Facebook goes public, FB shares open at $42.05
The wait is finally over. After years of anticipation and weeks of headlines, the world's largest social network is a publicly-traded company.
FB shares, which priced at $38 yesterday, became available to the general public in the past hour on the NASDAQ.
After a delay, the stock hit the market at a opening price of $42.05. It is currently trading at around $40.
Yahoo's ten biggest mistakes
The resignation/termination of now-formerly new Yahoo CEO Scott Thompson amid a resume scandal was an embarrassing moment for the once-great internet giant.
For most companies, such a collosal blunder would represent a faux pas of the highest order, but that's not the case for Yahoo, it's just one more in a long line of mistakes.
Here are the ten biggest mistakes the company has made...
Facebook's vulnerability could make it the most interesting IPO ever
In what may be the most anticipated IPO ever, Facebook, will go public this Friday.
Mark Zuckerberg, the hoodie-wearing 28 year-old CEO of the world's largest social network won't be in New York to ring the NASDAQ opening bell.
Instead, he'll be at his company's Menlo Park headquarters ringing it in virtually.
Facebook sets IPO price range
We're just weeks away from the Facebook IPO, and today, the company filed an amended S-1 detailing the price it will seek for its shares.
According to that S-1, Facebook plans to sell some 337m shares at a price between $28 and $35. In this price range, the company will be valued at somewhere between roughly $75bn to $95bn.
Facebook: the social (engineering) network?
Facebook is the world's largest social network and arguably it knows more about many individuals than any other organization.
The data it collects from the hundreds of millions of users it serves has enabled Facebook to build a billion-dollar advertising business, and serves as justification for Facebook's valuation, which may top $100bn when the company finally makes its public debut.
Is Viddy Facebook's next big acquisition?
We have learned a lot about Facebook's $1bn acquisition of photo sharing service Instagram in the two weeks following the deal.
From details of the negotiations to the motivations that drove both parties to deal, a clearer picture has emerged about Facebook's largest purchase to date.
The real reason investors are backing adolescent CEOs
When you think of Silicon Valley, you're probably more likely to think of young entrepreneurs risking it all on ideas that can change the world.
That image of a Silicon Valley driven by young, ambitious individuals is, of course, only partly true. There's plenty of gray hair in Silicon Valley, particularly on Sand Hill Road and in the hallways of some of the Valley's most profitable companies, like Oracle, Cisco and HP.
Facebook finally files for IPO
The wait is over. Last night Facebook filed its much-anticipated S-1 paving the way for an IPO which could happen in as little as a few weeks.
The company, which was founded in a Harvard dorm room in 2004, is looking to raise $5bn - though there is still the possibility that it could raise as much as $10bn if it sees strong demand.
Facebook: handle your business, or it will handle you
Last week, Facebook was caught red handed using a prominent PR firm to engage in a smear campaign against Google.
Burson-Marsteller, which is owned by WPP, was retained by Facebook in an effort to call attention to a number of privacy-related issues with Google.
The cult of the entrepreneur and 'entrepreneuritis'
If you've been paying attention to the massive valuations being given to companies like Facebook and Twitter through secondary markets and the easy money that's being lavished on new startups in Silicon Valley these days, you're not surprised at the latest generation of entrepreneurs seeking to become the next Mark Zuckerbergs.
Bubble or not, good times are here again for the time being, and this time around, the good times have built up a new phenomenon: the Cult of the Entrepreneur.
