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
Social Networking and Psychology likely to demonstrate an association between Instagram use and depressive symptoms than were users who followed a lower percentage of strangers. However, research support for a relationship between online social networking and depression remains mixed. Banjanin and colleagues (2015), for example, found a relationship between increased internet use and depressive symptoms, but no relationship between time spent on social networking sites and depressive symptoms. Several other studies have similarly found no relationship between online social networking and depression. As found in a journal article from the American Academy of Pediatrics cyberbullying can lead to "profound psychosocial outcomes including depression, anxiety,