Facebook stock climbs, but company faces lawsuits

May 24, 2012 by Leave a Comment

Eventually the company could pass Google in revenue because users spend more time on Facebook than on Google's Market watchers have been speculating that underwriters may provide additional support for Facebook shares, in order to keep the stock from

Tough morning for The Zuck — after a lackluster debut Facebook stock is sinking like a stone this morning down more than 11% from its opening…

Facebook shares are melting down again on Tuesday, and though the rest of the stock market doesn't seem to care, it should: This episode will likely further cement Main Street's hatred and distrust of Wall Street.

The stock climbed $1, or 3.2 percent, to close at $32 on Wednesday. LAWSUITS: Several shareholders who bought stock in the IPO have filed lawsuits against Facebook, its executives and Morgan Stanley, the IPO's lead underwriter.

The social network's celebratory debut on Wall Street has given way to a plunging share price and bitter recriminations.

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Facebook stock sale leads to lawsuits for Morgan Stanley, Goldman Sachs

May 24, 2012 by Leave a Comment

The frenzy over Facebook stock is giving Wall Street another black eye and a Maryland investor is making worldwide headlines with a new lawsuit.

May 23 (Bloomberg) — Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co. and other underwriters along with Facebook Inc. were sued by investors who claimed they were misled in the purchase of the social network firm's stock.

The frenzy over Facebook stock is giving Wall Street another black eye and a Maryland investor is making worldwide headlines with a new lawsuit.

May 23 (Bloomberg) — Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co. and other underwriters along with Facebook Inc. were sued by investors who claimed they were misled in the purchase of the social network firm's stock.

Facebook Stock Closes at $32 on Wednesday. Facebook stock is once again closing in the $30 price range at $31.99 as the Nasdaq market closed at 4PM today. It opened at $31.37, rose as high as $32.50, and dipped as

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Facebook stock still slipping as investors grow wary

May 23, 2012 by Leave a Comment

by Jesse Brown on Tuesday, May 22, 2012 12:48pm – 0 Comments Facebook is worth less and less to me. No, I didn't buy any stock–I speak only of the site's value to me as a user. It's tanking. Like everyone else on Facebook, I've always been ambivalent

As you probably know by now (unless you live under a rock or something), Facebook CEO Mark Zuckerberg married his college sweetheart Priscilla Chan over the weekend. On Saturday (May 19), just one day after Facebook went public on the stock market,

The company's long-anticipated initial public offering of stock raised $16 billion, valuing the company at $104 billion — more than Amazon.com Inc., at $98 billion. But Facebook's stock has plunged after the IPO. It fell $1.09, or 3.2 percent,

Facebook shares are melting down again on Tuesday, and though the rest of the stock market doesn't seem to care, it should: This episode will likely further cement Main Street's hatred and distrust of Wall Street.

The company's long-anticipated initial public offering of stock raised $16 billion, valuing the company at $104 billion — more than Amazon.com Inc., at $98 billion. But Facebook's stock has plunged after the IPO. It fell $1.09, or 3.2 percent,

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How Facebook's Stock Selloff Nearly Turned Into a Run

May 22, 2012 by Leave a Comment

NEW YORK (AP) – An encouraging report on the housing market helped stocks turn higher on Tuesday while Facebook took another fall. Richard Drew, AP Trader John Vaccarine, right, works on the floor of the New York Stock Exchange in New York,

By Stacy Cowley @CNNMoneyTech May 22, 2012: 6:30 AM ET Facebook included this stock certificate mock-up in its IPO filing, but it no longer plans to issue paper certificates. NEW YORK (CNNMoney) — Facebook investors hoping for a tangible marker of

By Stacy Cowley @CNNMoneyTech May 22, 2012: 6:30 AM ET Facebook included this stock certificate mock-up in its IPO filing, but it no longer plans to issue paper certificates. NEW YORK (CNNMoney) — Facebook investors hoping for a tangible marker of

There are plenty of reasons Facebook's IPO had a disappointing debut on Friday. But new information is emerging on why the stock selloff nearly turned into a run on Monday. It started with an alert sent out Monday morning by Nasdaq OMX Group,

Did U invest in Facebook when it hit the stock market on Friday? If so, you´re probably more than a little disappointed that the stock value immediately plunged by over 11%! Stock in the

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Facebook stock continues to fall in third day of trading

May 22, 2012 by Leave a Comment

By Stacy Cowley @CNNMoneyTech May 22, 2012: 6:30 AM ET Facebook included this stock certificate mock-up in its IPO filing, but it no longer plans to issue paper certificates. NEW YORK (CNNMoney) — Facebook investors hoping for a tangible marker of

Facebook made its eagerly-awaited debut on the stock market last week (not without a few hitches), a move that seemed to excite many people a great.

