How Facebook's bankers saved an IPO, kept shares above $38 (Larry Dignan/CNET)
How Facebook's bankers saved an IPO, kept shares above $38 — Facebook's IPO was a roaring success — for Facebook. Investors aren't quite sure what to make of it after Facebook's underwriters repeatedly stepped in to make sure shares didn't fall below the $38 mark.
Beyond Facebook: Online social networks through the years - Washington Post
NEW YORK — Facebook may have made social networking a worldwide cultural phenomenon, but it wasn’t the first Internet company to connect people online. And it won’t be the last. Here’s a look at how social networking has evolved.
