FACEBOOK IPO

  • Nasdaq to compensate firms on December 31 for botched Facebook IPO December 28, 2013

    New York: Nasdaq OMX Group will compensate firms on December 31 for qualifying claims related to Facebook's botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday. Nasdaq said previously it would pay up to $41.6 million in claims to market participants that lost...
  • Twitter learns from Facebook's IPO mistakes, makes different choices from its rival November 8, 2013

    New York: As Twitter Inc's chief financial officer planned the company's initial public offering this year, he had one overriding goal: to avoid becoming the next Facebook Inc. Twitter CFO Mike Gupta grilled banks about how to sidestep the problems that beset Facebook's IPO from start to finish, asking detailed...
  • Four lessons Twitter learns from Facebook's IPO mistakes September 14, 2013

    San Francisco: Twitter is so deeply ingrained in the cultural conversation that its initial public offering is likely to be a hot topic on its trend-setting service for the next few months. Its stock market debut is also likely to be the most scrutinized coming-out party since Facebook went public...
  • Facebook shares break $45 for first time since 2012 IPO September 12, 2013

    San Francisco: Shares of Facebook Inc rose more than 3 per cent to a new high Wednesday, valuing the world's No. 1 social network at $106 billion, as investors focused on its recent mobile advertising advances and the potential to expand ad revenue into new areas. The stock touched $45 at...
  • Facebook cofounder sells 450,000 shares August 23, 2012

    New York: Facebook cofounder Dustin Moskovitz shed 450,000 shares of Facebook in the past few days for proceeds of about $9 million a tiny chunk of his total stake. Moskovitz was Mark Zuckerberg's Harvard roommate when they founded Facebook in 2004. He disclosed in a regulatory filing on Tuesday that...
  • Facebook stock crash: Key highlights August 18, 2012

    Facebook Inc has had a rocky initial public offering of stock. There were trading glitches on its first day of trading and concerns since then about Facebook's revenue potential. Facebook also is facing dozens of lawsuits from disgruntled shareholders. On Friday, its stock fell 50 per cent below its IPO price...
  • Facebook insiders can sell stock as 'lockup' ends August 15, 2012

    Menlo Park: Facebook's early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a timehonoured process for public companies, which will culminate in the fall, when many Facebook employees receive the same right...
  • Facebook stock falls 15 pc following weak results July 27, 2012

    New York: Shares of Facebook fell about 15 per cent on Friday, a day after it reported loss in earnings for the three months ended June 2012. In the first hour of the trade the stock plunged by as much 14.99 per cent to a low of $22.77 on NASDAQ. On...
  • Life after Facebook's IPO June 22, 2012

    New York: It's been a month since Facebook's IPO fell flat and in that time, the market for initial public offerings has collapsed. No company has gone public since May 18, compared with 19 in the same period a year ago. Fourteen offerings have been withdrawn or delayed, according to Dealogic. There...
  • Facebook may blame Nasdaq for botched IPO June 15, 2012

    Bangalore: Facebook is set to file a motion to consolidate all the shareholder lawsuits against the social network site, and is expected to place some blame on the Nasdaq for its botched IPO when it files the motion, the New York Times reported Thursday. The document, which could be filed in...
  • Facebook ads don't sway most users: poll June 5, 2012

    San Francisco: Four out of five Facebook Inc users have never bought a product or service as a result of advertising or comments on the social network site, a Reuters/Ipsos poll shows, in the latest sign that much more needs to be done to turn its 900 million customer base...
  • Botched Facebook IPO set to benefit lawyers May 26, 2012

    Facebook Inc's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation. Court battles over the fizzled IPO could run for years, as the social networking company, the banks that took it public...
  • Citi unit lost $ 20 mn in Facebook IPO: Source May 26, 2012

    New York: Citigroup Inc's Automated Trading Desk had trading losses of about $20 million from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's US exchange, a source with knowledge of the situation said on Friday. The unit's losses were in addition to claims by market makers Knight Capital...
  • Facebook market makers' losses total $100 mn May 25, 2012

