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Facebook Inc CEO Mark Zuckerberg soothed investors in his first major public appearance since the No. 1 social network's rocky May IPO, breathing life into its struggling shares after hinting at new growth areas from mobile to search.

Facebook shares scraped a new low
Tuesday. The new drag on the already leaden stock:
Analysts from two of Facebook’s largest
underwriters on its botched initial public
stock offering cut their price targets.

Facebook Inc promised not to sell stock to cover a nearly $2 billion tax bill and said it will allow employees to cash in their stock weeks ahead of schedule, moving to soothe nervous investors and its own staff as its share price spirals downward.

A registered sex offender has been arrested after the mother of the girl he was dating set up a Facebook sting.

Facebook is weeding out fake "Likes" on its social network that are being caused by spammers, malware and black marketeers as it strives to maintain credibility as an advertising platform. Facebook said the number of Likes, or endorsements by users, on corporate pages is likely to drop by less than 1 percent, on average, after the crackdown.

Facebook Inc. received final approval Wednesday for its purchase of photo-sharing application Instagram Inc., clearing the way for a cash-and-stock deal that has lost about a quarter of its value since an agreement in April.

With the value of its shares down over 50 percent since its highly anticipated IPO, is the company making a hash of the public relations disaster it is now facing; and, just as important, why has Zuckerberg remained quiet about the state of the company?

Facebook and Internet portals such as Google and Yahoo increasingly provide Americans their gateway for news, but the bulk of voters who catch up on current events daily turn to traditional sources, particularly local television stations, according to a nationwide poll.

UBS decried a proposal from Nasdaq to make up losses for firms damaged in the Facebook stock-market debut, joining a growing chorus of Wall Street players that are calling on regulators to reject the exchange operator's plan.

For the last few days, “The Apparition” has been adding about 5,000 Facebook Likes per day, by far the most for films opening this week. “Hit & Run” and “Premium Rush” have been adding about 2,000.