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
Social software in education instigating dialogue in spaces where they have no control over blocking users or deleting offensive posts, yet being found guilty by association when problems occur. There is a subtle difference between Blackboard's Sync Facebook application that pushes course information out to students and the Open University's Course Profiles application that is based on student self-reporting and open information-sharing of recommendations on course. University of Leicester used Facebook to encourage socialisation between students on an online course. Two examples of social networking software that takes account of educational needs are elgg and Ning. Elgg is an OSS package that facilitates social