DOCSLIB.ORG

In Re: Facebook, Inc., IPO Securities and Derivative Litigation 12-MD

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
In Re: Facebook, Inc., IPO Securities and Derivative Litigation 12-MD US District Court Civil Docket as of June 10, 2013 Retrieved from the court on June 11, 2013 U.S. District Court Southern District of New York (Foley Square) CIVIL DOCKET FOR CASE #: 1:12-md-02389-RWS In re: Facebook, Inc., IPO Securities and Derivative Litigation Date Filed: 10/05/2012 Assigned to: Judge Robert W. Sweet Jury Demand: Plaintiff Member case: (View Member Case) Nature of Suit: 360 P.I.: Other Related Cases: 1:12-cv-07531-RWS Jurisdiction: Federal Question 1:12-cv-04054-RWS 1:12-cv-04081-RWS 1:12-cv-04099-RWS 1:12-cv-04131-RWS 1:12-cv-04150-RWS 1:12-cv-04156-RWS 1:12-cv-04157-RWS 1:12-cv-04184-RWS 1:12-cv-04194-RWS 1:12-cv-04200-RWS 1:12-cv-04201-RWS 1:12-cv-04215-RWS 1:12-cv-04252-RWS 1:12-cv-04291-RWS 1:12-cv-04312-RWS 1:12-cv-04315-RWS 1:12-cv-04332-RWS 1:12-cv-04360-RWS 1:12-cv-04362-RWS 1:12-cv-04403-RWS 1:12-cv-04551-RWS 1:12-cv-04600-RWS 1:12-cv-07815-RWS 1:12-cv-04648-RWS 1:13-cv-02830-RWS 1:12-cv-04716-RWS 1:12-cv-04763-RWS 1:12-cv-04777-RWS 1:12-cv-07542-RWS 1:12-cv-07544-RWS 1:12-cv-07546-RWS 1:12-cv-07548-RWS 1:12-cv-07550-RWS 1:12-cv-07552-RWS 1:12-cv-07543-RWS 1:12-cv-07545-RWS 1:12-cv-07547-RWS 1:12-cv-07549-RWS 1:12-cv-07551-RWS 1:12-cv-07553-RWS 1:12-cv-07587-RWS 1:12-cv-07586-RWS 1:12-cv-07811-RWS 1:12-cv-07812-RWS 1:12-cv-07813-RWS 1:12-cv-08040-RWS 1:12-cv-09308-RWS 1:13-cv-01999-RWS Cause: 28:1332 Diversity-Personal Injury Plaintiff Avatar Securities, LLC represented by Andrew J Entwistle Entwistle & Cappucci LLP (NYC) 280 Park Avenue 26th Floor West New York, NY 10017 212-894-7200 Fax: 212-894-7272 Email: [email protected] ATTORNEY TO BE NOTICED Jordan Abraham Cortez Entwistle & Cappucci LLP (NYC) 280 Park Avenue 26th Floor West New York, NY 10017 (212)-894-7200 Fax: (212)-894-7272 Email: [email protected] ATTORNEY TO BE NOTICED Robert N Cappucci Entwistle & Cappucci LLP(NJ) 30 Columbia Turnpike Florham Park, NJ 07932 212-894-7207 Fax: 212-894-7272 Email: [email protected] ATTORNEY TO BE NOTICED Vincent Roger Cappucci Entwistle & Cappucci LLP (NYC) 280 Park Avenue 26th Floor West New York, NY 10017 (212) 894-7200 Fax: (212)-894-7272 Email: [email protected] ATTORNEY TO BE NOTICED Plaintiff Meredith Bailey represented by Christopher Lovell on behalf of themselves and all others Lovell Stewart Halebian Jacobson LLP similarly situated 61 Broadway Suite 501 New York, NY 10006 (212) 608-1900 Fax: (212) 719-4677 Email: [email protected] ATTORNEY TO BE NOTICED Douglas G. Thompson Finkelstein,Thompson & Loughran 1050 30th, NW Washington, DC 20007 (202) 337-8000 Fax: (202) 337-8090 Email: [email protected] ATTORNEY TO BE NOTICED Jacob H. Zamansky Zamansky & Associates LLC 50 Broadway, 32nd Floor New York, NY 10004 (212) 742-1414 Fax: (212) 742-1177 Email: [email protected] ATTORNEY TO BE NOTICED Michael Glenn McLellan Finkelstein Thompson LLP 1050 30th Street Nw Washington, DC 20007 (202)-337-8000 Fax: (202)-337-8090 Email: [email protected] PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart Lovell Stewart Halebian Jacobson LLP 61 Broadway Suite 501 New York, NY 10006 (201) 445-3661 Fax: (201) 445-5301 Email: [email protected] ATTORNEY TO BE NOTICED Plaintiff Dmitri Bougakov represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Ryan Cefalu represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Lorrain Chin represented by Lorrain Chin on behalf of themselves and all others PRO SE similarly situated Plaintiff First