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.
Battles over same-sex marriage have been raging in the federal courts for several years. Two could reach the US Supreme Court within a year: one challenging California's ban on gay marriage under Proposition 8, and the other seeking to invalidate the federal Defense of Marriage Act (DOMA). Here are the cases to follow.
Can war with Iran can be avoided? In recent talks with the West in Baghdad, Iran showed some greater flexibility about its nuclear program. But Iran has a history of trickery in the nuclear arena. Whether Tehran will cooperates with Western demands depends on the following six factors.
Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
It’s college graduation season and the strains of “Pomp and Circumstance,” which began in late April, will be heard at commencement ceremonies until mid-June. Many more speeches have yet to be given that impart the usual pearls of wisdom and advice on pursuing dreams, being daring, and contributing to society. Here’s a sampling of excerpts from speeches given to graduates around the country.
Donald Driver was crowned "Dancing with the Stars" champion Tuesday night. Over the 14 seasons of "Dancing with the Stars," many contestants have talked about the life-transforming benefits of ballroom dancing, including weight loss, increased self-confidence, a sense of pride in accomplishing something they’ve never done before, and, importantly, joy. Here are five business lessons the ballroom world has to offer everyone.
Although the economy seems to be showing signs of improvement, there are still more applicants for every job opening than there are available positions. In a survey, HR professionals outlined six interview mistakes that can instantly kill the possibility of receiving an offer.