Catastrophe for Facebook, Wall Street, Investors: SEC and FINRA Plan Investigation of Facebook IPO
The Financial Industry Regulatory Authority's chairman told Reuters today that regulators plan to review allegations that underwriter Morgan Stanley shared negative news before Facebook's hotly anticipared initial public offering last week with institutional investors.
read more'Facebook is Down' Now Has New Meaning
With Facebook’s hotly anticipated IPO over, let’s slow down to digest everything.
Day Three: Facebook Sinks Another 4%
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Facebook's IPO on Friday was the largest in the history of technology. The social network raised a staggering $12 billion, valuing the company at well over $100 billion. But after peaking more than 10% above its share price, the stock fell back to its debut price of $38.
On day two, the stock plunged deep into the red. Bleeding panicked sells like crazy, the share price of FB plummeted 12% to less than $34, sinking the company's valuation to barely $90 billion.
read moreFacebook’s Users are Mobile Friendly, but Facebook Mobile Isn’t User Friendly
A recently published report by comScore stated that the number of Facebook users accessing their site via mobile is outpacing those using a browser. So why hasn’t Facebook invested more in developing their mobile platform to rival that of the browser?
In Facebook’s IPO registration, they claimed to have 901 million active monthly users. That’s 90% of the total number of people using social media services according to a recent report published by the International Telecommunications Union (ITU) which set the number of social media users at just over one billion. The ITU report also stated that an increasing number of users are accessing social media services via mobile.
read moreWatch Out for This Facebook IPO Scam Floating Around Today
Facebook's IPO today was the largest in the history of technology companies. The social network raised $12 billion and is now valued at well over $100 billion, making founder and CEO Mark Zuckerberg one of the wealthiest humans in the world. So it's not surprising to learn that at least one IPO-related scam is making rounds today.
Symanetic has spotted a classic 419 scam—one of the oldest phishing tricks in the book, but one that still manages to catch the gullible off guard. These scams typically promise big money in exchange for assistance but require up-front charges and fees to be paid in advance. From Symantec's blog, here is some info on this latest Facebook scam:
read moreFB Goes Public: Watch Facebook Billionaire Mark Zuckerberg Ring Nasdaq's Opening Bell [Video]

Today, social network Facebook went public for $38 per share at a total valuation of $104 billion. Founder, CEO, and now multi-billionaire Mark Zuckerberg rang the opening bell for the Nasdaq from his company's headquarters in Menlo Park, California, this morning. Naturally, he was wearing his signature hoodie.
Facebook is selling 421,233,615 shares of common stock to raise $12 billion in capital. This is the largest technology IPO in history. Under the ticker symbol "FB," Facebook shares are currently up over 5% to more than $40, pushing the company's valuation to $110 billion.
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