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Facebook faces lawsuit for snooping-on private messages for profit

Last Updated: Friday, January 03, 2014, 19:10

Meanwhile, a Facebook spokesperson said that the allegations are without merit and the company would defend itself vigorously, Cnet reports.

Facebook to make capital investments worth $1.6 bn in 2013

Last Updated: Sunday, July 28, 2013, 13:52

Social networking giant Facebook, whose user base is expanding primarily on the back of rising penetration in emerging markets like India and Brazil, will make capital investments worth USD 1.6 billion this year.

Facebook's net income, revenue grew in first quarter of 2013

Last Updated: Thursday, May 02, 2013, 18:38

Facebook has said its net income and revenue grew in the first quarter of the year, helped by an increase in mobile ad revenue.

Facebook posts loss despite 32 % rise in revenues in Q3

Last Updated: Thursday, October 25, 2012, 18:29

The firm’s shares surged 10 percent on the New York Stock Exchange (NYSE) because of increased revenues from mobile advertising.