Wall St up on banks, housing data; Facebook dips

Facebook shares hit again as valuation doubts rise

NEW YORK (Reuters) - The selloff in Facebook's shares deepened on Tuesday, as investors continued to question the stock's valuation after Reuters reported that underwriters cut their revenue forecasts for the company before the IPO. [ID:nL4E8GM35V] Facebook's shares hit a low of $30.98 on Tuesday, 8.9 percent below Monday's close, a loss of 18 percent from their $38 IPO price. At the low, the stock had lost 30 percent from an intraday high of $45 hit shortly after trading started on Friday. ...

Facebook shares pummeled again

Facebook sank again Tuesday, with sellers pushing the price of its newly listed shares down more than 5.0 percent in opening trade.

Facebook Stock Falls Nearly 9 Percent

Ahead of the bell: Facebook

Where are Facebook's friends? Stock down after IPO

Facebook was supposed to soar. Instead, it plunged.

'Thank You Facebook' Song Will Change Your Life [VIDEO]

Facebook IPO Fallout: Four Lessons From a Rocky Public Debut

Facebook Cracks Top 20 Most-Valuable Brands List

Cannes preview of Tarantino's 'Django Unchained' creates Twitter buzz

Select Cannes Film Festival attendees were treated to an extended preview of Quentin Tarantino's fantasy thriller Django Unchained on Monday night. The film had become the apex of Twitter buzz about Cannes on the morning of May 22.

Today's e-Reads: Has the Facebook Bubble Already Popped?

Twitter index: fans urge Lady Gaga to cancel Jakarta show

Indonesian fans are urging Lady Gaga to cancel her upcoming show in Jakarta over to fears it’s not safe for her to perform in the country.

Wall St rebounds, but investors dump Facebook

Nasdaq seen struggling with aftermath of Facebook IPO

Facebook shares sink 11 percent as reality overtakes hype

(Reuters) - 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's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...

Insight: Morgan Stanley cut Facebook estimates just before IPO

(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ...

Silicon Valley takes Facebook fizzle in stride

SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now. ...

Nasdaq seen struggling with aftermath of Facebook IPO

NEW YORK (Reuters) - Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image. Initially, the exchange said it plans to set aside $13 million to resolve bad trades, and even if all of that was used, the cost would be minimal compared with the $387 million in net income it reported last year. The bigger hit to Nasdaq's business is likely to come from the damage done to its reputation by the stumble. ...

Facebook stock slide puts new pressures on company

20 TV Shows With the Most Social Media Buzz This Week

Wall Street rebounds, but investors dump Facebook

NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector index surging 2.8 percent on the strength of Apple Inc . Shares of Apple climbed 5.8 percent to $561.28, leading the Nasdaq to its biggest one-day percentage gain since December 2011. ...

Manage Your Facebook Page From this New App

Google CEO Larry Page on Charlie Rose -- Talks Facebook, Future of Google

Going public: Key developments in Facebook's IPO

Early Facebook mutual fund buyers still in money

Ubisoft’s Ghost Recon comes to Facebook [video]

Facebook, the world’s largest social networking site, is filled with a large selection of social and casual games, such as Draw Something, Words With Friends and FarmVille. While the topic of Facebook gaming is widely discussed, there isn’t much there in the way of titles that would attract the hardcore gaming crowd. Ubisoft is looking to change that, however, with the release of Tom Clancy’s Ghost Recon Commander. The game, unlike its console counterpart, is not a first-person shooter but instead a 2D game with an overhead viewpoint that contains both social and more complex aspects. Players are given the option to invite and team up with their Facebook friends to form alliances and complete a variety of missions. The

Facebook Growing Up, Losing Hype

US shares score solid gains but Facebook flops

US shares racked up strong gains Monday with the Nasdaq adding nearly 2.5 percent helped by an Apple surge, but Facebook shares flipped below their IPO price on their first full day of trading.

Facebook shares plunge below IPO price

Facebook shares plunged nearly 11 percent Monday during the stock's first full day of trade as the enthusiasm from a massive public offering for the social network giant turned to skepticism.

Facebook shares sink 11 percent as reality overtakes hype

(Reuters) - 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's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...

Some investors still await confirmation on Facebook orders

The Facebook Effect: Zynga, other stocks down

Stock market breaks losing streak; Facebook falls

After three weeks of dumping stocks, investors finally found something to be hopeful about.

Investors relieved they got shut out of Facebook IPO

Facebook's underwhelming IPO: Proof the stock was overhyped?

Stocks gain on Wall Street; Facebook falls

After a weekend that brought both fresh concerns about Europe and hopeful signs about China, investors decided to focus on the latter.

Chelsea Dominated Champions League Final on Twitter [INFOGRAPHIC]

Facebook investors left guessing after Nasdaq glitch

Facebook Droops and a Bubble Bursts

Even as the stock market pounds Facebook's freshly issued shares, analysts and techies are still defending the newest public company. After Friday's debacle, which was in part caused by technical glitches, which Nasdaq says it has now fixed, the Facebook sympathizers told us to wait. Day one wouldn't tell the whole story. But Facebook's second day on the market hasn't eased our fears that we're in a social media bubble. In fact, it only suggests the bubble is coming to its end.

'Ghost Recon' tie-in launches on Facebook

Ubisoft's Facebook tie-in for console release Ghost Recon: Future Soldier is launching under the moniker Ghost Recon Commander, a more aggressive style of app offering the opportunity to harvest friends-based body counts rather than barley or bonus word scores.