Tuesday, June 5, 2012

Facebook ipo

  • SAN FRANCISCO, June 5 (Reuters) - In the aftermath of the Facebook IPO, investor outrage - and lawsuits - have focused on whisper estimates of future results that underwriters shared only with some clients.
  • (Reuters)
  • NEW YORK – On the eve of Facebooks highly touted initial public offering two weeks ago, Murli Gupta, a math professor at George Washington University, snared 50 shares of the social networkers stock from E-Trade at the $38 offering price.
  • (USA Today)
  • Facebook Inc. (FB) shares extended their decline today following a Reuters/Ipsos poll that showed sagging interest in the site and a minority of users being influenced by ads and comments when making purchasing decisions. The stock fell 3.
  • (Bloomberg)
  • Two of techs most prominent early-stage investors look at the Facebook IPO in two different ways.
  • (The Business Insider)
  • Facebook's post-IPO slide has sparked a lot of discussion on how the social networking company should be valued.
  • (Forbes)
  • Suing Mark Zuckerberg is turning into a national pastime.
  • (Huffington Post)
  • Facebook defied expectations of a boffo IPO. But does its disastrous outcome spell doom for startups seeking funding? Not at all. Facebook stock has lost 25% of its value since it went public May 18 at $38 a share.
  • (msnbc.com)
  • Facebook is the Titanic. Perhaps the most embarrassing initial public offering (IPO) in history. Certainly it was the biggest bust in modern history - based on the highest expectations ever.
  • (Washington Times)
  • Shortly before the IPO, several analysts lowered financial targets on the company after Facebook cautioned about its revenue growth due to the rapid shift by users to mobile devices.
  • (Reuters)
  • Facebook founder Mark Zuckerberg knew company shares were overpriced before the May initial public offering and quietly dumped around $1 billion in shares, the TMZ website reports.
  • (Moneynews (blog))

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