    New York: Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes...
  • Facebook IPO under scrutiny, was it overvalued? May 24, 2012

    Congressional committees are holding briefings, and a group of shareholders has filed suit against the social networking giant. ...
  • Facebook shares fall as valuation doubts rise May 22, 2012

    New York: Shares of Facebook fell again at the open on Tuesday as doubts about the company's valuation increased after Reuters reported that underwriters cut their revenue forecasts for the social networking site shortly before the IPO. Facebook's shares hit a low of $31.73, 7.4 percent below Monday's close, and are...
  • Facebook's IPO debut worsens, shares sink 11 pc May 22, 2012

    Facebook shares sank 11 per cent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so...
  • Facebook stock down on day two May 21, 2012

    New York: Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday. Investors and technology industry watchers are closely tracking the Menlo Park, Calif.based company's shares. The world's largest online social network was one of the most...
  • Nasdaq glitch confuses Facebook IPO investors May 19, 2012

    New York: Some investors who thought they had bought Facebook shares at the opening of trading were left without knowing for hours whether they had received the shares. The Securities and Exchange Commission is looking into the glitches in the trading of Facebook's initial public offering around the time of its...
  • Sudden wealth part of Silicon Valley's everyday May 19, 2012

    Menlo Park: In Silicon Valley, where sudden wealth is hardly something new and CEOs favour hoodies over bespoke blazers, Facebook's IPO on Friday didn't bring everyday life to a halt. Employees weren't popping champagne corks at company headquarters, at least not where anyone outside could see them. And locals had plenty...
  • Facebook IPO sees modest Nasdaq debut May 19, 2012

    Depite the hype, Facebook made a modest debut on Nasdaq, with the company's shares ending just above its initial offering price of 38 dollars. ...
  • Facebook IPO: Historic debut falls flat May 19, 2012

    San Francisco: The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's skyhigh valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares began trading late Friday morning and opened 11 per...
  • Facebook IPO features best and worst of capitalism May 19, 2012

    Facebook's initial public offering on Friday showcases the best and worst sides of capitalism. Execrable puffery accompanies the entrepreneurial achievement of transforming a dormroom project into a company worth over $100 billion in just eight years. Poor corporate governance, Silicon Valley cronyism, breathless pundits spewing misinformation, bankers in hoodies and...
  • Facebook's debut modest, volume causes problems May 19, 2012

    San Francisco: The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's skyhigh valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares, which opened up 11 per cent, closed at $38.23...
  • Facebook shares peak at $ 45, 200 million traded May 18, 2012

    New York: Facebook's trading volume is surging. It passed 150 million shares traded about 15 minutes after its debut on the Nasdaq and about 200 million shares were traded within the first half hour of trading. The stock which had a offering price of $38 has peaked to $45 at the...
  • Facebook IPO: 100 million shares in 4 minutes May 18, 2012

    New York: Facebook topped 100 million shares traded in the first four minutes after its debut on the Nasdaq. By comparison, Amazon.com has traded about 2.2 million shares today and Google about 2 million. Seven minutes after its first trade, the stock was hovering at about $40, a $2 gain over...
  • Mark Zuckerberg rings Nasdaq opening bell May 18, 2012

    Menlo Park: It's Facebook's big day. The site, which was born in a dorm room eight years ago and has grown into a worldwide network of almost a billion people, is making the most talkedabout stock market debut in years. Wearing his trademark hoodie and standing before a huge crowd in...
  • Facebook cofounder fires back at taxdodge critics May 18, 2012

    Washington: Facebook cofounder Eduardo Saverin, under fire over the tax consequences of renouncing his US citizenship, said on Thursday he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government." The social media entrepreneur and investor said in a statement, emailed to Reuters...
  • Investors brace for Facebook debut on Wall Street May 18, 2012

    New York: Investors are bracing for Facebook's Wall Street debut on Friday after the world's No.1 online social network raised about $16 billion in one of the biggest initial public offerings in US history. Valued at $104 billion, Facebook is larger than Starbucks Corp and HewlettPackard combined, sparking intense speculation on...