Wall Street

Facebook beats Wall Street’s lowered expectations

Facebook has facilitated billions of ‘likes’, but getting Wall Street to like the business of running the world’s largest social network has been difficult.

The company’s disastrous IPO sent investors fleeing and Facebook’s stock is still well off its debut price.

But with a laser-like focus on monetization, Mark Zuckerberg and company gave Wall Street reason to rethink Facebook’s prospects after delivering better-than-expected third quarter results yesterday.

Wall Street marketers take responsibility for poor reputation

Communications and marketing executives at 150 US-based financial firms have admitted that the responsibility for poor reputation lies with them, according to the 2012 Makovsky Wall Street Reputation Study.

96% of the group said that they invite negative public perception by their actions or inactions, while negative public perception topped the list of challenges these firms must overcome in the next year.

Five reasons Wall Street is cold to tech IPOs

We may be in a bubble, but you wouldn’t necessarily know it considering the latest generation of internet IPOs.

Groupon’s stock is trading below its first day closing price, Zynga’s stock closed below its issue price when it debuted last week and the market didn’t seem too excited about the spin-off of TripAdvisor from Expedia.

So what gives? If everyone knows that the internet is the real deal, why aren’t these new issues selling like hotcakes? Here are five reasons.