Facebook hit with $15 billion privacy suit on IPO day

Facebook is officially a public company as of Friday morning shortly after 11:00 a.m. Eastern Time, and what better way to celebrate the milestone than with a fresh privacy lawsuit? Led by Stewarts Law and Bartimus, Frickleton, Robertson & Gorny,...

Nearly half of Facebook users will never click ads

The effectiveness of Facebook’s advertising was called into question earlier this week when General Motors confirmed that it would be pulling the $10 million the company spends annually on Facebook ads because they are not delivering results....

Nearly half of Facebook users will never click ads

The effectiveness of Facebook’s advertising was called into question earlier this week when General Motors confirmed that it would be pulling the $10 million the company spends annually on Facebook ads because they are not delivering results....

Facebook prices IPO at $38, valuation set at $104 billion

Facebook on Thursday set the share price for its initial public offering at $38. Shares of Facebook will begin trading on the NASDAQ exchange after the opening bell on Friday, and the social networking giant could raise as much as $16 billion. The...

Android and iOS drive mobile app explosion [infographic]

One year ago, less than 40% of mobile subscribers in the United States had a smartphone. That number has increased dramatically, however; according to Nielsen, one in two mobile subscribers now owns a smartphone. Driven mostly by the rise of Android...

How much are you worth to Facebook?

Facebook is just days away from one of the largest initial public offerings of all time. The social networking site is looking to raise more than $16 billion dollars at a valuation in the $100 billion price range. Facebook is worth a lot of money,...

Facebook increases IPO size by 25%

Just two days before its initial public offering, Facebook has increased the number of shares it will offer by 25%. The social networking giant will now offer 421 million shares to investors, 83.8 million shares more than it had originally planned...

Facebook amends offering, seeks $93 billion to $104 billion valuation for IPO

Facebook on Tuesday raised its initial public offering price target range to between $34 and $38 per share in response to strong demand, an increase from $28 to $35, according to a new filing with the United States Securities and Exchange Commission....

General Motors to stop advertising on Facebook

General Motors, the world’s largest automaker and third biggest advertiser in the U.S., plans to stop advertising on Facebook, The Wall Street Journal reported on Tuesday. After meeting with Facebook managers to address concerns, the company’s...

Google+ is a ghost town, study says

Google’s emerging social network Google+ may boast big user numbers, but a new study suggests that social activity and user engagement are anything but impressive. Intended to give Google a stronger grip on the massive amount of data shared by...