The search for him, once hopeful, was turning desperate. Weather stoked the fear. The missing man was wearing only shorts, a T-shirt and running shoes. It was late March. Daytimes were warm, but the cold scythed through the spruce forest in the depth of night, the temperatures cutting into the 20s. For three days, rescue teams had fanned out for 50 yards on each side of the marked trails. Riders on horseback ventured through the gnarly brush, pushing past the felled branches of pinyon-juniper and ponderosa pine. An airplane and a helicopter circled in the sky, their pilots squinting above the ridges, woodlands, river canyons and meadows. “We’re in the middle of nowhere, and this guy could be anywhere,” Tom Bemis, the rescue coordinator appointed ... Continue reading →
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. Some companies have come and gone. Some are mere shells of their former selves. And others show promise, even as Facebook dominates the social Web. — Geocities Launched in 1994, Geocities offered a way for people to build websites and tell the world about themselves with postings and photos. Users could also buy and sell things through online stores. Pages built to feature different subjects formed virtual communities. Yahoo bought it in 1999, at the height of the dot-com boom, for about $3 billion and shut it down a ... Continue reading →
Facebook stock debut fails to sizzle By BARBARA ORTUTAY, AP Technology Writer – 21 minutes ago NEW YORK (AP) — It was barely a "like" and definitely not a "love" from Facebook investors as the online social network's stock failed to live up to the hype in its trading debut Friday.One of the most highly anticipated IPOs in Wall Street history ended on a bland note, with Facebook's stock closing at $38.23, up 23 cents from Thursday night's pricing.That meant the company founded in 2004 in a Harvard dorm room is worth about $105 billion, more than Amazon.com, McDonald's and Silicon Valley icons Hewlett-Packard and Cisco.It also gave 28-year-old CEO Mark Zuckerberg a stake worth $19,252,698,725.50."Going public is an important milestone in our history," Zuckerberg ... Continue reading →
CHICAGO (AP) -- Hoping to get in on Facebook's hotly anticipated public stock offering? You'll need Facebook friends at very high levels — or a lot of money. Most people who like the idea of owning Facebook's stock will have difficulty getting it at the offer price, currently expected at $28 to $35 a share. Unless you know the right people at Facebook, you'll likely need to have a large, active account with one of the big banks or brokerage firms directly involved in the stock sale. Otherwise, you can take your chances by buying shares after the initial public offering is completed, when Facebook begins trading on the Nasdaq Stock Market under the ticker symbol "FB." That's likely to happen Friday. Doing it that ... Continue reading →
Facebook CEO turns 28, IPO could be $100B gift BARBARA ORTUTAY Published: Yesterday FILE - In this May, 26, 2010 file photo, Facebook CEO Mark Zuckerberg talks about the social network site's new privacy settings in Palo Alto, Calif. Zuckerberg and other executives addressed about 200 prospective investors Friday, May 10, 2012 at a hotel luncheon in Silicon Valley. (AP Photo/Marcio Jose Sanchez, File) NEW YORK (AP) - Don't let the hoodie and sneakers fool you. Mark Zuckerberg is no wet-behind-the-ears CEO.Facebook's chief executive turns 28 on Monday, setting in motion the social network's biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday. The IPO could ... Continue reading →
