On Thursday, May 17, 2012 Facebook (NASDAQ: FB) today the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on May 18, 2012, under the symbol “FB.” Facebook is offering 180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions.
In addition, Facebook and the selling stockholders have granted the underwriters a 30-day option to purchase up to 63,185,042 additional shares of Class A common stock to cover over-allotments, if any.
Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, Barclays, Allen & Company LLC, Citigroup, Credit Suisse and Deutsche Bank Securities are serving as book runners for the offering. RBC Capital Markets and Wells Fargo Securities are serving as active co-managers.
The offering will be made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department (Tel: +1 866 718 1649; e-mail: firstname.lastname@example.org); J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (Tel: +1 866 803 9204); or Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attention: Prospectus Department (Tel: +1 866 471 2526, e-mail: email@example.com).
A registration statement related to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
On Wednesday, January 18, 2012 Diversity News Magazine, an online and print consumer news magazine published by Diversity News Publications & Executive Editor-In-Chief Esteban “Steven” Escobar announced that they are on strike today to fight SOPA and PIPA.
They join Millions of Americans to oppose SOPA and PIPA bills. Also Diversity News Publications website on strike today to fight SOPA and PIPA.
More about SOPA and PIPA
Members of Congress are trying to do the right thing by going after pirates and counterfeiters but SOPA and PIPA are the wrong way to do it.
1. SOPA and PIPA would censor the Web
The U.S. government could order the blocking of sites using methods similar to those employed by China. Among other things, search engines could be forced to delete entire websites from their search results. That’s why 41 human rights organizations and 110 prominent law professors have expressed grave concerns about the bills.
2. SOPA and PIPA would be job-killers because they would create a new era of uncertainty for American business
Law-abiding U.S. internet companies would have to monitor everything users link to or upload or face the risk of time-consuming litigation. That’s why AOL, EBay, Facebook, Google, LinkedIn, Mozilla, Twitter, Yahoo and Zynga wrote a letter to Congress saying these bills “pose a serious risk to our industry’s continued track record of innovation and job-creation.” It’s also why 55 of America’s most successful venture capitalists expressed concern that PIPA “would stifle investment in Internet services, throttle innovation, and hurt American competitiveness”. More than 204 entrepreneurs told Congress that PIPA and SOPA would “hurt economic growth and chill innovation”.
3. SOPA and PIPA wouldn’t stop piracy
To make matters worse, SOPA and PIPA won’t even work. The censorship regulations written into these bills won’t shut down pirate sites. These sites will just change their addresses and continue their criminal activities, while law-abiding companies will suffer high penalties for breaches they can’t possibly control.
There are effective ways to combat foreign “rogue” websites dedicated to copyright infringement and trademark counterfeiting, while preserving the innovation and dynamism that have made the Internet such an important driver of American economic growth and job creation. Congress should consider alternatives like the OPEN Act, which takes targeted and focused steps to cut off the money supply from foreign pirate sites without making US companies censor the Web.
If these bills pass, one infringement would be enough for a copyright holder to file to take down an entire website. YouTube could disappear overnight. Same with Vimeo, Flickr, Twitter, or even WonderHowTo. Enacting such a draconian law would stifle innovation from new web startups. It would be too risky to create a website where people could submit their own whatever. Even the White House has spoken out about its concerns, emphasizing that they “will not support” any bill “that reduces freedom of expression, increases cybersecurity risk, or undermines the dynamic, innovative global Internet.”
Sources: Google, http://www.businessinsider.com
Video courtesy of YouTube.com/EngineAdvocacy
We decided to contact them on Wednesday, November 16, 2011 with the following email:
“Not sure if somebody have brought to your attention the for around 3 weeks we have seen multiple porn photos of man and female showing in our Facebook Walls. Also we notice your website is not secure anymore. Can you please provide me a reason what is happening and what are you doing for resolving this problem? You know the minors are on Facebook and for them to see man or female private parts is not right at young age.”
Here is an Example of somebody on Facebok posted the following concern:
HACKERS ALREADY ENTERED IN FACEBOOK & THEY ARE PUTTING SEXUAL VIDEOS TO YOUR NAME ON THE WALLS OR PROFILES OF YOUR FRIENDS WITHOUT YOU KNOWING IT. YOU
DON´T SEE IT, BUT OTHER PEOPLE CAN SEE IT, AS IF THESE WERE A PUBLICATION THAT YOU MADE! SO IF YOU RECEIVE SOMETHING FROM ME ABOUT A VIDEO, IT’S NOT MINE! copy this in your wall. It is for the security of YOUR OWN IMAGE (Just in case).
Facebook Response to Diversity News Magazine:
Immediately their press agents representatives responded to us with the following important information:
“We’ve identified many of the actors responsible parties and we will ensure appropriate action will be taken against those responsible. ” said Facebook spokesperson.
Also, here is an earlier statement from Facebook that describes more background on what happened.
“Protecting the people who use Facebook from spam and malicious content is a top priority for us. Recently, we experienced a spam attack that exploited a browser vulnerability. Our team responded quickly and we have eliminated most of the spam caused by this attack. We are now working to improve our systems to better defend against similar attacks in the future.
Our engineers have been working diligently on this self-XSS vulnerability in the browser. We’ve built enforcement mechanisms to quickly shut down the malicious Pages and accounts that attempt to exploit it. We also been put those impacted through educational checkpoints so they know how to protect themselves. We’ve put in place backend measures to reduce the rate of these attacks and will continue to iterate on our defenses to find new ways to protect people.
What people can do to protect themselves?
1. Never copy and paste unknown code into your address bar
2. Always use an up-to-date browser
3. Use the Report links on the site to flag suspicious behavior or content on your or your friends accounts”
Founded in February 2004, Facebook’s mission is to give people the power to share and make the world more open and connected. Anyone can sign up for Facebook and interact with the people they know in a trusted environment. Facebook is a privately held company and is headquartered in Palo Alto, California.
Source: Facebook press agency
Editor’s Note: So remember if you see some pornography on your friends or Facebook fan pages report it and do not think they are sick is just somebody hacked to their accounts and contact them immediately.