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  • The Nasdaq stock exchange will pay $40 million in compensation for troubled trades that occurred during Facebook's initial public offering. Nasdaq clients lost millions of dollars because of computer glitches. The opening trade was delayed by more than 30 minutes, and many investors were unsure if their trades had gone through.
  • The company showed a profit of nearly $220 million for the quarter but it fell short of analysts' expectations. CEO Mark Zuckerberg blamed the missed target on higher costs. Company spending is up 60 percent this quarter over the previous one due to hiring and new developments.
  • Presidential campaigns are in high gear with Election Day a week away. At the same time, Facebook stops political ads. And, European countries reinstate curfews and closures as COVID-19 cases spike.
  • Authorities say that about 40 people may have watched the rapes of a 15-year-old girl that were streamed on the social media platform — and that none of them reported the crimes.
  • The social networking site plans to sell share shares for between $28 and $35 each, using the ticker symbol FB. The share sale is expected to raise as much as $12 billion, making it one of the largest initial public offerings ever.
  • Research from New York University found that far-right accounts known for spreading misinformation drive engagement at higher rates than other news sources.
  • A New Jersey teacher posted comments on Facebook against a gay history exhibit at her school. Another teacher could lose her job for a post in which she called her students future criminals. Incidents like this around the country spark heated debates over privacy and free speech.
  • The former president filed suit against three of the nation's biggest tech giants, alleging they wrongfully kicked him off their platforms after a mob of his supporters attacked the U.S. Capitol.
  • In an effort to be a more powerful player in the news business, Facebook is asking local and global outlets to tag-team on the creation of Facebook products.
  • A survey of doctors and medical students finds the majority believe it's wrong to visit the profiles of patients or to interact with them on social networks for either social or professional reasons.
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