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
Allrecipes.com and Facebook. In September 2015 Allrecipes.com launched a revamped website as part of a broader transformation into a social networking service for food lovers. The September 2015 website relaunch was met with broad criticism with the most common grievance being the perceived decrease in usability. Meredith closed 14 international Allrecipes domains October 16, 2018. Allrecipes.com Allrecipes.com, Inc. is a food focused online social networking service headquartered in Seattle, Washington. The company was founded by fellow University of Washington archaeology graduate students Tim Hunt, Carl Lipo, Mark Madsen, and David Quinn. Allrecipes.com was founded in 1997 after co-founder Hunt had trouble