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Shares slump; Facebook 'not living up to the hype'

Shares slump; Facebook 'not living up to the hype'

Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.

Facebook founder Mark Zuckerberg weds

Facebook founder Mark Zuckerberg weds

Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan at the weekend, announcing the nuptials through a status update on the social networking site.

Facebook IPO: rough ride tipped

Facebook IPO: rough ride tipped

The Facebook share price is expected to be volatile over the next few days, although new rules implemented by the United States Financial Industry Regulation Authority will help control the fluctuation, Forsyth Barr broker Haley Van Leeuwen says.

Facebook IPO marred by trading glitches

Facebook IPO marred by trading glitches

For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise.

Facebook privacy fears for job applicants

Facebook privacy fears for job applicants

The Privacy Commissioner is concerned at reports that employers are seeking access to job applicants' Facebook pages, and has fears that the overseas trend of making it a requirement for employment will catch on in New Zealand.

Zuckerberg kicks off Facebook roadshow

Zuckerberg kicks off Facebook roadshow

Facebook Inc CEO Mark Zuckerberg has fielded questions about the No. 1 social network's slowing revenue growth and its $1 billion purchase of Instagram as he kicked off a cross-country roadshow to promote the company's $10 billion initial public offering.

Facebook tip-off leads to arrest

A Facebook tip-off has been credited with helping catch a 25-year-old driver who allegedly fled police after crashing into another car in Otorohanga.

Facebook plans to raise $12 billion in mega IPO

Facebook plans to raise $12 billion in mega IPO

Facebook plans to raise as much as $US12 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon's.

Facebook buy all about access

Facebook caused a considerable amount of comment yesterday with its $US1 billion ($NZ1.2 billion) purchase in cash and stock for Instagram, a photo-sharing application.

Yahoo suing Facebook over patents

Yahoo is suing Facebook over patents, just weeks before the social-networking heavyweight is due to cash in with its initial public offering of stock.

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