More than a month after the initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, investors ought to be on the alert for several bullish signs.
On May 18, Facebook closed its first day as a public company at $38.23, valuing itself around $105 billion. On Tuesday at mid-day, it traded near $31.50. Still, despite the vilification of the IPO, the slumping share price and dozens of class action lawsuits filed in federal courts in New York and California, Facebook, a damaged brand, has followed the advice of New York image guru Clive Chajet who said it should ignore the press and stick to its knitting.
In iOS 6, which was unveiled Monday at the 2012 Worldwide Developers Conference (WWDC) in San Francisco, Apple has decided to apply these same tactics of deep integration with Facebook, the world's largest social network with more than 900 million users. This is all great for Facebook, but what is Apple getting in return?
Within a week of Facebook Inc.'s (Nasdaq: FB) $16 billion initial public offering, at least six lawsuits were filed against its top officials, including CEO Mark Zuckerberg, as well as six investment banks involved in the deal. That in itself is not surprising, considering the IPO flopped. What would be surprising is if the shareholders actually get anything near what they feel they deserve.
Speculation swirls that the current smartphone leader may be buying onetime mobile phones king.
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, rose sharply Friday trading after a preliminary report by comScore (Nasdaq: SCOR) that its advertisements are effective.
Is Facebook boring? For 34 percent of users of the social network polled by Reuters and Ipsos, the answer is a resounding, yes.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, kept setting new lows after their May 17 IPO. By Tuesday, they'd shed 32 percent of their value.
After conquering Harvard in 2004, Facebook spread to other colleges and eventually opened itself to high schoolers and college grads, but now, Facebook is reportedly ready to expand again. The crew in Menlo Park, Calif., is currently exploring ways to open Facebook access to children aged 13 and under.
Mark Zuckerberg is reportedly being sued by his own investors. The most recent lawsuit claims that the Facebook co-founder sold more than $1 billion worth of the social networks stock just before prices started tumbling.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, set a record low after the influential research firm Bernstein started coverage with an ?underperform? rating.
Clive Chajet, celebrated brands consultant for companies, offers his free advice to Facebook, Yahoo and Hewlett-Packard about undoing the damage from recent mishaps: stick to business and the share price will follow.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged as much as 7.5 percent in Friday trading, reversing Thursday?s 5 percent gains. Overall markets fell about 2.5 percent.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell again Wednesday, giving back their early gains from Tuesday?s record-low close of $28.84.
Facebook co-founder Eduardo Saverin has been pretty uncommunicative ever since the details of his flashy Singapore lifestyle, along with the renouncing of his American citizenship, made news headlines. But that all changed recently when Zuckerberg's former business partner, now a newly made billionaire thanks to the Facebook IPO, sat down for an interview with a magazine from his family's native Brazil.
Since Mark Zuckerberg launched Facebook in 2004, the social network has become one of the most important centerpieces in society, especially as it becomes increasingly digital and mobile. Yet, the value of Facebook has not yet translated to revenue dollars. That may change, however, if Facebook decides to build its first-ever piece of hardware: A Facebook smartphone.
Google is not the only software company trying to get into the hardware arena. If ongoing rumors are to be believed, Facebook too wants its own smartphone. Reports said that it hopes to release its own smartphone next year and has already hired more than half a dozen former Apple software and hardware engineers.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell 3.4 percent again Friday, a week after their disastrous debut in their initial public offering.
In the week since Facebook Inc. (Nasdaq: FB) went public, its founder, CEO and majority shareholder saw his $20.2 billion stake in the social media giant quickly swell to $24 billion only to shrink by day's end to $17.6 billion.
Six days after the company's IPO and two months after it acquired photo-sharing app company Instagram for $1 billion, Facebook debuted a photo app of its own on Thursday, called Facebook Camera. Here, we'll break down Facebook Camera, and evaluate whether or not the new app has added value over Instagram.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose $1.03 to close at $33.03 on Thursday. A week ago, they were priced at $38 for the IPO.
Facebook (Nasdaq: FB), the No. 1 social network, didn?t just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies. Underwriters fared very well.