New York Securities L.L.C. represented by Andrew J Entwistle (See above for address) ATTORNEY TO BE NOTICED Jordan Abraham Cortez (See above for address) ATTORNEY TO BE NOTICED Robert N Cappucci (See above for address) ATTORNEY TO BE NOTICED Vincent Roger Cappucci (See above for address) ATTORNEY TO BE NOTICED Plaintiff Atish Gandhi represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Phillip Goldberg represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Fred Taylor Isquith Lovell Stewart Halebian Jacobson LLP 61 Broadway Suite 501 New York, NY 10006 (212) 608 1900 Fax: (212) 719-4775 Email: [email protected] ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Eric Hamrick represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Steve Jarvis represented by Christopher Lovell (See above for address) ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Joe Johnson represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Nuhket Kayahan represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff David Kenton represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Dennis Kuhn represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Benjamin Levine represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Katerhine Loiacono represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H. Zamansky (See above for address) ATTORNEY TO BE NOTICED Michael Glenn McLellan (See above for address) PRO HAC VICE ATTORNEY TO BE NOTICED Victor E. Stewart (See above for address) ATTORNEY TO BE NOTICED Plaintiff Crystal McMahon represented by Christopher Lovell on behalf of themselves and all others (See above for address) similarly situated ATTORNEY TO BE NOTICED Douglas G. Thompson (See above for address) ATTORNEY TO BE NOTICED Jacob H.
Load more

Recommended publications
  • UNITED STATES DISTRICT COURT SOUTHERN DISTRICT of NEW YORK BRIAN ROFFE PROFIT SHARING PLAN, JACOB SALZMANN and DENNIS PALKON, In
    Case 1:12-cv-04081-RWS Document 77 Filed 08/20/12 Page 1 of 29 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK BRIAN ROFFE PROFIT SHARING PLAN, JACOB Case No. 1:12-cv-4081 SALZMANN and DENNIS PALKON, Individually and On Behalf of All Others Similarly Situated, Hon. Robert W. Sweet Plaintiff, ECF Case v. FACEBOOK, INC., MARK ZUCKERBERG, DAVID A. EBERSMAN, DAVID M. SPILLANE, MARC L. ANDREESSEN, ERSKINE B. BOWLES, JAMES W. BREYER, DONALD E. GRAHAM, REED HASTINGS, PETER A. THIEL, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC, GOLDMAN, SACHS & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED and BARCLAYS CAPITAL INC., Defendants. (Additional captions on following pages) REPLY MEMORANDUM OF LAW IN FURTHER SUPPORT OF THE MOTION OF THE INSTITUTIONAL INVESTOR GROUP FOR APPOINTMENT AS LEAD PLAINTIFF, APPROVAL OF ITS SELECTION OF CO-LEAD COUNSEL, AND CONSOLIDATION OF ALL RELATED ACTIONS Case 1:12-cv-04081-RWS Document 77 Filed 08/20/12 Page 2 of 29 MAREN TWINING, Individually and On Behalf of Case No. 1:12-cv-4099 All Others Similarly Situated, Hon. Robert W. Sweet Plaintiff, v. ECF Case FACEBOOK, INC.; MARK ZUCKERBERG; SHERYL K. SANDBERG; DAVID A. EBERSMAN; MARC L. ANDREESSEN; ERSKINE B. BOWLES; JAMES W. BREYER; DONALD E. GRAHAM; REED HASTINGS; PETER A. THIEL; MORGAN STANLEY & CO. INC.; J.P. MORGAN SECURITIES LLC; GOLDMAN, SACHS & CO.; MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.; BARCLAYS CAPITAL INC.; ALLEN & COMPANY LLC; CITIGROUP GLOBAL MARKETS INC.; CREDIT SUISSE SECURITIES (USA) LLC; DEUTSCHE BANK SECURITIES INC.; RBC CAPITAL MARKETS, LLC; WELLS FARGO SECURITIES, LLC; BLAYLOCK ROBERT VAN LLC; BMO CAPITAL MARKETS CORP.; C.L.
