Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
Foreclosures are down to their lowest levels in nearly five years. One reason: Lenders are increasingly using short sales, instead.
Despite its sluggishness, the US economy is growing while Europe's is contracting. A rising number of policymakers blame Europe's austerity moves.
The unemployment rate for April was 8.1 percent, the lowest rate since President Obama took office. But the unemployment rate is falling for all the wrong reasons.
Nutella settles lawsuit over false advertising claims. Because the maker of Nutella settles lawsuit, it agrees to set up a $3 million settlement fund to repay customers up to $4 a jar.
The disappointing March employment report suggests job growth is coming back in sync with economic expansion after unusually strong job growth in the winter.
Although existing home sales dipped last month, foreign buyers are snapping up US homes. In some markets, they may be putting an end to the downturn in existing home sales.
Gas prices are rising partly because demand is rising in the developing world. Unlike fluctuating tensions in the Middle East, rising world demand will keep pushing gas prices higher.
The US economy is creating more jobs at slightly higher pay. But the averages can be deceiving.
Greek debt swap may not be a default technically speaking, but it's still a default. Holders of Greek debt and Greece's citizens are feeling its pinch.
Darth Vader burger arrives Jan. 31 at the French fast-food chain Quick, barely a week ahead of the release of 'Star Wars: The Phantom Menace 3D.' Just don't call it a Darth Vader burger.
Fixed mortgage rates for 30-year loan now average 4.18 percent. But record low fixed mortgage rates are not perking up the housing market or causing a surge of refinancing.