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.

American Idol Finale 2012: Phillip Phillips vs Jessica Sanchez Will All Be ‘About the Songs’

Friday, May 18th, 2012 | Celebrity, ENTERTAINMENT, Music, Television with No Comments »
Jessica Sanchez

American Idol 2012 Finalist
Jessica Sanchez

Image Credit: Facebook

The American Idol Season 11 finale results on May 23, 2012 will set a record for the show. Next week’s American Idol finals will pit Jessica Sanchez against Phillip Phillips.

If Sanchez wins the 2012 American Idol finale, she will become the youngest and first female winner since Jordin Sparks beat Blake Lewis in Season 6.

A win by Phillips will make him American Idol’s fifth guitar-playing male contestant winner.

Sanchez, a Filipino-Mexican-American singer, was almost eliminated from the show during the American Idol Top 7. The judges’ save led to an overwhelming support by the viewers during the next stages of the contest.

With TV critics on Phillips side, record producer and mentor Jimmy Iovine has given his piece of advice for Sanchez. According to Iovine, “It’s about the songs.”

Who are you voting for? Let us know by giving your comment below this post.

American Idol 2012 Top 2 Finalists: Jessica Sanchez, Phillip Phillips to Compete in Grand Finale (Video)

Friday, May 18th, 2012 | ENTERTAINMENT, Music, Television with No Comments »

UPDATE: Phillip Phillips is American Idol Season 11 winner. Click here for more details.

Joshua Ledet

American Idol 2012: Joshua Ledet eliminated
Image Credit: Fox

The Grand Finale of the American Idol 2012 is set on Wednesday, May 23, 2012. American Idol Season 11 Finalists Jessica Sanchez and Phillip Phillips will be making their American Idol final performance on Tuesday, May 22 after Joshua Ledet was eliminated Thursday, May 17.

During Wednesday’s American Idol 2012 elimination, the Top 3 finalists sang three songs each. Joshua was given a standing ovation after he sang “I’d Rather Go Blind” by Etta James in Round 1.

On Thursday, American Idol finalists Phillip, Jessica, and Joshua sang The Beatles song “Got To Get You Into My Life”.

Below is an AOL video of the announcement of the 2012 American Idol Top 2 finalists.

Watch American Idol on Wednesdays and Thursdays at 8 p.m. ET on Fox.

Pacers vs Heat: Indiana Wins vs Miami, Game 3 of NBA Eastern Conference Semis

Friday, May 18th, 2012 | Basketball, SPORTS with No Comments »
Indiana Pacers

Indiana Pacers
Image Credit: NBA.com

The Indiana Pacers rout the Miami Heat, 94-75, in Game 3 of the National Basketball Association (NBA) Eastern Conference Semifinals on Thursday, May 17, 2012 at the Bankers Life Fieldhouse, Indianapolis, IN.

Roy Hibbert scored 19 points and pulled down 18 rebounds for the Pacers. George Hill had 20 points and Danny Granger 17 points for Indiana.

Pacer’s defense held Dwyane Wade to just five points as Indiana take a 2-1 series lead in the best-of-seven series. Wade missed his first five field-goal attempts and made two turnovers.

Game 4 of the NBA Eastern Conference semifinals between the Miami Heat and Indiana Pacers is scheduled on Sunday at the Bankers Life Fieldhouse.

LeBron James led the Heat with 22 points and Mario Chalmers added 25 for Miami.

Indiana outscored Miami 51-32 in the second half.

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.

| AlxJM.com