Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Facebook is the thick of losing money on the Street. The company went public in May, other than the starting day, when its price went up to as much as $41 per share, it has not lifted up from the ground. And what followed the sloppy start was a slew of court cases against the […]
The exciting news of the Facebook CEO Mark Zuckerberg’s marriage is all over the internet since yesterday. According to his personal Facebook timeline, Zuckerberg is not a single guy anymore. He hit the Life Trifecta by marrying his long-time sweetheart Priscilla Chan on Saturday, May 19, 2012. The event was initially only confirmed only by […]
(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 began trading late Friday morning and opened 11 percent above the $38 offering […]
(Reuters) – Investors are bracing for Facebook’s Wall Street debut on Friday after the world’s No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. Valued at $104 billion, Facebook is larger than Starbucks Corp and Hewlett-Packard combined, sparking intense speculation on how much higher its […]
(Reuters) – Facebook Inc has increased the price range in Silicon Valley’s biggest-ever initial public offering to raise more than $12 billion, giving the No.1 social network a valuation potentially exceeding $100 billion. The company founded in a Harvard dorm room by Mark Zuckerberg raised the price target range to between $34 and […]
(Reuters) – Mark Zuckerberg wants at least $5 billion from Wall Street investors, but those investors will not be getting much face time in return. The Facebook co-founder and CEO made that clear when he skipped the social networking company’s first major briefing for analysts and bankers last week. The meeting was the first of […]
(Reuters) – Facebook Inc is taking the next step on its IPO journey and has summoned research analysts from Wall Street banks to its Menlo Park headquarters early next week for a pre-roadshow briefing to discuss the finer points of its business and books. The world’s largest social network, which is racing toward what would […]
(Reuters) – Facebook Inc added several women- and minority-owned investment banks to the roster of underwriters for its initial public offering, following in the footsteps of General Motors Co and Goldman Sachs Group Inc, which did the same during their own offerings. The No. 1 online social media network, which filed an amended IPO […]
(Reuters) – Facebook’s corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers’ Retirement System. The pension fund, which has a portfolio valued at around $145 billion, is planning […]
(Reuters) – About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating Officer Sheryl Sandberg went out and poached Caroline Everson, then global advertising head at Microsoft Corp. Landing an executive with Everson’s pedigree was a coup – prior to Microsoft, she was […]
(Reuters) – It’s the year’s hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients. The world’s biggest social network is expected to seek a $75 billion to $100 billion valuation in its IPO, the most anticipated stock offering from Silicon Valley since Google Inc went […]
(Reuters) – Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say. The Harvard dropout, who launched the social networking phenomenon from his dorm room, will control […]
