Facebook's chief operating officer was in New York on Monday working to bolster investor confidence with assurances that the social network was intent on making money.
Online US daily deals firm Groupon said Monday it had acquired the restaurant reservation company Savored for undisclosed terms.
Facebook founder Mark Zuckerberg said the social network giant is focused on mobile devices and should be seen as a smart bet despite a "disappointing" stock market debut.
Facebook stock hit a new low on Tuesday, with the world's leading social network having lost more than $50 billion dollars in market value since it became a publicly traded company in May.
The professional social media group LinkedIn reported better-than-expected results Thursday, giving some relief to a sector battered by disappointments from Facebook and others.
After a dire stock market debut, Facebook has clawed back a large chunk of its losses as investors look past the flubbed initial public offering and gradually warm to the leading social network.
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.
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.
(AP) -- It's Facebook's big day. The site, which was born in a dorm room eight years ago and has grown into a worldwide network of almost a billion people, is making the most talked-about stock market debut in years.
(AP) -- As its workers celebrated with hot chocolate and cinnamon buns, Zynga saw its stock dinged on its first day of trading Friday - an unexpected turn of events for a closely watched public debut seen as a precursor ...