Zynga Insiders Price New Stock Offering At $12
SAN FRANCISCO (CBS / AP) — Online games company Zynga Inc. said Wednesday that CEO Mark Pincus and other insiders will sell some of their stake at $12 a share, slightly below Wednesday’s closing price....
View ArticleFacebook Expected To List On Nasdaq
MENLO PARK (CBS/AP) – Menlo Park-based Facebook is planning to list its shares with Nasdaq, according to media reports. That would be a huge coup for the exchange, which competes fiercely with NYSE...
View ArticleFacebook Buying Photo-Share App Instagram For $1B
MENLO PARK (CBS/AP) – Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network’s largest acquisition ever. Instagram lets people apply filters to photos they...
View ArticleSan Francisco-Based Splunk Shares Nearly Double In Debut
SAN FRANCISCO (CBS/AP) – Shares of software company Splunk have nearly doubled in their first day of trading. The shares were priced at $17 and opened at $32 on the Nasdaq. By midday, they were up...
View ArticleFacebook Profit Falls In 1st Quarter Ahead Of IPO
MENLO PARK (CBS/AP) – Facebook’s first-quarter net income fell 12 percent, weighed down by higher expenses even as its revenue soared, the social networking company said Monday, just a few weeks ahead...
View ArticleFacebook IPO Reportedly Set For May 18
MENLO PARK (CBS / AP) — Facebook will go public on May 18, a published report said, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004. The Wall...
View ArticleFacebook Sets IPO Range Of $28 To $35 Per Share, Valued Up To $95B
MENLO PARK (CBS / AP) — Facebook, the company that turned the Web social, has set a price range for an initial public offering of stock that values the company at up to $95 billion. Facebook’s IPO...
View ArticleFacebook Hits The Road As Company Is Set To Go Public
MENLO PARK (KCBS) – The IPO clock is ticking for Menlo Park-based Facebook as the company prepares to sell its first public shares next week. And Facebook’s top executives are now hitting the road,...
View ArticleFacebook Gives More Details On Mobile Usage
MENLO PARK (CBS / AP) — Facebook said the number of people logging in is continuing to grow more quickly than the number of ads delivered. This is in part because more people are using Facebook on...
View ArticleFacebook Updates Data Use Policy To Give More Info
MENLO PARK (CBS SF) – Facebook is updating its data use policy in an attempt to give users more clarity on how the information they share is used by the company. The move comes a week ahead of its...
View ArticleFacebook Wraps Up IPO Road Show In Palo Alto
PALO ALTO (CBS/AP) – Facebook CEO Mark Zuckerberg and other executives have addressed prospective investors at a hotel luncheon in Silicon Valley. Friday’s event was the last of the bigger road show...
View ArticleTech Report: Facebook Changes Privacy Policy Again
SAN FRANCISCO (KCBS) — Get ready for more changes to Facebook’s privacy policy. The social networking site is revealing much more about how it uses the information it collects about users to comply...
View ArticleFacebook Set For $100B Windfall On CEO Zuckerberg’s 28th Birthday
MENLO PARK (CBS/AP) – He famously wears a hoodie, jeans and sneakers, and he was born the year Apple introduced the Macintosh. But Mark Zuckerberg is no boy-CEO. Facebook’s chief executive turned 28 on...
View ArticlePoll Finds Half Of Americans Call Facebook A Fad
MENLO PARK (CBS / AP) — Half of Americans think Facebook is a passing fad, according to the results of a new Associated Press-CNBC poll. And, in the run-up to the social network’s initial public...
View ArticleFacebook Could Bring State Even Bigger Windfall Than Expected
SACRAMENTO (KCBS) – When Facebook goes public later this week, the sale of the stock may mean an even bigger tax windfall for the state than Governor Jerry Brown had hoped for. Governor Brown is...
View ArticleFacebook Raises IPO Price As Offering Nears
MENLO PARK (CBS / AP) — Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger. The world’s largest online social network on...
View ArticleZuckerberg’s Facebook Story Is Study In Contrasts
MENLO PARK (CBS / AP) — When Hollywood set out to tell the story of how Mark Zuckerberg launched Facebook, it enjoyed the flexibility of portraying a man who, despite his social network’s worldwide...
View ArticleSF Company Expects To Sell Lots of Facebook, One Share At A Time
SAN FRANCISCO (KCBS) – When Facebook goes public on Friday, a company that caters to the smallest of retail investors expects to take a lot of orders from customers who want to buy just a single share....
View ArticleFacebook Falls Flat In Nasdaq Debut
MENLO PARK (CBS/AP) — After all the hype, Facebook’s first day as a public company ended where it began. In its much-anticipated debut on the Nasdaq Stock Market, Facebook’s stock closed Friday at...
View ArticleFacebook Stock Sinks On 2nd Day Of Trading
NEW YORK (CBS/AP) – Facebook was supposed to soar. Instead, it plunged. After the social network’s stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the...
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