Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

NEWS ABOUT: facebook IPO

Stories 1 - 20 |  Next >>

Switch to grid view »

Ex-State GOP Chair Charged With Facebook Fraud

Craig Berkman allegedly told investors he could sell them shares he didn't have

(Newser) - Federal authorities have arrested Florida financier—and former Oregon Republican chairman—Craig Berkman for allegedly bilking investors out of millions in a scheme to sell fake Facebook shares. Ahead of Facebook's IPO, Berkman allegedly told investors that he had access to shares of the company, a complete fabrication that... More »

Feds Sue JPMorgan Over Bear Stearns Shenanigans

Meanwhile, Morgan Stanley fined for Facebook IPO irregularities

(Newser) - JPMorgan is staring down a lawsuit over Bear Stearns' alleged mortgage-backed securities misconduct. The National Credit Union Administration, the federal regulator that oversees credit unions, has sued the big bank, alleging that Bear Stearns misled the credit unions it sold $3.6 billion in securities to, causing many to collapse,... More »

Zuckerberg: Mobile Tech Was Our Biggest Mistake

Facebook building a search engine, he says

(Newser) - In his first public talk since Facebook's IPO in May, Mark Zuckerberg said the stock's decline was "obviously disappointing," and admitted the company had "burned two years" by focusing on the wrong mobile technology, reports the Financial Times . But he came across as upbeat and... More »

Facebook: Zuckerberg Won't Sell Shares for a Year

Firm moves to protect share price as it hits new low

(Newser) - Mark Zuckerberg is a much poorer billionaire than he was a few months ago, but he won't be joining the early investors selling off their Facebook shares. Those shares hit a new low of $17.73 yesterday, and the company took steps to assure investors that the slide will... More »

Scapegoat for Facebook's IPO: CFO ... or You?

NYT pins it on the exec, but others say investors themselves are to blame

(Newser) - Financial writer Andrew Ross Sorkin of the New York Times has set off much chatter today with a scathing column about Facebook's IPO that pins most of the blame on company CFO David Ebersman. Sorkin finds it odd that the 42-year-old has largely escaped mention even though he played... More »

Facebook's 1st Big Investor Dumps His Stock

Peter Thiel's move could be bad news

(Newser) - PayPal founder Peter Thiel, Facebook's first major investor and also a board member, has sold off the majority of his shares. Thiel invested $500,000 in Facebook in 2004, and has made more than $1 billion from that investment, the Wall Street Journal notes. He had already sold some... More »

Facebook Stock Drop 'Painful' for Workers

Mark Zuckerberg admits it's hard on employees

(Newser) - With investors dumping Facebook stock and analysts dumping on the company , employees are feeling the pain. In other words, their plans for a new home or car will have to be put on hold, the Los Angeles Times reports. "People made life plans and calculations," says a Silicon... More »

As Facebook Shares Tank, Calls for Zuckerberg's Head

Investors wonder if he's 'in over his hoodie'

(Newser) - With Facebook stock continuing to find new lows , grumbles have started on Wall Street. "There is a growing sense that Mark Zuckerberg, talented though he may be, is in over his hoodie as CEO of a multibillion-dollar public company," one researcher tells the LA Times . Zuckerberg owns too... More »

Facebook Shares Hit New Low

They drop 6% as some investors get first chance to sell

(Newser) - More stock woes for Facebook: As some shareholders got their first opportunity to sell yesterday, shares plummeted to a new low of $19.69. By day's end, they'd settled at $19.87, a 6% plunge, the Los Angeles Times reports. It's not clear yet how many of... More »

270M Facebook Shares Could Hit the Market Today

Lock-up period ends for early investors

(Newser) - Desperate to get your hands on a sagging Internet stock? Well, you're in luck: 271.1 million Facebook shares could hit the market beginning today, as the lock-up period that barred early investors from selling their stock expires. Today marks 90 days since Facebook's IPO, making those shares... More »

Facebook Trades Below $20

Stock falls below psychological threshold in wake of earnings

(Newser) - Remember when financial columnist Mark Hulbert suggested that Facebook shares should cost $13.80 ? Well, it's looking more and more likely. Shares dipped below $20 in trading today, at one point hitting $19.90, according to the Wall Street Journal . "There's huge negative sentiment and there... More »

Mutual Funds Bail on Facebook

Fidelity sells off huge chunk of stock at record speed

(Newser) - Usually, when big mutual funds invest in IPOs, they're in for the long haul. But that might not be the case with Facebook. Twenty-one mutual funds from Fidelity Investments, one of Facebook's earliest buyers, unceremoniously dumped more than 1.9 million public shares combined last month, with 16... More »

UBS to Sue Nasdaq Over Facebook IPO

Bank slams 'gross mishandling' of debut after losing $356M

(Newser) - More fallout from the Facebook IPO: UBS is planning to sue Nasdaq over a market debut that resulted in $356 million in losses for the Swiss bank. "As a market maker in one of the largest IPOs in US history, we received significant orders from clients," UBS said.... More »

Facebook IPO Proves Need for Overhaul: Lawmakers

Darrell Issa raises concerns for small investors

(Newser) - Lawmakers led by Rep. Darrell Issa have penned a letter to the SEC urging an overhaul of the IPO system, saying Facebook's shaky public offering underlines the raw deal handed to small investors, the Wall Street Journal reports. The Republican House Oversight chair wrote that investment banks "dictate... More »

Nasdaq: We Owe Industry Apology Over Facebook IPO

It's offering clients $40 million to cover losses

(Newser) - Nasdaq is offering $40 million in cash and rebates to its clients to make up for the glitches during the Facebook IPO, reports Reuters . One problem: Total claims by firms who lost money because of the technical snafus could reach $150 million to $200 million, say two senior finance execs.... More »

Facebook Stock Falls Again, Still Not Far Enough

It will be a good buy at $20, says one analyst

(Newser) - Facebook's stock keeps setting milestones of the wrong kind, today closing below $26 at $25.87, notes CNNMoney . Which means the stock is now down 32% since the May 18 IPO. Time to buy? Not even close, one tech-sector expert tells MarketWatch . "Facebook at $20 is worth a... More »

Facebook Ads a Flop: Poll

Ads, comments only influence a fifth of users

(Newser) - General Motors was right when it said Facebook ads weren't effective , a Reuters poll finds. Only a fifth of Facebook users say they have ever bought something because of ads or comments on the social network, the poll found—and 34% say they are spending less time on the... More »

Get Ready for More Facebook Shares for Sale

Lock-up expiration will free 268M shares in less than three months

(Newser) - Just as investors are souring on their plunging Facebook shares , comes a depressing reminder that millions of shares will likely soon flood the market. Starting in less than three months, select insiders and early investors will be allowed to sell their Facebook shares as the "lock-up period" currently preventing... More »

Morgan Stanley CEO Defends Facebook IPO

Give the stock some time, he says

(Newser) - Morgan Stanley CEO James Gorman didn't feel the need to make any apologies in his first public comments since Facebook's IPO disaster. Gorman, speaking to CNBC , defended his bank's role as chief underwriter on the deal. "There are lot of opinions," he said of the... More »

Sinking Stock Pushes Zuck Off Billionaires Index

As of yesterday, he was no longer one of world's 40 richest

(Newser) - As of yesterday, Priscilla Chan was no longer married to one of the world's 40 richest people. Bloomberg reports that Facebook's much ballyhooed drop below the $30-a-share mark yesterday caused Mark Zuckerberg to drop from the list. With the stock closing at $28.84, his fortune decreased from... More »

Stories 1 - 20 |  Next >>
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne