Facebook Inc shares slid below $29 to a new low on Tuesday as nervous investors fled the company's shares, concerned about the social network's long-term business prospects and an initial offering pri

The fortune of Mark Zuckerberg, the co-founder of the world's largest social-networking company Facebook, fell to USD 14. billion on Tuesday from USD 16.2 billion on Friday, as shares dropped 9.6 per

A Delhi court on Wednesday dismissed the plea of Facebook India for dropping its name from a suit against it and other social networking websites for allegedly hosting objectionable contents.

Admini

A British priest has apologised for some unholy language on his Facebook page, his bishop says.

Canon Paul Shackerley, Vicar of the Minster Church of St. George in Doncaster in northern England, rais

The horrendous stock market debut for Facebook suggests investors are not ready to jump in and create another tech bubble despite big expectations for social media, analysts say.

Facebook closed out

Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation.

Court b

Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems w

Facebook on Wednesday said it would ‘vigorously’ defend itself as it rejected a New York investor lawsuit over its $16 billion initial public offering last week.

"We believe the lawsuit is without me

Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offeri

In its three days of trading, Facebook's stock has dropped 18 per cent from its $38 issue price.

For the thousands of investors that bought at the IPO, that's bad enough, but one analysis of its ear