A year ago today, CEO Mark Zuckerberg "rang the bell" to open trading in one of the most hotly-anticipated initial public offerings in history as Facebook hit the stock market. And promptly went splat.
"In this world, nothing can be said to be certain except Facebook and taxes."
This was Facebook's year, with 1 billion users and an IPO. For many of the its first employees, it was the stuff dreams are made of -- until reality set in.
SurveyMonkey reveals how twenty-somethings hold their own views on the events that rocked the tech industry in 2012.
It's not just share prices and capital gains -- Facebook's new crop of millionaires have a lot on their minds.
TechCrunch played middleman in a Facebook IPO-related legal matter that ended with underwriter Citigroup being hit with a $2 million fine, and the firm firing a top analyst.
Facebook stock is trading at a new low: $18 and scant change at the time of this writing. We place the blame on analysts, which dealt the struggling social network a double whammy downgrade to expectations of its revenue and target stock price.
Less than two weeks after Facebook's stock price hit a low of $20.84 comes the reminder that about two billion more shares will hit the market between now and May, 2013.
Fidelity Investments, an early and major purchaser of Facebook stock, let go of 1.9 million shares during June alone, when the social network’s value on the public market sank as low as $25 per share.
Currently, the shares sit at …
In a deal worth an estimated $40 million or more, Nasdaq is planning to bail out investors who lost bigtime during Facebook’s disastrous IPO.
Back in May, when Facebook stock first went public, Nasdaq was responsible for some glitches in …
Editor's Pick
Facebook’s post-IPO performance has been poor. But is it so poor that it will hurt the prospects for other startups?
The short answer: Almost certainly.
This is the subtext of the wave of anger and disappointment over Facebook’s stock slide …
Facebook wrapped up its second week of public trading at a $27.84 a share, down 26.8 percent from its initial offering price of $38.
The all-time high for Facebook stock is $45, and its all-tie low is $26.83 — a …
They say a rising tide can lift all the boats in a harbor. The same logic applies to a sinking tide, and Kayak apparently has no intentions of going down with the ship, so to speak.
Enough of the watery …
Editor's Pick
If there was any doubt that Wall Street is a sucker’s game designed to take money from stupid people and put it into the hands of bankers and powerful corporations, Facebook’s initial public offering should clear that up.
Let me …
Editor's Pick
There’s been a ton of coverage about the Facebook IPO disaster, but very little of it looks at the crucial point two weeks ago where things went terribly wrong. It’s becoming increasingly clear that Facebook itself made a strategic blunder …
Senator Chuck Schumer (D-N.Y.) hijacked the senate floor today to address critics of his recently proposed Ex-PATRIOT act legislation, which would impose new taxes on people who give up their U.S. citizenship to avoid taxes and bar them from re-entering …
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 …
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 …
