News tagged with facebook
Mobile Internet to shine despite dim Facebook IPO
Silicon Valley stars on Wednesday argued that the mobile-focused Internet startups will shine despite the dim stock market debut by leading social network Facebook.
6 hours ago |
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Facebook underwriter Morgan Stanley defends IPO
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.
6 hours ago |
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Facebook launches Mideast office in Dubai
(AP) Facebook Inc. launched its first office in the Arab world Wednesday, aiming to drum up new advertising business from Dubai as investors fret over its struggling share price.
19 hours ago |
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Facebook's stock falls below $30 for first time
(AP) Facebook's stock has fallen below $30 for the first time since its much-awaited public debut this month.
May 29, 2012 |
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Facebook smartphone could come by next year: report
Facebook hopes to release its own smartphone by next year, as the newly public social networking giant looks to boost its revenue in the mobile Internet market, the New York Times reported Monday.
Electronics / Consumer & Gadgets
May 28, 2012 |
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Facebook ads less than lucrative for many businesses
As the public joined the frenzy around Facebook Inc.'s Wall Street debut, well-connected institutional investors were hearing a more sobering message: The social network's main business, advertising, was sputtering.
May 28, 2012 |
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Facebook deflates any thought of new tech bubble
The horrendous stock market debut for Facebook suggests investors are not ready to jump in and create another tech bubble despite big expectations for social media, analysts say.
May 28, 2012 |
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Facebook IPO debacle raises investor dander
The spate of complaints and investigations over the Facebook stock offering suggests big institutions had an edge over small investors, raising questions about the process.
May 25, 2012 |
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Morgan Stanley may refund some Facebook investors
(AP) -- Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar ...
May 24, 2012 |
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Nasdaq caused $35 mn loss in Facebook IPO: broker
A New York broker has asked Nasdaq to compensate it for up to $35 million in losses on the Facebook initial public offering due to the market's computer problems on the first day of trade.
May 24, 2012 |
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Facebook launches iPhone camera app (Update)
Facebook released a "camera" application Thursday that lets people take Instagram-style pictures that can be shared with iPhones.
May 24, 2012 |
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Internet voting still faces hurdles in US
Shop online. Bank online. Why not vote online?
May 24, 2012 |
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Facebook shares stabilizing, but probes mount (Update 2)
(AP) -- Facebook's initial public offering is the subject of two congressional inquiries and mounting lawsuits as the social network enters its fifth day of public trading on Thursday.
May 23, 2012 |
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Lawsuits pile up over Facebook flotation
Facebook and its underwriters came under broad legal attack Wednesday as lawyers and investors filed lawsuits over Facebook's controversy-marred initial public offering.
May 23, 2012 |
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Regulators probe bank's role in Facebook IPO
(AP) -- Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative ...
May 23, 2012 |
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Facebook is a social networking website that is operated and privately owned by Facebook, Inc. Users can join networks organized by city, workplace, school, and region. People can also add friends and send them messages, and update their personal profiles to notify friends about themselves. The website's name stems from the colloquial name of a book given to incoming students at Zuckerberg's high school alma mater, Phillips Exeter Academy. The book shows the faces and names of the school's students and faculty.
Mark Zuckerberg founded Facebook with fellow computer science major students and his roommates Dustin Moskovitz and Chris Hughes while he was a student at Harvard University. Website membership was initially limited to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League, and Stanford University. It later expanded further to include any university student, then high school students, and, finally, to anyone aged 13 and over. The website currently has more than 250 million active users worldwide.
Facebook has met with some controversy over the past few years. It has been blocked intermittently in several countries including Syria, China and Iran, although Iran later unblocked Facebook in 2009. It has also been banned at many places of work to discourage employees from wasting time using the service. Privacy has also been an issue, and it has been compromised several times. Facebook is also facing several lawsuits from a number of Zuckerberg's former classmates, who claim that Facebook had stolen their source code and other intellectual property.
A February 2009 Compete.com study has ranked Facebook as the most used social network by worldwide monthly active users, followed by MySpace.
For more information about Facebook, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.