Facebook roundup: IPO, Caffeinated Mind, hackathon, politicians


By Sara Inés Calderón Comment

Facebook seeks larger credit line, adds more banks for IPO – Reuters reports that Facebook is set to increase its $2.5 billion credit line ahead of the financial blow the company will suffer after employee stock awards vest. As such, it has hired Deutsche Bank, Credit Suisse Group and Citigroup to assist on its IPO, according to Bloomberg.

Facebook acquires Caffeinated Mind team – Facebook acquired the team behind Caffeinated Mind, according to a report from VentureBeat. The startup revolved around fast in-browser file transfers, as well as big data transfers.

Facebook partners with AT&T for hackathon – Facebook announced the AT&T Mobile Hackathon will be held May 4 in Palo Alto, Calif. Developers are invited to build mobile social apps for the chance to win a $20,000 prize.

Politicians switch to Timeline – President Barack Obama and at least 26 U.S. members of Congress switched their Facebook pages to the new Timeline format,  including key dates in their personal and political lives. Obama even included a photo of his birth certificate. AllFacebook.com has links to the pages here.