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
Politiko (website) Politiko (website) Politiko is a Filipino news website based in Quezon City which uses social media such as Facebook, Twitter and Instagram to spread its news and encourages engagement with its followers. The website is part of the media group owned by Abante management founded by former Presidential Communications Operations Office (PCOO) Undersecretary Renato M. Marfil and former Philippine Daily Inquirer senior reporter Gil Cabacungan Jr. In 2016, Politiko became one of the top media sites in the Philippines just after its first 2 years online marking its presence among social media users. Politiko started its operation and presence in