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Topic: Information Technology Sector

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  • Facebook IPO: Six key dates in its debacle

    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.

  • Top 10 most expensive car repair mistakes

    Better built cars and an uncertain economy mean that Americans are holding onto their cars for longer than ever and are doing more of their own repairs. Nearly half of those who already do their own auto repairs say they are doing more of them themselves this year; 3 in 4 of those who rely on a mechanic say that economic conditions are making them more likely to attempt their own repairs, according to a recent survey by AutoMD.com. But there are mistakes that even the most seasoned do-it-yourselfers can make. Whether you like to go under the hood or take your vehicle to the shop, here are 10 expensive repair and maintenance mistakes to avoid:

  • Facebook stock: 6 intriguing investors

    Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share.  Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.

  • The Masters: 12 women candidates for Augusta National membership

    The Augusta National Golf Club has steadfastly refused to alter its all-male membership. But circumstances may soon cause the gender barrier to break, and if it does there are several women who might be good fits for the club.

  • Five myths about video games

    Why they aren’t as scary or one-dimensional as many parents think.

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Photos of the day

05.31.12 »
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What happens when ordinary people decide to pay it forward? Extraordinary change. See how individuals are making a difference...

Mae Azango has gone undercover to report on female circumcision, a rite of the Sande society in Liberia that is performed on young girls.

Mae Azango exposed a secret ritual in Liberia, putting her life in danger

When journalist Mae Azango wrote about a secret women's circumcision ritual in Liberia, she received death threats.

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