SAN 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 (24.17 pounds) after [...]
NEW 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 (28.4 pounds), near the price of $50 that would keep many [...]
NEW 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 (28.4 pounds), near the price of $50 that would keep many [...]
NEW YORK (Reuters) – On Monday, 74-year-old Betty Tanguilig told her financial adviser to liquidate a $400,000 (252,800 pounds) account and put all the proceeds into Facebook Inc IPO shares. Her adviser, Alan Haft, agreed to sell only $46,000 of the $400,000 account, one of several the retiree has. But at about 6:00 a.m. EDT [...]
NEW YORK (Reuters) – On Monday, 74-year-old Betty Tanguilig told her financial adviser to liquidate a $400,000 (252,800 pounds) account and put all the proceeds into Facebook Inc IPO shares. Her adviser, Alan Haft, agreed to sell only $46,000 of the $400,000 account, one of several the retiree has. But at about 6:00 a.m. EDT [...]
SAN FRANCISCO (Reuters) – For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock’s rise. In late trading, Facebook shares were only a few cents above the company’s [...]
NEW YORK (Reuters) – Social media stocks, led by Zynga Inc, slumped in volatile trading as traders used the securities to hedge or bet against the star of the sector, Facebook Inc, which went public in a disappointing debut on Friday. Facebook shares rose to a high of $45 (28.4 pounds) in early trade but [...]
SAN FRANCISCO (Reuters) – It’s not just employees of Facebook Inc and its original investors who are expecting a big payday from the No. 1 social network’s much-anticipated initial public offering. Some of Facebook’s wealth is also slated to help fill the cash-strapped coffers of California and the smaller but still needy ones of Menlo [...]