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Old 05-23-2012, 12:03 PM   #91
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Uhoh

(Reuters) - Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering.

The defendants, who also include Facebook Chief Executive Officer Mark Zuckerberg, were accused of concealing from investors during the IPO marketing process "a severe and pronounced reduction" in revenue growth forecasts, resulting from increased use of its app or website through mobile devices. Facebook went public last week.

The lawsuit was filed in U.S. District Court in Manhattan on Wednesday, according to a law firm for the plaintiffs. A day earlier, a similar lawsuit by a different investor was filed in a California state court, according to a law firm involved in that case.

In the New York case, shareholders said research analysts at several underwriters had lowered their business forecasts for Facebook during the IPO process, but that these changes were "selectively disclosed by defendants to certain preferred investors" rather than to the public generally.

"The value of Facebook common stock has declined substantially and plaintiffs and the class have sustained damages as a result," the complaint said.

Representatives of Facebook and Morgan Stanley did not immediately respond to requests for comment.
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Old 05-23-2012, 02:52 PM   #92
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yep, it's been all over the news here too... looking pretty dodgy to say the least...
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Old 05-23-2012, 04:37 PM   #93
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I remember the simple days of backpacking around Asia in mid 90's when you had to queue up in the middle of nowhere to use a computer that was as slow as molasses to send your once a month email home. Then you could dissappear into the night and not be seen or heard of for another month. Fun times.

FB has it's uses - for me, living in another country 6000 km away from home, it's a great way to keep in touch with family, friends, share photos and stories and generally keeping in touch. I don't think there is anything particularly wrong with that. I do think it increases the voyeur in us - watching what people whom you knew 20 years ago are now up to in their lives, esp. if they are the ones who post what they had for breakfast, dinner or tea and everything in between. I'm starting to lose interest in it and I'd love to be able to walk away from it. Maybe I will, but it will then mean having to write many more emails to many people when a simple status update will suffice.

As for sharing password with a potential recruiter.. what next.. they secretly follow you on a Friday night to see how many beers you drink or if you pull strangers for a one night stand? Is this something that's happening primarily in the US?

Big Brother is alive and well.
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Old 05-29-2012, 12:34 PM   #94
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Overshare can be very dangerous. She probably took a cell phone photo and they probably traced it that way.

msn.com

Family robbed after teen posts photo of money on Facebook

Paul J. Richards
By Rosa Golijan

On Thursday, a teenage girl posted a photo of a "large sum of cash" on Facebook. About seven hours later, two robbers arrived at her family's home. Unsurprisingly, this incident prompted local authorities to issue a warning about the dangers of posting photographs online.

According to BBC News, the 17-year-old girl was helping her 72-year-old grandmother count her cash savings when she decided to snap a photo of the money and post it on Facebook. A press release by the local police force explains that this social media activity occured in Sydney, Australia at about 4 p.m. on Thursday. At 11:30 p.m. on the same day, a house about 75 miles south-west was invaded by two armed men. The girl's mother, a 58-year-old man and a 14-year-old boy were home at the time.

Brandishing a knife and a wooden club, the two men "allegedly entered the home demanding to speak with the girl about the cash" seen in the Facebook photo. After the girl's mother explained that she no longer lives at that address, the men proceeded to search the house and "took a small amount of cash and other personal property before leaving."

It is unclear how the robbers connected the girl's social media activity to her mother's home address, but authorities are nonetheless urging "users of social media to take extreme caution when posting photographs and personal information." I suspect that's a polite way of saying "Use some common sense, folks!"
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Old 05-30-2012, 09:28 AM   #95
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what a fucking idiot. this is why the only time you share money news on facebook is either bad news or just smallish good news (i found $5 on the ground. score!)

posting stacks of cash is so dumb anyway. the closest i've ever come is taking a photo i got from a slot machine for a whopping $72 when i started out with $6 or 7.
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Old 06-04-2012, 04:40 PM   #96
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one more step

Facebook Explores Access for Younger Kids - WSJ.com

in the wrong direction, unless downhill is the destination
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Old 06-04-2012, 06:44 PM   #97
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I guess there are so many kids under the age of 13 (isn't that the required age, not sure) who are already on it "illegally", but still a very bad idea. Corporate greed.
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Old 06-05-2012, 01:45 AM   #98
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eh, I think it's a decent idea. You can't really stop preteens from making an account -- if you have an age limit, they'll just lie about there age-- so this way, you can at least make it safer for them to use the site.
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Old 06-06-2012, 02:49 PM   #99
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I know this is not a FB post

but a tweet

still, it is a winner

https://twitter.com/AmandaBynes/stat...51606975598595
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Old 06-06-2012, 02:51 PM   #100
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He's so obsessed with celebrities that he'll probably do it. Barack Hussein Bynes.
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Old 06-06-2012, 02:57 PM   #101
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He is saving all of his pardons for the last minute,
for people like O J and Mumia Abu-Jamal.
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Old 06-07-2012, 11:38 AM   #102
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so will there be a new thread entitled "facebook ruined my stock portfolio and/or retirement" ?

not, ya know, mine personally... but, ya know, yea.
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Old 06-08-2012, 09:55 PM   #103
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I don't know. I think it's not facebook's job to police what kids are doing. It's not like this is teenagers we're talking about here. It's not that difficult for a parent to keep a twelve-year-old's internet connection monitored and censored. If you don't want your elementary-level children on facebook, it's your job to keep them off of it.
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Old 06-08-2012, 11:25 PM   #104
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12-year olds can easily unmonitor and uncensor a monitoring and censoring piece of software nowadays.
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Old 06-09-2012, 02:08 AM   #105
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Quote:
Originally Posted by Dfit00 View Post
12-year olds can easily unmonitor and uncensor a monitoring and censoring piece of software nowadays.
Actually, it's extremely easy to control what kids have access to if you control the computer. IMHO kids under the age of thirteen shouldn't even be touching a computer without parental supervision.
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