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…
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…
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…
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…
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…
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…
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…
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…
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…