A Perfect Storm: Facebook’s Troubled IPO Enters More Dangerous Waters Over Disclosure

Grab the Dramamine and a life jacket (just in case)!
perfect storm

As Social Discovery Apps Proliferate, Sonar Aims for Greater Relevance

A small but relevant update to Sonar’s mobile application.
1

Voices

Investors File Suit Against Facebook, Underwriters

Three Facebook Inc. investors filed a civil lawsuit Wednesday in Manhattan federal court, alleging the company and its underwriters failed to properly disclose changes to analysts’ forecasts made at the underwriting banks.

Voices

Inside Fumbled Facebook Offering

Less than three days before Facebook Inc.’s initial public offering, Chief Financial Officer David Ebersman decided to boost the number of shares the company would offer investors by 25 percent, said people familiar with the planning. His main adviser at lead underwriter Morgan Stanley assured him there was plenty of demand, they said.

Privacy Experts Weigh In on Whether There Is a Cure for “Creepy” (Video)

The Internet is full of identity thieves, stalkers and people generally trying to take advantage of you. In other words, it can be creepy.
the_creeper

Voices

Nasdaq Points Up Regrets in Launching Facebook IPO

A senior Nasdaq Stock Market official told customers Tuesday afternoon that it would have pulled the plug on Facebook Inc.’s initial public offering had it known the full extent of the technical problems that plagued its systems.

Numbers

Smaller Than Mark Zuckerberg

Facebook’s IPO may have lacked “sizzle,” but it did make at least one thing pop.
smallerthanzuck

Socialcam’s User Retention Strategy, Part One: A New Look for the Web Interface

Socialcam has millions of users. So how will it keep them all?
socialcam_screen

Facebook Casino Game Launches, Backed by Myspace’s Tom Anderson and Reality-TV Star Brody Jenner

RocketFrog is the latest company to bet on casino-style games on Facebook as online gambling becomes more of a reality.
brodyjenner

100 Most Valuable Brands: Apple Tops Again; Nokia Disappears

The tech industry dominates Millward Brown’s annual survey.
BRANDZ2012

Zimride Turns Regular Cars Into Taxis With New Ride-Sharing App, Lyft

Here’s one to watch: The ride-sharing service Zimride, which has focused on matching riders and drivers for long trips, is launching a new on-demand ride-sharing app called Lyft.
3_driverinfo

Facebook’s “Social Readers” Still Fading

The Washington Post and Guardian apps see another steep drop in usage. Great news.
crater2

Viral Video: “Jaws” Guy Bites Mark Zuckerberg and “Eric” Brin at Webbys

If you love a celebrity getting all self-righteous on the world, especially the tech world, then here’s a big plate of Richard Dreyfuss for you.
MV5BMTM1NTY3NjM4NF5BMl5BanBnXkFtZTcwNzIxMTkzNQ@@._V1

News Byte

King.com Appoints EA Social Games Producer to Rule New London Studio

King.com, one of the fastest-growing social games companies on Facebook, has opened a new game studio in London that will be led by Electronics Arts and Playfish veteran Catharina Lavers Mallet. While an executive producer at EA, Lavers Mallet worked on major titles like The Sims Social. The London studio is expected to hire about 40 employees and to work with the company’s headquarters there in addition to other offices in Hamburg, Stockholm, Milan, Romania, Malta and San Francisco.

News Byte

Facebook Closes Down 11 Percent in Second Day of Trading

Shares of Facebook stock sank 4.2 points in their second day of trading on the Nasdaq, ending the day at $34.03, a somewhat expected downturn after a lackluster start last Friday. The stock opened at around ten percent under where it closed on Friday, most likely due to lack of underwriter support in propping prices up by exercising the “greenshoe” option.

Voices

Nasdaq Confronts Liability on Traders’ Losses in Facebook IPO

Nasdaq OMX Group Inc. faced the fallout for mishandling Facebook Inc.’s initial public offering, as irate brokers and traders demanded the exchange company make up losses they blamed on Friday’s technical glitches.

Ubisoft’s Ghost Recon Aiming to Bring Hardcore Gaming to Facebook

Ubisoft is releasing a free version of its popular Ghost Recon on Facebook today, with the goal of attracting the same hardcore audience that will pay $60 for the console version coming out tomorrow.
ghostrecon_tanker explosion_ATD

On Day Two, Facebook Shares Open More Than 10 Percent Off

The swings are rough.
facebook_stock_certificate

Videogames Using the Power of Fans to Get a Kick Start

Videogames are fast becoming one of the most popular categories that are able to attract start-up capital from everyday people.
crowd

Voices

Nasdaq Acknowledges Troubles With Facebook Deal

Robert Greifeld, chief executive of Nasdaq OMX Group Inc., on Sunday acknowledged design problems with Nasdaq’s technology after the exchange operator was widely seen as bungling the landmark listing of shares of Facebook Inc. on Friday.

Just Married

IPO? No big deal. But now Mark Zuckerberg is getting serious.
zuckerberg married

Here’s What Zuckerberg Said to Employees Before Ringing the Opening Bell (Video)

Haven’t gotten enough coverage of Facebook’s initial public offering yet? Here’s a video of CEO Mark Zuckerberg giving a speech to employees before ringing the opening bell on Friday.
facebook zuckerberg standing excerpt

Voices

Should I Buy Facebook Stock? (Comic)

Here is the latest comic from our Joy of Tech friends at Geek Culture, Nitrozac and Snaggy. Joy of Tech appears three times a week in the Voices section of this site.
fbstock

Voices

Facebook Underwriters Stepped In to Support Shares at Offering Price

Facebook Inc.’s public debut had plenty of buzz but not much pop. The shares opened 11 percent higher, but struggled to stay above their $38 offering price and ended the day up just 23 cents.

In Its First Acquisition as a Public Company, Facebook Buys Social Gifting App Karma

Facebook apparently figured out what to do with its newfound cash injection.
Karma