Facebook Shares

  • Mark Zuckerberg to sell about $2.3 billion worth of Facebook shares December 20, 2013

    Bangalore: Facebook founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares. Facebook shares, which have doubled in value this year, were down 4 per cent...
  • Facebook introduces new Like and Share buttons November 7, 2013

    New Delhi: Restyling its Like button that was introduced in 2010, Facebook announced the introduction of a new design for both Like and Share buttons. Facebook says to have seen a favourable increase in Likes and Shares with the new design and will be rolling these buttons out to everyone...
  • Facebook closes above $40 for 1st time August 25, 2013

    New York: Facebook's stock closed above $40 for the first time Friday. The social network's shares have gained 53 per cent since July 24, when it reported strong growth in mobile ad revenue and a solid profit during its second quarter. Facebook announced a technology partnership Wednesday that aims to expand...
  • Facebook surfing pays off for some investors August 9, 2013

    Boston: Nabil Elsheshai jokes about wasting time on Facebook, but his surfing has paid off. A senior equity analyst for Thrivent Financial in Minneapolis, Elsheshai had advised his firm not to buy Facebook's initial public offering last year at $38 per share due to concerns that it was overpriced. But Elsheshai, 44,...
  • US: Man pleads guilty in $ 13 mn Facebook share case June 26, 2013

    New York: An investment adviser has pleaded guilty in a $ 13 million securities fraud scheme that prosecutors say capitalized on enthusiasm for Facebook shares. Craig L Berkman entered the plea on Tuesday to securities fraud and wire fraud in federal court in Manhattan. The 71-year-old Berkman was a one-time Oregon...
  • Twitter updates Vine for Android app, adds Facebook sharing, hashtags June 22, 2013

    New Delhi: Close on the heels of the introduction of video for the photo sharing application Instagram, Twitter updated its video sharing Android app and added new features including Facebook sharing and searches for hashtags and users. Vine now lets users search for posts by way of hashtags or mentions of...
  • What will Facebook unveil at its mystery event? January 15, 2013

    San Francisco: Facebook's stock opened on Monday above $32 for the first time since July as anticipation about upcoming products and financial results underscored Wall Street's renewed confidence in the online social network. Facebook will on Tuesday host its first major press event at its headquarters in Menlo Park, California,...
  • Facebook shares jump to 4-month high to over 8 per cent November 27, 2012

    Houston: Shares of social networking giant Facebook jumped by more than 8 per cent to close at nearly $26 per share on Monday - the highest price the stock has seen since the summer - on news of multiple analyst upgrades. Facebook shares rose $1.94 to close at $25.94 per...
  • Facebook director Thiel sold 20 mn shares August 21, 2012

    San Francisco: Facebook Inc director Peter Thiel sold roughly $400 million worth of shares in the Internet social networking company last week, cashing out most of his stake, according to a regulatory filing. Thiel sold his shares on Thursday and Friday at average prices ranging between $19.27 and $20.69 per share...
  • Facebook insiders can sell stock as 'lock-up' 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 time-honoured process for public companies, which will culminate in the fall, when many Facebook employees receive the same right...
  • Facebook, banks sued over pre-IPO analyst calls May 23, 2012

    New York: Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering. The defendants, who also include Facebook Chief Executive Officer Mark Zuckerberg, were accused of concealing from investors...