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Dropbox prepping for 2013 IPO, readies business offerings
- Well-recognized cloud storage outfit Dropbox is aiming to go public during the second half of 2013, or so unnamed sources "briefed on the talks" believe. Dropbox hopes to launch a new range of business-focused products alongside introducing itself as a…
Zuckerberg says Facebook wasted two years betting on HTML5
- Facebook founder Mark Zuckerberg was a featured guest during TechCrunch’s ongoing Disrupt conference in San Francisco. In his first public interview since the dreadful IPO back in May, the social network founder said the biggest mistake Facebook made was betting…
Nasdaq planning to compensate brokers for Facebook IPO trading glitch
- Officials at Nasdaq are preparing to offer compensation to firms that lost money due to a computer glitch on the opening morning of Facebook’s IPO. It’s been estimated that traders lost a collective sum of over $100 million but the…
After five days, Facebook ranks as worst IPO flop of the decade
- Facebook’s introduction on the Nasdaq certainly hasn’t lived up to the hype leading up to last Friday and the current forecast isn’t looking much better. The stock is down 16 percent from its IPO price, prompting Bloomberg to declare it…
Facebook, underwriters sued over "secret" changes to revenue forecast
- Facebook’s record-setting IPO was the talk of the town leading up to last Friday when shares were made available for purchase on the NASDAQ. To say that the process went smoothly would be the understatement of the century. The IPO…
Facebook IPO affected by Nasdaq technical issues
- Nasdaq OMX Group Inc. faces scrutiny after shares of Facebook Inc. were plagued by delays and mishandled orders on its very first day of trading. Apparently computers used to drive the auctions were overwhelmed by order cancellations and updates in…
Weekend tech reading: Facebook from inception to IPO
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Just over eight years after Mark Zuckerberg launched thefacebook in a Harvard dorm room, Facebook has officially gone public today. And, what better time to dig back into the company's history, as documented by everyone from The Harvard Crimson and The New Yorker to Zuckerberg himself?
60 percent of Americans don't trust Facebook to keep their data private
- A recent poll conducted by the Associated Press-CNBC shows that Facebook has a long way to go in earning the trust of their users. Nearly 60 percent of people questioned had little or no trust in Facebook’s ability to keep…
Angry Birds creator Rovio ready to go public after strong 2011 earnings
- Rovio Entertainment is now set for a stock market listing after posting strong earnings for 2011 that saw sales jump tenfold over the previous year. Some analysts have valued the Angry Birds creator at nearly $9 billion.
Facebook set to go public on May 17, valued at $100 billion
- Facebook is planning to go public on May 17 according to multiple sources, granted the social network is able to get all of the necessary paperwork through the Securities and Exchange Commission in time. There’s little doubt that Zuckerberg’s company…
Facebook CEO Mark Zuckerberg could face massive $2 billion tax bill
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Facebook’s much publicized IPO will make founder and CEO Mark Zuckerberg a billionaire, but it could potentially also land him with a tax bill up to a staggering $2 billion, should he exercise his stock options worth billions of dollars...
Facebook finally files long-rumored $5 billion IPO
- As expected, Facebook's initial public offering hit the Securities and Exchange Commission Wednesday, raising $5 billion -- less than the $10 billion previously speculated. The long-rumored move reached relative certainty last Friday when the Wall Street Journal reported the IPO…
Facebook's long rumored IPO is imminent
- In the past few years Facebook has grown far beyond its somewhat humble roots. There used to be a time when it played second place in the social networking space to that other website no one even cares to visit…
Insider reveals Facebook's $3.5bn cash hoard
- Facebook is sitting on a massive $3.5bn in cash according to a well-placed mole's leaked figures, revealing that the social networking giant is earning considerably more money than first believed.
Groupon becomes largest Internet IPO since Google, raises $700 million
- Groupon has raised $700 million in its initial public offering and is currently trading much higher than the original $20 per share asking price. The daily deals company managed to sell 35 million shares at $20 each, thus becoming the…
Groupon IPO valuation to be lower than anticipated
- Groupon’s initial public offering (IPO) is expected to be much lower than originally anticipated earlier this year. Analysts now believe the company will be valued between $5 billion and $10 billion when shares are offered on the open market, according…
Zynga profits drop sharply, IPO seems even less desirable now
- Zynga has reported a 90 percent drop in second quarter net income compared to the same period a year ago. The social network game developer made roughly $14 million for the three months ending in July last year but that…
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