Ali Rowghani got a voice mail on his mobile phone from Steve Jobs on a Saturday in early 2010. The Apple Inc. co-founder wanted to keep Rowghani, then chief financial officer at Walt Disney Co.’s Pixar, from leaving to become finance chief at Twitter Inc.
Groupon Inc.’s latest restatement, following accounting missteps last year, heightens concern about the reliability of the company’s financial reporting and raises questions whether auditors gave enough oversight to the coupon provider’s novel business model.
Trulia Inc., an Internet startup focused on residential real estate, hired JPMorgan Chase & Co. and Deutsche Bank AG to manage its initial public offering, according to two people with knowledge of the matter.
Zynga Inc. plans to sell a small number of shares in its initial public offering, adopting a strategy used by LinkedIn Corp. to maintain control of the company while raising money to expand, according to a person with direct knowledge of the matter.
Facebook Inc.’s stock plunge has robbed Goldman Sachs Group Inc. and Microsoft Corp. of much of the potential gain they could unlock as soon as this week, when a ban on sales of insiders’ shares begins to lift.
Facebook Inc. is considering raising about $10 billion in an initial public offering that would value the world’s largest social-networking site at more than $100 billion, a person with knowledge of the matter said.