Facebook, the social network giant on the verge of a huge initial public stock offering, pays an unusually high tax rate, but that is likely to change soon, analysts said.
As Facebook filed for its initial public offering (IPO) on Feb 1, the letter to investors was also released. The most notable remark by Mark Zuckerberg is that Facebook was not originally created to be a company. It was built to accomplish a social mission - to make the world more open and connected.
Microsoft, the No.1 software company, is hitting back at Google, No. 1 in search, by insinuating new Google policies may inadequately protect consumer privacy.
Soulja Boy is the latest celebrity to become victim to the death hoax, with users on Twitter using the hashtag #RIPSouljaBoy .
As with most companies going public, Facebook's IPO filing Wednesday brought to light the company's financials and other astonishing revelations that could either make or break the multi-billion dollar business.
It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.
So much for Facebook fatigue.A survey released on Friday shows that people who have used the social networking site over a long period - since its founding in 2004, say - show no sign that they are tired of posting pictures, updating weekend plans or just relaying random thoughts.
Snooki, whose real name is Nicole Polizzi, posted a stunning, yet gorgeous picture of her in a short black skirt, revealing a pair of incredibly slim and toned legs. Just in case you were wonder how much weight she has lost, the picture should give you a clue ... a lot. Snooki paired her black mini skirt with a bright leopard print zip jacket and striped platform booties.
The first thing the 1,000 or so new post-IPO Facebook millionaire employees might need: a reality check.
While people continue to scour the Facebook prospectus for insights into the social media industry, investors are also digging for clues to the fate of companies tied to the success of Facebook Platform. The Facebook IPO filing provided insights into the long-term viability of companies such as Zynga and Snap Interactive, which investors used to their advantage Thursday.
The hype over Facebook's initial public offering has excited investors revisiting other social media companies, even though most of those stocks have plunged since the fanfare of their own IPOs.
As companies such as Netflix and Amazon increasingly set their sights on their online streaming business, competitor Redbox has what some analysts believe is a serious problem: no streaming service.
On his Twitter bio Ray William Johnson (RayWj) makes one reference to his profession: I produce a few shows. Those who have stumbled upon his show on YouTube might call his bio a little understated; with more than 1.5 billion total views, Johnson earns $1 million a year off his own comic YouTube series, according to the Wall Street t Journal.
Groupon Inc shares jumped to their highest level of 2012 Thursday as the daily deal company got a boost from social networking euphoria sparked by Facebook's IPO filing.
Groupon Inc shares jumped to their highest level of 2012 Thursday as the daily deal company got a boost from social networking euphoria sparked by Facebook's IPO filing.
Only a day old, it didn't take long for imposters to attempt to scam shares of the social network's stock. According to The Northwestern, a woman from Oshkosh, Wis., was caught selling fake Facebook shares the same day the company officially filed its IPO.
Assuming the $100 billion initial public offering by Facebook proceeds as planned, investors will likely clamor for shares and snap them up, just as in earlier Web frenzies for Netscape Communications, Yahoo and Google. But there are dangers.
Zynga shares jumped as much as 22 percent on Thursday in the first trading session after Facebook revealed it made 12 percent of its revenue last year from the video game publisher.
As soon as news broke that Facebook was filing for its IPO, rumors spread that the public offering would create 1,000 overnight millionaires.
Facebook filed a $5 billion IPO on Wednesday, meaning that the social media giant will become a publically traded company, and anyone will be able to buy shares of Facebook starting this spring. But what is an IPO?
Zynga shares jumped as much as 22 percent on Thursday in the first trading session after Facebook revealed it made 12 percent of its revenue last year from the video game publisher.
Since Monday's episode of Late Night, the backstage photo has been making a lot of noise.