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Regulators Probe Bank’s Role In Facebook IPO
BOSTON (CBS / AP) — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of...
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Facebook Reportedly Looking To Move Stock To NYSE After Botched IPO
NEW YORK (CBS/AP) — Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person...
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Facebook Shareholders File Suit Over IPO Documents
NEW YORK (CBS/AP) – Facebook’s fourth day of trading as a public company saw an increase in the company’s stock price and shareholder lawsuits related to the social network’s botched initial public...
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Morgan Stanley May Refund Some Facebook Investors
NEW YORK (CBS/AP) — Morgan Stanley, the lead investment bank in Facebook’s troubled initial public offering, will compensate investors who overpaid when they bought Facebook’s stock in Friday’s IPO,...
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Facebook Shares Close Under $26 After 3rd Consecutive Slide
MENLO PARK (CBS/AP) – Facebook’s stock has fallen for the third consecutive day. The stock fell $1.03, or 3.8 percent, to close Tuesday at $25.87. It’s 32 percent below its initial public offering...
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Facebook Seeks To Consolidate 40+ Lawsuits Over IPO
MENLO PARK (CBS SF/AP) — Facebook is seeking to consolidate the more than 40 lawsuits it faces following its rocky initial public offering of stock last month. In a filing with a judicial panel on...
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Federal Regulators Looked Into Facebook’s Mobile Relationships Before IPO
MENLO PARK (CBS /AP) – As Facebook’s much-anticipated public stock offering approached, federal regulators wanted to know more about the revenue it gets from mobile devices, its $1 billion deal to buy...
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IPO Market Bleak Following Facebook Flop
MENLO PARK (CBS/AP) — It’s been a month since Facebook’s IPO fell flat and in that time, the market for initial public offerings has collapsed. No company has gone public since May 18, compared with 19...
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Tech Report: Facebook’s Dummy Accounts & Dwindling Stock Value
SAN FRANCISCO (KCBS)— Facebook revealed more than 8 percent of its 955 million monthly active users may be duplicate or false accounts. The social network categorizes these types of accounts into three...
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Livermore’s Performant Financial IPO Priced Below Expectations
LIVERMORE (CBS/AP) — Performant Financial Corp.’s initial public offering of 9 million shares priced at $9 per share, below an expected range of $12 to $14. The Livermore company, which helps its...
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Hopes For California Facebook Windfall Sink As Stock Slides To All-Time Low
MENLO PARK (CBS SF) – Shares of Facebook plunged to all-time lows after early investors and insiders were allowed to sell their shares Thursday, dimming California’s hope for a capital gains windfall...
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Facebook Stock Shrivels To Half Its IPO Market Value
MENLO PARK (CBS/AP) — Facebook’s stock fell to $19 for the first time on Friday, meaning it has lost half its market value since the company’s initial public offering in May. It hit that milestone on...
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Facebook Stock Recovers Slightly After Hitting New Low
MENLO PARK (CBS SF) – Facebook’s beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day. Facebook Inc. hit a new low of $18.75 before bouncing back to $20.01 by...
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Yelp Shares Surge As Insiders Hold On To Stock
SAN FRANCISCO (CBS/AP) – Yelp’s stock is passing one of its biggest stress tests since the online business review service went public nearly six months ago. Shares are up nearly 18 percent to $21.46...
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Zuckerberg Has No Plans To Sell Facebook Shares This Year
MENLO PARK (CNET) – In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg “has no intention to conduct any sale transactions… for at least 12 months.” This comes as...
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Zuckerberg Shrugs Off Facebook Stock Drop At SF TechCrunch Conference
SAN FRANCISCO (CBS/AP) - Facebook CEO Mark Zuckerberg hasn’t enjoyed seeing his company’s stock get pummeled on Wall Street this summer, but he is relishing the opportunity to prove his critics wrong....
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Facebook Shares Drop After Barron’s Article Dubs Stock ‘Still Too Pricey’
MENLO PARK (CBS/AP) — Facebook’s stock was down sharply after an article in the financial magazine Barron’s said it is “still too pricey” despite a sharp decline since its initial public offering....
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Shares Of Pleasanton-Based Workday Skyrocket On IPO
PLEASANTON (CBS/AP) — Shares of cloud-computing firm Workday rocketed higher in their first day of trading on the New York Stock Exchange. The stock climbed $20.12, or 72 percent, to $48.12 in early...
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Flood Of Facebook Shares Hit Market, Price Jumps
MENLO PARK (CBS/AP) — Facebook’s biggest lock-up period – a time following an IPO that prevents insiders from selling stock – expires on Wednesday. This means employees, former employees, and investors...
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Shares Of Sunnyvale Wi-Fi Networking Firm Ruckus Drop On NYSE Debut
SUNNYVALE (CBS/AP) — Shares of Ruckus Wireless Inc. fell Friday after raising $126 million in an initial public offering of stock. The Sunnyvale company makes equipment for and builds big Wi-Fi...
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