Facebook, the world's most popular social networking service, finally made its market debut, making it the largest company to go public in the U.S. The event is having ripple effects throughout the finance and technology worlds. It also leaves Facebook's 900-million-plus members wondering what's next for the
Facebook Inc. Chief Executive Officer Mark Zuckerberg, faced with a plummeting stock price and deluge of shares hitting the market, said he won’t start selling his holdings in the company for at least a year.
Facebook Inc. closed at a record low after Morgan Stanley, a lead underwriter of the company’s initial public offering, cut its price forecast on concern that the social network is struggling to reach mobile users with ads.
Peter Thiel’s decision to sell almost all of his stake in Facebook Inc. so soon after the company’s initial public offering has few precedents in Silicon Valley, where venture capitalists typically hold shares longer.
Facebook Inc. shares, which fell to a record low after insiders could sell stakes for the first time since the initial public offering, will face more pressure when another 1.44 billion shares are freed up through November.
Having Facebook fatigue? Hang in there, for at least one more day. To help you navigate the seemingly infinite amount of content out there, here are links to Bloomberg’s latest and greatest stories, blogs and multimedia.
“We are certainly not paying $2 billion for Facebook.” Those words were uttered on March 30, 2006 by the person who was then president of News Corp.’s Fox Interactive unit. His name: Ross Levinsohn. Yes, the same Ross Levinsohn who was named interim chief executive of Yahoo this week.
When GM, the third-largest advertiser in the U.S., said it would pull ads from Facebook, it sparked a discussion about the effectiveness of social media advertising. Here is what a handful of companies that manage brands on social media had to say.
Here’s today’s Facebook bankshot: If Sheryl Sandberg becomes a billionaire today, and has already said she in effect would like to save the world, will her next move be to Washington in a high position in the Obama administration.
Mark Zuckerberg has returned to writing code after a six-year hiatus from programming, a fact revealed in Bloomberg Businessweek’s story today on how the Facebook founder hacked the world of Silicon Valley.
Facebook may be one of the most anticipated IPOs, but not so with the investment public. More than 70 percent of those surveyed by WhisperNumber.com last week said they wouldn’t buy the social-networking site’s shares after its initial public offering.
Facebook plans to introduce an app store in the coming weeks that is customized for each of the social network’s 900-million-plus users, similar to how the site’s News Feed displays content according to a person’s closest friends.
Mark Zuckerberg is known for having arrived late for a meeting with prospective investor Sequoia Capital and giving a less-than-serious pitch while wearing pajamas. Now, as Facebook preps its initial public offering, Zuckerberg’s wardrobe has not received much of an upgrade.
Check out Facebook’s video presentation, showing what it will present to investors when executives go on the road ahead of an initial public offering. This is a pitch — the company shows plenty of smiling users — but it gives you an idea of how the company sees itself. Hear from Mark Zuckerberg and other Facebook execs. Sections include its mission (about a half hour long), finance and future.
May 3, 2012 (Tech Blog) — Facebook isn’t clear enough in telling its 150 million users in the U.S. how to protect personal information, according to 'Consumer Reports', which described the social network’s policies and controls as “labyrinthian.”