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Facebook’s Stock Up 5 Percent After 3 Days Of Losses
NEW YORK (CBS / AP) — Facebook’s stock has regained some of its losses from the past few days. The stock jumped $1.41, or 5 percent, to close Thursday at $29.60. That comes after three consecutive days...
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Facebook Stock Down 3 Percent To New Low For Close
NEW YORK (CBS / AP) — Facebook’s stock fell 3 percent and closed Monday at a new low. Shares of Facebook Inc. slid 82 cents to close at $26.90, after briefly trading as low as $26.44. The previous low...
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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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Nasdaq Tries To Make Amends For Facebook IPO Problems
NEW YORK (CBS / AP) — The Nasdaq stock exchange tried to make amends with investors ensnared by technical problems on the day Facebook went public. But the apology was not universally accepted. Nasdaq...
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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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Facebook Stock Closes Up For 3rd Straight Day
MENLO PARK (CBS / AP) — Facebook’s stock has had its third consecutive day of gains. The stock increased $1.40, or 4.7 percent, to close Monday at $31.41. That’s still down 17 percent from Facebook’s...
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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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First Facebook Insiders Can Sell Stock As ‘Lock-Up’ Ends
MENLO PARK (CBS/AP) – Facebook’s early investors and a handful of directors will become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a...
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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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Facebook Co-Founder Sells 450,000 Shares
MENLO PARK (CBS / AP) — Facebook co-founder Dustin Moskovitz shed 450,000 shares of Facebook in the past few days for proceeds of about $9 million – a tiny chunk of his total stake. Moskovitz was Mark...
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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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Facebook CEO Reaped $2.3 Billion Gain On Stock Options
MENLO PARK (CBS / AP) — Facebook CEO Mark Zuckerberg reaped a gain of nearly $2.3 billion last year when he exercised 60 million stock options just before the online social networking leader’s initial...
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Nasdaq Paying $10M To Settle Botched Facebook IPO
MENLO PARK (CBS/AP) – Nasdaq has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook’s public stock offering last...
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Facebook COO Sandberg Pulls In $91M From Stock Sale
MENLO PARK (CBS/AP) — Facebook’s chief operating officer, Sheryl Sandberg, has sold $91 million worth of shares in the social networking company. The sale was part of a pre-determined trading plan that...
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Facebook CEO Says IPO Made Company Stronger
SAN FRANCISCO (CBS / AP) — Facebook CEO Mark Zuckerberg didn’t really want to take his company public last year, but he has changed his mind now that the Internet social network’s stock is steadily...
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Twitter Learns From Facebook IPO’s Follies
SAN FRANCISCO (CBS / AP) — Twitter is so deeply ingrained in the cultural conversation that its initial public offering is likely to be a hot topic on its trend-setting service for the next few months....
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