Skip to: Content
Skip to: Site Navigation
Skip to: Search

  • Advertisements

Topic: Jerry Brown

Top galleries, list articles, quizzes

  • 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.

  • In Pictures: Taking office 2011

  • Jerry Brown's California: Five big changes from 1975 to 2011

All Content

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Scott Budnick works in the dining room as customers arrive for a free meal at the Mathewson Street Friendship Breakfast in Providence, R.I.

Scott Budnick serves breakfast – with a side order of respect – to the homeless

Sunday breakfast at a Providence, R.I., church is more than a free meal. Half the volunteers are homeless themselves: 'It's their [own] breakfast that they're putting on.'

 
 
Become a fan! Follow us! Google+ YouTube See our feeds!