NEW YORK (Reuters) – LivingSocial and Foursquare are both fighting for local ad dollars from mom and pop stores, neighborhood restaurants, and even big box retailers as online social media companies set their sights on a largely untapped pool of revenue.

Now because of the rise of social media and smartphones, companies like LivingSocial and Foursquare can target consumers and drive them to storefronts in ways that the Yellow Pages and websites from the past boom like Microsoft’s (MSFT.O: Quote, Profile, Research, Stock Buzz) Sidewalk could not do.

NEW YORK, May 20 (Reuters) – LivingSocial and Foursquare
are both fighting for local ad dollars from mom and pop stores,
neighborhood restaurants, and even big box retailers as online
social media companies set their sights on a largely untapped
pool of revenue.

Now because of the rise of social media and smartphones,
companies like LivingSocial and Foursquare can target consumers
and drive them to storefronts in ways that the Yellow Pages and
websites from the past boom like Microsoft’s (MSFT.O: Quote, Profile, Research, Stock Buzz) Sidewalk
could not do.

SAN FRANCISCO/NEW YORK (Reuters) – Facebook CEO Mark Zuckerberg is planning to make his second visit to China as the world’s No. 1 social networking company looks for the best way to expand into that country.

“Our company mission is really clear, which is we want to connect the whole world,” said Facebook Chief Operating Officer Sheryl Sandberg at the Reuters Global Technology Summit on Thursday. “And it’s impossible to think about connecting the whole world right now without also connecting China.”

SAN FRANCISCO/NEW YORK, May 19 (Reuters) – Facebook CEO
Mark Zuckerberg is planning to make his second visit to China
as the world’s No. 1 social networking company looks for the
best way to expand into that country.

“Our company mission is really clear, which is we want to
connect the whole world,” said Facebook Chief Operating Officer
Sheryl Sandberg at the Reuters Global Technology Summit on
Thursday. “And it’s impossible to think about connecting the
whole world right now without also connecting China.”

SAN FRANCISCO/NEW YORK (Reuters) – Facebook CEO Mark Zuckerberg is planning to make his second visit to China as the world’s No. 1 social networking company looks for the best way to expand into that country.

“Our company mission is really clear, which is we want to connect the whole world,” said Facebook Chief Operating Officer Sheryl Sandberg at the Reuters Global Technology Summit on Thursday. “And it’s impossible to think about connecting the whole world right now without also connecting China.”

SAN FRANCISCO/NEW YORK, May 19 (Reuters) – Facebook CEO
Mark Zuckerberg is planning to make his second visit to China
as the world’s No. 1 social networking company looks for the
best way to expand into that country.

“Our company mission is really clear, which is we want to
connect the whole world,” said Facebook Chief Operating Officer
Sheryl Sandberg at the Reuters Global Technology Summit on
Thursday. “And it’s impossible to think about connecting the
whole world right now without also connecting China.”

NEW YORK (Reuters) – Venture capitalists are wary of the secondary markets that have soared in popularity with investors looking for a piece of action in private companies like Facebook, Twitter and Groupon.

The secondary markets, which enable the exchange of shares in privately held companies, are a black hole because private companies are not required to disclose financial information.

NEW YORK (Reuters) – Mobile, biotech and e-commerce all have one thing in common: they are among the next wave of start-ups that have caught the eye of venture capital.

In the past year, social media companies such as Facebook, Zynga, Groupon and LinkedIn have stolen the limelight as the fastest growing space for venture funds.

NEW YORK (Reuters) – Venture capitalists are wary of the secondary markets that have soared in popularity with investors looking for a piece of action in private companies like Facebook, Twitter and Groupon.

The secondary markets, which enable the exchange of shares in privately held companies, are a black hole because private companies are not required to disclose financial information.

NEW YORK, May 17 (Reuters) – LinkedIn said it expects to
raise 30 percent more than it had forecast in its initial
public offering, in a sign of the strength of investor appetite
for social networking companies.

The company, which operates a website where professionals
connect with one another, now plans to sell shares at $42 to
$45 each, up from a previous range of $32 to $35.