Facebook shares sink 11 percent as reality overtakes hype

(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...

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Leap Motion is a new accessory that can track subtle finger movements.

Solar Eclipse in Time-Lapse
This time-lapse video of an annular solar eclipse was shot Sunday by Cory Poole, a 33-year-old physics and math teacher from Redding, Calif., who has  an interest in science and astronomy. “Once I found out that the path of the annular eclipse went directly through my...

Where are Facebook's friends? Stock down after IPO

Facebook was supposed to soar. Instead, it plunged.

Insight: Morgan Stanley cut Facebook estimates just before IPO

(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ...

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Facebook is set to launch its initial public offering.