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Facebook shares end first trading day at $38.23

Facebook shares ended their first day of trading at $38.23, barely above the company's initial pricing of $38. Shares in the social network rose more than 10% to $42 within minutes of trade beginning, before quickly falling back. Later gains were wiped out too at the end of a volatile day's trade, as the firm's debut on the Nasdaq exchange was also delayed by a technical glitch. Mark Zuckerberg, 28, who sta ...

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Facebook Inc CEO Mark Zuckerberg starts roadshow to promote IPO

Facebook Inc CEO Mark Zuckerberg 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. Wearing his trademark "hoodie" sweatshirt, jeans and sneakers, the 27-year-old chief executive said he would do the Instagram deal again if he had to, accordi ...

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It’s not how many friends you have but who you are friends with that matters, rethinking the Social Network

At some point later this year, Facebook will connect one in every seven people on the planet. When it passes the billion user mark – and really it is a question of when, not if – it will inevitably be accompanied by the common lament of the social media critic: social networks degrade the idea of friendship. It’s absurd, they argue, to be “friends” with thousands of people – and an alarming sign of shallow ...

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Yahoo sues Facebook for patents infringement

Yahoo Inc sued Facebook Inc over 10 patents that include methods and systems for advertising on the Web, opening the first major legal battle among big technology companies in social media. The lawsuit, filed in a San Jose, California federal court on Monday, marks a major escalation of patent litigation that has already swept up the smartphone and tablet sectors and high-tech stalwarts such as Apple Inc, M ...

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Facebook for your business? Big storefronts closing so think again!

Last April, Gamestop Corp. (GME) opened a store on Facebook to generate sales among the 3.5 million-plus customers who’d declared themselves “fans” of the video game retailer. Six months later, the store was quietly shuttered. [caption id="attachment_5870" align="alignright" width="300" caption="Big stores closing on Facebook, open less than one year"][/caption] Gamestop has company. Over the past year, Gap ...

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