Facebook Stock Downward Spiral Continues With Further 11% Drop – Facebook shares fell 11% on Monday, the company’s second day as a publicly traded company, due to what many analysts and investors blamed on overly aggressive pricing by Facebook’s underwriters. [bizworld]

Inside Facebook’s Fumbled Offering – Less than three days before Facebook Inc.’s initial public offering, Chief Financial Officer David Ebersman decided to boost the number of shares the company would offer investors by 25%, said people familiar with the planning. His main adviser at lead underwriter Morgan Stanley assured him there was plenty of demand, they said. [wallstreetjournal]

Investor Sues Nasdaq Over IPO Balls-Up – Nasdaq OMX Group Inc has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook Inc shares following its initial public offering, causing losses for investors. [reuters]

No Connection Between Zuma Penis Vandals – The lawyer for one of the two men arrested for vandalising a controversial painting of President Jacob Zuma at the Goodman Gallery said on Tuesday that there was no connection between the two. [news24]

Tycoon’s Helicopter In Mysterious Crash – A Helicopter belonging to alleged underworld tycoon and businessman Frikkie Lutzkie mysteriously crashed in Northern Cape, near the border with Botswana. The multimillion-rand Augusta A119, piloted by Lutzkie, was found on Friday camouflaged with branches and smeared with mud. Several large-calibre cartridges were found inside the aircraft. [timeslive]

Formula 1 IPO Given Green Light In Singapore – Just days after Facebook took the plunge with a multi-billion dollar shares sale in the U.S., another high-profile brand, Formula One, appears to have accelerated its own plans for a public listing in Singapore. [cnn]

SA Grabs Gold At Chelsea Flower Show – The 2012-Kirstenbosch-SA exhibit by designers David Davidson and Ray Hudson have been awarded a gold medal at the Chelsea Flower Show in London. [mail&guardian]

Google Chrome Is Worlds’s Most Used Web Browser – Google Chrome surpassed Internet Explorer last week as the world’s most used Web browser, according to a statistic released Monday. [latimes]

The 10 Most Valuable Luxury Brands In The World – Louis Vuitton, the French maker of laminated canvas handbags, was named the world’s most valuable luxury brand for a seventh consecutive year. The brand, owned by LVMH, is worth $25.9 billion, a 7 percent increase from 2011, according to Millward Brown Optimor’s 2012 BrandZ study. [luxuo]

Skydiver Aims To Land Without Parachute – A stuntman will attempt to make aviation history later by becoming the first skydiver in the world to land without the use of a parachute. Gary Connery, 42, from Oxfordshire, will leap from a helicopter a mile high then moments before reaching the ground he will “flare” his suit to slow his descent to land safely on a “runway” of 18,000 cardboard boxes. [skynews]

Blood Spatter Saves Terr’Blanche Murder Accused – A teenager was acquitted of the murder of rightwing leader Eugene Terre’Blanche on Tuesday, but his co-accused was found guilty. [news24]

Are Justin And Selena Overs? – Selena Gomez and Justin Bieber have officially broken up because rumour has it that Justin was getting too close with Rihanna and that they’ve probably even slept with each other. Yu yu yu! [celeblaundry]

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COMING UP TODAY

The Rolling Stone Chart Show – 2ov Radio has teamed up with Rolling Stone magazine to bring you the weekly charts at 12h45 each Wednesday – live to your radio / car / mobile phone on the Just Josie Show! Followed by Food and Wine pairing with Maryna from Wine-Extra and Miss K Cafe. [rollingstone]

The Bailey Schneider Show from 14h00-15h00 – Top Interior Designer Colin O’ Mara Davis will be in studio talking about interior design, decor and Grand Designs Live Home and Garden Show on this weekend. Bailey is involved as one of the 6 celebrities along with Ashley Hayden, Mark Pilgrim, Gregg Hammond, Kahn from the Parlotones and Bridget Masinga designing a room in the Celeb Mansion.[baileyschneider]

FRESH PODCASTS

Jen Su With Bailey Schneider – We always see and hear Jen Su out and about. She’s on radio, on your TV screens and at every event, but who is she really? Get the skinny on one of SA’s popular socialites.[podcast]