Mark Zuckerberg faces ANOTHER lawsuit over charges he knew Facebook’s price would drop and cashed in $1.1 billion before shares slumped

http://www.dailymail.co.uk/news/article-2154529/Mark-Zuckerberg-faces-lawsuit-charges-knew-Facebooks-price-drop.html Shares of the social media giant have dropped 30 percent to below $27 Lawsuit says Zuckerberg’s notice he was dumping 30.2 million shares of Facebook on the first day of the IPO is proof of their claims Previous lawsuit says the banks knew Facebook revenues would fall short of expectations but only told a […]

Were investors misled about how much Facebook was REALLY worth? Watchdog to investigate claims investors were not told about lower ‘forecasts’

http://www.dailymail.co.uk/news/article-2148414/Wall-Street-watchdog-set-investigate-Facebook-IPO-claims-Morgan-Stanley-failed-alert-investors-lower-revenue-forecast.html Senior Nasdaq official reportedly tells customers it would have pulled out of Facebook IPO if they had known extent of problems In three days of trading, Facebook’s stock value has dropped a whopping 18 per cent Morgan Stanley subpoenaed by authorities in Massachusetts over the underwriter’s discussions with investors At least one investor sues […]

Married just 48 hours and already he’s lost billions: Facebook share price plummets 25 per cent from historic highs

http://www.dailymail.co.uk/news/article-2147629/Married-just-48-hours-s-lost-billions-Facebook-share-price-plummets-TWENTY-FIVE-cent-historic-highs.html By Daily Mail Reporter PUBLISHED: 10:29 EST, 21 May 2012 | UPDATED: 16:38 EST, 21 May 2012 Facebook stock sank a disastrous 25 per cent on Monday, the social network’s second day of trading as a public company. The timing coincided with the absence of financial giant Morgan Stanley’s backing of the stock, which […]

Rise of Apple and Facebook is putting Internet freedom at risk, says Google co-founder

http://www.dailymail.co.uk/sciencetech/article-2130338/Rise-Apple-Facebook-putting-Internet-freedom-risk-says-Google-founder.html By Daily Mail Reporter PUBLISHED: 22:26 EST, 15 April 2012 | UPDATED: 07:45 EST, 16 April 2012 The internet is facing its biggest ever threat, thanks in part of Facebook and Apple, the co-founder of Google has claimed. Sergey Brin said government attempts to control web access and the rise of the increasingly ‘restrictive’ […]

Fed Unveils Doomsday Scenario for Banks

http://www.cnbc.com/id/46709890 Published: Monday, 12 Mar 2012 | 5:37 PM ET By: CNBC.com and wires The Federal Reserve released its “worst-case scenario” bank stress test criteria Monday and said it will release full results Thursday at 4:30 p.m. ET.  The Fed will look at how the nation’s 19 largest banks would survive a world with a […]

Only billionaires need apply… ‘Facebook’ for the world’s richest 200 people launched

http://www.dailymail.co.uk/news/article-2090949/Facebook-worlds-richest-200-people-launched.html By Ellen Connolly Last updated at 6:29 AM on 24th January 2012 A new social networking site will be launched this week, allowing the world’s rich and famous to flirt and find friends with other equally rich and powerful people. The ‘Facebook for world leaders’ will be unveiled by software company Tibco at the […]