Topic: Stock Offerings
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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Facebook stock: 6 intriguing investors
Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
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Briefing
Facebook IPO: five things to know before buying the stock
About 1 out of every 8 people on the planet have a Facebook account. Now, with the arrival of a public stock offering, all those people have a chance to be part owners of this social hub. Should you buy? Here are five things to consider.
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Tech stocks: How seven recent IPOs have fared
Tech stocks like Facebook can create plenty of buzz on Wall Street when they file for an initial public offering, or IPO, of stock. Below is a look at how tech stocks and other Internet-related stocks of some companies fared after going through a recent IPO. Some have done well. Others haven't.
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'Zero job' economy: 11 ways Washington can fix it
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The New Economy Facebook IPO: a bittersweet one-year anniversary
One year after the disastrous Facebook IPO, the company is making strides in mobile ad revenue, but its stock price is still far below its original IPO price. Also this week: Consumer sentiment hits six-year high; retail sales rise unexpectedly; and the world has a new (old) richest person.
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Stocks gain on good economic news
Stocks closed higher on Wall Street for a fourth straight week Friday. Consumer confidence and other economic indicators rose, giving stocks a boost.
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'Warren is in the house.' Billionaire Warren Buffett joins Twitter.
Warren Buffett has joined Twitter, becoming the second-richest member of the social network in the process. What can we expect from Warren Buffett's tweets?
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Horizons Has Facebook figured out smart phones? Wall Street thinks so.
Facebook announced a $219 million quarterly profit. What has the social network done right?
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Stocks edge higher to end turbulent week
Stocks edged higher on Wall Street Friday, as a mixed set of earnings capped a turbulent week on Wall Street. By many measures, stocks have endured a rough five days.
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Stocks down on signs of global economic slowdown
Stocks fell on Wall Street Wednesday as evidence of a slowing global economy grows. The drop comes just one week after US stocks hit an all-time high.
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Stocks end four-day advance as energy slips
A four-day advance for stocks came to an end on Wall Street as falling commodity prices brought down the stocks of energy and mining companies.
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New Facebook lawsuit says company hid important information
A new Facebook lawsuit says the company should have made its revenue situation more clear in the run-up to the 2012 IPO. This is yet another IPO lawsuit against Facebook.
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Stock breaks $800: Google passes milestone
Google stock breaks $800 for the first time Tuesday, signaling renewed confidence in the company's ability to reap steadily higher profits. The stock breaks $800 in morning trading, with Google shares climbing 1.2 percent.
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Dell goes private in $24.4 billion buyout.
Dell is going private, bowing out of the stock market in a $24.4 billion deal. The buyout taking Dell private is the largest deal of its kind since the Great Depression.
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Facebook 'mystery' event: A search engine in the works?
Facebook is holding a mystery press event at its Menlo Park, Calif. headquarters Tuesday. Some speculate that Facebook will unveil more robust search engine technology that will compete with Google.
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$1 million Apple heist: Thieves hit Paris store on New Year's Eve
$1 million Apple heist at the flagship store in Paris was a 'well prepared' operation, police said. Four armed thieves used the commotion around New Year's Eve festivities in downtown Paris to carry out the $1 million Apple heist.
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SolarCity IPO launches new breed of solar company
SolarCity is off its highs of last week, but is still trading above its IPO offered price. SolarCity is leading the way in making alternative energy accessible for the retail consumer.
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Energy Voices SolarCity IPO: How it beat the solar curse
SolarCity defied a trend of failing solar IPOs Thursday when its share prices soared nearly 50 percent on its first day of trading. What's behind the succes of the SolarCity IPO?
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Energy Voices SolarCity IPO share price slashed. Cloudy skies ahead for solar?
SolarCity IPO saw a steep price cut Wednesday. SolarCity is one of the leading US installers of residential solar panels, so why are investors getting cold feet?
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Netflix CEO in SEC trouble over Facebook post
Netflix CEO Reed Hastings is trouble for a Facebook post saying that Netflix's online viewing 'exceeded 1 billion hours for the first time ever in June.' Hastings didn't clear the data with the SEC or send out a formal press release, and Netflix stock climbed as a result of the post.
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The Monitor's View: Cyber Monday's sales success fits one Internet trend
The more Internet phenomena like Cyber Monday shake up old ways, the more governments try to control the Internet. A meeting of global communications regulators in December will test such a government role.
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Facebook stock jumps even as lockup period expires
Facebook stock soared over 7 percent despite more than 850 million shares in the company being freed up for sale. Facebook stock was expected to take a dive Wednesday, when the company's biggest lockup period preventing insiders from selling the stock expired.
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PayPal restructuring means lost jobs
PayPal is cutting about 325 jobs as part of a major reorganization by its new president in an effort to head off competition. Though revered on Wall Street, Paypal has a reputation as slow and bureaucratic on Silicon Valley, making it hard to attract top-level talent.
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Weak earnings reports weigh on stocks
Stocks were mostly lower Friday in response to weak corporate earnings reports. Tepid economic growth in the US also pushed stocks down.
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Ancestry.com sold for $1.6 billion. Shares soar.
Ancestry.com sold to a European private equity firm for a cash deal valued at approximately $1.6 billion. As a result of the deal, Ancestry.com shares jumped nearly 10 percent Monday.
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Stock market edges up on stronger housing report
The stock market ended mostly higher Tuesday after a surprisingly strong housing report. Better results from Mattel, Goldman Sachs, and Johnson & Johnson also shot the stock market higher.
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Stocks fall in worst week since June
Stocks dropped after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo. Financial and utility stocks had the biggest declines among the 10 industries in the S&P 500.
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Facebook: 1 billion monthly users and counting
Facebook reached a major milestone: 1 billion active members. Some 600 million of them access the social network through phones and tablets.
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LinkedIn 'influencers': Obama, Romney offer insight in new feature
LinkedIn is launching 'influencers,' a feature that will encourage users of the professional networking site to sign up to follow the musings and advice of a panel of luminaries including Barack Obama, Mitt Romney, and Richard Branson. LinkedIn hopes the feature will help it extend its clout beyond the help-wanted market.
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