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All Posts Tagged Tag: ‘Facebook IPO’

Social Media Stocks Continue to Struggle

Social media stocks are continuing to have a hard time this week following the widely-chronicled Facebook IPO fiasco. Since Facebook, which is currently down 24% from its initial price tag of $38 a share, has struggled in the market since day one, many investors are starting to pull away from other social media-related businesses. For example, Zynga, a company that …

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Facebook Down Again After Overnight Outage

It appears that Facebook is having some problems this morning, only a few hours after straightening everything out following an outage that lasted for more than two hours on Thursday night. That outage affected a good number of users across the world, and people took to Twitter to complain (and crack IPO jokes, as would be expected). By late Thursday …

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Is Mark Zuckerberg To Blame For Facebook’s IPO Fiasco?

Despite all the hype leading up to Facebook’s IPO, the circumstances abruptly changed after the company’s public debut. The stock was priced at $38 per share, which valued the company at $104 billion. At this rate, Facebook became the third largest public offering in the history of the United States, behind General Motors and Visa.

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Facebook’s Image, User Confidence Hurt Post IPO

Nobody needs to reiterate that Facebook’s post-IPO honeymoon period has gone, well, less-than-swimmingly. As of the writing of this article, the stock has sunk to $27.24 per share. On the plus side, it’s been hovering in the $27-$28 range all day and only dipped below $27 for a brief moment. Ok, who am I kidding – people aren’t too pleased. …

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Post Scheduling Added to Facebook Pages

Facebook has just added a new functionality that had been previously available in third-party development tools such as Post Planner and Buffer, which allows users to schedule their posts in advance. Ever since the social network’s IPO, numerous protocols and functionalities have been expanded upon regarding anything that affects potential ad content, as some investors fear that the platform is …

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Facebook’s Menlo Park Expansion Approved

Menlo Park leaders officially have approved Facebook’s expansion of its headquarters in that town, which will allow the search giant to hire up to 6,600 new workers. Good news, considering that Facebook’s botched IPO put the company in the habit of actually taking money from people. Facebook presently employs roughly 2,200 workers at its Menlo park campus, and the city …

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Facebook Stock Plummets Below $27.25

Yes, it is finally here, Facebook stock has fallen below the $28 per share price many investors have been waiting for. Still, more pessimists are saying they’ll wait for it to fall to $10, but I suspect those days won’t arrive. Currently shares of Facebook are trading at $27.20, but they are rapidly falling as I write this. You might …

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Morgan Stanley Praised for Facebook IPO by COO

Morgan Stanley Chairman and Chief Executive, James Gorman is defending the work they did on the Facebook IPO, claiming they played it 100% by the book and that also, he isn’t aware of any dissent regarding Facebook share prices or anything else, as far as the underwriters are concerned. In fact, last Friday, Facebook’s chief operating officer, Sheryl Sandberg called …

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Facebook Shuts-Down Kayak’s Plans to Go Public

Just weeks ago, right before Facebook’s much anticipated initial public offering, Kayak announced that they were ready to go public in a deal that would raise as much as $150 million. The plan was to let the mighty momentum from the Facebook IPO carry their offering into success. Today, the Connecticut-based online-travel service announced plans to postpone their roadshow and …

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Mark Zuckerberg Forgoes The Tip On European Honeymoon

It has been a busy month for Facebook’s Mark Zuckerberg. Not only did his company go public (and take quite the epic nosedive), but the 28-year-old billionaire married his longtime girlfriend Priscilla Chan. The newlyweds visited Italy for their Honeymoon, and according to sources they quickly adopted one particular aspect of the European culture – forgoing the tip. According to …

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Facebook Stock: Shares Drop Below $30

Facebook stock wasn’t looking much better at the end of the day on Tuesday, closing at $28.84. This effectively puts the shares down 24 percent since its public debut on May 18th. However, despite the dip in price, the company is valued at $79 billion, which, of course, is still incredibly impressive. For those who have been away from everything …

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Eduardo Saverin Talks Facebook With Veja

We’ve been covering Facebook co-founder Eduardo Saverin, and his plan to renounce his United States citizenship all throughout May. First, he was accused of trying to skirt taxes by renouncing his citizenship, but his representatives tried to explain that wasn’t the case. Next, Senator Charles Schumer of New York claimed Saverin was running a scheme and took legal action to …

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