Category Archives: Facebook

Facebook news and updates.

Facebook, banks sued over pre-IPO analyst calls

(Reuters) – Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offering. The lawsuit came as Facebook and the banks …

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Facebook shares pummeled again

Facebook shares sank further Tuesday even as US markets pushed higher, as analysts blasted underwriters and the company for getting greedy in the most-awaited IPO in years.

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Facebook shares plunge below IPO price

Facebook shares plunged nearly 11 percent Monday during the stock's first full day of trade as the enthusiasm from a massive public offering for the social network giant turned to skepticism.

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Facebook stock limps into Monday

Facebook resumes trading on Wall Street on Monday with shares being closely watched to see how well they stand on their own after stumbling out of the gate in a historic but lackluster debut.

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Facebook stock up slightly in public debut

Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon.

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Facebook sets richest tech IPO in motion

Facebook on Friday is to make the richest-ever share offering for a technology firm, raking in billions of dollars it could wield to dethrone Google as king of the Internet.

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Facebook feeds hungry IPO investors more shares

With investors hungry for Facebook shares ahead of a hotly anticipated offering, the social network unveiled a 25 percent increase Wednesday in the number of shares to be sold at the market debut.

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Lack of trust in Facebook may hold back ad sales

Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods that make money for it.

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Facebook IPO to bring cash and change

Facebook makes its hotly anticipated stock market debut this week in a history-making move promising wealth for insiders and change for users of the online social network.

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Facebook fervor fierce ahead of IPO

Facebook frenzy is spreading ahead of the company's big-time stock market debut, with anything from Mark Zuckerberg's hoodie to the billion-dollar buy of Instagram sparking controversy.

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