    [Show full text]
  • In Re: Facebook, Inc., IPO Securities and Derivative Litigation 12-MD
    UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK x IN REFACEBOOK, INC., IPO SECURITIES AND DERIVATIVE LITIGATION, OPINION MDL No. 12-2389 Case Relates to: 13 Civ. 2830 CAVE JONES, and HOLLY MCCONNAUGHEY, De:ivatjvely on Behalf of )OK, INC., Plaintiffs, -against- LvTIRK ZUCKERBERO, MARC L. ANDREESSEN, :1 B. BOWLES, :L1' 3 N. BREYER, .2JuD E. GRAHAM, R '7 HASTINGS, S11.vRYL K. SANDBERG, PER A. THIEL, DAVID EBERSMAN, CIPOLA HERMAN, MORGAN STANLEY & CO. LLC, J.P. MORGAN SECURITIES LLC and GOLDMAN, SACHS & CO., Defendants, - and - FACEBOOK, INC., a Delaware corporation, Nominal Defendant, ------------------------------ x A P p K A R A N C E 5: Attorneys for Plaintiffs ROBBINS GELLER RUDMAN & DOWD LLP 58 South Service Road, Suite 200 Melville, New York 11747 '1 By: Samuel H. Rudman, Esq. Darren J. Robbins, Esq. PRIGKETT, JONES & ELLIOTT, P.A. 1310 N. King Street Wilmington, Delaware 19801 By: Michael Han. .rhan, Esq. Paul A. Fioravanti, Jr., Esq. Patrick W. Flavin, Esq. Attorneys for Nominal Defendant Facebook KIRKLAND & ELLIS LLP 601 Lexington Avenue New York, NY 10022 By: Andrew B. Clubok, Esq. Brant W. Bishop, Esq. Susan E. Engel, Esq. Joseph Cascio, Esq. Kellen S. Dwyer, Esq, WTLLKIE FARR & GALLAGHER LLP 787 seventh Avenue New York, NY 10019 By: Richard D. Bernstein, Esq. Tariq Mundiya, Esq. Todd G. Cosenza, Esq. Elizabeth J. Bower, Esq. Sameer Advani, Esq. E* UI iavi uii a roSfl*] Sweet, D. J. Pursuant to the transfer order from the United States Judicial Panel on Multidistrict Litigation (the "MDL Panel") entered on October 4, 2012, 41 actions stemming from the May 18, 2012 initial public offering ("IPO") of Pacebook, Inc.
