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 in the Philippines Koobface worm. Because some of the users, especially teenagers, who usually log on to the site in an Internet cafe, have only limited knowledge about malware and/or computers in general, such social engineering attacks can be a significant risk. The site had received considerable criticism due to this issue. On July 2011, GMA Network creates the new campaign "Think Before You Click" - a campaign by GMA News to promote responsible use of social media. On August 2016, Rappler initiates the campaign "#NoPlaceForHate" - a campaign that encourages civility when engaging online. Social networking in the Philippines Social networking is