Citigroup Inc. began asking Facebook Inc. users a provocative question over the weekend. The third- biggest U.S. bank wants to know whether Web surfers would be willing to use the social-networking service to do banking.
Jive Software Inc., planning to sell shares to the public as soon as this year, is wagering that it can outpace Salesforce.com Inc. and Lithium Technologies Inc. in luring companies to set up social networks.
Twitter Inc. expects to generate at least $1 billion in sales in 2014, two people with knowledge of the matter said, indicating that the blogging service will grow about twice as fast as some analysts now predict.
Facebook Inc. received a $500 million investment from Goldman Sachs Group Inc . and Russia’s Digital Sky Technologies that values the social-networking company at $50 billion, according to three people familiar with the matter.
When Philz Coffee Inc. offered half- price $20 gift cards to users of the Groupon coupon site, the San Francisco-based chain of coffee shops figured it would get a few hundred takers. It got more than 2,000.
Facebook Inc.’s $11.8 billion initial public offering will cement the status of 27-year-old Mark Zuckerberg as one of the world’s richest men and put his social network among the highest-valued companies in the U.S.
Entrepreneur Michael Lazerow parlayed booming demand for advertising on Facebook Inc. -- and reassurances from its operating chief, Sheryl Sandberg -- into a business that generates almost $100 million a year in sales.