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Facebook IPO prompts legal free-for-all

, May 25th 2012 Discuss [0]

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." Read The Full Story

Facebook Main News Feed Sponsored Links begin to appear

, May 25th 2012 Discuss [0]

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. Read The Full Story

Facebook rumored to buy Opera for own browser

, May 25th 2012 Discuss [0]

Despite the IPO drama, Facebook is forging on and new claims suggest the company is already mulling its next major acquisition. Citing "trusted sources," Pocket-lint reports that the social network is looking to buy Opera for its own web browser. This means that it would compete in the browser space against Google, Apple, and Microsoft. Read The Full Story

Facebook’s own-brand Instagram rival prompts head-scratching

, May 25th 2012 Discuss [0]

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.

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Facebook IPO debacle triggers class-action suit

, May 25th 2012 Discuss [0]

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. Read The Full Story

Facebook Camera for iPhone Review

, May 24th 2012 Discuss [0]

This week Facebook has deemed their next vision for sharing your iPhone photos a go with an application that takes on the task separate from the main Facebook app. This application is called Facebook camera and it brings the whole photography experience inside Facebook to its own separate universe. With this application you'll be browsing photos, taking photos, and editing photos - that's just about the long and shot of it! Read The Full Story

iOS Facebook Camera app launches in face of Instagram

, May 24th 2012 Discuss [0]

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. Read The Full Story

Facebook wants to ditch Nasdaq after IPO fiasco

, May 24th 2012 Discuss [0]

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. Read The Full Story

Facebook sued by shareholders over IPO marketing

, May 23rd 2012 Discuss [0]

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. Read The Full Story

Facebook testing new Timeline layout

, May 23rd 2012 Discuss [0]

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. Read The Full Story

Zynga American Express partnership provides rewards for in-game buys

, May 22nd 2012 Discuss [0]

If you're the kind of person that lines the pockets of Zynga by spending a lot of money in so-called "free" online social games? Specifically, Zynga's most popular game Farmville? If so, then this is a rewards program tailored specifically for you. If not, then this is a rewards program tailored to make you start thinking about spending more money on your virtual farm. And in all cases, this is a rewards program to help teach you about American Express's Serve platform. Read The Full Story

“In retrospect, it was incorrect” says NASDAQ on Facebook IPO

, May 22nd 2012 Discuss [0]

NASDAQ today is letting investors know that they will not necessarily get “dollar on the dollar” compensation for the losses they experienced at the hands of the blackout felt at the start of Friday’s Facebook IPO. It’s not that NASDAQ doesn’t want Facebook as a stock anymore, nor that they regret working with Facebook in the first place, it’s just that they wish they’d not started the day on the wrong side of the bed, so to speak. A conference call between brokers and NASDAQ at Tuesday’s close of the market had NASDAQ OMX Group’s Eric Noll saying that trading “by no means would have gone forward” if they’d known problems would arise.

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