Browsing Category: "Social Network"

Facebook IPO 2012: FB Stock Price per share opens at $42

Saturday, May 19th, 2012 | BUSINESS, NEWS, Social Network, TECHNOLOGY with No Comments »
Facebook IPO 2012 Opened by Mark Zuckerberg

Facebook IPO opened by Mark Zuckerberg
Image Credit: Zef Nikolla/Facebook via Bloomberg

Facebook IPO opened on Friday, May 18, 2012 with Mark Zuckerberg remotely ringing the NASDAQ bell to start Friday’s trading in New York.

During its initial trading late in the morning, Facebook stock price was pegged at $42 per share. The price of FB stocks rose to as much as $45 per share before settling down at about $41 at 12:45 p.m. New York time.

Zuckerberg, Facebook’s chief executive officer, reportedly sold 30.2 million shares of the Menlo Park, California-based social networking company for $1.15 billion at the IPO. Reports say that most of the proceeds will be used to pay taxes associated with exercising 60 million stock options. Zuckerberg now owns 503.6 million shares of Facebook.

Facebook IPO: Facebook Stock will cost $38 per share

Friday, May 18th, 2012 | BUSINESS, NEWS, Social Network, TECHNOLOGY, World with No Comments »
Facebook logo

Facebook logo
Image Credit: Facebook

Facebook IPO on Friday, May 18, 2012 will offer Facebook stock at $38 per share to its clients.

The Facebook IPO will raise $16 billion for the social networking giant and will be the largest technology IPO ever.

A Thomson Reuters rankings indicates that Friday’s Facebook IPO will be the third largest IPO in the US, next to the $19.7 billion Visa IPO (V, Fortune 500) in March 2008 and the $18.1 billion of General Motors (GM, Fortune 500) in November 2010.

There are still a few more steps before Facebook’s shares are ready to trade. The company is waiting for the Securities and Exchange Commission to declare its IPO effective — the formal green light Facebook and its underwriters need before they can sell shares to outside buyers.

The $38 IPO price is the rate at which Facebook’s underwriters (including lead banker Morgan Stanley) will sell shares to their clients, which typically include large institutional investors, mutual funds and hedge funds.

Shares will be released Thursday night to those buyers, who can resell them on the open market beginning on Friday.

Some shares were made available to individual investors, but getting them typically requires either a lot of money or a lot of trading experience. It also required moving fast. Many brokerages offering pieces of Facebook’s IPO allotment “closed their books” on Tuesday, meaning they stopped taking orders.

New Facebook changes by CEO Mark Zuckerberg on F8

Friday, September 23rd, 2011 | NEWS, Social Network, TECHNOLOGY with No Comments »
Facebook News by Mark Zuckerberg

Facebook News by Mark Zuckerberg
Image Credit: Tecca

Facebook news and updates were presented by Facebook CEO Mark Zuckerberg during a keynote address at the Facebook‘s 2011 F8 Developers conference.

The social giant top honcho revealed what many tech news sites describe as an ambitious future. Obviously, Facebook wanted to stay with almost all websites with through its Like button.

Facebook still holds the distinction of being the world’s biggest social network with 800 million users.

Below are some of Facebook‘s recent updates.

  1. Timelines – Facebook tries to return to a static profile page without sacrificing the real-time update that keeps a social site fresh and relevant. Timeline allows users to curate your Facebook profile page with the events, photos, and updates that matter.
  2. Ticker – It provides the most recent news from friends.
  3. Apps – Facebook has provided emphasis on its over 350 million users’ mobile experience by optimizing the social network with a lot of quality apps.
  4. Social news and entertainment – Facebook enables its users to know what their friends read across Yahoo! News and what friends listen on Spotify and soon, streaming video site Hulu.
  5. Privacy – Facebook tries to let its users think that authorizing apps is a positive part of the app.

After Twitter, Facebook blocked due to Egypt protests?

Thursday, January 27th, 2011 | Internet, NEWS, Social Network, World with 1 Comment

A day after Twitter was blocked by the Egyptian government, Facebook is reportedly inaccessible on Wednesday, January 26, 2011. Twitter has confirmed on Tuesday, Jan 25, that its site was blocked by authorities due to anti-government unrest in Egypt, where thousands of demonstrators are protesting against Egyptian President Hosni Mubarak.

Facebook

Two reports from Herdict.org, a project of the Berkman Center for Internet & Society at Harvard University, showed that www.facebook.com was not accessible in Egypt.

However, there was still no confirmation if indeed Facebook was blocked by Egyptian authorities. The move to block Twitter was made to control protesters from using social networking sites in their campaign against President Mubarak.

Thousands of demonstrators are seeking the ouster of President Mubarak.

Is Facebook Shutting Down on March 15, 2011?

Sunday, January 9th, 2011 | NEWS, Social Network, TECHNOLOGY, World with No Comments »
Facebook

Is Facebook shutting down? This rumor went viral that the worlds most famous social networking site, Facebook, is closing down on March 15, 2011. The Facebook closure issue spread like wild fire on social networking sites.

The Facebook issue that it will end its service in mid-March has been trending in Google Trends and Twitter. The issue persists that Facebook will be closing down completely and will not be undergoing maintenance.

Others are asking if the Facebook close down issue has any relation to the Yahoo announcement last month that it will be closing down its “Yahoo Video” on the same date, March 15, 2011. According to Yahoo, videos can still be viewed until March 14, 2011.

No one can confirm if the opinion article published on CNN that says that the recent Goldman Sachs investment was the “beginning of the end” for Facebook, has anything to do with the rumor that circulated. The CNN article went viral with more than 5,000 Facebook ‘Likes.’

According to experts, a site like Facebook, with more than 500 million users and a $500 millon investment from Goldman Sachs will not be shutting down that easily.

Social Network | AlxJM.com