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
Online participation functions (e.g., virtual pets, online games, the wall, virtual gifts) that facilitate users to customize their own interface on Facebook". Studies have found that the nature and the level of participation in online social networking sites have been directly correlated with the personality of the participants. The Department of Psychology in the University of Windsor site their findings regarding this correlation in the articles "Personality and motivations associated with Facebook use" and "The Influence of Shyness on the Use of Facebook in an Undergraduate Sample". The articles state that people who have high levels of anxiety, stress, or shyness are