Facebook Stock Falling As Employees Begin Selling Shares
Facebook's stock price fell Wednesday, the day employees were eligible to start selling restricted stock in the company.
Facebook's stock price fell Wednesday, the day employees were eligible to start selling restricted stock in the company.
Facebook shares are posting their biggest single-day gain since going public, jumping 21 percent after the social media company made inroads in mobile advertising and posted accelerating growth in overall ad revenue.
Facebook is reporting a loss for its third quarter, though revenue rose by nearly a third. The results exceeded Wall Street's expectations.
One of the hot new trends these days are social discovery sites and apps which help you meet new people. You might think that sounds like a dating sight, but actually there's a difference.
Troubled Zynga's stock is trading near its lowest level ever Friday after the online game maker behind "FarmVille" forecast a third quarter loss amid weak demand for its Web-based games. It's also taking a hefty charge related to its March acquisition of mobile game company OMGPop.
Facebook has topped 1 billion users, but the past few months have not been easy.
Social networking giant Facebook is teaming up with Dropbox to allow users to share documents, photos and videos with groups.
An off-duty Facebook security guard and another man were arrested for stealing 49 laptop computers at the company's former California headquarters.
Facebook's stock was down sharply after an article in the financial magazine Barron's said it is "still too pricey" despite a sharp decline since its initial public offering.
Google has snapped up the digital photo editing service Snapseed as part of its effort to compete against Facebook's online social network.
Although Google, Facebook, Zynga and many other tech companies have been on hiring sprees lately, at least one executive has questioned how strong Silicon Valley's latest boom cycle really is.
Facebook CEO Mark Zuckerberg is acknowledging his company's falling stock price, but he says Facebook has overcome hurdles before.
In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg "has no intention to conduct any sale transactions... for at least 12 months."
Facebook has confirmed, out of nearly one billion users, 101-year-old Florence Detlor is the oldest registered user of the social networking site.
Facebook co-founder Dustin Moskovitz shed 450,000 shares of Facebook in the past few days for proceeds of about $9 million - a tiny chunk of his total stake.
The U.S. Chemical Safety Board said that despite some criticism, they are cooperating with state officials on investigating the fire at the Chevron refinery in Richmond.
Facebook's beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day.
Facebook's stock fell to $19 for the first time on Friday, meaning it has lost half its market value since the company's initial public offering in May.
Facebook has fixed a problem in which photos that users thought they had deleted were still accessible.
Shares of Facebook plunged to all-time lows after early investors and insiders were allowed to sell their shares Thursday, dimming California's hope for a capital gains windfall that would help balance the state budget.
Facebook is introducing a new status option in which people can show their friends when they're expecting a baby. But the move makes particular sense to advertisers from a marketing standpoint.
How much is your personal privacy worth to you? A new Facebook app uses facial recognition to offer customers discounts at businesses.
Facebook's early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, which will culminate in the fall, when many Facebook employees receive the same right to sell their shares.
National Night Out BBQ in San Jose is an opportunity for for neighbors to connect, but this time around they'll also have an opportunity to check out a new social network specifically designed to connect neighbors.
Southwest Airlines' attempt to thank its Facebook friends with a half-price ticket sale backfired when customers were inadvertently billed multiple times for a single flight -- they're not feeling the "luv."
California is suing a Catholic hospital for denying an emergency abortion to a woman who was miscarrying and sending her instead to another hospital miles away.
Possible planned power outages due to the current heat wave roasting Northern California were called off for customers in Contra Costa, Alameda, Sonoma and Napa counties, PG&E officials confirmed late Tuesday morning.
Record-breaking hot weather was expected to bake the San Francisco Bay Area Tuesday, including coastal areas where people usually seek relief from the heat.
A person died after being struck by a BART train near the Hayward station Monday night, a spokesperson for the transit agency said.
The North Carolina State Climate Office explains how the "monster storm" left unprecedented damage that will likely "take years to document."
California is suing a Catholic hospital for denying an emergency abortion to a woman who was miscarrying and sending her instead to another hospital miles away.
