Add the House and the Senate to the growing list of parties with serious questions and concerns about how Facebook, its underwriters, and the NASDAQ handled the most anticipated initial public offering in recent history.
Both the Senate Banking Committee …
The bungled handling of Facebook’s initial public offering by NASDAQ may have left the door open for a rival suitor to win over the newest technology company on the market.
The New York Stock Exchange (NYSE) is using Facebook’s NASDAQ …
Hewlett-Packard chief executive Meg Whitman said today that consumers are printing fewer photos. That’s why the company’s Imaging and Printing division saw sales drop 10 percent in the quarter.
The reason for that shift is interesting, and it may underscore …
In the convoluted case of the botched Facebook IPO, the story goes that the social network’s underwriters, with guidance from a Facebook executive, reduced their 2012 earnings estimates, shared that material information with a few, preferred investors, and let institutional …
Facebook shareholders have filed a class action lawsuit against the social network, as well as underwriting banks including Morgan Stanley, over its first-day trading slide, the law firm Robbins Geller Rudman & Dowd announced this morning.
The suit alleges that …
Can’t stand being away from your friends after graduating from college? Never fear; ooVoo will let you video chat with multiple friends at one time. The cloud-based video chatting service rolled out new apps for the iPad and Facebook today …
Facebook is learning that money and fame cannot buy you everything. The social network has been thwarted in its aggressive pursuit to sue any company that uses “book” or “face” in its domain name, most recently against a porn site …
William Galvin, Secretary of Commonwealth for Massachusetts, is subpoenaing Facebook investor Morgan Stanley, Reuters reports.
“The Securities Division has put out a subpoena to Morgan Stanley in connection with the analyst’s discussion with certain institutional investors about the revenue prospects …
Facebook has settled a lawsuit concerned “Sponsored Stories” that could have cost the company billions if the plaintiffs had won, according to a Reuters report.
In light of Facebook’s team taking the company public last Friday, it will have to …
Facebook Timeline, the company’s most recent take on the profile page that attempts to capture and highlight a person’s significant life events, is having a life-altering moment of its own.
The social network is testing a tweaked Timeline design, first …
Online game company RocketFrog wants to revitalize virtual gambling by offering real-world prizes to players.
Google chief executive Larry Page appears on PBS show “Charlie Rose” this evening at 11 p.m. local time.
In the show, Page addresses a wide range of topics, starting with today’s surprising news that Chrome is now the most popular …
One day after admitting it screwed up, Nasdaq is planning to make things right with investors who lost money over trading glitches during the Facebook IPO. Nasdaq is planning to spend $13 million to make amends for bad trades that …
Facebook’s shares tumbled this morning to a low of $33.01, well below the company’s initial price of $38 on Friday.
Pre-market trading of Facebook’s stock was already below $38, reports USA Today, but it quickly sank to $33 within the …
Nasdaq chief exec Robert Greifeld admitted Sunday that the exchange was at fault for some glitches in early trading of Facebook’s IPO but said it had nothing to do with the stock’s uninspired performance.
Social networking service Facebook went public …
As if Facebook CEO Mark Zuckerberg wasn’t busy enough readying his company to go public this past week, he also somehow found time to marry long-time sweetheart Priscilla Chan yesterday.
Social networking titan Facebook went public Friday in the largest …
The all-computer run NASDAQ could be to blame for a lack of a Facebook stock pop Friday, when the social network started its first day of trading. Orders flooded in for the stock, but overwhelmed computers and glitches slowed trading …
Hoo boy, anything tech-related that happened over this past week was dwarfed into oblivion by Facebook’s IPO.
Many of us were expecting a glorious event with massive profits for early shareholders, but the day’s events ended in disappointment.
The stock …
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Before Friday, almost every Silicon Valley insider was saying Facebook stock would finish its first day between $50 and $60 per share.
In reality, the share price at the closing bell was a pathetic $38.37.
How were these masters of …
So, Facebook is now public, and it got off to the most unimaginable and inauspicious start, losing $4 between the NASDAQ’s opening and closing bells.
But don’t go jumping out any windows just yet.
There’s no question that the IPO …
