Nasdaq Tries To Make Amends For Facebook IPO Problems
The Nasdaq stock exchange tried to make amends with investors ensnared by technical problems on the day Facebook went public.
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The Nasdaq stock exchange tried to make amends with investors ensnared by technical problems on the day Facebook went public.
The stock fell $1.03, or 3.8 percent, to close Tuesday at $25.87. It's 32 percent below its initial public offering price of $38. It's the stock's lowest closing price to date. Earlier Tuesday, it went as low as $25.75.
Facebook is testing the waters to allow children under 13 on the popular social networking site, but some child advocates are calling the idea crazy.
Shares of Facebook Inc. slid 82 cents to close at $26.90, after briefly trading as low as $26.44. The previous low for the closing price was $27.72, on Friday.
GLAAD likes Facebook. The Menlo Park-based social networking site won the Special Recognition Award at the GLAAD Media Awards...
This is the second time Facebook Inc. is letting users vote on policy changes. The first time was in 2009 when Facebook was a much smaller, privately held company with about 200 million users.
Facebook's stock jumped $1.41, or 5 percent, to close Thursday at $29.60. The stock is still down 22 percent since its highly anticipated initial public offering two weeks ago.
After a brief reprieve in morning trading, Facebook's stock once again closed lower on Wednesday, nearly $10 below its initial public offering price.
City officials in Menlo Park gave Facebook a unanimous 'like' in approving the social media giant's plan to expand its headquarters to employ thousands more people less than two weeks after going public.
Facebook's stock was taking a beating on the Nasdaq exchange Tuesday, falling below $30 for the first time since its initial public offering.
Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
A group of shareholders have filed a lawsuit against Facebook, its executives and Morgan Stanley, the lead underwriter of the social networking firm's initial public offering last week.
Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.
Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
After the social network's stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied.
Barely 24 hours after his IPO, 28-year-old Facebook founder and CEO Mark Zukerberg married longtime girlfriend, 27-year-old Priscilla Chan.
Facebook stock rose more than 10 percent in the world's biggest online social network's debut as a publicly-traded company before retreating back to break-even levels.
Facebook has priced its initial public offering of stock at $38 per share. That's the high end of its expected range of $34 to $38.
When Facebook goes public on Friday, a company that caters to the smallest of retail investors expects to take a lot of orders from customers who want to buy just a single share.
Facebook is making it known that they are in the business of renting streaming movies with a promotional showing of the classic Warner Brothers film, Casablanca.
Now, even as investors take a stake in Facebook, its future remains contingent on a leader who is reluctant to reveal himself.
Aaron Sorkin is going from Facebook to Apple. Sony Pictures officials say the Oscar-winning writer will write a screenplay based on the Steve Jobs biography...
Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.
Facebook has raised its IPO price, which could mean more money coming in from tax receipts to the state.
The Wall Street Journal reports that Apple may announce upgrades to its cloud-storage service at their worldwide developer conference next month. KCBS' Technology Analyst expects improvements for both photo and video sharing.
