Readers of this blog might be aware of the unusual Firsthand Technology Value Fund (SVVC), which soared in sympathy with Facebook (FB) last year, only to crash in price after the botched IPO. Firsthand’s specialty is owning pre-IPO tech stocks (It owned a slug of Facebook’s). This year, its price is up by about 7%. But at $18.70, the shares are trading [...]
This week, the price of Bitcoin hit an all-time high of $266 and then a “flash crash” brought the price tumbling down to $105. What happened? The largest exchange Mt. Gox reported that it had seen dramatic increases in new …
(Reuters) - Nasdaq OMX Group Inc said it slashed the 2012 annual bonus of Chief Executive Robert Greifeld by $542,100 over the botched handling of Facebook Inc's initial public offering last year.
A claim relating to Facebook's botched IPO might be helping things.
Only 11 months after GM very publicly announced that it was pulling its $10 million ad budget off of Facebook — practically on the eve of Facebook's IPO — the car company is back on the social media site. Last May, a GM source told the WSJ that paid ads had little impact when it came to customers buying cars. Show More Summary
General Motors, whose decision to pull advertising from Facebook days before that company's IPO last year, has returned to Facebook with a test program for its Chevrolet Sonic.
"Chevrolet is testing a number of mobile advertising solutions, including Facebook," Chris Perry, VP for U.S. Show More Summary
NEW YORK (Reuters) - Citigroup has filed a claim with Nasdaq OMX Group to potentially receive compensation for losses associated with Facebook Inc's glitch-ridden market debut last May, according to two people with knowledge of the situation.
Right after its IPO, Facebook Inc (NASDAQ:FB)‘s founder Mark Zuckerberg, was quick to point out that he views that Facebook is a mobile company. However, at that time, Facebook Inc (NASDAQ:FB) didn’t generate meaningful amounts of revenue from mobile. Fast forward a few quarters, and Facebook is set to earn billions from mobile ads, and [...]
After having an IPO price of $42.00 per share, the share price of Facebook Inc (NASDAQ:FB) continued to fall for months until it bottomed at $17.55. Once the share price found the bottom, it rallied all the way up to $32.46 even though it started to fall again. Two and half months after reaching peak, [...]
Facebook founder Mark Zuckerberg's foray into politics has gone about as smoothly as his company's IPO. His advocacy group, which seeks the passage of immigration legislation, stumbled out of the gates by falsely claiming Bill Gates was on its board. Show More Summary
Facebook Inc (NASDAQ:FB) was the most anticipated IPO stock of 2012, pricing at $38 per share, above expectations. The first day of trading was marred with technical glitches, and underwriters wound up having to buy shares throughout the day to support the IPO price. It immediately began dropping due to worries about their ability to [...]
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From Pandora to Groupon to Facebook and more, last year at this time it seemed many investors were either regretting their recent buy-ins or getting ready to jump on the next big bandwagon. The Motley Fool demonstrated its own take on the matter a year ago today.
Last spring was marked by a flurry of high-profile IPOs, which have turned into wild rides for many early investors over the past year. Facebook, Zynga, and Groupon all garnered unprecedented levels of hype surrounding their initial public offerings, and eager investors clamored to get in on the action. Show More Summary
Since Facebook’s IPO, Marc Andreessen has maintained that the public market’s treatment of tech companies is dismal. “Depression” and “undervalued” are two other words he’s used. To be sure, the last year has not been kind to the share prices of the country’s (once) hottest consumer Internet companies. Prior to their IPO’s, Groupon, Zynga, Pandora, and Facebook were...
"In this world, nothing can be said to be certain except Facebook and taxes."
NEW YORK (Reuters) - Nasdaq OMX Group said on Wednesday it filed with the U.S. Securities and Exchange Commission to extend the deadline for firms to apply for compensation relating to Facebook Inc's problematic IPO to April 8 from March 29.
Nasdaq OMX Group to pay up for technical problems that caused trading glitches.
The Securities and Exchange Commission has given Nasdaq OMX Group approval to repay investment firms a total of $62 million for technical problems associated with the Facebook initial public offering this past May. Facebook was one of...Show More Summary
Now we dip the parsley in the salt water to symbolize the bitter tears of those suckered by the Facebook IPO –From Jacob Harris via Twitter