Latest social network Stories

Facebook's Reign Dominating Social World Map
2012-06-11 14:06:23

Lee Rannals for redOrbit.com If Facebook was a virus, nearly the whole world would have succumbed to it already, according to social media strategist Vincenzo Cosenza. Cosenza has created his "world map of social networks," showing what the most popular social network is in 137 countries around the globe, according to a combination of Alexa and Google Trends for Websites Traffic data. His latest social media world map shows that Facebook has gone viral throughout nearly all of the...

Facebook Slump Continues As Shares Close Below $29
2012-05-30 04:48:08

Shares of Facebook´s stock plunged nearly 10 percent on Tuesday, closing at $28.84, a 24 percent fall since the company´s initial public offering at a price of $38 per share on May 18. The decline came on a day when most of the market was higher, with the S&P 500 closing up 14.6 points (1.11%) while the Nasdaq was up 33 points (1.18%). Facebook´s highly anticipated IPO was one of the largest in U.S. history, but has delivered the worst trading performance for its...

Facebook IPO Overshadowed By Multi-billion Dollar Lawsuit
2012-05-19 05:15:44

On what should have been Facebook´s biggest and brightest day, the company´s initial public offering on Friday was overshadowed by an unprecedented $15 billion class action lawsuit filed against the social network for violating its members´ privacy by tracking Internet usage. The action, filed in federal court in San Jose, California, combines 21 cases filed across the US and alleges Facebook violated privacy rights of its some 800 million subscribers by tracking them even...

Facebook IPO Orders To Close Two Days Ahead Of Schedule
2012-05-15 07:10:50

Facebook will stop taking orders for its initial public offering (IPO) on May 16, two days ahead of schedule, but also has reportedly increased the IPO´s price range, which could give the social network a valuation of over $100 billion. Facebook cofounder Mark Zuckerberg, who just turned 28, raised the price target from $28-$35 per share to $34-$38 per share in response to strong demand, according to a source familiar with the matter. The increased price range would give the...

2012-05-05 23:00:07

People expect to connect to other people on a social network. They don't expect to be able to support their favorite charitable causes and earn real money while doing it. FanBox created a social network that does that in a one-of-a-kind platform. San Diego, CA (PRWEB) May 05, 2012 Charity work has always been important to FanBox CEO Mike Pousti, whether it is volunteering time to serve food at a homeless shelter or devoting time to raise money for various charities, he is very concerned...

Facebook IPO Could Be Worth Record $96 Billion
2012-05-04 10:29:04

Facebook, on the verge of going public, has set its share prices at $28 to $35, a share price that would set the social network´s valuation at close to $87 billion, although many market watchers believe that price will likely rise before the company does go public later this month, according to a regulatory filing released yesterday (May 3). Facebook will begin meeting with investors next week and is scheduled to officially price the offering on May 17, according to Bloomberg Business...

Facebook Dropping The Ball With Its Advertisers
2012-05-03 04:00:23

Various media reports are pointing out that Facebook's advertising business is a tangled mess, which could be a warning to those wanting to invest once the company goes public. The social network is expected to gain a valuation of $100 billion after it makes its initial public offering (IPO) on May 18.  However, reports by the Wall Street Journal and CNET are raising the question of how Facebook plans to make itself worth that much as its advertising business starts to slowly slide,...

Graduation Year Drives Facebook Connections For College Grads
2012-04-30 10:41:37

Are you connected to college friends on Facebook? Research from North Carolina State University shows that these social networks tend to form around graduation year or university housing — rather than other interests. Researchers examined the first 100 colleges and universities to have students, faculty or staff join Facebook when the site exclusively contained .edu email addresses. As students, faculty and staff joined Facebook, social networks were formed. Each university, in...

Word of the Day
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.