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All Posts Tagged Tag: ‘Investments’

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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Pandora’s Fiscal 1Q 2013 Financial Report

Pandora’s first quarter fiscal report for 2013 is in and they have surpassed their expectations regarding revenue and listening hours. In fact, total revenue grew almost 60% and reached almost $81 million. Total listening hours grew 92% and reached over 30 billion hours, and compared with only 1.6 billion at the same time last year, that’s a huge jump. Non-GAAP …

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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 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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Facebook IPO Revised Revenue Report Scandal

Probably not surprising to most of you, big banks, and underwriters of the Facebook IPO deal, had inside information on the company’s inevitably shrinking revenues before trading even began. As we reported yesterday, Morgan Stanley’s financial forecasters issued a revised report early last week detailing an over 6% decline in revenue for the second quarter of 2012. The revisions stems …

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Facebook Closes at $31.12; SEC Examines IPO Issues

Today Facebook shares suffered another day of less than stellar trading. Prices reached a high of $35.59 and dipped to $30.94 at their lowest. The Nasdaq concluded regular trading with the shares at $31.12 and after hours activity reflects a similar price so far. Those who have been keeping track will recall that stock prices climbed to $45 early on …

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Facebook Shares Hit Below $31 at 18% Decline

Today the market on Facebook shares opened at $32.91, even lower than yesterday’s $34 closing price, but as trading got underway, the trend still favored the downward spiral. As I write this article, Facebook is trading at almost 18% below the targeted $38 per share price. For about $31 you can own a piece of social networking history. Though Facebook …

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Facebook IPO: Underwriters Fail to Prop Up Demand

After Friday’s botched Facebook IPO, where trading prices barely exceeded the $38 per share target price, things looked even worse yesterday. The market closed at just over $34 per share for Facebook. Now many banks offering the stock say they were bombarded with too many shares the day of the IPO. According to the Wall Street Journal, it is common …

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Facebook IPO: Big Bank’s Hidden Revenue Forecast

It’s not really news to anyone at this point, but the much anticipated Facebook IPO has been a big letdown for almost everybody involved. Of course, we think it began with Nasdaq’s monumental big trading desk communication breakdown, but Reuters is now reporting that things were headed south early last week during the IPO roadshow. Apparently Morgan Stanley’s Scott Devitt, …

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Facebook Daily Trading Ends At $34.03 Per Share

Facebook ended their first day of trading without underwriters propping them up and stock prices closed at nearly 11% below their targeted $38 per share price. Prices have been fluctuating all day, but the general trend suggests a $30 to $34 price range might have better suited the IPO. As we reported earlier, Friday’s trading was plagued by poor sales …

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Are Facebook Shares Just Too Pricey? [Twitter Reaction]

What’s one of the first things you try if something isn’t selling well? Did you say discounts? Of course, Facebook has to be selling poorly because it just costs too much. I think they should try out a buy one, get one deal. If you buy one share, you get the second for free. On second thought, it might really …

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