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
Privacy concerns with social networking services bar you pretty much will see most of the person profile. A study of Facebook profiles from students at Carnegie Mellon University revealed that about 800 profiles included current resident and at least two classes being studied, theoretically allowing viewers to know the precise location of individuals at specific times. AOL attracted controversy over its instant messenger AIM which permits users to add 'buddies' without their knowing, and therefore track when a user is online. Concerns have also been raised over the relative ease for people to read private messages or e-mails on social networking sites. Cyberstalking is a criminal