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Why Buying Facebook Stock Is for Suckers
Why Buying Facebook
Stock Is for Suckers
OPINION
Jan 5, 2011 1:38 PM CST

Why Buying Facebook Stock Is for Suckers

Do you really know what you're buying?

(Newser) - The investment world seems to be going gaga over the opportunity to buy shares of Facebook—or at least, the prospect that uber-wealthy Goldman Sachs clients can now buy shares of Facebook. But Duff McDonald of Fortune wouldn’t do it—and not just because he hasn’t got the...

Facebook Deal Sparks Broad SEC Probe

Agency examines rules for private financing after Goldman investment

(Newser) - Goldman Sachs’ deal with Facebook might bring the SEC down on all manner of privately held stock purchases. The regulatory body has begun an investigation to see whether it needs to rewrite disclosure rules for privately held firms, and the very line dividing public and private firms, sources tell the...

Goldman Loot Staves Off Facebook IPO

By delaying, Facebook keeps secrets, avoids regulation

(Newser) - The $500 million Goldman Sachs and other investors just dropped on Facebook will stave off its long-awaited IPO for a good while longer, the New York Times observes. Until recently, tech companies would jump to go public as soon as possible, but Facebook has so far decided it’s not...

Goldman Investment Gives Facebook $50B Valuation

SEC is investigating whether Facebook is skirting 500 shareholder rule

(Newser) - Facebook has snagged a $500 million investment—$450 million from Goldman Sachs and $50 million from a Russian firm—in a deal that values the social network at $50 billion. That makes the company worth more than eBay, Yahoo, and Time Warner, notes the New York Times , which suggests that...

Nursing Student Takes Photo With Placenta, Gets Expelled

Doyle Byrnes posted picture on Facebook then got the boot

(Newser) - Facebook claims yet another victim: A Kansas nursing student is fighting back after taking a photo of herself with a human placenta and posting it on Facebook—then getting expelled. Doyle Byrnes has filed a complaint in US District Court in Kansas seeking to force Johnson County Community College to...

Sorry, Google: Facebook Most-Visited Site in US

Social network eats up 8.9% of US visits

(Newser) - Facebook knocked Google from its cushy No. 1 slot this year, becoming the most-visited website in the US, Reuters reports. Between January and November, Facebook saw 8.9% of all US visits; Google.com saw 7.2%. If you count all of Google’s properties, like YouTube and Gmail, however,...

2010: The Year We Stopped Talking to Each Other

Being in the room with someone doesn't mean they have your attention

(Newser) - In the seemingly unending onslaught of "best" and "worst" of 2010 stories, a declaration that's a mix. Writing for USA Today , Sharon Jayson dubs 2010 "the Year We Stopped Talking to One Another." The upside: We're Facebook BFFs with Kimmy from high school. The downside: We...

Paul Allen Re-Sues Apple, Google, Facebook

Microsoft co-founder refiles suit after judge's dismissal

(Newser) - Microsoft co-founder Paul Allen has re-filed his mammoth patent lawsuit targeting a host of major web companies including Apple, Google, Facebook, Netflix, eBay, Aol, and Yahoo. Allen’s original lawsuit, filed in August, was dismissed because it was too vague, failing to name specific products or services. The refiling, which...

Kids Curse, Oldsters Ramble: Facebook Study

Analysts probe data for behavioral trends

(Newser) - You can learn a lot when you’re listening to 550 million people. Using linguistic software, Facebook analysts investigated what people were saying in status updates, and came up with a number of interesting trends, Business Insider reports:
  • The oldsters chatter quite a bit: Status update length was the best
...

SEC Snooping Around Facebook, Twitter Trades

Booming private exchanges move social networks' shares

(Newser) - The SEC wants information about the surging private stock exchanges that have grown up around top social networks, the New York Times reports. Shares of Facebook, Twitter, Zynga, and LinkedIn are all sought-after commodities—though none of the companies are publicly held. As the exchanges gain popularity, Wall Street investment...

