Tag Archives: Facebook
NEW YORK – Facebook Inc. shares plummeted to 4% on Friday, suffering record lows of 19.04 dollars per share – about 50% less than the company’s stock values when it first debuted in the stock exchange. Costs per share fell sharply on Thursday after one of several lock-ups on Read On..
MEXICO CITY – The Foreign Minister of Germany, Guido Westerwelle, ruled out the possibility that Spain will require financial support from European Union’s bailout funds and said it is a strong country with a strong economy. Westerwelle said on Sunday that “the Spanish government of Mariano Rajoy has shown great Read On..
OLYMPIA – Facebook users in the state of Washington will have something more to brag about to their friends on the internet – they can register to vote for the November elections in the United States just by logging into their account. Last Tuesday, the office of the Secretary of Read On..
NEW YORK – A U.S. court approved the preliminary agreement which states that Netflix will have to pay $9 million (€7.32 million) for a class action lawsuit that accuses the company of violating consumers’ privacy laws. “The agreement that was reached last February has a more favorable result compared Read On..
NEW YORK – Bags on Thursday criticized rival Nasdaq OMX’s plan of $40 million to compensate customers for its mishandling of the Facebook IPO last month, calling it “illegal” and “anti-competitive”, and saying that it was unlikely to be approved by regulators. A day after Nasdaq announced its plan, Read On..
A unit of Citigroup posted losses of about $ 20 million for operations in the failed Facebook IPO on the Nasdaq, said Friday by a source within the company who has knowledge of the situation. Losses of Automated Trading Desk unit joined those reported by Knight Capital Group Inc. Read On..
NEW YORK – The shares of Facebook closed Monday with a decrease of 10.99% to 34.03 dollars per title, just two days after they made their market debut last Friday in an initial public offering price which established the $38 mark on the stock. In return, Apple shares advanced Read On..
German manufacturer Audi presented to the public its new electric bike prototype that has Internet access, designed accordingly to compete with the models of its competition. The bike was presented at the 31st edition of the Wörthersee Tour 2012 in Austria. It has a touch screen which can be Read On..
NEW YORK – U.S. stocks opened higher on Friday as the debut of Facebook titles lifted the spirits of investors. Shares of the largest online social network start trading at 1500 GMT. Still, the major indexes are on track to close its worst week of 2012 under pressure from Read On..
The Facebook IPO scheduled for this week generated a wave of euphoria on Wall Street. But the enthusiasm did not always translate into money carts for investors. Facebook is listed on the midpoint of the estimated range of $28 to $35 a share, starting with a market capitalization of about $86 Read On..
NEW YORK – Facebook on Tuesday closed the books of their gigantic IPO of 10.6 billion, according to a source familiar with the deal. The biggest social network is scheduled to put its shares on Thursday to begin trading on Friday. Facebook stopped accepting orders for the IPO two Read On..
NEW YORK – Facebook updated its information management policy in an attempt to provide users with greater clarity on how the company uses the data they share. As part of the changes, the company also gave indications that begin to show users several ads in places other than the Read On..