As Facebook's IPO "bungle" explodes on the legal scene this week, firms litigating against and defending NASDAQ, the banks that took Facebook public, and the public itself are running rampant. Law firms are being said to using this situation as a so-called "feeding frenzy" as quite a bit of cash is on the line. "I think we should expect a lot of finger pointing," so says Jacob Frenkel, partner at law firm Shulman Rogers Gandal Pordy & Ecker and a former enforcement lawyer with the U.S. Securities and Exchange Commission, "that's the exact reason that this is going to be such an opportunity for law firms."
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Search Results for facebook+timeline
Facebook Main News Feed Sponsored Links begin to appear
This week Facebook has begun to fully implement their long-planned set of Sponsored Links in users main news feeds globally. This update takes advertisements generally reserved for the righthand-side of user layouts and places them front and center for major click-ready power. This upgrade is sure to drive up contention between Facebook and its masses of users because of how users have trained themselves to see the site's layout thus far.
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Facebook’s own-brand Instagram rival prompts head-scratching
Facebook‘s decision to launch its own Facebook Camera app this week, despite having announced a $1bn grab for Instagram only weeks earlier, continues to confuse, with some suspecting Zuckerberg & Co. have finally lost the plot. It’s been a shaky few weeks for Facebook, with Mark Zuckerberg forced to defend his decision to buy Instagram, a tumultuous IPO not helped by Nasdaq’s technical issues and complaints of over-inflated valuations, and ongoing concerns around privacy. Now, replicating Instagram with a home-grown alternative, Facebook’s mobile strategy is under the microscope again.
Facebook IPO debacle triggers class-action suit
A legal firm has filed a class-action lawsuit in the United States District Court for the Southern District of New York on behalf of the people who purchased common stock of Facebook during its IPO on May 18th. The IPO issues have already resulted in lawsuits being filed against Facebook and other banks have already been sued over the marketing of the IPO. A legal firm called Kessler Topaz Meltzer & Check, LLP has announced that they have filed a class-action lawsuit on behalf of the people who purchased stock in Facebook.
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NVIDIA TegraZone FINAL Anniversary Reminder – Tegra 3 explodes!
Welcome to our third and final reminder that the first anniversary of the NVIDIA TegraZone is this month! NVIDIA is showing off their wares this month with a big display of games and a release of a brand new Sonic the Hedgehog episode as well. Have a peek at our review of the latest NVIDIA Tegra 3 tablet to hit our review bench, the ASUS Transformer Pad TF300, and head below to continue on with the fun!
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iOS Facebook Camera app launches in face of Instagram
It appears that Facebook has taken the time to create their own independent photo application not unlike what they've worked on for Android (and quickly rescinded) just weeks ago. This application will be rolling out to fans across the earth soon with quite a few features extremely similar to what users of Instagram are already used to using. What you wont be getting here is shares within the app only (as Instagram can do) and sharing with other social networks all at once - this is purely a Facebook thing.
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Facebook wants to ditch Nasdaq after IPO fiasco
Facebook is reportedly considering dual listing on the NYSE and possibly ditching Nasdaq completely following its botched IPO. The move would be an embarrassing snub to Nasdaq and its execs are reportedly scrambling to ensure that the fallout doesn't impact its ability to attract new companies to list on the exchange in the future.
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Nokia 808 PureView Explored: Hands-on Samples
Nokia gave us no small surprise when it launched the Nokia 808 PureView and its new camera-phone technology. Promising a headline-grabbing 41-megapixel sensor, paired with image processing systems more akin to what you’d find in spy satellites than smartphones, it’s the first fruit of a project five years in the making. Until now, though, all the sample images we’ve seen have been produced by Nokia’s own hand, so we understandably jumped at the chance to join the PureView team at the headquarters of lens supplier and imaging specialist Carl Zeiss in Southern Germany to take some shots of our own. Read on for the full sample gallery – together with some comparison shots with the Nokia Lumia 900 – along with the full story as to why PureView is so special.
MySpace set to relaunch in late 2012
Justin Timberlake and Specific Media-owned MySpace is set for a complete brand re-launch by the end of the year, so says SM senior communications manager Rikki Webster. Speaking this past week with PRWeek, Webster let it be known that by the end of the year 2012, we'll be seeing a whole new MySpace, this hopefully conjuring up some of the excitement the site held back between 2005-08 when it was the most visited social network on earth. Since then we've seen this website, once more visited than Google, take a nosedive as the likes of Facebook, Twitter, and a much more solid looking web took command. Can a brand refresh switch their fortunes?
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SlashGear Morning Wrap-Up: May 23, 2012
This morning it's time to get serious about the Facebook IPO - litigation serious. Next you'll find that there's a bit of a block when it comes to running Siri on your IBM networks if you happen to be hanging out there. For you science lovers, have a peek at how scientists are currently working with cryptozoologists to decipher cryptic species across the earth - they might be finding bigfoot!
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Facebook sued by shareholders over IPO marketing
The Facebook IPO has caused quite a stir, although the stock has been met with a tepid response by the market since its debut. The price reached highs of $45, but has slowly dropped below the initial $38 price, currently sitting at $31 at the time of writing. Shareholders don’t seem to be happy either, as Reuters reports that Zuckerberg and several banks have been sued over misleading financial forecasts.
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Facebook testing new Timeline layout
One of the things that angered many Facebook users recently was the force moved to Timeline for many people. Many users felt that the Timeline layout was too busy and made it difficult to follow things on the profile of users. While Facebook hasn't ditched Timeline altogether, the social network is apparently testing a new layout.
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