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
Enterprise social networking work to their customers. In addition to using social networking to market the enterprise, companies are involving customers in the design process. Chicago company Threadless invites their customers to submit their T-shirt designs to the Threadless web site for review by other customers. Smart companies are also involving their customers in technical support using enterprise social networking. eBay was an early adopter of the practice of allowing users to assist each other online. If training in the use of enterprise social networking tools is not provided to employees who do not have experience using them, they are unlikely to be