week in review The world's largest social-networking company finally went public -- but the event lacked the punch many had expected from the third-largest IPO in history.
After a 30-minute delay in the stock's anticipated opening, shares took observers on a bit of a rollercoaster ride, shooting up to $43.20 from their $38 opening and then dropping back down to a break-even price.
The company raised $16 billion on the sale of 421.2 million shares in the offering, putting it at a valuation of $104.1 billion.
Facebook raises $16 billion in the largest Internet IPO in history, almost 10 times what Google raised when it went public in 2004.
After Facebook IPO, Zuckerberg's hardest test awaits Trickle-down Zuckonomics and the Facebook IPO hackathon Should Facebook, Zynga consummate symbiotic relationship? Zynga trading again after stock gets crushed by Facebook IPO Twitter predicts Facebook's first closing day price
Greenlight, a digital-marketing agency, says that 44 percent of survey respondents said they "never" click on ads on the social network.
GM to yank $10M in Facebook ads, saying they don't work Facebook is a fad, say half of people polled GM and its Facebook ads: The knives are out
Company co-founder who, it was recently revealed, renounced his U.S. citizenship says the decision had nothing to do with the blockbuster IPO and taxes.
U.S. senators take aim at Saverin over citizenship move Unfriend: What drove Zuck to fire Saverin
A resume error brings down not only CEO Scott Thompson, but also four of Yahoo's directors. A settlement with investor Daniel Loeb will put him and two allies on the Internet pioneer's board.
Thompson leaves Yahoo with no severance Ousted Yahoo CEO has cancer, WSJ reports Meet Yahoo's new (interim) CEO, Ross Levinsohn Yahoo interim CEO may need to gear up to be permanent CEO
The One X and Evo 4G LTE are being delayed indefinitely by U.S. Customs officials over patent infringement issues.
Judge tells Apple and HTC to start talking settlement Apple wants to squelch five Google patents issued to HTC HTC One X delay benefits Lumia 900 at AT&T Apple gets green light to seek Samsung tablet ban in U.S. Apple in iPhone talks with China Mobile
Japanese e-commerce giant Rakuten says it is leading a $100 million round of funding in the social photo-sharing site. That could put its valuation at $1.5 billion.
Why did Rakuten invest so much in Pinterest? Integration
Oracle makes a last-stand effort on trying for infringer's profits, but possibly reopens the door for accepting statutory damages.
Google sums up: No 'shred of evidence' for patent claim
In a move to assume more control over apps and sales of cell phones and tablets, the Web giant is rumored to start releasing Android software to several mobile-device makers at once.
Android continues to conquer the world Even Google was blindsided by Android's success What Android fragmentation really looks like
European competition overseers "will remain vigilant" that Microsoft abides by an antitrust deal involving Windows and browsers, but that still leaves plenty of wiggle room.
Limited debut for Windows RT devices
Judge nixes request from Apple, publishers to dismiss class action lawsuit alleging collusion to reduce retail competition.
New details reveal Steve Jobs involved in e-book lawsuit
Also of note
Virgin Atlantic launches in-flight cell use
'Steve Jobs' biography to become Aaron Sorkin movie
U.S. cybersecurity chief Howard Schmidt retiring