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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.
The most expensive items on Amazon

We went through each of Amazon's departments looking for the most expensive item. Here's what we found.
In Pictures: Funny animal faces
'Phoenix Jones' is unmasked, but not alone: Five other real-life superheroes

Phoenix Jones is not alone. Here are five other costumed vigilantes who prowl the streets in the name of fighting what they perceive as crime.
In Pictures: Daring dogs

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Enormous forest fire in New Mexico sets state record for acres burned (+video)

For the second year in a row, New Mexico is battling a huge, record-setting forest fire. The Whitewater-Baldy fire, triggered by lightning strikes, has torched more than 170,000 acres.
Radioactive tuna travels from Japan to US faster than wind

Low levels of nuclear radiation from the Fukushima power plant have turned up in 15 bluefin tuna caught off San Diego. The fish is not harmful to humans, say researchers.
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.
San Diego student forgotten for days in DEA cell

Daniel Chong, a UC San Diego engineering student, began to hallucinate from lack of food and water.
Saga of California's Salton Sea: a tragic chapter ahead?

Some worry that a water-diversion deal, sending farm irrigation water to sprawling San Diego, will spell doom for the Salton Sea – and exposure to toxins for humans and wildlife. Others say protections are in place to ensure that can't happen.
Marine discharged for slamming Obama on Facebook

Marine Corps Sgt. Gary Stein will be given an other-than-honorable discharge. Sgt. Stein criticized President Obama on Facebook.
Stir It Up!
Minted pesto and cooking with Mom

Special family connections happen in the tiny space of a kitchen.
Into the jungle on the hunt for Joseph Kony

The Kony 2012 campaign has made Joseph Kony infamous. But for the Ugandan troops hunting him in the jungles of central Africa, finding him remains a mammoth task.
Record Store Day: earth's vinyl days

On April 21, the fifth annual Record Store Day will get off to a rockin' start when doors open in about 1,000 record stores in some 20 countries.
Mother slain, baby abducted: kidnapper had suffered miscarriage

Verna McClain, who has been accused of killing a young mother and stealing her baby, is said to have been trying to replace the one she lost.
Tax day horror story: taking your money ... and your identity

The IRS is making it a top priority to crack down on the burgeoning tax day scam of identity fraud. In 2011 the agency thwarted $1.4 billion in fraudulent refunds.
Report cites fracking-related activities as potential suspect in minor quakes

The rate of minor earthquakes from Colorado to Ohio has quickened in the past decade. But the report doesn't make a direct link between fracking and quakes, notes an Interior official.
Culture Cafe
'Anchorman 2' director Adam McKay hints at plot details

'Anchorman 2' director Adam McKay gives some cryptic clues about the sequel's plot.
Obama vs. Romney: Who's most 'elitist' and out of touch?

Barack Obama and Mitt Romney are both Harvard graduates. Both are wealthy, although Romney is much richer. Each campaign is trying to paint the other as a candidate for American's wealthy, not the ordinary voter.
Virginia Beach Navy jet crash: what is known so far

The Navy jet crash in Virginia Beach Friday destroyed or damaged several apartment buildings. The search for survivors continues as officials begin investigating what caused the accident.
Board seeks Marine's dismissal over 'contemptuous' anti-Obama Facebook comments

The Marine Corps administrative board said after a daylong hearing late Thursday at Camp Pendleton that Sgt. Gary Stein has committed misconduct and should be dismissed.
Global Payments credit-card data breach: How big is the theft?

The Global Payments breach is the largest known credit-card theft from a business or financial institution in the past two years. Last year, data from some 3.4 million credit cards were grabbed.
Iraqi community perplexed, wary after slaying of Iraqi-born mother

Officials are cautioning residents in El Cajon, Calif., against jumping to conclusions while the death of Shaima al-Awadi, an Iraqi immigrant, is investigated. She died after a brutal beating last week in her home. Police have not ruled out a hate crime.
Chapter & Verse
'Lorax' statue goes missing from Seuss property

A statue of the famous Dr. Seuss character the Lorax was taken from the author's estate in San Diego.
Decoder Wire
Obama's open mic moment: How big a flub? (+video)

Obama's open mic incident happened on Monday when he told the Russian president that he would have 'more flexibility' in missile defense negotiations after the 2012 elections.
Obama tells Russia that election will bring 'flexibility' on missile defense

The president's comments were caught accidentally by a microphone left on during a private conversation with Russian leader Dmitry Medvedev.
Peyton Manning arrives in Denver, (almost) ready to lead Broncos

Peyton Manning was introduced as the latest Broncos quarterback Tuesday afternoon in Denver. Manning's happy to have Tim Tebow as his teammate, for now.
Bankruptcy jitters in Stockton. Will other cities fail?

Bankruptcy of Stockton, Calif., looms large as city enters talks with creditors. But most other troubled California municipalities are taking drastic steps to avoid bankruptcy.
Change Agent
Why 'Kony 2012' video grabbed 100 million views online

The  'Kony 2012' online video, urging action against warlord Joseph Kony and his Lord's Resistance Army in Central Africa, works because it tells a simple story that makes the viewer the hero, an expert says.
Kony 2012: 75 million viewers later, some Ugandans get first glimpse of film

Invisible Children's Kony 2012 film has sparked a global conversation about African warlord Joseph Kony. So far, however, little has been heard from those living closest to the conflict.