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Facebook insiders can sell stock as ‘lock-up’ ends
MENLO PARK, Calif. — Facebook’s early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, one that will give many Facebook employees the same right to sell their shares this fall. It’s […]
Status update: Facebook to go public, raise $5B
NEW YORK — Facebook made a much-anticipated status update Wednesday: The Internet social network is going public eight years after its computer-hacking CEO Mark Zuckerberg started the service at Harvard University. That means anyone with the right amount of cash will be able to own part of a Silicon Valley icon that quickly transformed from […]
Zynga plans to raise up to $1.15B in IPO
NEW YORK — Hoping to harvest some fresh cash, the online game company behind “FarmVille” said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares. Zynga Inc. is the latest in a spate of IPOs by Internet companies this year, ranging from professional networking service […]
Facebook’s impact on U.S. economy
Faculty members of the Robert H. Smith School of Business at the University of Maryland, College Park have for the first time been able to quantify that the combination of Facebook and mobile technology applications has added at least 182,000 new jobs and contributed more than $12.19 billion in wages and benefits to the U.S. […]
‘FarmVille’ creator Zynga to go public
NEW YORK — Zynga, the online game maker behind “FarmVille” and other popular Facebook pastimes, is going public. Based on papers filed on Friday, Zynga Inc. hopes to raise up to $1 billion in an initial public offering. This amount will likely change. That’s because its bankers will now determine how many shares should be […]
Pandora shares soar in first day of trading
SAN FRANCISCO — Internet radio station Pandora Media’s IPO struck the right chord with investors Wednesday despite the static in the overall stock market. Pandora’s stock surged by as much 63 percent in their market debut before pulling back later in the session. The shares closed at $17.42, still a decent gain amid the market’s […]
