Tvnewsroom.consilium.europa. Facebook Makes First Post-IPO Acquisition: Karma. Much ado about nothing. 567 million shares of Facebook changed hands today — that’s more than the total number of shares issued — at a volume-weighted average price of just over $40 per share.
To put it another way, the whopping move from the IPO price of $38.00 to the closing price of $38.23 came with more than $22 billion of trading activity, and undoubtedly left the underwriting banks with rather more Facebook stock on their books than they had been hoping for. But that’s what it means to be an underwriter. For anybody disappointed that they didn’t get their full initial allocation of stock, or who thinks that small retail investors can’t buy into IPOs at the same price that large institutional investors can, this is great news: Monday’s going to be a do-over, with everybody being able to buy Facebook stock at the IPO price.
Mark Zuckerberg's Magic Touch - Gianpiero Petriglieri. By Gianpiero Petriglieri | 10:17 AM May 18, 2012 Facebook’s shares open for trading today.
Chances are, you’re holding your breath or rolling your eyes. Whether you’re inspired or baffled about the company’s valuation and prospects, the occasion is hard to ignore. What we are witnessing, and participating in, is more than an IPO. It’s a collective rite. At a time when identities and communities are as fluid as ever, Zuckerberg grasped, before and better than anyone else, the craving for spaces where we can hold on to — or reinvent — ourselves in relation to others. The share of the world population attracted to Facebook, and the time we spend on it, has grown in parallel with the mystique surrounding its founder. When he showed up in a hoodie for a meeting with potential investors in New York City recently, Wall Street analysts and financial journalists turned into fashion critics and psychoanalysts for the day.
This is not a new phenomenon. WSJ Social sur Facebook. How Facebook Hacked The NASDAQ Button. Editor’s note: Some savvy Facebook engineers rigged the NASDAQ button to automatically post “Mark Zuckerberg has listed a company on NASDAQ – FB” to the CEO’s Timeline as he rung the bell to open the NASDAQ’s day of trading.
David Garcia, a senior software engineer at Facebook, explains how they turned the NASDAQ on to Open Graph. It was a normal Monday. Nothing out of the ordinary other than that Facebook was set to go public at the end of the week. Camera crews were beginning to appear and NASDAQ was coming to campus so we could ring the opening bell together. Other than that, it was like any other Monday. During lunch, some us started talking about how cool it would be if the second Mark rang the bell a story would post to his timeline to let his friends and subscribers know. I was so excited about this idea that when I got back to my desk, I posted on Facebook: “We should totally hack the button so it pushes an open graph action, “Mark Rang the NASDAQ bell”.
Facebook Acquires Social Commerce Startup Karma and It’s 16 Employees. Facebook has just acquired mobile commerce startup Karma, which makes apps for gifting friends and family.
The terms of the deal are undisclosed but 16 employees of the startup will be joining Facebook. The purchase will help Facebook build up monetization prowess on mobile platforms — an area it’s admittedly weak in.
Stakeholders. Facebook Sued for $15 Billion in Suit Over User Tracking. Facebook Inc.
(FB), the social network operator whose shares began trading yesterday, was sued for $15 billion in an amended complaint by subscribers who claim the company invaded their privacy by tracking their Internet use. In the complaint filed May 17 in federal court in San Jose, California, the plaintiffs say Facebook improperly tracked users even after they logged out. Twenty-one cases making similar claims have been consolidated before the court. The latest filing seeks to proceed on behalf of U.S. residents who subscribed to Facebook from May 2010 to September 2011. Facebook, which sold stock in an initial public offering valuing the company at about $104 billion, has been scrutinized by regulators in the U.S. and Europe over how it protects users’ private information.
From Pizza dough to Facebook IPO. Facebook's Mark Zuckerberg is a familiar face at Pinocchio’s Pizza in Harvard, so familiar there are now photos of him on the walls.
During a recent visit, owner Adam DiCenso says, he picked up the tab and left a big tip. Though, not quite a billion dollars. Advertisement How we moderate. Careers.