Wednesday, May 23, 2012 10:35 AM SAST

Facebook

Overview

Facebook is the largest social networking website in the United States which is operated and privately owned by Facebook, Inc. The site was founded by Mark Zuckerberg with his college roommates while he was a student at Harvard University. It has over 400 million active users worldwide.

Headlines Around the Web

BUSINESS: Regulators investigate bank’s role in Facebook IPO

9:16 am - France24

Mark Zuckerberg loses friends on Wall Street as regulators probe $19bn slump

8:00 am - Independent

Outside the Box: The great Facebook fizzle

6:01 am - MarketWatch

Zuckerberg loses friends on Wall Street as regulators probe $19bn slump

1:00 am - Independent

Facebook stock could hurt California budget

10:57 pm - Politico

Stocks to Watch: Stocks to Watch Wednesday: Dell, Petsmart

11:32 pm - MarketWatch

5 Companies Getting Burned By Facebook

9:30 pm - Daily Finance

Calls grow for probe into Facebook IPO as criticism mounts

9:08 pm - Financial Post

Nasdaq investors still support Greifeld

8:22 pm - Financial Times

Facebook shares tumble again

6:59 pm - Independent

Facebook’s plunge into uncertainty started with analysts’ US$30-50 spread

7:45 pm - Financial Post

Facebook shares fall again

5:46 pm - CBC

Facebook called ‘falling knife,’ shares drop again

4:55 pm - MarketWatch

Tech Stocks: Tech stocks on the path to more gains

5:01 pm - MarketWatch

John Shinal's Tech Investor: Social media investment bubble has popped

4:08 pm - MarketWatch

Facebook plunges 18% below IPO price

3:57 pm - CNN Money

Morgan Stanley shocked investors by cutting Facebook estimates just before IPO

1:51 pm - Financial Post

Why GM And Others Fail With Facebook Ads

12:00 pm - Business Week

Facebook scraps its paper stock certificates

12:31 pm - CNN Money

David Weidner's Writing on the Wall: Facebook is nothing but embarrassment

May 22 - MarketWatch

Articles About Facebook

Sanchez poses at the party for the finalists of the television show "American Idol" in Los Angeles

Jessica Sanchez To Win On ‘American Idol’ 2012 [PHOTOS & VIDEOS]

By IBTimes AU

With the final two performances over and done, many are still hopeful that the 16-year-old Jessica Sanchez from Chula Vista, California will make history by grabbing the top prize this season. (7:33 am)

Australian Stock Market Report – Midday 5/23/2012

By Comsec

Yesterday, the Australian share market improved for the second straight day, with The All Ordinaries Index (XAO) up over 49 points to 4,173 points. But in morning trade today the market fell back into the red. (5:27 am)

MORE TOPICS: GOLD, EXISTING HOME SALES, TWITTER, GDP, JAPAN, AUSTRALIA

Britain's Prince William and Catherine, Duchess of Cambridge arrives for the 'Our Greatest Team Rises' event to celebrate TeamGB and ParalympicsGB at the Royal Albert Hall, in central London

Find Out Why Prince William Only Slept Half an Hour Before Wedding With Kate Middleton

By IBTimes AU

Prince William admits that he was sleepless the night before marrying Kate Middleton. After one year into their marriage, the Duke of Cambridge tells why he wasn’t able to sleep the night before his wedding. (5:17 am)

MORE TOPICS: MARK ZUCKERBERG, ROYAL WEDDING, KATE MIDDLETON

Brad Pitt Admits There’s Still No Final Brangelina Wedding Date

By IBTimes AU

Brad Pitt may be turning 50 but he sure doesn’t look like it. He brought back his boyish good looks when he arrived at the Cannes Film Festival yesterday and took the opportunity to clarify issues regarding his and Angelina Jolie’s wedding dates. (5:06 am)

MORE TOPICS: BRAD PITT, MARK ZUCKERBERG, HOLLYWOOD

Yahoo under Levinsohn seen shifting to content, advertising

By Reuters

With two of its most distracting conflicts resolved in the past week and a half, Yahoo Inc hopes its new interim chief executive can focus on the biggest challenge of all: turning the company into a digital entertainment destination that wins back the advertising dollars flowing elsewhere. (1:00 am)

MORE TOPICS: NETFLIX, RUPERT MURDOCH, COURT, ADVERTISING, NEW YORK, VIACOM

Wall Street struggles to find Facebook's worth

By Reuters UK

In its three days of trading, Facebook's stock has dropped 18 percent from its $38 (24 pounds) issue price. For the thousands of investors that bought at the IPO, that's bad enough, but one analysis of its earnings prospects suggests it could get a lot worse - more like $10 a share. (11:35 pm)

MORE TOPICS: GENERAL MOTORS, SEC, MORGAN STANLEY, ADVERTISING, RETAIL

SEC, FINRA to review Facebook issues, Nasdaq sued

By Reuters

Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. (11:00 pm)

MORE TOPICS: SEC, GOLDMAN SACHS, JPMORGAN CHASE, MORGAN STANLEY, COURT, RETAIL

Market Winds May Be Shifting

By IBTimes

The G8 leaders also said that it is “our imperative to promote growth and jobs”. (10:11 pm)

MORE TOPICS: CHINA, GOLD, UNEMPLOYMENT, GERMANY, G20, INVESTMENT

SEC, FINRA call for Facebook review, pressure builds

By Reuters

Two top U.S. financial regulators called for a review of the initial public offering of Facebook last week, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq. (9:42 pm)

MORE TOPICS: SEC, GOLDMAN SACHS, JPMORGAN CHASE, MORGAN STANLEY, RETAIL, NEW YORK

Wall Street ticks higher, Facebook falls again

By Reuters

Stocks advanced on Tuesday, led by financial shares after a strong read on existing home sales encouraged buying in sectors tied to economic growth. (9:21 pm)

MORE TOPICS: DOW JONES, BANK OF AMERICA, MORGAN STANLEY, NASDAQ OMX GROUP, EXISTING HOME SALES, NEW JERSEY