
By Jonathan Stempel
CHICAGO (Reuters) - Google Inc and Facebook Inc failed to win dismissal of a lawsuit by a New York company related to ...
Recent Comments