Facebook stock sinks even more, down more than 9% today

Facebook’s stock on the Nasdaq exchange has dropped by more than 9 percent in trading Tuesday and is now floating around $29 a share, a steep drop from its original IPO price of $38.

The massive social network debuted 11 …

Dylan’s Desk: Facebook’s IPO shows the playing field is permanently tilted

If there was any doubt that Wall Street is a sucker’s game designed to take money from stupid people and put it into the hands of bankers and powerful corporations, Facebook’s initial public offering should clear that up.

Let me …

The Facebook effect: Opera shares jump to record highs on Facebook rumors

Nothing gets a company’s stock price moving quite like rumors of a Facebook acquisition.

The latest beneficiary is browser maker Opera, whose shares jumped 26 percent Tuesday on the speculation that it’s in Facebook’s acquisition crosshairs, Bloomberg notes. The move …

Russian search engine Yandex may sell its share of Face.com to Facebook

Facebook’s rumored interest in purchasing facial recognition startup Face.com may become a reality thanks to some help from an unlikely source.

Russian-based search engine Yandex is said to be mulling the sale of its share in Face.com to the social …

Idiot teenager’s gaffe proves we have no clue about Facebook privacy

Today, an Australian teenage girl’s indiscreet Facebook post led to a break-in and robbery at her mother’s home.

The girl, 17, had been helping her grandmother count the 72-year-old woman’s personal savings. Apparently wishing to impress her friends and the …

Why Facebook doesn’t need a Facebook Phone (but will try anyway)

With Facebook’s recent unveiling of a camera app for the iPhone, as well as a universal app store, it’s becoming clearer to me that even if the company is planning a phone of its own, it likely won’t be as …

VBWeekly gets a visit from the undead, which is appropriate since we’re talking Facebook

This week’s VBWeekly got a little goofy, while our anchor Jolie O’Dell was traveling to the East Coast. We hit on some serious stories, including more on the Facebook drama unfolding post IPO, and a sexual harassment lawsuit that hit …

Instagram picked up 78 percent more uniques in April — thank you, Facebook

A billion dollars will buy you a lot of things, and, in the case of Instagram, one of those things happens to be exposure to millions.

In April, Instagram’s website saw a 78 percent uptick in unique visitors in the …

GamesBeat Weekly Roundup

If you follow VentureBeat but don’t regularly check our GamesBeat site, here’s a list of the best games stories we ran over the last seven days that you may have missed.

Facebook testing new “star your close friends” feature

Facebook users who logged in last night may have caught a glimpse of a new feature on Facebook. The largest social network in the world is testing “Star Your Close Friends,” an experimental feature that will ensure you see more …

The DeanBeat: myVegas social casino games launches with partner MGM

Social casino game startups are the cliché of 2012. Everybody is either starting a new company in this hot market — on the bet that the U.S. will allow online gambling sites again — or spending a lot of money …

The inside story: How Facebook panicked and botched its IPO

There’s been a ton of coverage about the Facebook IPO disaster, but very little of it looks at the crucial point two weeks ago where things went terribly wrong. It’s becoming increasingly clear that Facebook itself made a strategic blunder …