Looks like there is no end to this. Facebook stocks continue to hit new lows everyday. We guess it could be because investors still can’t find the magic number for which Facebook is worth paying. Shares of Facebook dropped and closed on a new low on Wednesday. It dropped nearly 2.3 percent than the previous day and closed at $28.19. ... Read More »
Mark Zuckerberg Falls Off Top Billionaires
Facebook CEO Mark Zuckerberg will not be a happy man, he has dropped off the top 40 billionaires in the world. What happened? Facebook IPO happened. Facebook has been in constant criticism and controversy since it went public on May 18. All this has been affecting it’s performance in the index with the stock closing the lowest on Tuesday at ... Read More »
40% of Accounts on Facebook, Twitter are Spam!
A new report by an anti-spam company says that 40 percent of accounts on Facebook, Twitter and other social network sites are just spam. Bummer! This is not going to help Facebook stock recover. 40% is a shockingly high percentage which will come to 1 in 2 accounts as spam accounts. This is really not going to boost our confidence ... Read More »
Girl Invites Robbers by Showing off Money on Facebook
Facebook to some extent makes us all stupid. Yes, it makes us want to brag about everything, which Facebook calls “share”. A 17-year-old girl bragged and posted a picture of a pile of cash got just what she expected. Well, she learned her lesson the hard way. After she had posted the picture of a pile of cash on Facebook, ... Read More »
Facebook trying to build a smartphone?
Facebook is always up to something. Now reports are coming in suggesting that Facebook might be trying to build and manufacture smartphone. What is wrong with Facebook? Like most people they believe that Social Networking is not going to help them survive in the long run? The New York Times is reporting that Facebook is making an even more stronger ... Read More »
Facebook Looking to Acquire Opera
Facebook is now looking to acquire Opera, the makers of Opera browser for desktop and Opera Mini browser for mobile phones. Facebook has been in acquire-frenzy before going public and it still seems to be in the same mood. Facebook believes that by taking over Opera it might be able to create a customized and dedicated browser just for Facebook ... Read More »
Investor Sues Nasdaq for Inflating Facebook Stocks
Nasdaq has been sued by an investor who believes that the exchange was ignorant in handling the Facebook stock and allowed the shares to be inflated which ultimately resulted in huge losses for the investors. Phillip Goldberg, a Maryland resident, is seeking class-action status on behalf of all investors who lost money because Nasdaq delayed or otherwise mishandled their buy, ... Read More »