Apres Facebook, le deluge?
Talk about a backfire. Controversial Facebook co-founder Eduardo Saverin, who recently renounced his U.S. citizenship and came under fire for supposedly skipping out on U.S. taxes, might actually end up owing more money — an estimated $43 million.
Zynga shares halted as Facebook opens for trading.
Facebook users don’t trust the company with their private data, rarely click on display advertisements, and split on the social giant’s investment status prior to the impending IPO, according to a new poll conducted by CNBC and the AP.
Facebook is king of the social networks, but when it comes to its business model, it looks a lot like a traditional media company. 15 percent of its revenue comes from games like Zynga, but the rest is advertising, purchased in large part by the same blue chip brands who shop at Conde Nast or the New York Times.
Microsoft CEO Steve Ballmer
Fresh from the $180 million acquisition of OMGPOP, Zynga has priced the secondary offering of its stock at $12 a share. The San Francisco maker of social and mobile games is using the secondary offering to give longtime investors a chance to cash out.
Editor's Pick The JOBS (Jumpstart Our Business Startups) Act that passed in the House today contains some big changes for crowdfunding startups. It now moves on to the Senate.
Review site Yelp, which has turned into a ubiquitous guide to restaurants, opened 60 percent above its strike price of $15 today, valuing the company at $1.43 billion or roughly 17 times its annual revenue.
The legal team at Yahoo reached out to Facebook yesterday, at the same time as they were briefing the New York Times, to give the social networking giant the heads up that it would be seeking licensing fees on ten to twenty patents, and suing if that didn’t work.
Groupon reported its first quarterly earnings as a public company this week and blew away its numbers — in the sense that it stopped reporting key numbers investors need to assess the health of its business.