Investors and technology industry watchers are closely tracking the Menlo Park company's shares. The world's largest social network was one of the most anticipated initial public stock offerings ever, and now serves as a

By Sharon Gaudin Computerworld – In its third day of trading, Facebook's stock is still in a slump, taking the shine off the frenzy that led up to the company's initial public offering (IPO) last week. After closing just slightly above $34 a share on

Investors and technology industry watchers are closely tracking the Menlo Park company's shares. The world's largest social network was one of the most anticipated initial public stock offerings ever, and now serves as a

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Facebook Stock Drops – What Really Goes On In IPO's

May 21, 2012 by Leave a Comment

The trading glitches, coupled with underwhelming investor appetite for Facebook shares on Friday, fueled doubts about Wall Street's ability to handle hot IPOs. Shares of Nasdaq OMX Group slipped 2.5% to $21.45 premarket. Facebook's stock fell below its

By Bloomberg News Daniel Acker/BloombergShares in Facebook, which went on sale Friday, plunged in early trading. US stocks advanced, sending the Standard & Poor's 500 Index up from the lowest level in four months, after China signaled it would support

By Bloomberg News Daniel Acker/BloombergShares in Facebook, which went on sale Friday, plunged in early trading. US stocks advanced, sending the Standard & Poor's 500 Index up from the lowest level in four months, after China signaled it would support

Facebook's stock is sinking nearly 7 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company.

The deal offers Cooper shareholders $72 a share in cash and stock, a 29% premium to its Friday close. Facebook's ($33.72, -$4.51, -11.80%) stock fell below its initial public offering price. Despite much enthusiasm for the company's shares, the stock

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Facebook stock sinks below IPO price

May 21, 2012 by Leave a Comment

By Jeremy C. Owens jowens@mercurynews.com Facebook stock fell as much as 8 percent below the price it sold for in the company's record-breaking initial public offering in the first minutes of trading Monday, the second day of public trading for the

By Jeremy C. Owens Facebook stock fell as much as 8 percent below the price it sold for in the company's record-breaking initial public offering in the first minutes of trading Monday, the second day of public trading for the world's most popular

By Jeremy C. Owens Facebook stock fell as much as 8 percent below the price it sold for in the company's record-breaking initial public offering in the first minutes of trading Monday, the second day of public trading for the world's most popular

The Facebook IPOcalypse continues, free falling first, now barely recovering. We don't know if it's going to be the most successful opening IPO in history but, right now, it seems they may have broken the record for the fastest

By BARBARA ORTUTAY (AP) NEW YORK – In the hours before Facebook's stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company's 3500 employees not to get caught up in the hoopla surrounding its

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Facebook stock debut isn't as friendly as expected

May 19, 2012 by Leave a Comment

Basically, DataSift notes, every time the volume of negative chatter on Twitter increased, Facebook's stock price dropped within 20 minutes. “So if people had traded based on signals today to buy/sell Facebook stock,” the

People were chatting about the initial public offering of stock. The word was out, especially on Twitter and Facebook. As some Merrimack Valley residents dreamed about buying the stock and becoming rich, others said it was a risky investment venture.

Josh Constine is a technology journalist who specializes in deep analysis of social products. He is currently a writer for TechCrunch. Previously, Constine was the Lead Writer of Inside Facebook, where he covered Facebook

The Facebook IPOcalypse continues, free falling first, now barely recovering. We don't know if it's going to be the most successful opening IPO in history but, right now, it seems they may have broken the record for the fastest

Facebook shares are trading publicly for the first time ever today, and so far, we're seeing small fluctuations in share price. As of 11:30 Eastern time, trading had commenced at $42. Throughout the mornings, shares traded

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Facebook IPO falls short of the hype

May 19, 2012 by Leave a Comment

“Facebook's IPO is symbolic of America's ability to re- ignite itself,” said Lawrence Creatura, who helps oversee $363.6 billion as a Rochester, New York-based fund manager at Federated Investors Inc. “It's bigger than just a financial event.

Download Podcast | iTunes | Podcast Feed On today's edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to.

Shares of Facebook traded as high as $45, near the price of $50 that would keep many retail investors from placing a typical "round lot" order of 100 shares, because the total cost will be $5000 – considered a threshold for many investors.

Beijing-based Renren tumbled 21 percent, the most since its IPO a year ago, to $4.95 at 3:48 pm in New York. Before today, the shares had gained 76 percent this year on speculation the Facebook IPO may prompt investors to put a higher valuation on

(Shih is the author of "The Facebook Era" and now helps big companies reach customers via social networks.) Bill Gurley, Benchmark Capital: "I'd call this picture-perfect IPO execution — perhaps the best we've ever seen. The board and underwriters did

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Facebook sets bar high for huge IPO

May 18, 2012 by Leave a Comment

Facebook goes public tomorrow. It could be worth well over $100 billion dollars. Want to get a piece of that? It's going to be very tricky for mere mortals to get Facebook stock in the IPO. If you want shares, here's what you have

Here's the story: Angel investor and all-around web magnate Chris Sacca wrote a quick tweet early yesterday about how it'd be cool if there was a website where people could predict where Facebook's stock will end up at the

Here's the story: Angel investor and all-around web magnate Chris Sacca wrote a quick tweet early yesterday about how it'd be cool if there was a website where people could predict where Facebook's stock will end up at the

Here's the story: Angel investor and all-around web magnate Chris Sacca wrote a quick tweet early yesterday about how it'd be cool if there was a website where people could predict where Facebook's stock will end up at the end of its first day as a

The world's definitive online social network said Thursday that it raised $16 billion for itself and its early investors in an initial public stock offering that values Facebook at $104 billion. That's more than Amazon.com and other well-known

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