    [Show full text]
  • THE FINANCIAL VALUE of FACEBOOK by William Calvin Bickford Submitted in Partial Fulfillment of the Requirements for Departmenta
    THE FINANCIAL VALUE OF FACEBOOK by William Calvin Bickford Submitted in partial fulfillment of the requirements for Departmental Honors in the Department of Communication Studies Texas Christian University Fort Worth, Texas May 3, 2012 ii THE FINANCIAL VALUE OF FACEBOOK Project Approved: John Bizjak Department of Finance (Supervising Professor) Jeff Moore Department of Finance Laurie Wood Department of Accounting iii TABLE OF CONTENTS INTRODUCTION .................................................................................................................1 INITIAL PUBLIC OFFERING .............................................................................................3 10 Criteria for Great IPOs .................................................................................................5 The IPO Disaster ...............................................................................................................10 FACEBOOK’S REVENUE SYSTEM ..................................................................................12 Potential and Problems .....................................................................................................13 FINANCIAL ANALYSIS .....................................................................................................17 Discussion of Financial Model .........................................................................................17 Ratio Analysis ...................................................................................................................21 CONCLUSION
    [Show full text]
  • Rassegna Stampa Del 24/04/2014
    ANIEM Rassegna Stampa del 24/04/2014 La proprietà intellettuale degli articoli è delle fonti (quotidiani o altro) specificate all'inizio degli stessi; ogni riproduzione totale o parziale del loro contenuto per fini che esulano da un utilizzo di Rassegna Stampa è compiuta sotto la responsabilità di chi la esegue; MIMESI s.r.l. declina ogni responsabilità derivante da un uso improprio dello strumento o comunque non conforme a quanto specificato nei contratti di adesione al servizio. INDICE ANIEM 24/04/2014 Corriere di Verona - Verona 6 Moretti punta sulle imprese «Credito e burocrazia battaglie per l'Europa» ANIEM WEB Il capitolo non contiene articoli SCENARIO EDILIZIA 24/04/2014 Corriere della Sera - Bergamo 8 «Edilizia, grande malata È l'ora di unire le Casse» 24/04/2014 Corriere della Sera - Milano 9 Darsena, corsa contro il tempo Al via turni non stop nei cantieri 24/04/2014 Il Sole 24 Ore 11 Contratti di sviluppo anche al Centro-Nord: scatta la riforma 24/04/2014 Il Sole 24 Ore 13 Faro Autorithy sui conti della Nuvola 24/04/2014 Il Sole 24 Ore 14 Expo, un emendamento per la Fiera di Milano 24/04/2014 Il Sole 24 Ore 16 «EDILIZIA SOCIALE» ALLA SFIDA TERZA ETÀ 24/04/2014 Il Sole 24 Ore 17 Ora il cohousing si mette in rete 24/04/2014 La Repubblica - Firenze 18 Slitta l'apertura, addio Notte bianca 24/04/2014 La Repubblica - Firenze 20 Peretola, un "giallo" al ristorante 24/04/2014 Il Mattino - Benevento 21 Manca l'energia: le nuove fontane a secco e al buio 24/04/2014 La Padania - Nazionale 22 Zaia a Renzi: «Al Veneto 2,8 mld per le opere
    [Show full text]
  • Cyber Liability Focus Facebook, Inc. 1
    Client Report – Cyber Liability Focus Facebook, Inc. _________________________________________________________________________ Company Profile Credit Details Location 1601 Willow Rd Overall Credit Risk High Risk Menlo Park, CA www.facebook.com Number of Legal Derogatory 34 Company Type Public Items Liability Amount $1,873.00 Formerly Known As N/A Experian Intelliscore 5.00 SIC Code 7374 SIC Code Description Computer Processing And Data Preparation Experian Intelliscore Percentile 4.00 % of companies score lower and And Processing Services have higher credit risk Established N/A Experian Commercial IntelliscoreSM is an all-industry commercial model using business information to predict business risk. Its Sales (in millions) $5,089.00 predictiveness is among the best on the market today The objective of the Commercial Intelliscore Model is to predict seriously Employees 4619 derogatory payment behavior. Possible score range from 0 to 100, where 0 is high risk and 100 is low risk Total OSHA Violations N/A -Liability Amount is the total dollar amount of debtor’s legal liability, including accounts in collection, tax liens,judgments and/or bankruptcies OSHA is an arm of the Department of Labor that conducts inspections of company facilities with the goal of preventing work-related injuries, illnesses and deaths. -The Number of Legal Derogatory items are the sum of Tax-Lien Worksites that do not meet health and/or safety standards at the time of inspection may Count, Bankruptcy,Judgment, Collection-Counter and UCC Derog receive an OSHA violation. Business Description Facebook, Inc. operates as a social networking company worldwide. The company builds tools that enable users to connect, share, discover, and communicate with each other; enables developers to build social applications on Facebook or to integrate their Websites with Facebook; and offers products that enable advertisers and marketers to engage with its users.
