Facebook Closes Lower Once Again, 26 Percent Below IPO Price
After a brief reprieve in morning trading, Facebook's stock once again closed lower on Wednesday, nearly $10 below its initial public offering price.
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After a brief reprieve in morning trading, Facebook's stock once again closed lower on Wednesday, nearly $10 below its initial public offering price.
City officials in Menlo Park gave Facebook a unanimous 'like' in approving the social media giant's plan to expand its headquarters to employ thousands more people less than two weeks after going public.
Facebook's stock was taking a beating on the Nasdaq exchange Tuesday, falling below $30 for the first time since its initial public offering.
Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
A group of shareholders have filed a lawsuit against Facebook, its executives and Morgan Stanley, the lead underwriter of the social networking firm's initial public offering last week.
Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.
Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
After the social network's stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied.
Barely 24 hours after his IPO, 28-year-old Facebook founder and CEO Mark Zukerberg married longtime girlfriend, 27-year-old Priscilla Chan.
Facebook stock rose more than 10 percent in the world's biggest online social network's debut as a publicly-traded company before retreating back to break-even levels.
Facebook has priced its initial public offering of stock at $38 per share. That's the high end of its expected range of $34 to $38.
When Facebook goes public on Friday, a company that caters to the smallest of retail investors expects to take a lot of orders from customers who want to buy just a single share.
Facebook is making it known that they are in the business of renting streaming movies with a promotional showing of the classic Warner Brothers film, Casablanca.
Now, even as investors take a stake in Facebook, its future remains contingent on a leader who is reluctant to reveal himself.
Aaron Sorkin is going from Facebook to Apple. Sony Pictures officials say the Oscar-winning writer will write a screenplay based on the Steve Jobs biography...
Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.
Facebook has raised its IPO price, which could mean more money coming in from tax receipts to the state.
The Wall Street Journal reports that Apple may announce upgrades to its cloud-storage service at their worldwide developer conference next month. KCBS' Technology Analyst expects improvements for both photo and video sharing.
Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network's initial public offering of stock, half of Americans also say the social network's expected asking price is too high.
He famously wears a hoodie, jeans and sneakers, and he was born the year Apple introduced the Macintosh. But Mark Zuckerberg is no boy-CEO.
Facebook is revealing much more about how it uses the information it collects about users to comply with a data protection audit ahead of it's IPO.
Friday's event was the last of the bigger road show events that Facebook Inc. is holding ahead of its initial public offering of stock expected late next week. The luncheon was held at the Crown Plaza Hotel in Palo Alto, Calif. Zuckerberg arrived in a caravan of black SUVs and got in the hotel's back entrance.
Facebook is updating its data use policy in an attempt to give users more clarity on how the information they share is used by the company. The move comes a week ahead of its expected initial public offering of stock.
Microsoft is ramping up its fight against Google with a tweak to its Bing search engine by adding social components with connections to both Facebook and Twitter.
Facebook said the number of people logging in is continuing to grow more quickly than the number of ads delivered.
Alex Honnold also famously climbed Yosemite's El Capitan without any ropes or safety gear in 2017.
At the end of this school year, all high school sports coaches and their assistants will be fired, with an option to reapply for their old jobs. The district says it's a new Human Resources policy, but to the coaches and team supporters, it feels like an insult.
The NBA game between the Minnesota Timberwolves and Golden State Warriors has been postponed following another fatal shooting by federal immigration officers in Minneapolis.
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection. Here's what we know so far.
Federal agents in Minneapolis shot and killed a 37-year-old man in south Minneapolis Saturday morning.
At the end of this school year, all high school sports coaches and their assistants will be fired, with an option to reapply for their old jobs. The district says it's a new Human Resources policy, but to the coaches and team supporters, it feels like an insult.
The NBA game between the Minnesota Timberwolves and Golden State Warriors has been postponed following another fatal shooting by federal immigration officers in Minneapolis.
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection. Here's what we know so far.
Federal agents in Minneapolis shot and killed a 37-year-old man in south Minneapolis Saturday morning.
More than 230 million people are under winter storm threats as officials brace for power outages and travel difficulties.
The NBA game between the Minnesota Timberwolves and Golden State Warriors has been postponed following another fatal shooting by federal immigration officers in Minneapolis.
At the Clift Royal Sonesta Hotel, history is not only preserved but also shared through a new speaker series aimed at bringing San Francisco's past to life.
San Francisco's North Beach is home to wonderful Italian food and pastries. It attracts locals and tourists to the area to check out world-famous pizza, but that has caused somewhat of a problem.
One major development is finished, which brought 50 new units to the coast for farmworkers.
San Francisco Mayor Daniel Lurie has teamed up with a state lawmaker in seeking a new law that would toughen penalties on sideshows across California.
At the end of this school year, all high school sports coaches and their assistants will be fired, with an option to reapply for their old jobs. The district says it's a new Human Resources policy, but to the coaches and team supporters, it feels like an insult.
