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
Zune Social Zune Social Zune Social was the online component of Microsoft's Zune initiative. It is a social networking website that displays a user's most-played artists, favorite and recently played songs, a list of the users friends, what your friends are listening to, and any comments about them. It has been compared to iLike and Last.fm in that it tracks and displays, or "scrobbles," songs that the user has played. The central component of Social is the Zune Card. It is a Flash-based widget that can be embedded on other sites and social networking pages (Myspace, Facebook, etc.). It showcases the user's