Who says you can’t go home again? Facebook, which was founded in a dormitory at Harvard University, is hunting for 7,000 square feet of office space in the Kendall Square area of Cambridge, Mass., home of Harvard, for three-dozen software engineers that the social network plans to hire over the next six months, according to reports.
Morgan Stanley, which served as one of the lead underwriters for Facebook’s much-hyped initial public offering, is coming under scrutiny by the state of Massachusetts. The state fined Morgan Stanley $5 million, claiming that the financial firm helped Facebook leak sensitive information to select companies, creating an unfair playing field for investors.
People all over the U.S. were posting about either President Barack Obama or Republican challenger Mitt Romney on Facebook during Election Day. But buzz about ballots wasn’t limited to the 50 states. Facebook released statistics Wednesday showing that the U.S. presidential election was popular in Canada, the U.K., and Australia.
The state of Massachusetts fined Citigroup $2 million after finding that one of the company’s junior analysts improperly disclosed confidential information prior to Facebook’s May 18 initial public offering, according to reports.
The debates between President Barack Obama and Republican challenger Mitt Romney have become increasingly popular on Facebook (just ask Big Bird). After Romney answered a question during Tuesday night’s debate regarding equality for women in the workplace, the phrase, “binders full of women,” was all over the social network, even spawning a page that already has nearly 300,000 likes.
The dust has settled after the first presidential debate in Denver Wednesday night, and the Facebook-CNN Election Talk Meter has fresh insights on the melee in the Mile High City that are posted on the U.S. Politics on Facebook page.
U.S. Representative Ed Markey has proposed legislation that would make it very difficult for anyone to go online and track young American children.