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Barron's slams Facebook, stock falls

Facebook Inc.'s stock took a hit Monday after an article in the financial magazine Barron's said it is "still too pricey" despite a sharp decline since its initial public offering.

 

Chris Hughes, Facebook co-founder, takes over New Republic magazine

Chris Hughes, a co-founder of Facebook and organizer of Barack Obama's 2008 presidential campaign, has purchased a majority stake in the New Republic magazine and will become the venerable journal's editor in chief and publisher.

 

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