Social Media | featured news

Facebook stock drops below $19, half of IPO price

Facebook's beleaguered stock has lost more than half of its value since its initial public offering three months ago. Facebook Inc. hit a new low of $18.75 before bouncing back to $19.01 - down 4 cents - in morning trading Monday. The social networking icon's much-anticipated IPO turned sour amid technical problems on the NASDAQ stock market and high expectations. The stock has not surpassed its $38 IPO price since its first trading day.

 

Women are from Pinterest, Men are from Google+?

Google Plus / Pinterest

I’m sure you’ve all seen the gaudy statistics when it comes to the gender split of Pinterest’s following – anything ranging from 72% to a staggering 97% of its user base has been reported as female.

 

Facebook shares drop four percent, hit another low

Facebook

Facebook Inc shares sank as much 4.3 percent on Friday to set a new low, a day after early investors got the green light to sell for the first time. More than 270 million shares owned by the early investors became available for trade on Thursday after a 3-month curb on sales ended. That's more than one-half the 421 million shares sold in its initial public offering on May 18.

 

Is Mark Zuckerberg in over his hoodie as Facebook CEO?

Facebook's stock price slide has raised doubts about Mark Zuckerberg's role as CEO. Some say he should hand the reins to a more seasoned executive. The deepening slide in  Facebook Inc.'s stock is fueling talk once considered implausible on Wall Street and in Silicon Valley.

 

Facebook hits new low as IPO lock-up ends

Facebook Stock Price

Facebook's stock plunged to a new low Thursday after the expiration of a ban that had prevented some early investors and insiders from dumping millions of additional shares they own in the social-networking leader.

 

Report: Obama's campaign more wired than Romney's

Four years ago, then-Sen. Barack Obama got a head start on Arizona Sen. John McCain when it came to reaching voters online, on their mobile phones and on social media. Young voters, the group most likely to tune in digitally to the presidential campaign, broke overwhelmingly for Obama, giving him the biggest margin of victory among that age group ever recorded....

 

Facebook insiders can sell stock as 'lock-up' ends

Mark Zuckerberg

Facebook's early investors and a handful of directors will become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, one that will give many Facebook employees the same right to sell their shares this fall.

 

Usain Bolt wins most Olympic mentions on Twitter

Usain Bolt

The Jamaican sprinter — who repeatedly claimed legendary status after his phenomenal performance Saturday — was the most-mentioned Olympian on both Facebook and Twitter during the London Games, beating out American swimmer Michael Phelps.

 

FTC finalizes privacy settlement with Facebook

The Federal Trade Commission voted Friday to finalize its settlement with Facebook, resolving charges that the social network exposed details about users' lives without getting the required legal consent.

 

How Long Before Facebook Writes Off Its $1B Purchase of Instagram?

Kevin Systrom's smartest move was to sell Instagram to Facebook early, before having to deliver even an iota of revenue. My prediction is that we’ll look back on Facebook's acquisition of Instagram as a bust—much in the same way we now view News Corp.’s purchase of Myspace, AOL’s purchase of Bebo, and Excite@Home’s purchase of Blue Mountain Arts.

 

Subscribe to this RSS topic: Syndicate content