    [Show full text]
  • India Business Quiz
    India Business Quiz Business- Quizzes, News and more • Home • About • Global brands • Indian Brands • Indian Brands- II • Jargon buster • Visuals Weekly Business Quiz # 202 October 9, 2013 businessbaatein Uncategorized Brands, Business, India, quiz Leave a comment Q1. Which small town in USA is home to 67 Coca Cola millionaires who have been buying Coke shares since 1920s and have kept with them ? Ans. Quincy, Florida Q 2. Which healthcare venture is funded by Azim Premji in his personal capacity ? Ans. Health Care Global Q 3. Which PSU had supplied critical equipment for LHC thereby deserving some credit for the Nobel prize in Physics this year ? Ans. ECIL Q4. Which brand has replaced Thums Up as the largest selling soft drink in India ? Ans. Sprite Q5. Besides being Public sector banks what is common to Bank of India, Allahabad Bank, United Bank and SBI ? Ans. CMDs are women Q6. Which co recently lost its reign over the purple colour in a UK court against Nestle ? Ans. Cadbury ( Mondelez) Q7. After Enron went bust who owns and runs the infamous Dabhol power plant ? Ans. Ratnagiri Gas and Power Ltd , a JV of NTPC and GAIL Q8. Which cricketer will replace Dhoni as the new face of Big Bazaar ? Ans. Shikhar Dhawan Q9. What is ‘ Latte Art’ ? Ans. Art made on coffee cup while poring cream over coffee Q 10. After China which country stands No 2 as a.shoemaker of the world ? Ans. Vietnam Q 11Match the messaging apps to the country of their origin a. Line b. Whatsapp c. WeChat 1.
    [Show full text]
  • 20 May 2021 a BASIS for VALUE Howard Marks Is Worried That Value Investors Have Lost the Plot. in His January 2021 Memo
    20 May 2021 A BASIS FOR VALUE Howard Marks is worried that value investors have lost the plot. In his January 2021 memo, “Something of Value”, he writes that their obsession with cheapness—or more specifically, with a naïve definition of cheapness—has confounded their ability to spot genuine value. This focus on “cheap” as a byword for “value” above all else has arguably produced some nasty results. For example, according to Morningstar, large-cap value funds underperformed large-cap growth funds by 32% last year, in their fourth straight year of underperformance. That underperformance has made many value investors question whether something has fundamentally changed. Marks traces value investors’ woes to what he dubs the “false dichotomy of value and growth” or the idea that there is a sharp delineation between the two. He argues that value investors must abandon this false separation and consider intangible traits too, like competitive advantage, economic moat, and long-term potential for earnings growth. Broad structural trends relating to macroeconomics, demographics, or technology also weigh heavily on investment returns in the long run, and investors who simply focus on firm-specific fundamentals may miss the forest for the trees. According to Marks, “successful investing has to be more about superior judgments concerning (a) qualitative, non- computable factors and (b) how things are likely to unfold in the future.” In other words, they must also study the big maps. We think that’s absolutely right. It is why Castleforge has long advocated and practiced thematic investing. With old economic moats threatened by new technologies and demographic patterns, whole industries stand vulnerable to disruption, and obsolete business models will not be saved by impressive-looking price-to-earnings ratios alone, nor will simple formulas help investors identify the disruptive winners.
