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NASDAQ Fined $10 Million For Botched Facebook IPO

NASDAQ Fined $10 Million For Botched Facebook IPO

By Zach Walton May 29, 2013

To say the Facebook IPO was a disaster might be a bit of an understatement. A few days after the social network went public, reports emerged that a technical issue prevented trading and many investors lost money as the stock’s …

Netflix CEO Reed Hastings Talks SEC, Facebook Posts Netflix CEO Reed Hastings Talks SEC, Facebook Posts

Netflix CEO Reed Hastings absolutely thinks that social media is a “public” enough forum to house statements from companies to investors. He says that he’s “not going to back down” and that he would continue to post information about his …

Netflix in Trouble with SEC Over Facebook Posts Netflix in Trouble with SEC Over Facebook Posts
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Netflix and CEO Reed Hastings are in hot water with the Securities and Exchange Commission due to a series of Facebook posts that the SEC says may have violated Regulation Fair Disclosure. Earlier this summer, Hastings publicly posted some stats …

SEC Investigates Nasdaq and NYSE SEC Investigates Nasdaq and NYSE

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 …

Facebook Stocks Finds New Low at $25.75 Facebook Stocks Finds New Low at $25.75
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It seems like everyday marks a new low for the folks over at Facebook. Today, stock prices slipped below the $26 mark to $25.75. Considering shares started out at $38, I would say the IPO has lost almost all of …

Facebook IPO Pushes Investors off the Stock Market Facebook IPO Pushes Investors off the Stock Market
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Sometimes something is just a bad investment, and as time goes on, the shares you purchased in the company just lose more and more value. At other times, as with the Facebook IPO, it is clear that you were swindled. …

Starboard Says AOL Loses $500 Million a Year Starboard Says AOL Loses $500 Million a Year
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In comScore’s latest report regarding the top 50 internet properties in the U.S., AOL came in at #5, with over 110 million unique visitors during the month of April. It’s clear that AOL has maintained a steady audience regarding its …

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AOL Informs Starboard their Nominees are Useless AOL Informs Starboard their Nominees are Useless

Things haven’t been stellar for AOL lately, but they are performing better than many expected. Months ago, Starboard, one of AOL’s major shareholder, voiced their concerns over AOL’s performance and what could be done to unlock shareholder value. More recently, …

Facebook Might Switch to NYSE after Nasdaq Failure 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 …

Groupon’s Financial History [Infographic] Groupon’s Financial History [Infographic]

Yesterday I reported on a letter to shareholders from Groupon CEO, Andrew D. Mason. The main point of the letter was to express his vision for the future of the online coupon giant and to lay out the pieces of …

Facebook's SEC Registration Statement Facebook's SEC Registration Statement
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For the quarter ending March 31st and for the upcoming initial public offering, Facebook has filed a registration state with the United States Securities and Exchange Commission (SEC) outlining everything financial and otherwise about Facebook you could ever want to …

Amazon UK: $11 Billion in Sales, No Taxes Paid Amazon UK: $11 Billion in Sales, No Taxes Paid

Amazon, the largest online retailer in the UK, last year posted sales of more than $5.2 billion in that country, but didn’t pay any corporation tax on the profits, which prompted an investigation by Britain’s tax authorities. Regulatory filings by …

Groupon Gets SEC Attention, Settles 17 Suits Groupon Gets SEC Attention, Settles 17 Suits

Late on Friday, Groupon issued a press release revising its earnings report, which was initially released in February. As previously reported, lawyers immediately started seeking complaints against the company. In fact, one press release from law firm Federman & Sherwood …

Sen. Wyden Demands Vote On American Copyright Sen. Wyden Demands Vote On American Copyright

If you are curious about about what goes on in copyright and trade negotiations and more specifically how the Anti-Counterfeiting Trade Agreement (ACTA) functions, or if they function, you would be on the same page as Senator Ron Wyden of …

Bill Opponents Warn of a Repeat of Enron Bill Opponents Warn of a Repeat of Enron
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A new bill that would relax the Security and Exchange Commission (SEC) regulation on small and upcoming businesses seemed like a shoe-in last week, but it is facing some major opposition from democratic opponents who warn it could lead to …

Facebook Creates A Challenge For SEC Facebook Creates A Challenge For SEC
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According to the Securities and Exchange Commission, it has become increasingly more difficult to regulate and minimize insider trading. A predominant reason for this is social media like Facebook and Twitter. The ease at with insiders can share and disseminate …

Groupon IPO Reportedly Delayed Groupon IPO Reportedly Delayed
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It appears that Groupon is delaying its IPO. A report from the Wall Street Journal, citing “a person familiar with the matter,” indicates that the company has canceled its IPO roadshow and is “reassessing the timing” of the IPO, which …