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Facebook plans to raise $10.6 billion in mega IPO

SAN FRANCISCO - Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's.

Recent Technology News

Dolby signs pact with Microsoft; shares jump

- Audio technology licensor Dolby Labs Inc signed an agreement with Microsoft for the use of its products in the Windows 8 operating system, and posted a second-quarter profit that topped analysts' estimates.

03 May 2012

Judge says Google's Android lost money in 2010

SAN FRANCISCO - Google Inc's Android mobile platform resulted in a net loss for the company in every quarter of 2010, despite generating roughly $97.7 million in revenue for the first quarter of that year, a U.S. judge said in court.

12:33am BST

In a Samsung Galaxy far, far away ... will Android still rule?

- Samsung Electronics is the world's largest smartphone manufacturer and biggest user of Google's Android operating system.

03 May 2012

Texas Instruments not giving up on OMAP chip biz

NEW YORK - The chief executive of Texas Instruments told investors that the company's wireless application chip business would be increasingly important for the chip maker, which is currently shuttering another wireless chip business.

03 May 2012

Samsung unwraps latest Galaxy rival to iPhone

LONDON/HELSINKI - Samsung Electronics unveiled a new top-of-the-range Galaxy smartphone in London on Thursday, updating the most direct rival to Apple's iPhone with a larger touch screen and more powerful processor.

12:30am BST
Photo

Facebook plans to raise $10.6 billion in mega IPO

SAN FRANCISCO - Facebook Inc aims to raise about $10.6 billion (6.5 billion pounds) in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's. | Video

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