Facebook’s initial public offering launched May 18 at $38 per share, and the social network’s stock ended the trading day up just 23 cents. But according to a blog post on Liberty Street Economics, Facebook’s underwriters were a major factor in keeping the stock from plummeting on its first day.
Federal Reserve Bank of New York
Once again, evidence was gathered on Facebook to thwart a would-be terrorist from executing his plans to bomb a major Wall Street landmark Wednesday. Terror suspect Quazi Mohammad Rezwanul Ahsan Nafis, who was arrested Wednesday in New York , allegedly used Facebook to discuss his plans to blow up the New York Federal Reserve Bank with a co-conspirator and an FBI informant with whom he sought guidance on his obligations under Islamic law.