A report of IDC shows that Vietnamese enterprises in the digital communication industry are facing tough competition from foreign companies. For social networking, domestic websites such as Yume, tamtay and Zingme hold a 30% market share. Meanwhile, five foreign social networks such as Facebook, Twitter, Linkedin, Flicks and Youtube hold a dominant market share of a staggering 70%. Regarding online... 

The chief executive of Morgan Stanley on Wednesday defended his company’s lead role in the disastrous IPO of Facebook, which has lost investors billions of dollars. James Gorman told an internal staff meeting that the bank had worked “100 per cent within the rules” in heading the $16 billion stock issue, according to a person who was at the meeting. The source said Gorman also condemned... 

Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicised stock offering last week, selectively informed clients of an analyst’s negative report about the company before the stock started trading. Rick Ketchum, the head of the Financial Industry Regulatory Authority, the self-policing body for the securities industry, said Tuesday... 

US shares racked up strong gains Monday with the Nasdaq adding nearly 2.5 percent helped by an Apple surge, but Facebook shares flipped below their IPO price on their first full day of trading. Jumps in the prices of the Nasdaq’s two largest companies — Apple and Google — drove the composite index higher. But trade was heaviest by far in Facebook, the Nasdaq’s newest member... 

Facebook on Thursday set in motion the richest-ever share offering for a technology firm, raising $16 billion in an operation valuing the world’s biggest social network at $104 billion. Facebook stock, priced at $38 per share, the top end of its estimate, was to begin trading Friday under the symbol “FB” on the Nasdaq, the company said in a statement. The announcement comes amid keen... 

Vietnam had the right to levy taxes on all transactions involving sales made in the country, including online advertising services provided by Google and Facebook, said deputy director of the Ministry of Finance’s Tax Policy Department Nguyen Van Phung at a conference yesterday in Ha Noi. Phung told the conference titled “Tax issues in cross-border e-commerce” that foreign enterprises... 

Under the current Vietnamese laws, the companies like Google and Facebook have to pay tax for the income gained from the business activities in Vietnam, said Nguyen Van Phung, Deputy Director of the Tax Policy Department of the Ministry of Finance (MOF). Facebook’s, Google’s agents suspected of evading tax in Vietnam Whether the social networks such as Google and Facebook have to pay tax... 

Social networking titan Facebook filed to go public, seeking to raise $5 billion in the largest flotation ever by an Internet company on Wall Street. The paperwork for the initial public offering provided the first glimpse of the financial details of the Web giant launched eight years ago by Mark Zuckerberg from his Harvard University dorm room when he was just 19. Zuckerberg, in a letter to investors,... 

Local social network providers are seeking a way out of the profit problem so as to survive the harsh competition with foreign social networks like Facebook, LinkinEd, Cyworld or MySpace in the local internet content market. The social network site Zing Me said it is investing in e-commerce service to create more advantages. A social commerce project has been deployed to facilitate individual and... 

Online groups startup Fridge said it has been bought by Google and will become part of the Internet giant’s freshly-launched social network. New York city-based Fridge is closing and its small number of staff will become part of the Google+ team, the startup said in a post on its website. “We look forward to continuing the vision of creating fresh and exciting social group experiences...