Market Breaking News: Facebook Announces Pricing of Initial Public Offering at $38 per share
May 17, 2012 by News Desk
Filed under Breaking News, Business News, Consumer News, Featured, Finances, Media, News, Social Media, World News
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: prospectus@morganstanley.com); 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: prospectus-ny@ny.email.gs.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.
Sources: http://www.prnewswire.com and Facebook.com
Graphic logo credit to: Facebook
About News Desk
About Diversity News Magazine: Diversity News Magazine is an independent multi-media outlet own by Minority-Owned Business who works with everyone and it is published by Diversity News Publications. Diversity News Magazine executive editor-in-chief is Esteban Escobar aka Steven Escobar an award winning honored and respected Journalist. Diversity News Magazine is a consumer news magazine covering news, entertainment, features, awards, sports, events and much more. DiversityNewsMagazine.com, an online & special print consumer news magazine that is visited by more than two million visitors a month, it is another venue for advertisers to showcase their products, brands or services on the classified and display pages. The purpose of the magazine is to educate and inform the diverse community worldwide. It focuses on local, national and international news, entertainment, features, sports and more importantly, newsworthy items that would be of interest to our diverse cultures. For more information visit Diversity News Magazine at http://www.diversitynewsmagazine.com/
Facebook Response On Porn Photos and Sexual Videos Appearing on Wall
November 16, 2011 by Esteban Escobar
Filed under Breaking News, Business, Community, Featured, News, Social Media
After getting hacked and seen so many of our loyal readers and friends on Facebook regarding uncomfortable and unwanted Porn Photos and Sexual Videos Appearing on their Facebook Wall.
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.
What happened?
During this spam attack users were tricked into pasting and executing malicious javascript in their browser URL bar causing them to unknowingly share this offensive content. No user data or accounts were compromised during this attack.
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”
About Facebook:
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.
About Esteban "Steven" Escobar
Executive Editor In Chief, Director of Public/Media Relations & Community Affairs, Sales, Reporter, Webmaster & Graphic Designer Specialist. About Esteban “Steven” Escobar: Esteban A. Escobar (born in El Salvador, Central America on September 6th) is an Award Winning American (Journalist, reporter, editor, columnist, writer, producer, director, publicist, radio personality, accounts receivable specialist, humanitarian and philanthropist). Esteban is known as Steven Escobar. He is the Executive Editor-In-Chief of Diversity News Magazine, an online & special print consumer news magazine that is visited by close to two million visitors a month while growing each day. Esteban “Steven” Escobar is also Producer, Director of Diversity News TV, the host of Diversity News Radio, on Air with Steven Escobar and the President of Diversity News Publications, a news/entertainment multimedia firm in Hollywood, CA. Steven Escobar owns E.E.Enterprises and an affiliate of The Diversity News Publications Family of Companies. Steven Escobar is also the official Hollywood and Los Angeles County Events Examiner for Examiner.com and contributor for Yahoo.com distributed via Yahoo Voices. Steven Escobar also gives back to the community by helping charities, and since 2003 to the present, he has been raising money and awareness for AIDS Walk LA benefiting AIDS Project Los Angeles. Also in 2011 Steven Escobar raised money and awareness for The Life Group LA and volunteered for Exotifit For Humanity and The Human Rights Campaign Los Angeles Steering Committee. Steven was nominated for The Shorty Awards 2011 and the People’s Choice Fan Award 2012. In 2012 Steven Escobar receives the Humanitarian Award at the 2012 International Noble Awards. Also on June 2, 2012 Steven Escobar Received the Community and Humanitarian Services Award at Kayamanan ng Bayan for all his contributions to the Filipino American community in Southern California. On 12-12-12 Steven Escobar received Award for Most Fascinating Person of the Year 2012. On 2-22-2013 Steven Escobar is nominated for a 2013 EOTM Award (Entrepreneurs on the Move) for Outstanding Journalist and on April 25, 2013 receives nomination for 2013 EOTM Award for Outstanding Internet Radio. On April 4, 2013 Steven Escobar receives award for Diversity News TV “Best B-Roll." Yahoo.com names Steven Escobar the Hot 500 contributors during the month of March 2012 of Yahoo! Contributor Network. Steven Escobar currently resides in Los Angeles County in the City of Hollywood, CA. For more information visithttp://www.stevenescobar.diversitynewspublications.com, http://www.stevenescobar.blogspot.com or his IMDB at http://www.imdb.com/name/nm4164655/
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