Possible planned power outages due to the current heat wave roasting Northern California were called off for customers in Contra Costa, Alameda, Sonoma and Napa counties, PG&E officials confirmed late Tuesday morning.
Record-breaking hot weather was expected to bake the San Francisco Bay Area Tuesday, including coastal areas where people usually seek relief from the heat.
A person died after being struck by a BART train near the Hayward station Monday night, a spokesperson for the transit agency said.
The North Carolina State Climate Office explains how the "monster storm" left unprecedented damage that will likely "take years to document."
San Francisco Mayor London Breed has withdrawn from the latest forum between candidates, this time from one for the San Francisco League of Women Voters.
It was quite a spectacle at Ocean Beach Monday as the boat at the center of the massive U.S. Coast Guard rescue over the weekend washed ashore.
A matchup with the banged-up, struggling New England Patriots was just what the San Francisco 49ers needed following back-to-back losses on the road.
Thousands of transgender individuals are seeking asylum in the United States, fleeing countries where being themselves can mean persecution or even violence. A Bay Area organization is making it possible for them to find safety and acceptance.
General Motors' Cruise autonomous vehicle division will pay a $1.5 million penalty as part of a consent order after the unit failed to fully report a crash in San Francisco last October involving a pedestrian, National Highway Traffic Safety Administration officials said.
A person died after being struck by a BART train near the Hayward station Monday night, a spokesperson for the transit agency said.
In Vallejo, residents are saying the weekend's sideshows were the biggest - most out of hand - they've ever seen.
Crews in the East Bay have controlled a brush fire burning Monday afternoon in Concord off of Ygnacio Valley Rd. near the Lime Ridge Open Space, authorities said.
A crash on Interstate Highway 680 in Solano County killed at least one person early Monday morning, according to the California Highway Patrol.
One person and a dog died Sunday in a San Leandro apartment complex fire that displaced 12 people.
High up in the Saratoga foothills, Richard Suarez Valdez is finding his future.
A San Jose man has been arrested on felony vandalism charges following a series of shootings with a BB guns targeting businesses and people's cars, police said.
San Jose police are looking for the person who shot and killed a man a man early Friday morning.
At least one was killed in a crash early Monday morning on northbound Interstate Highway 880 in San Jose, according to the California Highway Patrol.
Two women were arrested for alleged human trafficking after police said they found a brothel operating at a home in East San Jose earlier this month.
A project to repair a portion of a wastewater treatment plant in Vallejo is causing a stench, and residents aren't happy with the projected timeline.
A Santa Rosa man was reunited with three of his stolen goats thanks to a tip from a community member.
A proposal to phase out large-scale confined animal farms will be put before voters in a Northern California county.
A special school now completing reconstruction following the deadly Tubbs Fire is being held up by delays from PG&E.
Novato police said a suspect rammed into a storefront to burglarize the business early Saturday morning.
A matchup with the banged-up, struggling New England Patriots was just what the San Francisco 49ers needed following back-to-back losses on the road.
Pete Rose, Major League Baseball's all-time hit leader who was later banned for betting on games, has died.
The WNBA will have its first expansion draft in 16 years in December as the Golden State Valkyries start to fill out their roster.
The San Francisco Giants announced that they have parted ways with Farhan Zaidi and have named three-time World Series champion Buster Posey as president of baseball operations.
Dikembe Mutombo, who was an eight-time NBA All-Star, was diagnosed with a brain tumor in 2022.
In Vallejo, residents are saying the weekend's sideshows were the biggest - most out of hand - they've ever seen.
A Santa Rosa man was reunited with three of his stolen goats thanks to a tip from a community member.
A San Jose man has been arrested on felony vandalism charges following a series of shootings with a BB guns targeting businesses and people's cars, police said.
San Jose police are looking for the person who shot and killed a man a man early Friday morning.
A search is still on for the inmate who authorities say is considered "violent and dangerous" after he escaped from a Northern California jail on Friday morning.
General Motors' Cruise autonomous vehicle division will pay a $1.5 million penalty as part of a consent order after the unit failed to fully report a crash in San Francisco last October involving a pedestrian, National Highway Traffic Safety Administration officials said.