Everyone's Magic Number of Friends: 150

Anthropologist: That's the limit for meaningful relationships, online or off

(Newser) - Facebook and other social networks promise an unlimited number of potential friends, but anthropologist Robin Dunbar spots a "fundamental flaw" in that logic: "Our minds." Humans are cable of having meaningful relationships with a maximum of about 150 people, whether they're online or off, writes Dunbar in...

Malaysian May Get Jail Time Over Facebook Page

He's accused of mocking a former king

(Newser) - A man in Malaysia has been arrested for mocking a former ruler on Facebook. He allegedly created a fake profile for the late Sultan Iskandar Ismail, with the stated purpose to "expose the treachery of the sultan against his race and religion," reports AP . Authorities tracked down the...

Facebook Adds News Feed Filters
Facebook Adds
News Feed Filters
Dec 22, 2010 3:21 PM CST

Facebook Adds News Feed Filters

Users gain control over types of updates to view

(Newser) - Facebook is rolling out a revamped News Feed, featuring a drop-down menu that lets users isolate what kind of news they want to get. They can, for example, choose to see only friends’ latest photos, only status updates, or only updates from Pages (rather than friends). They can also opt...

Zuckerberg Spotted in China
Zuckerberg Spotted
in China
Dec 20, 2010 5:51 AM CST

Zuckerberg Spotted in China

Facebook founder tours country's leading search firm

(Newser) - Mark Zuckerberg is visiting what could be Facebook's final frontier. His social networking site is banned in China but Zuckerberg himself was welcomed on a visit to the offices of Baidu, the country's leading—and heavily censored—search engine, AP reports. Baidu's communications director says rumors that Baidu is considering...

Facebook Shut Itself Down for 30 Minutes

After code leak, 550M users were temporarily friendless

(Newser) - Facebook closed its virtual doors to users for about 30 minutes yesterday, after the code for a handful of new products went public before those products had been rolled out, reports Wired . The 550-million-user site shut itself down between about 4:15 and 4:45pm ET. “For a brief...

Facebook Rolling Out New Face Recognition Photo Tags

Also: Site poised for $2B in revenue this year

(Newser) - Get ready for another Facebook update: Next week, the site will start rolling out new face-recognition technology for photos, the Huffington Post reports. It’s “comforting” to know that the service won’t be automatic, writes Larry Magid. If the site thinks it recognizes someone, it will ask you...

JCPenney Opens Facebook Store
JCPenney Opens
Facebook Store
Dec 15, 2010 4:28 PM CST

JCPenney Opens Facebook Store

People can go shopping without leaving the site

(Newser) - JCPenney has achieved a watershed in online retail: It's opened a full-fledged store within Facebook, Consumerist reports. The store's application looks more or less like a conventional retail website, except with the characteristic social networking features: users can "like" an item and share product pages and reviews with friends...

Facebook Foes Winklevoss Twins Get Sued Themselves

Former business partner says they owe him millions

(Newser) - This probably goes over well in the Facebook offices: The Winklevoss twins are being accused of doing to a business partner essentially what they accuse Mark Zuckerberg of doing to them. A web developer named Wayne Chang is suing the brothers, claiming he had an ownership stake in their company...

Winklevoss Twins Sue Facebook Again

Say Zuckerberg committed securities fraud

(Newser) - One $65 million settlement wasn’t enough for Tyler and Cameron Winklevoss, who once upon a time hired Mark Zuckerberg to develop a social networking site. The twins are suing Facebook again, claiming that Zuckerberg committed securities fraud by lying to them about the value of Facebook, Mashable reports. They’...

Facebook, Twitter Locked in WikiLeaks War

'Operation Payback' accounts suspended

(Newser) - Facebook and Twitter have found themselves stuck in the middle of a furious online battle that shows no sign of stopping any time soon. The social media sites have blocked accounts belonging to a group waging cyber-war on firms that have stopped doing business with WikiLeaks — but the move...

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