zuckerberg

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By Yasmeen Abutaleb and Dustin Volz WASHINGTON (Reuters) – As Facebook Inc Chief Executive Mark Zuckerberg prepares to meet conservative leaders on Wednesday to discuss allegations about political bias at the social media website, one thing he may not have to worry about is federal regulation. Although the U.S. Senate committee is investigating whether there is liberal bias in how Facebook employees select news stories for its “trending topics,” there is little chance the government will try to regulate their practices, said Republican Senator John Thune, chairman of the Senate Commerce Committee. “I don't have any reason to believe that would be necessary,” Thune told reporters on Tuesday.

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SAN FRANCISCO (Reuters) – A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move a “patent attempt” to entrench chief executive Mark Zuckerberg as controlling shareholder.

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Facebook Inc's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. Facebook also announced it will create a new class of non-voting shares in a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media juggernaut he founded. The company plans to create a new class of non-voting shares, which would be given as a dividend to existing shareholders.

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By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Facebook users took to the social media site on Wednesday to react to the company's decision to test what Facebook Inc Chief Executive Officer Mark Zuckerberg called a “dislike button” – and not everyone liked the idea. In a town hall-style question and answer session Tuesday, Zuckerberg took questions from users about topics ranging from virtual reality to his wife's pregnancy. While some said they would use Facebook more if the button were introduced, others said it would lead to cyberbullying and more negativity on the site.

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NEW YORK (Reuters) – A federal appeals court on Friday said Facebook Inc officials including Chief Executive Mark Zuckerberg cannot be sued by shareholders who said the social media company concealed threats to its growth prospects before its May 2012 initial public offering.