Mark Zuckerberg remains one of the 30 richest people on Earth after shares of Facebook Inc., the world’s most popular social networking company, hovered near the initial public offering price in its trading debut.
How do you sell the technology company you founded for $1.8 billion and five years later file for personal bankruptcy? For Halsey Minor, it may have been a fascination with houses, hotels, horses and art.
Regulators outnumber bankers at Frankfurt’s biggest finance conference this week, underlining their importance as the European Central Bank prepares to scrutinize the books of the euro area’s largest lenders.
Greylock Partners’ stake in Groupon Inc. lands it in an exclusive Silicon Valley Club. It’s one of two venture-capital firms whose partners own stakes in at least four of the top multibillion-dollar Web startups.
Late for a pickup basketball game without a taxi in sight, San Francisco resident Shobeir Shobeiri summoned a nearby driver with a few taps on his smartphone. Five minutes later, Shobeiri, 31, found himself in the back seat of a silver Scion sporting a furry pink mustache on its front bumper.
The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of International Monetary Fund stress tests.