FACEBOOK made its debut on the stock market a year ago on May 18 in one of the largest IPOs in history and the biggest for any Internet company.
The social network's market value was more than US$100 billion.
Now, Facebook's stock is trading roughly 30 per cent lower and has not hit its IPO price of US$38 per share. Today ...more »
Rio de Janeiro, Brazil — A suspected crack user strums a guitar as he watches social workers roundup other suspected addicts to take them to a shelter, at a local "crackland," in Rio de Janeiro, yesterday. Since police have stormed some of Rio de Janeiro's most dangerous shantytowns to seize back territory long held by a powerful drug dealing organisation, hundreds of crack cocaine addicts have moved to other areas, creating new "cracklands." Health workers make daily rounds, as part of a programme run by Rio de Janeiro's Social Action Secretariat, looking for the suspected addicts to remove them from the streets. In the past week, 290 suspected addicts were taken to nearby shelters. (Photo:AP)
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