All Posts Tagged Tag: ‘Facebook IPO’

Mark Cuban Informs You About Facebook

Mark Cuban, financial guru, is known for his candid and sometimes contradictory financial (or life) advice. Typically I enjoy his commentary because he likes to cut right to the core of a topic and clear the air of the convoluted bullshit that sometimes surrounds financial arguments. In this case, he swats down some non-sense about what plagued the Facebook IPO …

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Big Investors Named in Facebook IPO Debacle

In the wake of dwindling share prices following the Facebook IPO, Facebook has been accused of sharing certain information with key investors, leaving individual investors high and dry once the share prices took a nose dive. A Facebook executive has reportedly told analysts that business wasn’t as good as they initially thought. This info was given to large investors, but …

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Facebook Hit With Class Action Lawsuits Following Fubar IPO

Whenever we here at WebProNews have speculated or reported on class action lawsuits filed against Facebook, the nature of those complaints has almost always had to do with the social networking giant’s dubious handling of user privacy. Given the remarkably awful situation that has plagued Facebook since its initial public offering this past Friday, the company has found a new …

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VEVO Sees Increase in Facebook Traffic

Music video distribution service VEVO had said it planned to expand in 2012 back in March, and launched in 6 new countries, and also unveiled a redesign. And the new look and functionality has worked, as the platform has seen a 600% boost in Facebook-published content viewership. VEVO’s new player has taken advantage of Facebook’s Open Graph, and saw six …

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Facebook Might Switch to NYSE after Nasdaq Failure

Facebook stock closed at $31.99 per share yesterday, and some speculate that there truly is no limit on how low it can go. One of several factors that might’ve contributed to the sensational IPO’s less than stellar performance was an alleged technical problem at NASDAQ early on, which has prompted some investors to sue, and likewise drew the attention of …

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Facebook Wants You to Buy Premium Ads Via Power Editor, API

Can you recall back to February when Facebook was still a private company but was planning to flip into the public realm in a few months? Remember back then at the company’s marketing conference when COO Sheryl Sandberg and friends pitched Facebook to businesses and announced a new series of advertising options on the website, such as premium ads? This …

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Facebook Stock Closes at $32 on Wednesday

Facebook stock is once again closing in the $30 price range at $31.99 as the Nasdaq market closed at 4PM today. It opened at $31.37, rose as high as $32.50, and dipped as low as $31.36. So not a lot of variety there. Of course, the stock prices themselves haven’t really been the news as far as the Facebook IPO …

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Morgan Stanley to Adjust Facebook Prices for Retail Customers

Good news for early Facebook IPO investors who may have been a victim of Nasdaq’s computer communication glitch, Morgan Stanley is reviewing all of the trades that went through on that day. As you remember, trading was delayed by a half hour Friday morning as big bank trading desks attempted to verify who bought what and at what price. The …

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Facebook IPO Earns Zuckerberg $1.1 Billion

When Facebook launched it’s IPO on Friday, CEO Mark Zuckerberg contributed 30.2 million of his own shares in the company to the sale. Those shares, as it turns out, sold for $37.58 each, netting Zuckerberg a cool $1.1 billion dollars. Unfortunately, however, Zuckerberg doesn’t get to do a Scrooge McDuck impression and go swimming in all that money. According to …

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Facebook IPO Scandal: Was the Nasdaq Glitch Real?

Perhaps we are all overreacting to the Facebook/Nasdaq/Morgan Stanley issue by calling it a scandal. But experience has taught many of us a valuable lesson; if it looks like a fish, swims like a fish, and smells like a fish, it’s probably a fish. As we just reported last hour, Investors in New York and California have filed lawsuits against …

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Facebook and IPO Underwriters Sued by Investors

If you thought Facebook was in the news a lot for their patent lawsuits, welcome to IPO litigation. Interested parties are crawling out of the woodwork to contest the bullshit events that surround Facebook’s IPO and everyone involved. As we just reported this morning, the Commonwealth of Massachusetts has subpoenaed documents pertaining to Morgan Stanley’s revised revenue forecast the week …

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Investor Sues Nasdaq Over Facebook IPO

Maryland Facebook investor Phillip Goldberg has just filed a complaint against Nasdaq OMX Group Inc. regarding “badly mishandled” trades upon the social network’s IPO. Goldberg aims to represent a group of investors who saw orders not processed correctly, which prompted them to lose money. Goldberg went through Charles Schwab to try to trade shares, and perhaps ran into some snags …

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