Facebook, one of the  popular social media network seems to be facing problems  after its initial public offering is said to be  in trouble as Swiss bank UBS  may have lost as much as $350 million due to Facebook Inc’s  flawed initial public offering as reported by CNBC .

Facebook has been adding several features at regular intervals. Recently Facebook had opened App Center which is  a place to find Social Apps that features mobile and web applications.

Facebook’s next foriegn growth is said to be Asia accoring to a report  by social bakers.So in the long term Facebook will rise again from these kind of troubles as internet penetration will continue to grow as 2.3 billion new users had joined to web in 2011.