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All Posts Tagged Tag: ‘Facebook IPO’

Facebook Offers 70 Million More Shares, Heads To Court Over IPO

Facebook announced on Thursday that it is offering 70,000,000 new shares of its Class A common stock, with 27,004,761 shares being offered by the company itself and 42,995,239 shares being offered by certain selling stockholders, including CEO Mark Zuckerberg, who is offering 41,350,000 shares. The company plans to use the net proceeds from the offering for working capital and “other …

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Facebook Stock Rallies, Nearly Hits Its IPO Price

For the first time since the IPO, Facebook stock approached $38 a share today. It didn’t actually hit that significant number (that’s what the stock started out at back in May) – but it came close. Really close. Its high for the day was $37.96 – an increase of nearly 7% from its opening. For Mark Zuckerberg and the rest …

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Facebook and Its IPO Made San Mateo County the Highest-Paid County in America

According to figures just released by the Bureau of Labor Statistics, Facebook’s May 2012 IPO made San Mateo county, California the most well-paid area in the country. The average weekly worker wage in San Mateo County, California (home to Facebook’s Menlo Park campus) was $3,240 in Q4 of 2012. That’s over a thousand dollars a month more than the second-place …

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New Facebook Lawsuit, Same Old Facebook IPO Gripe

A new lawsuit filed by a Facebook shareholder claims that the company knew about downward trends in revenue tied to increased user defection to mobile from desktop use. Gaye Jones says that such information was shared with key investors. “The defendants were unjustly enriched because they realized enormous profits and financial benefits from the IPO, despite knowing that reduced revenue …

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Facebook Wants to Keep “FB” on the Nasdaq Exchange

As of yesterday, Facebook executives have decided it’s a good idea to keep their stock, ticker symbol “FB”, listed on the Nasdaq Stock Exchange. Previously the company had debated taking their shares over to the NYSE after Nasdaq experienced a devastating computer glitch that left big bank trading desks flying blind on the morning of their IPO launched. Currently, Facebook, …

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Facebook Underwriters Unsure About Q2 Performance

Estimates of Facebook’s second quarter financial performance are starting to pour in, and not surprisingly, the social network’s lead underwriters are predicting some of the lowest numbers. The general estimation for Facebook revenue comes in at around $1.16 billion and $0.12 per share. Morgan Stanley is saying it will be more like $1.11 billion with $0.10 per share. Goldman Sachs …

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SEC Investigates Nasdaq and NYSE After Facebook IPO Breakdown

The Securities and Exchange Commission (SEC) isn’t buying that Nasdaq’s much publicized computer glitch on the opening day of Facebook’s IPO was the root cause for all the confusion. In fact, they have seen a couple other cases of so called, trading communication breakdowns coming from the NYSE, and now they want answers. According to Nasdaq, they rewrote some computer …

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LivingSocial Not Going Public Anytime Soon

In light of the totally botched Facebook IPO, it’s no wonder many tech companies are in no hurry to go public. According to LivingSocial CEO Tim O’Shaugnessy, you can add LivingSocial to that list. Despite recent losses for the company, they are aren’t hurting for the capital an IPO would bring in. LivingSocial was recently able to raise $600 million …

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Nasdaq Glitch Blamed for Facebook’s Abysmal IPO Performance

As we reported on Friday, Nasdaq is getting the blame for Facebook’s botched IPO launch and the subsequent poor trading performance in the days that followed. The remarks come from a court filing by Facebook and Morgan Stanley who seek to combine more than 40 state and federal lawsuits brought against Facebook and their lead underwriters stemming from the events …

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Why Facebook Isn’t a Bad Investment for Everyone

Back on the 12th of June, Harvard Business Review (HBR) published an article explaining how so many investors were enticed by Facebook’s public offering and why it wasn’t a good idea, according to their principals of investment, to jump on the investment. The first point they raise involves small investors, and the mentality they took when evaluating the investment. According …

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Facebook Blames Nasdaq and Wants to Consolidate IPO Investor Lawsuits

The one month anniversary of Facebook’s much anticipated initial public offering is close at hand, and the social networking giant has yet to address investor concern or the countless lawsuits which have been filed against the Nasdaq, Mark Zuckerberg, or even Facebook itself. According to what an inside source told the New York Times, Facebook intends to file a motion …

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UBS Lost $350 Million on Facebook IPO Trades

Earlier this week we reported that the Nasdaq stock exchange had set aside $40 million to compensate investors who were hurt financially by the computer glitch that plagued Facebook trading early on during the IPO launch. You might recall, the glitch left big bank trading desks blind to who bought what and at what price. UBS was one of the …

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