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.

The Social Network Official Movie Trailer and Video

Monday, October 4th, 2010 | Video with No Comments »
Are you looking for the trailer of The Social Network? Watch the videos related to The Social Network the movie below this site. The Social Network is a movie that shows the life of one of the most successful drop-out in the world.

Filipinos and the Hongkong people after the hostage taking | Jacky Chan’s Tweet

Wednesday, August 25th, 2010 | MISCELLANEOUS with 3 Comments

A lot of people around the world, not only the Hongkong people or the Chinese, got angry with the hostage taking that took place last Monday, August 23, 2010 at the Quirino Grandstand, Manila.  This is definitely a natural reaction coming from almost everybody.  Social networking sites like Facebook, Twitter and other blog sites are filled with articles and comments related to the hostage taking.

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