Vittorio Hernandez – AHN News New York, NY, United States (AHN) – JPMorgan Chase opened a new fund with the objective of investing in social media companies. Reports said among the key social networking media firms that the fund wants to acquire a minority share is Twitter. The fund would be the equivalent of rival [...]

Ayinde O. Chase – AHN News Editor New York, NY, United States (AHN) – Although millions of American children and teens are on the popular social networking site Facebook and use it to communicate across the digital expanse. There are two children with the last name of Obama whose mother won’t allow them on the [...]

Ayinde O. Chase – AHN News Editor Palo Alto, CA, United States (AHN) – Social networking giant Facebook has announced it raised $1.5 billion at a valuation of approximately $50 billion. The news confirms rumblings which have been surrounding the site and financial world for weeks. Financial backers which are largely Goldman Sachs also confirmed [...]

Vittorio Hernandez – AHN News San Francisco, CA, United States (AHN) – The three former partners of Mark Zuckerberg have asked the court to reopen a 2008 legal settlement made by Facebook in the amount of $65 million in stock and cash. They claim Facebook did not provide a correct valuation of the company’s shares [...]

Kris Alingod – AHN News Contributor Independence, AR, United States (AHN) – The Arkansas school official who posted anti-gay comments on Facebook has resigned amid pressure from advocacy groups and uproar nationwide. Clint McCance stepped down as vice president of the board of the Midland School District only a month after he was re-elected. He [...]

Tom Ramstack – AHN News Correspondent Washington, D.C., United States (AHN) – Some journalists complained Thursday during a business conference in Washington, D.C., about what they see as the sunset of the traditional news media while others said the Internet was opening new opportunities. The Online News Association conference in a downtown Washington hotel was [...]

Ayinde O. Chase – AHN News Editor New York, NY, United States (AHN) – Three New York City teachers have been fired for improper conduct with students on Facebook. In addition to “friending” too many students and posting inappropriate comments, one teacher’s Facebook friendship with a former student led to a sexual relationship. Chadwin Reynolds, [...]

photo credit: armandoalves In our investment banking business we are often contacted by business start-ups asking for our help in raising money. I am sure that we were not the first organization that was contacted and that these hopeful entrepreneurs had been searching for months for funding. I try to be helpful and spend time [...]