Facebook’s initial public offering is off to a less than spectacular start, to put it generously. The stock closed at $31 on its third day Tuesday, down 18% from its initial offer price of $38, which valued the company just above $100 billion… Tweet This Post

Facebook’s initial public offering is believed to have created as many as 1,000 new millionaires Friday, many of them employees who helped build the world’s largest social network. Now that the company is public, Facebook’s biggest challenge may be making sure it doesn’t have an exodus of talent… Tweet This Post

Facebook is the social butterfly of Internet society, but as a company it has been a wallflower, reluctant to share any but the barest hints of its strategies and finances. Last Friday’s IPO coming-out party debuted the shy corporate entity in the realm of public companies and shareholder scrutiny… Tweet This Post

A federal judge has refused to order a Norwegian website that describes itself as “the number one socializing porn and sex network” to turn over its name to Facebook. U.S. District Judge Jeffrey White last week ruled that the court had no jurisdiction because Facebook, which sued in California, had failed to show that the owner [...]

If there were some video chat corollary to Moore’s Law, ooVoo is adhering to it. Almost a year to the day after announcing six-way calls, the company is expanding its offerings to include 12-way chats on both Facebook and ooVoo’s iPad app… Tweet This Post

Actor Richard Dreyfuss took an unexpected detour before his tribute to Steve Jobs at Monday night’s Webby Awards, taking a moment to criticize Mark Zuckerberg and Sergey Brin. “Mark Zuckerberg and Eric Brin,” Dreyfuss said, possibly confusing former Google CEO Eric Schmidt and company co-founder Sergey Brin, “if you’re going to take our privacy away [...]

Facebook unveiled its new app on Monday that lets you manage your branded Facebook page from your iPhone. Using the Facebook Pages Manager app you can respond, post and comment on your page, plus post updates and photos… Tweet This Post

Like Milo before it, Wishpond launched in late 2010 to build a local search engine that aggregates realtime inventory and product listings from brick and mortar retail stores — from big chains to mom and pop shops… Tweet This Post

Katy Perry‘s new lyric video for “Wide Awake,” a song the pop star debuted at Sunday’s Billboard Music Awards, tells the story of her recent career events as displayed through Facebook’s Timeline feature… Tweet This Post

Now it’s easier than ever to nosh while you’re posting a status update. Ordr.in, a Google Ventures-backed startup, offers a Facebook app that turns ordering food for delivery into a social experience. “Food is inherently social,” David Bloom, CEO of the five-employee New York City shop, said in an interview… Tweet This Post

Former Rutgers student Dharun Ravi, whose webcam set up to spy on his gay roommate Tyler Clementi may well have contributed to Clementi’s suicide, was sentenced in a New Jersey courtroom Monday — to 30 days in jail… Tweet This Post

Nasdaq has acknowledged the technical glitches that delayed the start of Facebook IPO for approximately 30 minutes and vexed many investors. “This was not our finest hour,” said Robert Greifeld, chief executive of Nasdaq OMX Group Inc, in an interview with reporters… Tweet This Post