Reports began to surface on Monday indicating that Facebook was looking to get over its post-IPO blues by snapping up the Israeli-based company that matches faces in digital photographs to the names of existing friends.
With Facebook shares Tuesday morning trading $7.80 below their offering price, mom-and-pop investors alone are out more than $800 million. And that's the good news. Now here's the bad: Whatever the right number is for how much we've lost so far -- get ready to double it.
First, we learned Facebook's IPO underwriters had cut their estimates for the company in the middle of the IPO roadshow. What we didn't know was why. Now we know. The analysts cut their estimates because a Facebook exec who knew the business was weak told them to.
Facebook's first few days as a public company have been a rocky road. Moving ahead, Mark Zuckerberg would do well to recall the lesson of two other iconoclastic company founders: Ben Cohen and Jerry Greenfield. The tale of Ben & Jerry bears a bracing similarity to his own.
Not much, and the jokes on you if you think otherwise. As the Facebook IPO makes abundantly clear, ordinary investors need to stop counting on Wall Street to look out for them.
As Friday's Facebook IPO -- and its gory aftermath -- proves, even experts can run into trouble investing in social media. But if you're still looking to get in on the Facebook action, and want to mitigate your risks, this ETF might be the way to go.
Facebook co-founder Eduardo Saverin gave up his U.S. citizenship and emigrated to Singapore immediately before Facebook's IPO. For him, it's not a bad tax move. But could it be right for you?
Facebook has ended its third trading day and the world is falling apart -- again. The stock closed Tuesday at $31, down 19% from the $38 IPO price, lead underwriter Morgan Stanley is under fire, the SEC is ready to investigate, and analysts are blaming everyone. Oh, and the fundamentals? Those haven't changed a bit.
Forget how Facebook is beating up its IPO investors: The social network is still giving many other publicly traded companies fits. And these five in particular are seeing their business models take a hit at Facebook's expense.
After all the finger pointing over Facebook's rapid share price decline, there is one factor that should have served as warning. Morgan Stanley, the lead underwriter, cut earnings estimates in the lead-up to the IPO -- while expanding its size and raising its price.
On Saturday, Mark Zuckerberg tied the knot with his college sweetheart, Priscilla Chan. Here's a gallery of their time together, as told through their Facebook timelines.
On Monday, Facebook's stock fell from its IPO price of $38 to a low of (as of this writing) $33.60. So what? Nobody who actually paid attention to Facebook's statements before the IPO should be surprised by this latest turn, or even worried. Here's why:
The most interesting story about investing and social media isn't that you can buy shares of Facebook -- it's the way so many advisers and investors are using social networking sites to connect with each other, and with market information.
The Facebook IPO is making dozens of people phenomenally rich. How rich? Check out CNBC's list of top shareholders, see and the amounts of their Facebook windfalls as they move based on the real-time price of the shares.
For your reading pleasure while you watch the roller coaster ride of Facebook's Friday trading debut, here's a list of facts about the company and CEO Mark Zuckerberg that aren't widely known.