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Facebook's Mark Zuckerberg marries sweetheart
Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday.
Will Facebook Reduce Taxes By Going International?
Facebook co-founder Eduardo Saverin has been the target of public wrath after announcing he would be renouncing his U.S. citizenship and moving to Singapore, a haven where capital gains aren't taxed one bit. Will Facebook follow in his footsteps by funneling money through international subsidiaries to maneuver around the American tax code?
As Facebook millionaires party, what future for new shareholders?
Speculators hoping for a big “buy, sell” cash out from the Facebook IPO were mostly disappointed Friday as Wall Street agreed that the $38 per share asking price set by the social network’s founder, Mark Zuckerberg, was just about right for the launch of the 8-year-old company’s publicly-owned entity.
'Lawless' gets buzz: Twitter highlights from Cannes
John Hillcoat's Lawless is "Gripping stunning an absolute MUST SEE," say Twitter users after Cannes screening. Reactions to this prohibition-era tale can be found below in this latest article from Relaxnews examining social media reaction to the Cannes Film Festival.
On Facebook IPO Day, Twitter Sentiment Correlated With Share Price
Twitter users who participated in a crowdsourced prediction for Facebook's IPO day closing price collectively missed the mark, but another analysis suggests that changes in Twitter sentiment accurately predicted how Facebook's share price turned throughout the day.
Messy Facebook debut marks weak day on Wall Street
U.S. stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social networking giant, were volatile in the busiest day ever for a trading debut. After early gains of more than 10 percent, Facebook shares fell back to the $38 issue price, ending up just 0.6 percent at $38.23. It was the Nasdaq's most actively traded stock, with more than 566 million shares traded. ...
Major league teams working on social media message
Bridget Houlihan rifled through her gift bag and pulled out a gray T-shirt with a circular Chicago Cubs emblem on the front and FOLLOWER emblazoned across the back, resting on a row of logos from the top social media websites. "This is awesome," she said.
Facebook stock finishes flat in debut
In the hours before Facebook's stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company's 3,500 employees not to get caught up in the hoopla surrounding its long-awaited initial public offering.
After flat debut Facebook awaits market verdict
Facebook stumbled on its first trading day as shares ended barely above the starting price, raising questions about what will happen to the share price when the Nasdaq reopens on Monday.
Lakers' Blake, wife target of attacks on Twitter
Lakers guard Steve Blake and his wife received multiple online threats after he missed a big shot late in Game 2 of Los Angeles' second-round playoff series with Oklahoma City.
Morgan Stanley made big bet on Facebook
NEW YORK (Reuters) - Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering and it boosted the price. Thanks to massive hype surrounding Facebook's historic public offering, the wager looked safe. But a rocky first day of trading has raised questions about whether it paid off. After a delayed start to trading, Facebook's shares spent much of the day struggling to stay above the $38 IPO price - and ended with just a 23-cent gain. ...
Historic Facebook debut falls flatSAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares began trading late Friday morning and opened 11 percent above the $38 offering price, but after peaking at about $45 slid rapidly at the end of the day to close at $38.23. The IPO was the third-largest in U.S. history and valued eight-year-old Facebook at $104 billion. ...
Highlights from Facebook's debut
Facebook's debut on the stock market was preceded by epic hype, delayed by a technical glitch and tracked minute-by-minute by investors around the world. In the end, the fuss was over a gain of 23 cents.
Facebook stock closes nearly flat in debut
It was barely a "like" and definitely not a "love" from Facebook investors as the online social network's stock failed to live up to the hype in its trading debut Friday.
Eduardo Saverin congratulates Mark Zuckerberg on Facebook IPO
Eduardo Saverin, the Facebook co-founder whose strained relationship with Mark Zuckerberg was popularized by the 2010 Aaron Szorkin film, “The Social Network,” offered his congratulations to his former partner on Facebook’s IPO Friday.
A debate: Should you jump in on Facebook debut?
Facebook begins selling stock to the public Friday in the most talked-about market debut in years. Two Associated Press business writers are debating whether the stock is a smart buy.
New lawsuit takes aim at Facebook privacy
A new lawsuit consolidating several complaints about Facebook's privacy policies was filed Friday in California, seeking damages for US users of the social network for improper tracking.
Questions and answers on blockbuster Facebook IPO
A company started in a Harvard dorm room in 2004 has just raised $16 billion and is valued at $104 billion. All that from an initial public offering of stock.
FACEBOOK IPO LIVE: The social network goes public
Facebook stock debut fails to sizzle
It was barely a "like" and definitely not a "love" from Facebook investors as the online social network's stock failed to live up to the hype in its trading debut Friday.
Nasdaq glitch confuses investors of Facebook IPO
Some investors who thought they had bought Facebook shares at the opening of trading were left without knowing for hours whether they had received the shares.
Facebook investors left guessing after Nasdaq glitch
(Reuters) - Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for newly issued Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches in recent years. Massive demand for the social networking giant's initial public offering, which set a trading volume record for U.S. market debuts, led to a 45-minute delay in the start of trading in the stock. But it was what happened after trading started that had some on Wall Street fuming. ...
