What’s happening to Facebook? It seems that on an almost daily basis, we’re seeing headlines talking about its share price plunging yet again, leaving the impression that this once powerful symbol of American creativity and economic abundance has fallen on hard times. On Friday, Facebook Inc. fell to a record low of $18.31 a share—less [...]
Wall Street Shocker: Facebook Stock Falls to Half-Price Since IPO
August 17, 2012 | Posted by
With Thursday bringing the first expiration date on Facebook’s insider lock-up, share prices fell to a new low as partner companies and investors such as Goldman Sachs were able to sell their own stock in the company for the first time. Share prices tumbled down to $19.69 before leveling at $19.87 by closing time Thursday. [...]
Facebook Posts Big Loss After IPO
July 27, 2012 | Posted by
Facebook Inc. released its first earnings report since its May IPO, posting a net loss of $157 million, despite posting $1.18 billion in revenue, a 32 percent increase for the company. Executives for the newly public company explained the 8 cent per share loss as the result of stock compensation charges stemming from the IPO. [...]
UBS Considers Lawsuit After $350 Million in Facebook Losses
June 10, 2012 | Posted by
The fallout from Facebook’s disastrous IPO is continuing, as the Swiss bank UBS is considering filing a lawsuit against Nasdaq because technical screwups during the opening day Facebook trading caused the bank to lose as much as $350 million. Nasdaq has declined to comment. According to reports, the opening was delayed for half an hour [...]
Facebook CEO Mark Zuckerberg weds Priscilla Chan After IPO
May 20, 2012 | Posted by
A day after the historic Facebook IPO, founder and CEO Mark Zuckerberg updated his status Saturday to “married.” Zuckerberg wed 27-year-old Priscilla Chan, his girlfriend of nearly a decade, according to a guest authorized to speak for the couple. The person spoke only on the condition of anonymity. The couple married at his Palo Alto, [...]
Facebook IPO Crushes Records
May 5, 2012 | Posted by
Facebook, the world’s most popular social networking site, continues to make headlines with aggressive moves as it approaches its initial public offering (IPO), currently set for May 18. The company currently values itself between $86 and $96 billion, and will offer up to 3374.4 million shares at a price between $28 and $35. The eight-year-old [...]
