2012 Facebook News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Now its time for World Business report. Two billion friends, soaring profits and a big thumbs up from wall street. But how much bigger can facebook grow . Plus made in america. President trump hails a 10 billion taiwanese investment as proof hes making a difference. But one critic calls the deal a corporate welfare package. Welcome to World Business report. Im ben bland. Also coming up charged up samsungs on track for record annual profits as it puts the Exploding Phones scandal behind it. We start in Silicon Valley where it seems there is no stopping the worlds biggest social network. Faceboo...

responsibility to monitor or basically moderate that content online. >> but james, the cable news environment, the internet environment was extreme well before 2016. let's go back to 2012. facebook played an oversized role in the reelection of barack obama in 2012. you didn't have the extremes there despite the fact you had cable news hosts back then saying that barack obama was a racist and wasn't even born in this country. so what happened in four years at facebook? >> i think a number of things happened. one is that news organizations actually started to publish on facebook, which in som...

"wall street journal," facebook is coming under fire for allowing researchers to play with people's emotions. the social network admits it manipulated the news feeds of more than a half million random users in 2012. facebook says it altered the number of positive and negative posts people saw in their feed and tracked any changes in tone in their posts. that's weird. >> i have to say -- >> really weird. >> out of all the privacy facebook thing, this is really kind of creepy. >> it's beyond creepy. >> i'm part of an emotional test and i'm going to alter your mood? that's just sgl-- yuck. >> exa...

lead analysts at morgan stanley, the main underwriter for the facebook ipo, received privileged information about the company, information that they didn't share with retail investors. finra, the financial industry regulation authority, regulatory authority, the u.s. senate banking committee, and the commonwealth of massachusetts have all announced probes into the matter, and that was quickly followed by a lawsuit filed by some investors against facebook and its ceo, mark zuckerberg, alleging that both withheld material information from investors during the ipo process. now, specific...

from investors during the ipo process. now, specifically they are talking about forecasts that revenue would be lower in 2012. facebook tells cnn, by the way, that the lawsuit is without merit. ron is a former s.e.c. investment attorney. henry blodgett, ceo of business insider, a website. back in 2003 henry settled a civil securities charge with s.e.c. he was banned from the securities industry. he's a good friend of our show. henry, i say this because it's relevant to our discussion. you probably know more about this now than most people do. >> unfortunately. >> if no laws were brok...