SEC to look at Facebook trade glitches
WASHINGTON (Reuters) - The Securities and Exchange Commission will review the Nasdaq trading glitches surrounding the initial public offering of Facebook Inc on Friday, an agency spokesman said. "As is our practice, staff will review the incident with Nasdaq to determine its cause and steps that will be taken to address it," SEC spokesman John Nester said in a statement. (Reporting By Dave Clarke; Editing by Gary Hill)
Everything You Need to Know About Facebook's IPONow that Facebook's finished its first day on the market, it's time to figure out what it all means. It ended the day at a price of $38.23 per share, almost exactly where it started the morning at $38 per share, does that mean today basically didn't happen? No. As you can see over at our live blog, it was an eventful day, which saw the stock peak at $45 per share, amid tech glitches and a resounding meh from the Internet. What does this mean for Facebook? America? The Internet? Me? You? Let's find out.
Is Facebook for Lonely Narcissists?In this week's The New York Times Magazine, Well columnist Tara Parker-Pope asks, "Does Facebook turn people into narcissists?" which, when paired with The Atlantic's own recent cover story by Stephen Marche, "Is Facebook Making Us Lonely?" leads us to wonder whether we're all a bunch of isolated self-obsessed twits.
Facebook IPO: Who is selling stock?
Facebook Inc. sold 180 million of its shares in its initial public stock offering. Another 241.2 million came from existing stockholders, including the company's earliest investors and CEO Mark Zuckerberg.
Eurozone crisis drives stocks lower despite Facebook frenzy
World stock markets fell again in nervous trade on Friday and the euro hit a new four-month low against the dollar as ratings agencies further downgraded Greek and Spanish banks.
English Premier League: The Social Media Season
The English Premier League is arguably the world's most popular sports organization, and this season saw explosive growth off the pitch in the realm of social media.
Tale of the tape: Google versus Facebook
Facebook is the hottest Internet company to hit the stock market since Google went public in 2004. The Silicon Valley companies, located seven miles apart, also happen to be locked in a bitter battle for Web surfers' allegiance and online advertisers' money. The duel is likely to intensify now that the IPO has given Facebook Inc.'s social network billions of dollars to battle Google Inc.'s dominant search engine.
Historic Facebook debut falls short of expectationsSAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares, which opened up 11 percent, closed at $38.23 after a nail-biting last half hour of trading when the shares dipped to their $38 IPO price. Most investors had predicted a first-day pop. More than 576 million shares changed hands, setting a trading volume record for U.S. market debuts. ...
Facebook falls flat in market debut
Facebook stumbled in its first trading day Friday as shares ended barely above the starting price after a glitch-plagued market debut on the Nasdaq that failed to live up to the enormous hype.
Road to IPO: Milestones in Facebook's history
Key developments in the eight years since Facebook Inc.'s creation:
Messy Facebook debut marks weak day on Wall StreetNEW YORK (Reuters) - Stocks fell on Friday after a sloppy debut by Facebook Inc spoiled hopes that a spectacular open for the most-anticipated stock sale in years would brighten the mood in what has been a gloomy month for equity markets. Shares of Facebook, the social networking giant, were volatile in the busiest day ever for a trading debut. After early gains of more than 10 percent, Facebook shares fell back to the $38 issue price, ending up just 0.6 percent at $38.23. It was the Nasdaq's most actively traded stock, with more than 566 million shares traded. ...
Beyond Facebook: A look at social network history
Facebook may have made social networking a worldwide cultural phenomenon, but it wasn't the first Internet company to connect people online. And it won't be the last. Here's a look at how social networking has evolved. Some companies have come and gone. Some are mere shells of their former selves. And others show promise, even as Facebook dominates the social Web.
Stocks fall on Europe worries; Facebook debuts
It's going to take more than Facebook's initial public offering to push the stock market higher.
Facebook falls flat in public debut
After all the hype, Facebook's first day as a public company ended where it began.
Facebook's IPO: Who Got Rich
Mark Zuckerberg
US shares skid as Facebook IPO stumbles
US stocks slumped Friday as Facebook's highly anticipated record market debut disappointed, adding to bearish sentiment about Europe's financial woes.
Facebook IPO averts "odd lot" questionNEW YORK (Reuters) - Facebook Inc's modest debut on Friday may have averted a potential headache for the company and regulators, and kept at bay a debate over the role of "odd lots" in the marketplace. Shares of Facebook traded as high as $45, near the price of $50 that would keep many retail investors from placing a typical "round lot" order of 100 shares, because the total cost will be $5,000 - considered a threshold for many investors. By the end of regular trading on Friday, however, the stock closed at $38.23, just 23 cents, or 0.6 percent, above its initial public offering price. ...
Social media stocks tumble on tepid Facebook IPO
The lukewarm response to Facebook Inc.'s initial public offering sent shares of other social-media companies tumbling Friday.