17-05-2012 22:17 Facebook is planning to sell 18 per cent of its company to the public on Friday in an IPO that could value the social networking site at $ 100 billion.
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FTN: Does social media offer more value than mainstream media? - Video
18-05-2012 09:13 From his headquarters in Menlo Park, California, Facebook chief executive Mark Zuckerberg rang the opening bell on the US Nasdaq market on Friday to announce the listing of his eight-year-old social networking company.
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Zuckerberg rings opening bell at Nasdaq to mark Facebook listing - Video
18-05-2012 19:38 SmartMoney's Quentin Fottrell checks in on Mean Street to reveal the real reason social networking sites want your photos. Photo: AP.
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Here's Why Social Media Wants Your Photos Real Bad - Video
Facebook, the world's biggest social-networking site,has raised $16bn for itselfin a highly anticipated stock market debut.
The social networking site floated 421 million shares of common stock at $38 inFriday's initial public offering (IPO), valuing the company at $104bn and makingit thethird-biggest public offering in US history.
Just after the offering, which was delayed by a half-houruntil 11:30am EDT, the stock jumped to $42.05 in the opening trades. But the company's new stock closed barely higher than its opening price at $38.15.
"The negativity in the market overall has put a damper on the IPO," said Darren Hayes, a Pace University professor.
"It's not uncommon in an IPO to see a big rise and then for the price to come back down, but I'm a bit surprised after all the hype."
More than 500 million sharesexchanged hands, setting a US record for volume on the same day of an IPO.
'Mark listed FB'
From a student dormitory at Harvard to plush headquarters in Silicon Valley, Facebook - now the world's second-most-visited website - has grown rapidly since its founding in 2004 by Mark Zuckerberg.
Wearing his trademark hoodie and standing before a huge crowd in Menlo Park, California, Zuckerbergremotely opened trading this morning on the NASDAQ Stock Market.
"With 1,000 other Facebook employees, Zuckerberg had an all-night code-a-thon," Al Jazeera's Scott Heidler reported from New York.
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Facebook fails to set stock market alight
Kids need counselling on networking sites: Experts
(IANS) / 19 May 2012
Children addicted to social networking sites without understanding their implications are falling victim to grudges which move from cyberspace to the real world, say police, teachers and psychologists.
Their views come in the wake of a Class 10 student on Wednesday stabbing his classmate in a central Delhi school, apparently miffed at the latter posting a photograph of his on Facebook.
Recently, we came across a case where students had created a page on their teacher on a social networking site so that they can make fun of her and abuse her, a officer of Delhi Polices cyber cell, who did not want to be identified, said.
The lack of counselling and emotional management skills in children along with unhindered access to networking sites are giving way to violent expressions among children unable to handle the situation, the experts said.
Children need to be told that networking sites are not for spreading hatred or vent anger. Schools should take initiatives and counsel the students. This is a must. Unfortunately, not much attention is being given to counselling on cyber activity, Deputy Commissioner of Police (Economic Offence Wing) K.K. Vyas said.
Social media provides space for youngsters to hide and vent their anger. So, teaching children anger management will be the best solution for controlling violence, said Director of Mental Health and Behaviourial Sciences at Fortis Hospital Sameer Parekh.
He said schools must teach anger management. Parents and teachers must also pay attention to childrens behaviour, he said.
However, with unhindered access from their homes, teenagers just could not get enough of networking sites, said a teacher.
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Kids need counselling on networking sites: Experts