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Facebook Faces Shareholder Lawsuits (AP)
Facebook’s fourth day of trading as a public company saw an increase in the company’s stock price and shareholder lawsuits related to the social network’s botched initial public offering. Several shareholders who bought stock in the IPO have filed lawsuits against Facebook, its executives and Morgan Stanley, the IPO’s lead underwriter. Reuters Meanwhile, Facebook is considering a stock-listing proposal put forward by the New York Stock Exchange, a source familiar with the situation told Reuters, in the wake of a disappointing initial public offering last week on the rival NASDAQ bourse. Facebook has exchanged phone calls and emails with NYSE Euronext and are considering their pitch, the source said without elaborating on specifics. CNET Facebook plans to open its first Middle East office in Dubai next week, according to the Associated Press. This United Arab Emirates city is considered the Silicon Valley of the region, so it makes sense that the social network would put its Persian Gulf hub here. The Hill Republican and Democratic lawmakers on Wednesday began to look into the debacle of what was supposed to be the social networking company’s crowning achievement. Lawmakers want to know whether institutional investors got a sneak peek at an updated analysis, written just before the initial public offering, that gave a more pessimistic assessment of Facebook’s future revenues. AllFacebook Some Facebook page administrators are seeing messages in the top-right-hand corners of their timeline pages urging them to create Facebook ads and containing a “promote your page” button. Have you seen similar messages on Facebook pages you manage? Mashable A Facebook page and a six-minute video tell the story of a 12-year-old girl whose mother died when she was 3 years old, grew up being abused by her father and bullied on her Facebook page. Eventually, the girl commits suicide. There’s just one problem: this is all fake. Read more

Facebook Boosts Voting for Spike TV’s Guys Choice

SpikeGuysChoiceLogo

Voting for the winners of Guys Choice, which debuts Friday at 9 p.m. on Spike TV, was up 115 percent compared with last year, and the cable network credited an exclusive tab on its Facebook page for the bulk of the increase, at the same time announcing social initiatives related to the event with Facebook, Twitter, foursquare, Tumblr, GetGlue, GroupMe, Instagram, and Shazam.

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Shazam Tunes In Syfy’s Being Human

Best-known for its mobile app that allows users to identify and tag songs that are playing wherever they are, Shazam is bulking up the television ties in its arsenal, announcing a partnership with science-fiction cable network Syfy tied to new series Being Human, TechCrunch Europe reported.

The Shazam logo will be embedded into Being Human, allowing viewers to hold their mobile phones up to the television and allow the app to recognize the episode being watched, according to TechCrunch Europe. Shazam will then provide links to exclusive content such as videos, previews of upcoming episodes, playlists, downloads, and contests.

Shazam and Syfy were part of a similar partnership in September tied to the season finales of Warehouse 13 and Eureka, TechCrunch Europe reported.