Verizon customers reported their mobile phone service was down in cities across the U.S., giving them only SOS mode.
Gov. Gavin Newsom on Sunday vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models.
Two UC Berkeley alums developed technology to help keep communities safe from wildfires by closely monitoring the physical condition of the electrical grid.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
On Saturday, families came together for the second annual Walk for Alopecia in San Francisco.
Like San Francisco, fentanyl drove a surge in overdose numbers in Vancouver, British Columbia. After implementing progressive drug policies, the Canadian province is signaling a significant change of course.
In the ongoing fight against opioid addiction, Gov. Gavin Newson has signed a bill aimed at expanding access to methadone treatment in California.
Gov. Gavin Newsom signs law prompted by a decade-long CBS News California investigation into California's newborn genetic biobank.
Hundreds of people stood side by side at Portsmouth Square in Chinatown on Wednesday to advocate for a $390 million public health bond on the November ballot.
California is suing a Catholic hospital for denying an emergency abortion to a woman who was miscarrying and sending her instead to another hospital miles away.
Vice presidential candidates Gov. Tim Walz and Sen. JD Vance are poised to go head-to-head tonight at their first and only debate, hosted by CBS News.
Former President Jimmy Carter has defied the odds in hospice care and reached his 100th birthday.
San Francisco Mayor London Breed has withdrawn from the latest forum between candidates, this time from one for the San Francisco League of Women Voters.
The ruling means abortions in Georgia will be permitted to take place up to around 22 weeks, instead of a much earlier limit.
Thousands of transgender individuals are seeking asylum in the United States, fleeing countries where being themselves can mean persecution or even violence. A Bay Area organization is making it possible for them to find safety and acceptance.
This Sunday, downtown Oakland will come alive with color, music, and celebration as big crowds gather for the 14th Annual Oakland Pride Parade and Festival.
The Riot Party held at Kapwa Gardens was a powerful reminder of the progress made in the fight for LGBTQ rights and the work that remains.
Oakland native Shay Franco-Clausen arrived at the Democratic National Convention hoping to witness history with fellow Oakland native Kamala Harris officially accepting the party’s nomination to run for President. Ryan Yamamoto reports.
In the heart of San Francisco's Tenderloin neighborhood, one figure stands out as a beacon of resilience and a living testament to the community's transformation.
Prolific songwriter and guitarist Jack White on Monday announced he's bringing his unorthodox pop-up tour to the Bay Area this week for a pair of shows in Petaluma and San Francisco.
There are five new stadium dates for next summer in Toronto, Chicago, New Jersey, Los Angeles and Mexico City.
Part of what makes L.A. unique is its abundance of historic theaters, salvaged or resurrected in recent years by those with ties to the film industry.
Kris Kristofferson, a songwriter who became a country star and A-list actor, died at his home on Maui surrounded by family on Saturday, a spokesperson said in an statement.
Throughout his 50-year career in show business, John Ashton appeared in nearly 100 movies.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Jessica Burch reports on the Excessive Heat Warning affecting most of the Bay Area Tuesday.
Kelsi Thorud reports on a stench coming from a wastewater treatment plant in Vallejo. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Kara St. Cyr reports on plans for the Humboldt Bank Building in San Francisco. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
John Ramos reports on what Vallejo residents are asking for as the city's sideshow problem becomes more drastic. (9/30/2024)
Lauren Toms reports on the San Francisco mayoral race. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
A beloved 88-year-old volunteer shows there's power in reading to children and her giving ways are an example for all ages.
At her home in San Jose, 91-year-old Terry Asquith looks back at how she's given the gift of life to at-risk babies. 50 years ago, she founded the nation's oldest nonprofit milk bank, Mothers' Milk Bank.
The only therapeutic pool of its kind on the Peninsula is back open again, thanks in large part to one local woman who dived in to save it.
A local shop owner who some call the Mayor of the Broadway business district in Burlingame has long been the go-to person when area merchants have a problem.
Swimming lessons are not simply a summer activity but a weekly highlight for differently-abled children in a popular aquatic program that has lasted for more than three decades.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.