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California May Reap Windfall From Facebook IPO

SAN FRANCISCO (KCBS)— The State of California will reap a windfall from Mark Zuckerberg following the Facebook IPO according to calculations from PrivCo. The company researches privately held companies...

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Facebook Hits The Road As Company Is Set To Go Public

MENLO PARK (KCBS) – The IPO clock is ticking for Menlo Park-based Facebook as the company prepares to sell its first public shares next week. And Facebook’s top executives are now hitting the road,...

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Facebook Gives More Details On Mobile Usage

MENLO PARK (CBS / AP) — Facebook said the number of people logging in is continuing to grow more quickly than the number of ads delivered. This is in part because more people are using Facebook on...

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Facebook Updates Data Use Policy To Give More Info

MENLO PARK (CBS SF) – Facebook is updating its data use policy in an attempt to give users more clarity on how the information they share is used by the company. The move comes a week ahead of its...

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Facebook Wraps Up IPO Road Show In Palo Alto

PALO ALTO (CBS/AP) – Facebook CEO Mark Zuckerberg and other executives have addressed prospective investors at a hotel luncheon in Silicon Valley. Friday’s event was the last of the bigger road show...

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Tech Report: Facebook Changes Privacy Policy Again

SAN FRANCISCO (KCBS) — Get ready for more changes to Facebook’s privacy policy. The social networking site is revealing much more about how it uses the information it collects about users to comply...

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Facebook Set For $100B Windfall On CEO Zuckerberg’s 28th Birthday

MENLO PARK (CBS/AP) – He famously wears a hoodie, jeans and sneakers, and he was born the year Apple introduced the Macintosh. But Mark Zuckerberg is no boy-CEO. Facebook’s chief executive turned 28 on...

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Poll Finds Half Of Americans Call Facebook A Fad

MENLO PARK (CBS / AP) — Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network’s initial public...

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Facebook Could Bring State Even Bigger Windfall Than Expected

SACRAMENTO (KCBS) – When Facebook goes public later this week, the sale of the stock may mean an even bigger tax windfall for the state than Governor Jerry Brown had hoped for. Governor Brown is...

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Facebook Raises IPO Price As Offering Nears

MENLO PARK (CBS / AP) — Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger. The world’s largest online social network on...

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Zuckerberg’s Facebook Story Is Study In Contrasts

MENLO PARK (CBS / AP) — When Hollywood set out to tell the story of how Mark Zuckerberg launched Facebook, it enjoyed the flexibility of portraying a man who, despite his social network’s worldwide...

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Facebook Sets IPO Price At $38 Per Share

MENLO PARK (CBS SF) – Facebook’s initial public offering of stock is shaping up to be one of the largest ever. The world’s definitive online social network is raising at least $16 billion, a big...

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Facebook Falls Flat In Nasdaq Debut

MENLO PARK (CBS/AP) — After all the hype, Facebook’s first day as a public company ended where it began. In its much-anticipated debut on the Nasdaq Stock Market, Facebook’s stock closed Friday at...

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Facebook Stock Sinks On 2nd Day Of Trading

NEW YORK (CBS/AP) – Facebook was supposed to soar. Instead, it plunged. After the social network’s stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the...

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Regulators Probe Bank’s Role In Facebook IPO

BOSTON (CBS / AP) — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of...

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Facebook Reportedly Looking To Move Stock To NYSE After Botched IPO

NEW YORK (CBS/AP) — Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person...

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Facebook Shareholders File Suit Over IPO Documents

NEW YORK (CBS/AP) — Facebook’s fourth day of trading as a public company saw an increase in the company’s stock price and shareholder lawsuits related to the social network’s botched initial public...

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Morgan Stanley May Refund Some Facebook Investors

NEW YORK (CBS/AP) — Morgan Stanley, the lead investment bank in Facebook’s troubled initial public offering, will compensate investors who overpaid when they bought Facebook’s stock in Friday’s IPO,...

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Facebook Stock Hammered; Shares Hit New Low

NEW YORK (CBS/AP) — Facebook’s stock has fallen below $30 for the first time since its much-awaited public debut this month. The stock fell $3.07, or 9.6 percent, to close at $28.84 on Tuesday. That’s...

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Facebook Closes Lower Once Again, 26 Percent Below IPO Price

NEW YORK (CBS / AP) — After a brief reprieve in morning trading, Facebook’s stock once again closed lower on Wednesday, nearly $10 below its initial public offering price. Shares of Menlo Park-based...

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