A year after IPO, Facebook still down 30% (but the future is bright)

May 17, 2013 9:25 AM John Koetsier
John Koetsier

A year ago today, CEO Mark Zuckerberg "rang the bell" to open trading in one of the most hotly-anticipated initial public offerings in history as Facebook hit the stock market. And promptly went splat.

Analysts lower their expectations for Facebook revenue by $1B for 2012

August 30, 2012 10:38 AM Jolie O'Dell
Jolie O'Dell

In yet another financial PR blow, Facebook's revenue estimates from analysts at eMarketer have dropped to around $5 billion for 2012. Previously, the firm forecast revenues of $6 billion for the year.

Massachusetts’ Secretary of Commonwealth subpoenas Morgan Stanley over Facebook

May 22, 2012 3:27 PM Sarah Mitroff
Sarah Mitroff

William Galvin, Secretary of Commonwealth for Massachusetts, is subpoenaing Facebook investor Morgan Stanley, Reuters reports.

“The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst’s discussion with certain institutional investors about the revenue prospects …