The San Francisco transit strike, which is forcing hundreds of thousands of commuters to stay at home or brave clogged roads, is turning into a boon for the on- demand ride industry rooted in the Bay Area’s startup scene.
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.
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.
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.
Facebook Inc., the world’s largest social network, is planning acquisitions that will improve site design, keep its service reliable and advance mobile features to stave off competition from Google Inc. and Twitter Inc.