Anyone who’s ever heard of Nick Saban can sum up his career in one word – victorious. It’s no secret that the Alabama Rolltide head coach is not immune to defeat. He likes to win, and prides himself on it.…
NASDAQ Fined $10 Million For Botched Facebook IPO
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…
Nick Saban Called “The Devil Himself” By Florida Assistant
In the south, they take their college football incredibly seriously. In fact, it probably wouldn’t be a stretch to say that, in the geographic area that comprises the NCAA’s Southeastern Conference, the fans there enjoy college football more than the…
Companies Can Announce Important Info on Social Media, Rules SEC After Reed Hastings Investigation
The Securities and Exchange Commission has clarified its rules on Regulation Fair Disclosure, saying that public companies can use social media outlets like Facebook or Twitter to announce key company information – just so long as the investors are made…
Reed Hastings Challenges SEC on Netflix-Related 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 Reed Hastings’ Facebook Posts
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 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…
Facebook Stocks Finds New Low at $25.75
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
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 Claims AOL Loses $500 Million a Year on Display Ads
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…
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 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]
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: Zuckerberg’s Letter
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, 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 Draws SEC’s Eye, Forks Out $8.5 Million To Settle String Of Lawsuits
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, Patent Treaties
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
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…