Nasdaq Tries To Make Amends For Facebook IPO Problems
The Nasdaq stock exchange tried to make amends with investors ensnared by technical problems on the day Facebook went public.
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The Nasdaq stock exchange tried to make amends with investors ensnared by technical problems on the day Facebook went public.
The stock fell $1.03, or 3.8 percent, to close Tuesday at $25.87. It's 32 percent below its initial public offering price of $38. It's the stock's lowest closing price to date. Earlier Tuesday, it went as low as $25.75.
Facebook is testing the waters to allow children under 13 on the popular social networking site, but some child advocates are calling the idea crazy.
Shares of Facebook Inc. slid 82 cents to close at $26.90, after briefly trading as low as $26.44. The previous low for the closing price was $27.72, on Friday.
GLAAD likes Facebook. The Menlo Park-based social networking site won the Special Recognition Award at the GLAAD Media Awards...
This is the second time Facebook Inc. is letting users vote on policy changes. The first time was in 2009 when Facebook was a much smaller, privately held company with about 200 million users.
Facebook's stock jumped $1.41, or 5 percent, to close Thursday at $29.60. The stock is still down 22 percent since its highly anticipated initial public offering two weeks ago.
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.
Two people have died and three others were injured following a crash involving seven vehicles in East Palo Alto during the Tuesday morning commute, officials said.
President Trump and the leaders of the country's largest artificial intelligence companies have signed a set of voluntary safety standards, as calls mount for tighter guardrails on powerful AI technology.
A San Francisco Bay Area firefighter who presumably drowned after he was arrested and charged for possessing child sexual abuse material may have staged his own death, federal authorities said.
The Supreme Court said in an unsigned order it will hear arguments in the challenge to the Trump administration's third-country-removal policy in December.
San Francisco on Tuesday unveiled new privacy protections for automated license plate reader cameras, limiting access to data and requiring strict documentation for data searches.
Two people have died and three others were injured following a crash involving seven vehicles in East Palo Alto during the Tuesday morning commute, officials said.
A San Francisco Bay Area firefighter who presumably drowned after he was arrested and charged for possessing child sexual abuse material may have staged his own death, federal authorities said.
The Supreme Court said in an unsigned order it will hear arguments in the challenge to the Trump administration's third-country-removal policy in December.
San Francisco on Tuesday unveiled new privacy protections for automated license plate reader cameras, limiting access to data and requiring strict documentation for data searches.
OpenAI says its new agent can schedule meetings, make travel arrangements, debug computer systems and handle other workplace tasks.
Two people have died and three others were injured following a crash involving seven vehicles in East Palo Alto during the Tuesday morning commute, officials said.
San Francisco on Tuesday unveiled new privacy protections for automated license plate reader cameras, limiting access to data and requiring strict documentation for data searches.
Median rents in San Francisco again reached record highs in September, with the price of a one-bedroom almost closing the gap with New York City, a new report finds.
The owner of two San Francisco sports bars was arrested on Friday in an alleged baseball bat assault that followed a dispute over a parking spot, police and the alleged victim said.
A suspect was charged with multiple felonies days after a stabbing aboard a San Francisco Muni bus, authorities said on Monday.
An elderly couple in the San Francisco Bay Area is suspected of shooting and killing their son-in-law in the parking lot of a community park over the weekend.
According to BART police, the shooting happened on the transfer platform, and three people were injured. The victims were taken to the hospital, and their conditions were not yet known, police said.
A teenager was hospitalized after he was wounded in a shooting linked to a house party in Antioch over the weekend, police said.
New village will provide 12 homes for 18- to 24-year-olds, doubling the number of dedicated shelter units available to young adults in the area
Pittsburg residents are excited about a new family-owned grocery store opening in town.
Authorities in Monterey County have arrested a man on multiple charges after he allegedly brandished a firearm at a party and ran from deputies after he was found at a separate gathering over the weekend.
The three-day conference at the San Jose Marriott Hotel is bringing in people from all over the country to talk about homelessness from a very personal perspective.
Three hikers on California's Central Coast who became stranded over the weekend were rescued by helicopter following a mission that took several hours, officials said.
Police in Palo Alto have launched an investigation and urged residents to be aware of their surroundings Friday after multiple mountain lion sightings in the community.
An investigation is underway after a bicyclist was killed in a hit-and-run collision in East San Jose early Friday morning, police said.
A San Francisco Bay Area firefighter who presumably drowned after he was arrested and charged for possessing child sexual abuse material may have staged his own death, federal authorities said.
Sausalito's Marinship district has decades-old land-use rules that tightly restrict development, designed in part to protect the area from intensive development, but they've also made it hard for existing businesses to adapt, a business owner said.
A man clinging to rocks on the Sonoma County shoreline and getting battered by the surf was rescued by a sheriff's helicopter crew on Sunday, the sheriff's office said.
A convicted sex offender in Solano County was taken into custody last week for an alleged parole violation after his ankle monitor stopped working, police said.
The storms haven't arrived yet, but Marin County workers are already racing to prepare for what could be a challenging winter.
Center Kristaps Porzingis will be out indefinitely for the Golden State Warriors with a health issue, and general manager Mike Dunleavy offered no further details but wasn't ready to call this a long-term concern.
