Facebook, Internet | featured news

Regulators, investors turn up heat over Facebook IPO

Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange.

 

DealBook: Facebook Shares Slump on Second Day

Facebook Share Price Fall

Facebook's stock was down more than 10 percent on Monday morning, to around $34 a share.

 

Facebook's Mark Zuckerberg marries sweetheart

Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday. Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, Calif., home, capping a busy week for the couple, according to a guest authorized to speak for the couple.

 

Facebook's IPO Sputters

Facebook IPO

Facebook shares struggled to stay above their $38 IPO price, as Wall Street bankers stepped in to prevent the newly minted stock from ending its first day with an embarrassing loss.

 

Facebook IPO falls short of the hype

Facebook IPO

There wasn't much to like about Facebook's first day as a public company. The social media giant's stock rose by mere pennies in its initial public offering. The shares closed at $38.23, barely above the $38 IPO price.The performance fell far short of the grandiose expectations of Wall Street and Silicon Valley, and raised questions about whether the company's stock will be the sure bet many had counted on.

 

Facebook's Eduardo Saverin Saves $67 Million in Tax by Leaving US

Facebook Inc. co-founder Eduardo Saverin will save at least $67 million in federal income taxes by dropping U.S. citizenship, according to a Bloomberg analysis of the company’s stock price. Those savings will keep growing if Facebook’s shares increase.

 

Mark Zuckerberg and Facebook ring in IPO with all-night hackathon

Mark Zuckerberg was not kidding about Facebook’s hacker culture. The night before the chartbusting initial public stock offering, engineers won’t be counting their Facebook dollars. They’ll be doing what they have always done: Hack. Facebook will pull an all-night hackathon that will end when Zuckerberg rings the Nasdaq’s opening bell from Facebook’s Menlo Park campus.

 

Several brokerages stop taking Facebook IPO orders

Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies.

 

Reasons Not To Buy the Facebook IPO

It?s entirely possible to create a list of reasons why you and I should be trying to buy stock in the Facebook IPO. There might well be a price pop given the interest in the issue. The company looks as if it might well become part of the basic infrastructure of the modern world.

 

Lack of trust in Facebook may hold back ad sales

Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods that make money for it.

 

Subscribe to this RSS topic: Syndicate content