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Class-action Suit Filed Against Facebook over IPO Issues

Facebook hit with suit

May 25 2012, 1:00pm CDT | by

15 Updates
Class-action Suit Filed Against Facebook over IPO Issues
 
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A law firm called Kessler Topaz Meltzer...

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Update: 15

Teens tired of Facebook, hot on Twitter, savvy reputation managers

Source: American Public Media

Teenagers are less into Facebook and more into Twitter these days, according to a new report from the Pew Internet and American Life project. To view this content, Javascript must be enabled and Adobe Flash Player must be installed. Mary Madden, s ...
Full article at: American Public Media  More like this  30 minutes ago

Update: 14


Quote:
"Facebook just really seems to have more drama"


Source: Fox News Latino

Update: 13

St. Louis TV anchorman fired over Facebook posting

Source: Belleville News-Democrat

ST. LOUIS — A veteran TV anchorman has been fired in the wake of comments he made on Facebook claiming "pressure" by the IRS following his 2012 interview with President Barack Obama. KMOV-TV announced the firing of Larry Conners o ...
Full article at: Belleville News-Democrat  More like this  51 minutes ago

Update: 12

Twitter Winning Teens As Parents Flood Facebook

Source: Fox News Latino

A view of an iPhone in Washington Tuesday, May 21, 2013, showing the Twitter and Facebook apps among others. A new poll finds that teens are sharing more about themselves on social media. Theyâre also moving increasingly to Twitter to a ...
Full article at: Fox News Latino  More like this  54 minutes ago

Update: 10

Facebook won't bring HTC First smartphone to the UK after all

Source: Engadget

After a series of rumors about the HTC First not selling too well in the States, we've now heard that the customized Facebook / Android handset won't be coming to the UK. Mobile News initially reported that UK pre-orders will ...
Full article at: Engadget  More like this  59 minutes ago

Update: 9

HTC First “Facebook phone” UK launch plans axed [Confirmed!]

Source: Slashgear

Plans to launch the HTC First “Facebook phone” in the UK have been axed, it’s claimed, with preorders on exclusive carrier EE cancelled. A poor reception to the Android handset in the US, where carrier AT ...
Full article at: Slashgear  More like this  1 hour ago

Update: 8

NFL Star J.J. Watt Meets With Quadriplegic Fan After Facebook Campaign Goes Viral

Source: The Inquisitr

J.J. Watt is perhaps the best role model in the NFL. When fans with special needs and special circumstances come calling he shows up. First there was the six-year-old fan who he “married” after her tearful YouTube please, then there was t ...
Full article at: The Inquisitr  More like this  1 hour ago

Update: 7

Facebook & Twitter impacting credit reports

Source: FOX 19 News Cincinnati

A 9-year-old Cincinnati boy is one of four finalists in the Secret Millionaires Club 'Grow Your Own Business Challenge.' Almost 4,000 kids ages 7 to 16 entered their creative business ideas to the competitionFull Story > ...
Full article at: FOX 19 News Cincinnati  More like this  1 hour ago

Update: 6

Facebook: How O2 Reached 20% Of The UK Online Population In 3 days

Source: Simply Zesty

Facebook has just released details of a new campaign run by O2 earlier this year, that saw it reach over 9 million people (approximately 20% of the UK online population) in just three days. The campaign centred around the launch of their ...
Full article at: Simply Zesty  More like this  1 hour ago

Update: 5

Report: Student taken off bus after Facebook threat

Source: Orlando Sentinel

A Winter Springs High student was taken off his school bus Thursday after making a threat on Facebook, wesh.com is reporting. The teenager posted some type of threat about students at his school with a p ...
Full article at: Orlando Sentinel  More like this  1 hour ago

Update: 4

The 6 Metrics That Determine Your Success On Facebook

Source: Duct Tape Marketing

Thursday is guest post day here at Duct Tape Marketing and today’s guest is Emeric Ernoult – Enjoy! Feeling a bit lost with your Facebook Page insights? Good. Facebook Insights terminology (https://www.facebook.com/help/336143376466063/) was not b ...
Full article at: Duct Tape Marketing  More like this  1 hour ago

Update: 3

No HTC First Facebook phone for UK, pre-orders will not be fulfilled says report

Source: Pocket Lint

When the Facebook launcher for Android was announced, so too was the much-tagged "Facebook phone", the HTC First. It is a low to mid-range handset that comes with the Facebook Home software as the front-end as standard. It is also dying a d ...
Full article at: Pocket Lint  More like this  1 hour ago

Update: 2

Get Started With Facebook Comments For WordPress

Source: Biz Sugar

Facebook comments for WordPress allows you to put a Facebook comment box and a Facebook like box directly on your blog. Marsha Friedman believes your business should have more than just a brand. She believes ...
Full article at: Biz Sugar  More like this  1 hour ago

Update: 1

High Court seeks suggestions from Facebook, Google to protect Indian children

Source: NDTV

Worried" that children can be exploited through social networking sites, Delhi High Court on wednesday asked Facebook and Google to submit within four weeks suggestions on safety measures for online usage of such sites by minors in India. A bench of ju ...
Full article at: NDTV  More like this  2 hours ago

Full Story

Class-action Suit Filed Against Facebook over IPO Issues

A law firm called Kessler Topaz Meltzer & Check, LLP has announced that it has filed a class-action lawsuit against Facebook in the United States District Court for Southern District of New York on behalf of those that purchased stock in Facebook's IPO. Facebook's IPO was on May 18 and according to the complaint Facebook and certain officers, directors and underwriters violated the Securities Act of 1933.

The legal firm claims that the company and underwriters failed to disclose the fact that Facebook is experiencing severe and pronounced reduction in revenue growth due to people moving to mobile apps to access the site. The suit is seeking a lead plaintiff that has to be certified by the court as having complaints similar to those of the class. The suit is seeking damages from Facebook.

 

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.

 

 

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