History of Facebook investigate whether banks underwriting Facebook had improperly shared information only with select clients, rather than the general public. Massachusetts Secretary of State William Galvin subpeonaed Morgan Stanley over the same issue. The allegations sparked "fury" among some investors and led to the immediate filing of several lawsuits, one of them a class action suit claiming more than $2.5 billion in losses due to the IPO. Bloomberg estimated that retail investors may have lost approximately $630 million on Facebook stock since its debut. History of Facebook Facebook is a social networking service launched on February 4, 2004. It was founded by
Representative democracy in Singapore and television, thus providing additional platforms for expression which are vital in inculcating a more open and democratic society. Moves by politicians to embrace public opinion on unofficial and informal new media platforms also illustrate how freedom of speech and expression is upheld, and, in fact, increasingly encouraged and taken into account in Singapore's system of representative democracy. More politicians have been engaging citizens through the Internet through social networking websites and online fora. Former Foreign Minister George Yeo has been actively communicating with netizens on the ubiquitous social networking website Facebook, and has amassed many "friends" who are interested