Cecilia Zandalasini scored 22 points, Gabby Williams added 20 and four assists, and the second-seeded Golden State Valkyries ran away from the Dallas Wings by halftime for a 104-80 win in the teams' playoff opener.
The San Francisco 49ers keep losing key players to injuries and still keep winning, thanks in large part to the play of quarterback Brock Purdy.
Last year's playoff game was held at SAP Center in San Jose. So, as the crowd arrived at Chase Center for Sunday's first playoff game at the venue, Valkyries fans said there is something unique about the "Ballhalla" experience.
Alex Call hit a run-scoring double with two outs in the 10th inning and Andy Pages added a three-run homer as the Los Angeles Dodgers ended their season with their 100th victory, a 5-1 decision over the San Francisco Giants that completed a three-game sweep.
Two people have died and three others were injured following a crash involving seven vehicles in East Palo Alto during the Tuesday morning commute, officials said.
A San Francisco Bay Area firefighter who presumably drowned after he was arrested and charged for possessing child sexual abuse material may have staged his own death, federal authorities said.
San Francisco on Tuesday unveiled new privacy protections for automated license plate reader cameras, limiting access to data and requiring strict documentation for data searches.
An elderly couple in the San Francisco Bay Area is suspected of shooting and killing their son-in-law in the parking lot of a community park over the weekend.
Authorities in Monterey County have arrested a man on multiple charges after he allegedly brandished a firearm at a party and ran from deputies after he was found at a separate gathering over the weekend.
President Trump and the leaders of the country's largest artificial intelligence companies have signed a set of voluntary safety standards, as calls mount for tighter guardrails on powerful AI technology.
OpenAI says its new agent can schedule meetings, make travel arrangements, debug computer systems and handle other workplace tasks.
OpenAI said it has chosen not to release its new GPT-6.1 Astra model due to concerns about safety, as industry leaders warn of the risks posed by ever-more-powerful AI technology.
The meeting comes as some industry leaders warn about the risks of rapid AI advancements.
The dinner comes as Amodei has warned about the "exponential growth" of AI, and has called for safeguards on the industry, which President Trump has rejected.
The CDPH said an unvaccinated passenger who later was hospitalized with measles traveled around the country by train and bus, eventually moving through at least six California counties before heading to Denver, Colorado.
Officials in the East Bay city of Berkeley have issued a warning to residents and doctors amid a rising number of bats that have tested positive for rabies.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
President Trump and the leaders of the country's largest artificial intelligence companies have signed a set of voluntary safety standards, as calls mount for tighter guardrails on powerful AI technology.
The Supreme Court said in an unsigned order it will hear arguments in the challenge to the Trump administration's third-country-removal policy in December.
The ban is part of a broader package targeting law enforcement equipment, immigration detention and federal enforcement practices.
The United States has banned nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.
Sausalito's Marinship district has decades-old land-use rules that tightly restrict development, designed in part to protect the area from intensive development, but they've also made it hard for existing businesses to adapt, a business owner said.
Two men suspected of assaulting a student at San Jose State University over the weekend are facing hate crime charges, prosecutors said.
California Attorney General Rob Bonta has joined a coalition of 19 attorneys general in supporting a federal lawsuit challenging Idaho's law that bars transgender students from using school restrooms and other sex-separated facilities that align with their gender identity.
Berlin police did not identify the suspect, who is still at large, by name but said that he was already known to police and is from Berlin.
LGBTQ+ communities have significantly higher rates of unemployment than the general population. Kelsi Thorud reports on how the City of Oakland is empowering LGBTQ+ job seekers during Pride Month.
The fallout over the opposition by a handful of San Francisco Giants players against the team's Pride Night celebrations has prompted an investigation of Major League Baseball by the Trump administration.
Dennis Haskins, who played Principal Richard Belding in "Saved By The Bell," has died. He was 75.
Madonna won Artist of the Year while Taylor Swift became the most awarded artist in Video Music Awards history.
Challenging documentaries and award-winning features are among the offerings of New York City's leading cinema event, starring such luminaries as Pedro Pascal, Adam Driver, Scarlett Johansson, Julianne Moore and Godzilla.
Fans of the late Dolly Parton gathered to celebrate her life in San Francisco's Union Square on Friday as part of California's first-ever Dolly Parton Day.
Taylor Swift announced her new single "Patient Zero" earlier this week, saying she has been "impatiently waiting" to announce that it will be out on Friday.
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.
San Francisco Mayor Daniel Lurie announced tighten restriction on the use of automated license plate data camera systems and the use and retention of data.
With newly-named captain Macklin Celebrini, the San Jose Sharks are taking to the ice this week with the playoffs in mind. Gianna Franco and Reed Cowan speak to Sharkie, the team's mascot, and Doug Bentz, the team's chief marketing officer.
Officials in San Jose are expected to consider raising parking rates in downtown, a change that is facing resistance from businesses. Drew Andre reports.
On Tuesday, expect coastal highs in the 70s and hot inland temperatures reaching into the 90s in some locations. Expect hot temperatures away from the coast to continue for the rest of the week. Jessica Burch has the forecast.
Kevin Ko reports.
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.