Facebook Named in Federal Class-Action Suit over Scammy Zynga Ads

Facebook and Zynga are the defendants in a federal class-action lawsuit filed Tuesday, which seeks upwards of $5 million for social network users scammed in online game ads. Neither company's top-drawer investors can be happy. More »

Investors Punish Online Scam Trafficker with $15 Million

Just as the public was learning that a huge chunk of Zynga's social gaming revenue came from scammy "quizzes" and "special offers," Silicon Valley's most prestigious venture capitalists rewarded the company with $15 million. Hey, that's just how VC's roll. More »

Scam-Brokering CEO Dissed His 'Bullshit' Ethics Class

Mark Pincus recently cut off the scamsters who supply his company with revenue. But before he bowed to controversy, the Facebook games merchant was more cavalier about corporate morality, even griping about his "bullshit" Harvard ethics class and idiot classmates. More »

Class Action Suit in the Works for Victims of Social Gaming Scams

Facebook and MySpace might finally pay the price for the big social gaming scandal: At least one law firm is investigating whether to launch a class action suit on behalf of duped users. More »

The Secret Shame of Social Networking: How Silicon Valley Got Hooked on Scammers

Silicon Valley pundits like to talk about social media as a potential geyser of cash. What they leave out is that one of the only ways social networks like Facebook, MySpace have done that is joining league with online scammers. More »
San Francisco's renaissance men are supposed to be clever enough to make millions on internet startups and cultured enough to make home design decisions. In reality, they lack both time and taste, so they just completely outsource the latter . More »