BUSINESS
May 18, 2012 | Dave Carpenter, AP Personal Finance Writer
Even the hottest initial public stock offerings can lose steam after their first day of trading. Sure, company insiders will make money selling at the opening price. And investors who used connections or big bucks to score shares at the IPO price will profit if they sell after a first-day "pop. " For everyone else, the wildly mixed record of other ballyhooed IPOs beyond their first trading session offers a lesson. It's one that should remind us that buying Facebook stock Friday provides a chance to lose money.
BUSINESS
May 17, 2012 | Anick Jesdanun, AP Technology Writer
Don't try to friend MaLi Arwood on Facebook. You won't find her there. You won't find Thomas Chin, either. Or Kariann Goldschmitt. Or Jake Edelstein. More than 900 million people worldwide check their Facebook accounts at least once a month, but millions more are Facebook holdouts. They say they don't want Facebook. They insist they don't need Facebook. They say they're living life just fine without the long-forgotten acquaintances that the world's largest social network sometimes resurrects.
NEWS
May 22, 2012 | Barbara Ortutay and Pallavi Gogoi, AP Business Writers
Facebook was supposed to soar. Instead, it plunged. After the social network's stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied. The downward spiral has left some people sitting on big losses, and others scratching their heads. After all, nothing fundamental has changed at Facebook in the days since the much-hyped company came to the stock market — Facebook still has more than 900 million users, its 28-year-old founder Mark Zuckerberg controls the company,...
NEWS
May 6, 2012 | Jay Reeves, Associated Press
Relatives and friends of the grandmother and stepmother charged with running a 9-year-old girl to death as a punishment have been defending and attacking the women on Facebook and in at least one case nearly divulging what could be considered evidence. A judge has warned prosecutors and defense lawyers not to discuss the murder case, and so far they have obeyed. But experts say the hundreds of messages posted online since Savannah Hardin died in February show the legal system has yet to catch up with the social media explosion.
BUSINESS
May 16, 2012 | Adam Geller, AP National Writer
When Hollywood set out to tell the story of how Mark Zuckerberg launched Facebook, it enjoyed the flexibility of portraying a man who, despite his social network's worldwide reach, was all but unknown to the public. A year and half later, the movie "The Social Network" and the attention that followed have dispelled much of the mystery surrounding Zuckerberg, sketching out the essentials of his story line. But as Facebook promotes the vision of its 28-year-old CEO as part of this week's first-ever sale of stock to the public, one of the most striking...
BUSINESS
May 20, 2012 | Marcus Wohlsen, Associated Press
Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday. Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, Calif., home, capping a busy week for the couple, according to a guest authorized to speak for the couple. The person spoke only on the condition of anonymity. Zuckerberg took his company public in one of the most anticipated stock offerings in Wall Street history Friday. And Chan graduated from medical school at the University of California, San Francisco, on Monday, the...