With a new California law that lifts restrictions on the types of businesses to lease from Jack London Square, many Oakland business owners hope that new doors of opportunity could open for them.
Getting up before sunrise when it's dark and 39 degrees isn't most people's idea of motivation, but for a growing group of Bay Area runners, it turns out that a little community goes a long way.
More than a decade after an Antioch woman was killed, her husband has been charged with her murder, prosecutors said.
Police in Antioch have launched a suspicious death investigation after a person found lying on a roadway early Friday morning died.
Step inside the Seymour Marine Research Center at the University of California at Santa Cruz and be prepared to be "swallowed up" by a whale of a tale.
The Monterey County District Attorney's Office released preliminary information and body camera footage of a fatal shooting by police in Marina on Sunday, saying the man killed by officers was armed with a loaded handgun.
An arsonist is on the loose in San Jose, and investigators are looking to see if he may be responsible for burning seven cars at five different locations.
Police in San Jose provided an update into a deadly shootout with an armed suspect on Wednesday, saying he took part in a multi-day crime spree that involved multiple armed robberies, carjackings and shootings with law enforcement.
Authorities in Santa Cruz County said they have arrested a juvenile in connection with an altercation near Aptos High School as they continue to investigate the recent discovery of a gun and ammunition on campus.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Audrey Hitchcock owns Ramini Mozzarella, a line of authentic cheeses made from the milk of water buffaloes.
The Vallejo Police Department said it will receive additional patrol support from Solano County sheriff's deputies through the end of 2026, as the department deals with staffing shortages.
The county says the levee was structurally damaged by the large tidal pressure, sustaining an estimated $2.6 million in damage.
Authorities in the North Bay said they arrested a wanted felon after he allegedly stole a food delivery driver's vehicle and led police on a pursuit over the weekend.
The NBA game between the Minnesota Timberwolves and Golden State Warriors has been postponed following another fatal shooting by federal immigration officers in Minneapolis.
One-time NFL MVP and longtime San Francisco 49ers quarterback John Brodie has died at the age of 90.
Kevin Johnson died from "blunt head trauma and stab wounds" at a homeless encampment, the Los Angeles County Medical Examiner said.
Ryan Wedding, a 44-year-old Canadian national, was added to the FBI's Ten Most Wanted Fugitives list last year.
San Francisco Giants outfielder Jung Hoo Lee was detained by Customs and Border Protection agents at LAX on Wednesday.
More than a decade after an Antioch woman was killed, her husband has been charged with her murder, prosecutors said.
San Francisco Mayor Daniel Lurie has teamed up with a state lawmaker in seeking a new law that would toughen penalties on sideshows across California.
Police in Antioch have launched a suspicious death investigation after a person found lying on a roadway early Friday morning died.
The Monterey County District Attorney's Office released preliminary information and body camera footage of a fatal shooting by police in Marina on Sunday, saying the man killed by officers was armed with a loaded handgun.
Ryan Wedding, a 44-year-old Canadian national, was added to the FBI's Ten Most Wanted Fugitives list last year.
Microsoft services were down for thousands of users, according to tracking service Downdetector.
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
BART riders will be able to book short Uber rides to and from stations through the agency's app, under a partnership announced Tuesday.
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
San Francisco Mayor Daniel Lurie has teamed up with a state lawmaker in seeking a new law that would toughen penalties on sideshows across California.
A federal judge says the Trump administration must keep the money flowing for now for programs aimed at helping low-income families with children in five states.
A year ago, a law that effectively banned TikTok in the U.S. went into effect, though President Trump has not enforced it.
School district officials in Columbia Heights, Minnesota, say their sense of security is shaken and their hearts shattered after four students from the district have recently been taken by officers with Immigration and Customs Enforcement.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
The nominees for the 98th annual Academy Awards were announced Thursday morning, and though "One Battle After Another," "Marty Supreme," "Frankenstein" and "Hamnet" were all nominated for plenty, it was "Sinners" that broke through with a record-smashing 16 nominations.
The 2026 Songwriters Hall of Fame inductees were revealed on "CBS Mornings" on Wednesday. See the full list.
The two-story H Mart will be at Pacific Commons Shopping Center in Fremont, and construction is planned for late 2026. In addition to its grocery selections, it will have a food hall, with a variety of fast-casual eateries, restaurants, a bar and entertainment offerings.
The National Football League will kick off Super Bowl LX with an opening ceremony performance by hometown rock legends Green Day as part of the festivities at Levi's Stadium in Santa Clara, the league announced Sunday.
The original member of the Grateful Dead had tirelessly carried on the band's music for three decades, and on Saturday, the City of San Francisco said goodbye in a public memorial called The Homecoming.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Fire crews responded to Exeter Street Saturday night for a two-alarm fire.
Here's a look at the weather forecast Saturday evening.
The high school community in the East Bay city of Newark is in an uproar as a result of a new policy by the local school district.
with Zoe Mintz.
At the Clift Royal Sonesta Hotel, history is not only preserved but also shared through a new speaker series aimed at bringing San Francisco's past to life.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.