Wall Street likes data. Annual reports and quarterly reports move markets. If Wall Street could access daily data on the ins-and-outs of a company, it would. Hedge funds have been known to use analysis of satellite imagery of Wal-Mart parking lots to try to get a jump on the markets.
Editor's Pick No one knows how hard the mighty can fall quite like Mike Jones. Jones was MySpace’s most recent CEO; his job was to assess a faltering social app and see if it was saveable.
As VentureBeat’s Jolie O’Dell pointed out yesterday, Facebook CEO Mark Zuckerberg managed to strike a deal with some key investors and friends that gives him 57 percent of the shareholder voting power. For a public company, it’s an almost unheard of concentration of authority, a troubling sign for those who focus on shareholder rights.
Facebook said its users are increasingly using mobile devices, and that this is risky because the social network still hasn’t figured out how it can make money from mobile ads.
Facebook’s core values include a powerful, results-oriented, anti-theoretical philosophy called “The Hacker Way,” according to founder Mark Zuckerberg.
“The Hacker Way is an approach to building that involves continuous improvement and iteration,” Zuckerberg writes. “Hackers believe that something can always be better, and that nothing is ever complete. They just have to go fix it — often in the face of people who say it’s impossible or are content with the status quo.”
With Facebook’s just-released S-1 filing, we’re getting a better picture of how the company is competing in the mobile sphere. We already knew the company had more than 800 million registered members, and now we know it had more than 425 million monthly active mobile users in December 2011, a stunning accomplishment.
Facebook has been on a rocket ride to social network dominance. Now we know that it’s making some money from that ride.
Facebook CEO Mark Zuckerberg owns 28.2 percent of the company, according to Facebook’s just-released IPO S-1 filing with the Securities and Exchange Commission.
Facebook’s initial public offering is one of the most hyped technology events of the year, and the company is expected to debut on the stock market in May. Its stock ticker symbol will be “FB.” The company has not yet named a starting price has yet been named, but Facebook said in the filing that it expects to raise at least $5 billion in the IPO.
Shutterstock/De MangoOur creepy, socially-networked future.
When Facebook’s S-1 filing comes out (which could be as soon as tomorrow, if you believe the Wall Street Journal), we’ll see a lot of risks in it.
President Obama photo: Dave Brenner/Flickr
The Facebook IPO cometh.
Insurance software company Guidewire will begin trading publicly on the New York Stock Exchange (NYSE) tomorrow. It has raised $115 million in the initial public offering by selling 8.85 million shares at $13 apiece. That’s well above the 7.5 million shares at $10 to $12 that the company had planned.
Audience, a Silicon Valley-based company that counts Microsoft co-founder Paul Allen (pictured) as a backer, has filed for an initial public offering.
Editor's Pick SecondMarket's Mr. Silbert
Social media titan Facebook will likely hold its long-awaited initial public offering in the third week of May, according to a new report by All Things D.
Facebook is soon to have 14 percent of the world’s population all to itself. A new study says the social network will hit one billion users this year.
Editor's Pick As a leader in social media, advertising and online influence, it’s surprising that ultra-powerful startup Facebook has managed to remain a privately held company for so long.
The government questioned Groupon CEO Andrew Mason for his potentially market-conditioning statements, according to documents released by the SEC today.
Airplane Wi-Fi service provider Gogo has filled an initial public offering today that will raise an estimated $100 million for the company, according to SEC documents.
Following in the footsteps of Jive Software’s successful IPO, Workday, a company that provides cloud software for business operations, is said to be planning for its own public offering next year.
Guest Post From delayed IPOs to buyouts and layoffs, 2011 proved to be a volatile year for daily deals companies. In the past 12 months, the industry was defined and legitimized, but had just as many mistakes as successes.
Zynga’s initial public offering wasn’t as popular as the company hoped, with the stock closing at $9.50 a share, down 5 percent from its offering price of $10 a share.
Zynga’s stock price rose as high as 15 percent in early trading on Nasdaq as the company went public at $10 a share.
Female-focused media and advertising company Glam Media may soon file to go public.
Zynga is about to begin trading as a public company on Thursday, but the value of the company is up for debate, based on reports from some well-known Wall Street analysts and other financial experts.
Online game company Nexon saw its shares fall in its first day of trading on the Tokyo Stock Exchange following its $1.2 billion initial public offering.
It’s good to be a gamer, and not so bad to be a game publisher either.
Daily deals site LivingSocial has closed a monster $176 million round of financing, according to documents filed with the Securities and Exchange Commission today. VentureBeat has learned that the $176 million is the first tranche of $400 million the company hopes to raise over the next weeks and months to finance continued operations and expansion.
When credible reports about Zynga’s upcoming IPO filing started flying this July, expectations for the social gaming giant’s value were running $15 billion to $20 billion. Now, with Zynga detailing the offering ahead of trading set to start December 15th, the actual offering price could value the company from $5.9 billion to $6.99 billion, or $7.6 billion to $8.9 billion including employee stock options.