category facebook v3.png

Watch 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 more

FB 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.

read more

Toronto's Ganz Expands Webkinz World to Facebook

Woodbridge-based toy and gaming company Ganz, best known for Webkinz World, has introduced a "game-changing innovation in family-friendly virtual fun." Ganz has launched Webkinz Friends on Facebook, a teen-targeted version of the interactive online game. Similar to the original game, Webkinz Friends has integrated more social features, taking advantage of the Facebook platform. 

read more

Facebook Launches App Center, a New Destination for Social Apps

Facebook has launched what it calls the App Center, a "new place for people to find social apps." Obviously similar to mobile stores like Apple's App Store or Google's Play store, the App Center will aggregate canvas, mobile, and web apps on Facebook.

The social network says that, in the "coming weeks," people will be able to access the App Center on the web and in the iOS and Android Facebook apps.

Facebook hopes that the App Center will become the "central place to find great apps." They're currently encouraging all developers to create an app detail page, which is required for being listed in the App Center, and will become the new destination when non-users search for your app on Facebook.

Watch the Facebook IPO Roadshow

Want to learn about Facebook straight from its top executives, including founder Mark Zuckerberg? See the hard statistics, get a feel for the social network's vision of the future? Then we recommend watching the company's half-hour IPO roadshow video.

Facebook, as you well know, is going public this month. It's valued at close to $100 billion despite only about $4 billion in annual revenue and slowing growth. However, it does have one in eight people in the world visiting the site regularly - a pretty breathtaking feat. Would you buy shares in Facebook after watching their video pitch?

What's in a Suit? Analyst Says Mark Zuckerberg's Hoodie Proves He's an Immature CEO

Infamously dubbed the worst-dressed man in Silicon Valley, 27-year-old multi-billionaire Mark Zuckerberg favours cheap hoodies over top plain tee shirts and jeans with sneakers. Many say his choice of attire represents a lot more than mere fashion.

Wedbush Securities analyst Michael Pachter says that Mark's signature hoodie is "a mark of immaturity." Michael describes the Facebook founder as a "genius" but questions whether the stubborn CEO will be able to run a public corporation and answer to shareholders.

read more