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
Censorship of Facebook Censorship of Facebook Several countries have interfered with or banned access to the social networking website Facebook, including Bangladesh, China (not including Hong Kong or Macau), Iran, and North Korea. Use of the website has also been restricted in other ways in other countries. As of May 2016, the only countries to ban access around the clock to the social networking site are China, Iran, and North Korea. However, since the vast majority of North Korean residents do not have access to the internet, China and Iran are the only countries where access to Facebook is actively restricted in a