Facebook Shares Tumble after Quarterly Results (FB)

Facebook shares (NASDAQ: FB), after creating all the market buzz during its IPO in May, promising a spectacular growth story, tumbled on Thursday as company reported earnings that were in line with expectations but nowhere near the potential it projected.

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Facebook Settles Patent Suit with Yahoo (FB, YHOO)

Social networking giant Facebook Inc. (NASDAQ: FB) settled a patent infringement suit with Yahoo! Inc. (NASDAQ: YHOO). The two companies also said that they have entered into definitive agreements to launch a new advertising partnership, and extend and expand distribution agreements.

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