Posts Tagged ‘Facebook’

Facebook denies building smartphone

Facebook has denied several reports that it is developing a smartphone, in a move which would up the competition between itself and major rivals, Google and Apple.

Reports yesterday alleged that Facebook is developing smartphone software, according to a “source with knowledge of the project”.

Yesterday TechCrunch, a technology specialist site, ran a saying the company was developing mobile phone software, citing a “source with knowledge of the project”.

Technology blog Techcrunch reported: “Facebook is building a mobile phone, says a source who has knowledge of the project. Or rather, they’re building the software for the phone and working with a third party to actually build the hardware. Which is exactly what Apple and everyone else does, too…”

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Microsoft co-founder Paul Allen sues Google, Apple, Facebook, eight others over patents

Billionaire Paul Allen, the co-founder of Microsoft, has sued 11 major Web-based companies, including Apple, Google, Facebook, Yahoo, YouTube and eBay, alleging they infringed internet patents he owns.

AOL, Netflix, Office Depot, OfficeMax, and Staples are the other companies accused of violating four patents said cover fundamental web technologies first developed at Interval Research in the 1990s.

The suit has been brought by Interval Licensing, which is controlled by Mr Allen.

It owns the patents of Interval Reserach, a defunct computer science and communications research company founded by Mr Allen and David Liddle in 1992.
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Facebook now ‘worth $33 billion’

Facebook is now worth as much as $33.7 billion, after investors have paid up to $76 for a share in the company ahead of its much-hyped flotation on the stock market, according to a report.

The Financial Times has said that the implied valuation means that Facebook is now has a higher valuation than technology giants such as eBay and Yahoo!, which have capped market values of $30.1 billion and $18.3 billion respectively.

David Gelles, a reporter for The Financial Times wrote: “Common stock in Facebook is trading as high as $76 a share as investors scramble to get a piece of the company before it files for an initial public offering, which analysts say could be the biggest technology IPO since Google’s $1.67bn flotation in 2004.

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Facebook Places ‘boring’ says Foursquare chief

Dennis Crowley, the co-founder of Foursquare, a location-based social network, has called Places, Facebook’s new check-in tool, “boring” and “unexciting”.

Crowley, said he had now had time to play around with Facebook’s new location tool, which directly rivals his own product by allowing people to share their location with their network, through checking into bars, clubs and restaurants on their mobile phone.

He said: “I have now had a chance to play around with Facebook Places and it’s not that great or interesting. It’s a pretty boring service, with barely any incentives for users to keep coming back and telling their friends where they are.

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Facebook Places: social network adds location check-ins

Facebook has launched Facebook Places, a new tool which allows its members to automatically share their location with each other. 

The social network, which has over 500 million members, has launched the new mobile phone tool in the US-only, with plans for a global roll-out “soon”, according to the Facebook’s blog post. It is not yet known when the service, which allows users to check-in to restaurants, bars and shops, will launch in the UK. It is currently live via the Facebook iPhone app in the US and on an advanced version of its mobile site.

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