Facebook shares slid below $29 to a new low as nervous investors fled the company's shares, concerned about the social network's long-term growth prospects and an initial offering price that in retrospect may have been too rich.
Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.
Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan at the weekend, announcing the nuptials through a status update on the social networking site.
For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise.
The Facebook share price is expected to be volatile over the next few days, although new rules implemented by the United States Financial Industry Regulation Authority will help control the fluctuation, Forsyth Barr broker Haley Van Leeuwen says.
The Privacy Commissioner is concerned at reports that employers are seeking access to job applicants' Facebook pages, and has fears that the overseas trend of making it a requirement for employment will catch on in New Zealand.
Facebook Inc CEO Mark Zuckerberg has fielded questions about the No. 1 social network's slowing revenue growth and its $1 billion purchase of Instagram as he kicked off a cross-country roadshow to promote the company's $10 billion initial public offering.
A Facebook tip-off has been credited with helping catch a 25-year-old driver who allegedly fled police after crashing into another car in Otorohanga.
Facebook plans to raise as much as $US12 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon's.
Facebook caused a considerable amount of comment yesterday with its $US1 billion ($NZ1.2 billion) purchase in cash and stock for Instagram, a photo-sharing application.
Yahoo is suing Facebook over patents, just weeks before the social-networking heavyweight is due to cash in with its initial public offering of stock.
A British student who hacked into Facebook's internal network risking "disastrous" consequences for the website has been jailed for eight months in what prosecutors described as the most serious case of its kind they had seen.
Although, technically speaking, Lucille Ball, Desi Arnaz, Vivian Vance and William Frawley never left small screens thanks to 60 years of "I Love Lucy," in TV reruns, the gang is back for their first interactive adventure in "Retro World."
When it comes to China, Facebook should consider itself forewarned.
Facebook unveiled what is expected to be Silicon Valley's largest initial public offering, but made it clear to outside investors they will have little voice in its running, as founder and chief executive Mark Zuckerberg will continue to exercise almost complete control.
Facebook has agreed to improve its privacy policy for hundreds of millions of users after a three-month investigation by Irish authorities at the U.S. group's international headquarters in Dublin.
Facebook wants to grow more heart. The social media giant copes with a flood of complaints about objectionable photos, bullying, hateful comments and other postings.
Scientists have found a direct link between the number of "friends" a person has on Facebook and the size of certain brain regions, raising the possibility that using online social networks might change our brains.
Facebook has delivered an entirely new profile design, called Timeline; a few new verbs to go with the Like button, such as read, listen, watch, run and cook; and a few numbers as well -- among them 800 million.
Maybe it's time for Facebook to finally roll out that "dislike" button.
