New Delhi: CPI(M) leader Sushanto Ghosh is set to walk free from Alipore Central jail in Kolkata on Tuesday. He was jailed in August last year after 7 skeletons were recovered from near his ancestral house in West Midnapore. The Supreme Court granted him interim bail last week. Ghosh has been in custody since August 11 last year after his arrest by the state CID for his alleged complicity in...
02:18 PM, Feb 07, 2012
London: Facebook, the social network giant, is set to begin showing advertisements to users on mobile devices before its $5 billion initial public offering, the Financial Times reported on Monday. Facebook has already discussed proposals with unidentified advertising agencies for displaying what it calls "featured stories" in the news feed seen by users on the site in an effort to tap a new source of revenue, the newspaper cited several...
09:26 AM, Feb 06, 2012
New York: The first thing the 1,000 or so new post-IPO Facebook millionaire employees might need: a reality check. Financial advisers who cater to entrepreneurs and others who find themselves trading Chinese takeout for caviar say new millionaires rarely think rationally early on. "It will probably take three to five years to absorb the full impact," said Susan Bradley, founder of the Sudden Money Institute, a Florida-based organization that coaches...
11:53 AM, Feb 03, 2012
Los Angeles: Facebook's long-awaited IPO filing lifted the stocks of many Internet companies, including recent laggards Zynga and Groupon. But analysts said the halo effect may fade, because some companies basking in Facebook's glow just aren't as financially sound as the world's largest social network. Zynga Inc. was getting the best ride on Facebook's coattails Thursday. Its stock jumped nearly 17 per cent to close at $12.39 - a new...
11:49 AM, Feb 03, 2012
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11:58 PM, Feb 02, 2012
Washington: Social networking giant Facebook, which plans to raise $ five billion through an IPO, has said India is a key source for its future growth and its user base in the country has more than doubled in the past one year. The growth of 132 per cent in India has been higher than many other countries, including the home market of the US. It has also acknowledges that Facebook...
07:07 PM, Feb 02, 2012
San Francisco: Facebook is baring its business soul. The unveiling came late Wednesday when the company that depends on people to share their lives online filed its plans to raise $5 billion in an initial public offering of stock. It's a revelatory moment that prospective investors, curious competitors and nosy reporters have been awaiting for two years. During that time, Facebook established itself as a communications hub and emerged as...
03:53 PM, Feb 02, 2012
San Francisco: Facebook unveiled what is expected to be Silicon Valley's largest ever initial public offering, but made it clear to outside investors that they will have little voice in its running, as founder and CEO Mark Zuckerberg will continue to exercise almost complete control. The Harvard dropout, who launched what would become the social networking phenomenon out of his dorm room, will own 56.9 per cent of the voting...
11:53 AM, Feb 02, 2012
Some key developments in the eight years since Facebook's creation: February 2004: Mark Zuckerberg starts Facebook as a sophomore at Harvard University. March 2004: Facebook begins expansion to other colleges and universities. June 2004: Facebook moves headquarters to Palo Alto, California. September 2004: Facebook introduces the Wall, which allows people to write personal musings and other tidbits on profile pages. Lawsuit filed against Facebook claiming that Zuckerberg stole the idea...
11:39 AM, Feb 02, 2012
San Francisco: Investors jumped on Facebook's regulatory filings on Wednesday for a glimpse into the company's inner workings ahead of one of the hottest initial public offerings in recent history. But there are also potential downsides. Here are a few key issues Facebook outlined as risk factors in its IPO prospectus: ** Facebook usage plateaus: Despite mind-boggling growth in recent years, the number of Internet users in the world is,...
10:27 AM, Feb 02, 2012
New York: After a long wait and much speculation, Facebook filed for its IPO on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley's biggest-ever IPO. Trading in Facebook shares won't begin for at least a few months more. The world's largest social network, a dorm room project for Harvard dropout Mark Zuckerberg that exploded in popularity and vaulted...
06:21 AM, Feb 02, 2012
New York: In what's expected to be one of the biggest US market debuts in history, social networking site Facebook is likely to file initial paperwork with the regulators for a massive $5 billion initial public offering of IPO on Wednesday. Sources say Facebook has picked Morgan Stanely and four other book runners to handle the IPO. Regular investors and IPO watchers are anticipating some kind of twist " perhaps...
09:32 AM, Feb 01, 2012
Los Angeles: When Facebook makes its long-expected debut as a public company this spring, the social-networking company will likely vault into the ranks of the largest public companies in the world, alongside McDonald's, Amazon.com and Bank of America. The Wall Street Journal reported Friday that Facebook is preparing to file initial paperwork for an offering that could raise as much as $10 billion and value the company at $75 billion...
01:11 PM, Jan 28, 2012
San Francisco: Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday. Morgan Stanley is a strong front-runner to be the lead underwriter on what would be one of the largest initial public offerings in US history, the Journal cited...
10:05 AM, Jan 28, 2012
Mumbai: Fifth standard students engaged in studies - no big deal. However, they are not studying on text books but on swanky apple iPads and this is not a concept classroom. At a universal school in Mumbai every student has an iPod and an iPad most of their teaching is done on iPad applications. They don't even have a computer class but all students have recently been given Macbook airs....
07:21 AM, Jan 21, 2012
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