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Mark Zuckerberg, Priscilla Chan pledge $3 billion to cure all diseases Facebook CEO   Mark Zuckerberg   and his wife Priscilla Chan will spend $3 billion over the next ten years on their ambitious goal aimed at helping to eradicate all diseases by the end of this century. The goal is to "work together to cure, prevent or manage all diseases within our children's lifetime," Chan, who is a pediatrician, said during an event in San Francisco for the Chan Zuckerberg Initiative, the couple's philanthropic group. Speaking through tears, Chan recalled telling parents their child had an incurable disease or could not be revived, experiences she said made her even more determined to work with scientists and engineers to build new tools that can save lives by the end of the century. The investments will include creating research tools - from software to hardware to yet-undiscovered techniques - they hope will ultimately lead to scientific breakthroughs, the way the...

Facebook's quarterly profit surges 186% to $2 billion Facebook’s profit leapt 186% from a year ago to $2 billion, as the world's biggest social network blasted past most analyst forecasts for the second quarter. With its global base of monthly active users growing to 1.71 billion,   Facebook   saw a 59% jump in total   revenues   to $6.4 billion, mostly from online advertising. Facebook shares jumped seven percent in after-hours trade on the stronger-than-expected results. "Our community and business had another good quarter," said Facebook founder and chief executive Mark Zuckerberg. "We're particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services." Facebook has been dominating the social media space as well as related   online advertising   as it seeks to diversify into areas such as messaging, virtual reality and other fields. The research firm eMarketer estimates that Fa...

Facebook investors OK new share class to keep Mark Zuckerberg at helm Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer   Mark Zuckerberg   give away his wealth without relinquishing control of the social media company he founded. The company's plan to issue two "Class C" shares for each Class A and Class B share held by shareholders, in what is effectively a 3-for-1 stock split, was approved by   Facebook shareholders at the company's annual general meeting on Monday. The   Class C   shares will be publicly traded under a new symbol. Zuckerberg said in December that he intended to put 99% of his Facebook shares into a new philanthropy project focussing on human potential and equality. The creation of the Class C shares would allow Zuckerberg to sell the non-voting stock, but keep the voting Class A and Class B shares that would let him retain control of Faceboo...

 Facebook wins trademark case in China Facebook has warded off a threat by a Chinese firm to use its famous name for a refreshing beverage after a Beijingcourt ruled in favour of the US social networking giant in a rare   trademark case . The court saidthe local firm had "violated moral principles" with "obvious intention to duplicate and copy from another high-profile trademark", BBC reported. Zhongshan-based Zhujiang Beverage, which sells products like milk-flavored drinks and porridge, said it registered its trademark "face book" in 2011. The company faced objections from Facebook, but gained approval from the Trademark Review and Adjudication Board the country's trademark authority in 2014 to use it. Facebook is blocked in China since 2009 but its founderMark Zuckerberg who is married to a Chinese has recently gone on a charm offensive to access the Chinese market. The court judgement was a reprieve of sorts for the Facebook as Appl...