Facebook has agreed to acquire Mobile Technologies, a firm specializing in voice translation software, the two companies said, without providing financial details of the transaction.
Zynga is poised to harvest some cold hard cash in its initial public offering. Who knew that selling virtual cows and digital corn on Facebook would create a $7 billion company?
Facebook shareholders on Tuesday grilled leaders of the social network regarding how they planned to revive the company's stock and protect user privacy from snoops including US spy agencies.
Twitter on Wednesday made it easier to run ad campaigns using tweeted messages in a move that promised to ramp up the company's money-making potential and prospects for a stock market debut.
Facebook's chief operating officer was in New York on Monday working to bolster investor confidence with assurances that the social network was intent on making money.
The horrendous stock market debut for Facebook suggests investors are not ready to jump in and create another tech bubble despite big expectations for social media, analysts say.
The professional social media group LinkedIn reported better-than-expected results Thursday, giving some relief to a sector battered by disappointments from Facebook and others.
Online US daily deals firm Groupon said Monday it had acquired the restaurant reservation company Savored for undisclosed terms.
After a dire stock market debut, Facebook has clawed back a large chunk of its losses as investors look past the flubbed initial public offering and gradually warm to the leading social network.
Facebook founder Mark Zuckerberg said the social network giant is focused on mobile devices and should be seen as a smart bet despite a "disappointing" stock market debut.