mark zuckerberg

Facebook Sued by Investors Over IPO

May 23, 2012
Facebook faced more bad news Wednesday in the wake of its botched initial public offering. Shareholders filed a lawsuit against the social networking company, lead underwriter Morgan Stanley and several other Wall Street banks, alleging that they misled them about Facebook's revenue projections ahead of the IPO.
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Mark Zuckerberg Just Lost $2 Billion

May 22, 2012
Mark Zuckerberg’s fortune dropped $2 billion Monday as shares of Facebook tumbled to $34.03, 11 percent below their initial public offering price of $38. The loss prompted analysts and buyers to wonder whether the company was overvalued at the $105 billion it gained on the day of its IPO.

Facebook Gets Ready to Go Public

Feb 2, 2012
Facebook's rise to cyber-domination amounts to the biggest online success story of the 21st century thus far, and on Wednesday the social networking behemoth took it up another notch by filing for what could be the most massive Internet initial public offering ever.

Facebook Gets Spanked by the FTC

Nov 30, 2011
As you may recall, a couple of years ago Facebook was caught making users' personal information public without advance warning, suggesting a cavalier attitude toward the issue of privacy, putting it generously Well, the Federal Trade Commission also treated the social networking giant generously, it turns out (more).