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 social movement activism has received criticism, it has had real impacts on social movements. The impact of online movements has been substantial since the introduction of the internet. With the ever-growing medium of social media, internet activism has reached the forefront of the internet. Through the use of social networking sites as Facebook and content-sharing sites as YouTube, the opportunity for wide-scale, online social participation has increased. Nowadays the importance of giving voice to priorities such as public health, political unrest, disaster relief, and climate change have introduced internet as a source for social change. Several social media movements have raised money