    [Show full text]
  • Facebook 1 Facebook
    Facebook 1 Facebook Facebook Inc. Type Public [1] Founded Cambridge, Massachusetts, United States (2004) Founder(s) • Mark Zuckerberg • Eduardo Saverin • Dustin Moskovitz • Chris Hughes Headquarters Menlo Park, California, U.S. Area served Worldwide Key people • Mark Zuckerberg (CEO) • Sheryl Sandberg (COO) • David Ebersman (CFO) • Donald Graham (Chairman) Industry Internet [2] Revenue US$ 3.71 billion (2011), up from $1.97b (2010) [3] Employees 3000+ (2011) [4] Website Facebook.com [5] IPv6 support www.v6.facebook.com [6] Alexa rank 2 (March 2012) Type of site Social networking service Advertising Banner ads, referral marketing, casual games Registration Required [2] Users 845 million (active December 31, 2011) Available in Multilingual Launched February 4, 2004 Current status Active Screenshot Screenshot of Facebook's "Timeline" Facebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook Inc.[1] As of February 2012, Facebook has more than 845 million active users.[7] Users must register before using the site, after which they may create a personal profile, add other users as friends, and exchange messages, including automatic notifications when they update their profile. Additionally, users may join common-interest user groups, organized by workplace, school or college, or other characteristics, and categorize Facebook 2 their friends into lists such as "People From Work" or "Close Friends". The name of the service stems from the colloquial name for the book given to students
    [Show full text]
  • Comments of the International Center for Law and Economics: the FTC’S Advance Notice of Public Rulemaking Concerning Future Amendments to the HSR Rules
    Comments of the International Center For Law and Economics: The FTC’s Advance Notice of Public Rulemaking Concerning Future Amendments to the HSR Rules February 1, 2021 Geoffrey Manne, President & Founder Sam Bowman, Director of Competition Policy Dirk Auer, Senior Fellow, Law & Economics ICLE | 1104 NW 15 th Avenue Suite 300 | Portland, OR 97209 | 503.770.0076 [email protected] | @laweconcenter | www.laweconcenter.org ICLE COMMENTS ON AMENDMENTS TO HSR RULES PAGE 1 OF 21 We thank the Commission for the opportunity to comment on its Advance Notice of Proposed Rulemaking (“ANPRM”) concerning future amendments to the premerger notification rules under the Hart-Scott-Rodino Antitrust Improvements Act (“HSR’’). The International Center for Law and Economics (ICLE) is a nonprofit, nonpartisan research center whose work promotes the use of law & economics methodologies to inform public policy debates. We believe that intellectually rigorous, data-driven analysis will lead to efficient policy solutions that promote consumer welfare and global economic growth.1 ICLE’s scholars have written extensively on competition and consumer protection policy. Some of our writings are included as references in the comment below. Additional materials may be found at our website: www.laweconcenter.org. Our comment argues that the FTC’s rulemaking initiatives should be informed by the error-cost framework. As we explain, the framework offers several key insights that authorities should carefully consider when reviewing existing merger rules and guidance. Among other things, it demonstrates that the societal costs stemming from false negatives (i.e. anti- competitive mergers that evade antitrust enforcement) are inextricably linked to those that originate from false positives (efficient mergers that are prohibited or deterred) and administrative costs (the social costs that are created by the operation of a given regulatory regime).
    [Show full text]
  • Case 1:20-Cv-03590-JEB Document 75-1 Filed 08/19/21 Page 1 of 80
    Case 1:20-cv-03590-JEB Document 75-1 Filed 08/19/21 Page 1 of 80 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA FEDERAL TRADE COMMISSION 600 Pennsylvania Avenue, N.W. Washington, DC 20580 Plaintiff, Case No.: 1:20-cv-03590-JEB v. FACEBOOK, INC. PUBLIC REDACTED VERSION OF 1601 Willow Road DOCUMENT FILED UNDER SEAL Menlo Park, CA 94025 Defendant. FIRST AMENDED COMPLAINT FOR INJUNCTIVE AND OTHER EQUITABLE RELIEF Plaintiff, the Federal Trade Commission (“FTC”), by its designated attorneys, petitions this Court pursuant to Section 13(b) of the Federal Trade Commission Act (“FTC Act”), 15 U.S.C. § 53(b), for a permanent injunction and other equitable relief against Defendant Facebook, Inc. (“Facebook”), to remedy and prevent its anticompetitive conduct and unfair methods of competition in or affecting commerce in violation of Section 5(a) of the FTC Act, 15 U.S.C. § 45(a). I. NATURE OF THE CASE 1. Facebook is the world’s dominant online social network, with a purported three billion-plus regular users. Facebook has maintained its monopoly position in significant part by pursuing Chief Executive Officer (“CEO”) Mark Zuckerberg’s strategy, expressed in 2008: “it is better to buy than compete.” True to that maxim, Facebook has systematically tracked potential rivals and acquired companies that it viewed as serious competitive threats. Facebook 1 Case 1:20-cv-03590-JEB Document 75-1 Filed 08/19/21 Page 2 of 80 supplemented this anticompetitive acquisition strategy with anticompetitive conditional dealing policies, designed to erect or maintain entry barriers and to neutralize perceived competitive threats.
