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NEWS
May 14, 2012 | Milton J. Valencia
In the state's first decision involving juries and social media, the Massachusetts Appeals Court has called on judges to better police jurors' use of the Internet to make sure they do not discuss cases online, and thus risk a mistrial. The court said judges need to do more to explain to jurors that refraining from conversations about a case also means not posting anything about it on Facebook or Twitter, common practice in today's technology-driven world. "Jurors must separate and insulate their jury service from their digital lives," the court said in a ruling involving a Plymouth Superior Court...
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BUSINESS
May 25, 2012 | The Associated Press
Facebook Inc. began trading publicly last Friday following one of the most anticipated stock offerings in history. The initial public offering of stock priced at $38 a day earlier. That was at the top of a projected range that Facebook had already boosted just days earlier. Although many investors had hoped for a big first-day pop, Facebook's stock opened last Friday at $42.05 and fluctuated between $45 and $38 throughout the day. It closed barely above its IPO price, at $38.23.
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NEWS
May 15, 2012 | Ronald Agrella, Globe Staff
With Facebook's upcoming initial public offering, some Facebook fans and potential investors are looking to get into the action without plunking down some significant cash, according to a blog post on Latimes.com . Some would-be investors are turning to services that allow them to buy a single share of stock. These services, which include websites such as GiveAShare , OneShare and FrameAStock offer their customers the option to buy one share above the selling price, according to the story.
BUSINESS
May 25, 2012
SAN FRANCISCO — Ryan Cefalu, who lives with his wife and two children in Baton Rouge, La., saw in Facebook Inc.'s much-anticipated initial public offering a chance to buffer his retirement fund. His expectations fizzled along with the stock within the first minutes of trading. "It's disheartening to know that things get over-hyped," Cefalu, a 34-year-old data-systems manager who spent about $4,000 on the stock, said in an interview. "That's about a 12th of my annual income — so a month's salary.
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...
NEWS
May 25, 2012 | Matt Rocheleau, Globe Staff
(Isabel Leon / City of Boston) Third grade student Shomaury Joseph of the South End helps principal Mary Driscoll, Mayor Thomas M. Menino and Myrna Johnson of the Schoolyard Initiative cut the ribbon to open up a new outdoor classroom at the Thomas Edison K-8 School. For more on the project, click here . -- For the latest Allston-Brighton updates: Follow @YourAllstonBri on Twitter, here . And connect via Facebook by clicking the "Like" button on the top right hand corner of the Allston-Brighton homepage, here .
BUSINESS
May 24, 2012 | Barbara Ortutay, AP Technology Writer
Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter. The person said the firm is reviewing orders its retail clients placed for Facebook stock, and will make price adjustments if the clients paid too much. The person spoke on condition of anonymity because they were not authorized to discuss the matter publicly.
BUSINESS
May 24, 2012 | Barbara Ortutay, AP Technology Writer
Facebook's initial public offering is the subject of two congressional inquiries and mounting lawsuits as the social network enters its fifth day of public trading. The shares regained some ground Wednesday, rising $1, or 3.2 percent, to close at $32. They were up another 50 cents, or 1.6 percent, to $32.50 in early premarket trading Thursday. But they are still more than 14 percent below their $38 per share IPO price last week. The stock's rocky inaugural trading day last Friday was followed by a two-day decline.
BUSINESS
May 24, 2012 | Beth Healy, Globe Staff
The uproar over the handling of Facebook Inc.'s stock launch grew louder Wednesday as lawyers representing investors sued Morgan Stanley and other major Wall Street firms involved in the deal, as well as the Nasdaq Stock Market and Facebook executives. The flurry of lawsuits and regulatory scrutiny of the highly anticipated initial public offering seemed to come almost on cue after the social networking company's stock price slumped after it began trading on Friday. "It was so overly hyped.
BUSINESS
May 24, 2012 | Beth Healy
The uproar over the handling of Facebook Inc.'s stock launch grew louder Wednesday as lawyers representing investors sued Morgan Stanley and other major Wall Street firms involved in the deal, as well as the Nasdaq Stock Market and Facebook executives. The flurry of lawsuits and regulatory scrutiny of the highly anticipated initial public offering seemed to come almost on cue after the social networking company's stock price slumped after it began trading on Friday. "It was so overly hyped.
BUSINESS
May 24, 2012 | Mark Jewell, AP Personal Finance Writer
Invest for the long term and keep daily news in perspective. It's easy to get sucked into a negative mindset, with troubles at Facebook and JPMorgan Chase in the headlines. The social network's botched IPO and the bank's recent $2 billion trading loss hardly instill confidence in the stock market. Yet they're likely to be short-term distractions for the vast majority of investors. Often, it's easy to miss news that may have a significant impact on long-term investment returns, but doesn't grab attention like the stories dominating the 24-hour news cycle.
BUSINESS
May 15, 2012 | Barbara Ortutay, AP Technology Writer
Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger. The world's largest online social network on Tuesday increased the planned price range for its stock to $34 to $38 per share in a filing with the Securities and Exchange Commission. That's up from its previous range of $28 to $35. At the upper limit of $38, the sale would raise about $12.8 billion. The move, which values Facebook as high as $104 billion, comes amid growing investor excitement about the offering.
BUSINESS
May 20, 2012 | The Associated Press
EDITOR'S NOTE — Facebook began selling stock to the public Friday in the most talked-about market debut in years. The stock closed 23 cents above its initial offering price, at $38.23. Two Associated Press business writers debate whether the stock is a smart buy. PRESS THE 'LIKE' BUTTON, SOON By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO — I doubted Mark Zuckerberg when I met him more than five years ago, shortly after he rebuffed several chances to sell Facebook for what was a fortune even then.
BUSINESS
May 24, 2012 | Barbara Ortutay, AP Technology Writer
Facebook's rocky initial public offering hasn't stopped life at the world's biggest online social network. On Thursday, the company unveiled a camera app for the iPhone. The app can be downloaded from Apple's App Store and works like most other camera applications for smart phones. To take a photo, you tap a camera icon in the upper left corner of your screen, aim and shoot. You can then add filters, crop or tilt your photo, and share it on Facebook. The new app is similar to Instagram, the photo-sharing app Facebook is in the process of buying for $1 billion.
BUSINESS
May 24, 2012
NEW YORK — Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter. The person said the firm is reviewing orders its retail clients placed for Facebook stock, and will make price adjustments if the clients paid too much. The person spoke on condition of anonymity because they were not authorized to discuss the matter publicly.
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