    [Show full text]
  • Technology Mergers and the Market for Corporate Control
    Forthcoming MISSOURI LAW REVIEW (Fall 2021) Technology Mergers and the Market for Corporate Control Geoffrey A. Manne (President & Founder, International Center for Law & Economics) Samuel Bowman (Director of Competition Policy, International Center for Law & Economics) Dirk Auer (Senior Fellow, International Center for Law & Economics) ICLE Working Paper 2021-08-04 Electronic copy available at: https://ssrn.com/abstract=3899524 Abstract A growing number of policymakers and scholars are calling for tougher rules to curb corporate acquisitions. But these appeals are premature. There is currently little evidence to suggest that mergers systematically harm consumer welfare. More importantly, scholars fail to identify alternative institutional arrangements that would capture the anticompetitive mergers that evade prosecution without disproportionate false positives and administrative costs. Their proposals thus fail to meet the requirements of the error-cost framework. Several high-profile academic articles and reports claim to have identified important gaps in current merger enforcement rules, particularly with respect to tech and pharma acquisitions involving nascent and potential competitors—so-called “killer acquisitions” and “kill zones.” As a result of these perceived deficiencies, scholars and enforcers have called for tougher rules, including the introduction of lower merger filing thresholds and substantive changes, such as the inversion of the burden of proof when authorities review mergers and acquisitions in the digital platform industry. Meanwhile, and seemingly in response to the increased political and advocacy pressures around the issue, U.S. antitrust enforcers have recently undertaken several enforcement actions directly targeting such acquisitions. As this paper discusses, however, these proposals tend to overlook the important tradeoffs that would ensue from attempts to decrease the number of false positives under existing merger rules and thresholds.
    [Show full text]
  • Facebook Wraps up IPO Road Show in Silicon Valley 12 May 2012
    Facebook wraps up IPO road show in Silicon Valley 12 May 2012 The event followed similar meetings in New York on Monday and Boston on Tuesday. Facebook will hold some smaller, private meetings in the coming week but nothing as big as those three. The company also has posted a version of its road show presentation online. Facebook Inc. is expected to price its IPO on Thursday and begin trading on the Nasdaq Stock Market on Friday under the ticker symbol "FB." The offering could value the company near $100 billion. More information: Link to Facebook's road show video: http://facebook.retailroadshow.com/launch.html Facebook board member Marc Andreessen, who also co- founded Netscape, leaves a hotel in Palo Alto, Calif., Friday, May 11, 2012 from an investors meeting about ©2012 The Associated Press. All rights reserved. Facebook's IPO. CEO Mark Zuckerberg and other This material may not be published, broadcast, executives spoke to prospective investors at the hotel rewritten or redistributed. luncheon on Friday. The event was the last of the bigger roadshows Facebook Inc. is holding ahead of its initial public offering expected late next week. (AP Photo/Paul Sakuma) (AP) -- Facebook CEO Mark Zuckerberg and other executives addressed about 200 prospective investors Friday at a hotel luncheon in Silicon Valley. Friday's event was the last of the bigger road show events that Facebook Inc. is holding ahead of its initial public offering of stock, which is expected late next week. The luncheon was held at the Crown Plaza Hotel in Palo Alto, Calif.
    [Show full text]