Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon.
Facebook begins selling stock to the public Friday in the most talked-about market debut in years. Two Associated Press business writers are debating whether the stock is a smart buy.
Despite the explosive innovation around digital picture-taking, the end result has actually changed very little. A photo is still a photo. And a poorly focused photo is still as bad as ever. Ren Ng aims to fix that.
White House Replaces Cybersecurity Chief
President Obama has picked a new cybersecurity officer amid furious debate between the White House and both chambers of Congress around the future of American cyber defense, the White House announced on Thursday.
Reports: HP poised to eliminate up to 30,000 jobs
Hewlett-Packard is poised to eliminate as many as 30,000 jobs to compensate for dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets, according to reports published Thursday.
HTC modifies One X for U.S. market; Best Buy forced to delay sales
Patent infringement lawsuits have become a permeating characteristic of the mobile industry these days, particularly with Apple?s watchful eye over rivals? hardware and software implementations. The latest to fall under Apple?s ire is HTC, whose shipments of the HTC One X and EVO 4G LTE were seized by U.S. Customs to ensure they don?t violate an injunction on behalf of Apple.
Sector Snap: Social Media stocks tumble
Shares of social media companies tumbled Friday after Facebook made a lackluster stock-market debut amid reports of a slew technical trading glitches.
Facebook's IPO averts questions over "odd lots"
NEW YORK (Reuters) - Facebook Inc's modest debut on Friday may have averted a potential headache for the company and regulators, and kept at bay a debate over the role of "odd lots" in the marketplace. Shares of Facebook traded as high as $45.00, 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 $50,000 - considered a threshold for many investors. An order for less than 100 shares is called an odd lot. ...
Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon.
Nasdaq shares fall after Facebook trading delay
Nasdaq OMX Group Inc.'s shares fell following an unexpected delay and possible trading problems in the market debut of Facebook Inc., which went public on the Nasdaq in one of the biggest IPOs ever Friday.
SAN FRANCISCO (Reuters) - Facebook Inc shares rose less than expected on their first day of trade on Friday and huge order volume caused technical problems that marred the coming out party of the No. 1 online social network. Its shares were up 8 percent in early afternoon trading on the Nasdaq, after opening 11 percent higher and then rapidly heading south to touch their initial public offering price of $38. The gains were below market forecasts of as much as a 50 percent jump. ...
Without Steve Jobs here to defend himself, we're seeing a lot of talk about the visionary's last wishes -- the final visions in that brain that the Apple founder never saw to completion. The man was a genius, so it's no surprise he had a lot of ideas bouncing around in there. But even if he may have said some off handed things for ideas, as any creative-type knows, a lot of brainchildren are never born. Let's take a look at how Steve Jobs' last wishes are coming along.
Tale of the tape: Google versus Facebook
Facebook is the hottest Internet company to hit the stock market since Google went public in 2004. The Silicon Valley companies, located seven miles apart, also happen to be locked in a bitter battle for Web surfers' allegiance and online advertisers' money. The duel is likely to intensify now that the IPO has given Facebook Inc.'s social network billions of dollars to battle Google Inc.'s dominant search engine.
Facebook begins selling stock to the public Friday in the most talked-about market debut in years. Two Associated Press business writers are debating whether the stock is a smart buy.
Ex-Yahoo CEO Thompson leaves F5 Networks' board
(Reuters) - Networking gear maker F5 Networks said former Yahoo Inc CEO Scott Thompson has resigned from its board of directors, effective immediately. Thompson stepped down as Yahoo chief last week, 10 days after activist investor Daniel Loeb accused him of padding his biography by faking a computer science degree. Yahoo did confirm Loeb's allegations, calling the discrepancy in the education records an "inadvertent error." F5 did not cite a reason for Thompson's exit. He had been an independent director on F5's board for 4 years. ...
Facebook is about to find out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street, with CEO Mark Zuckerberg ringing the Nasdaq Stock Market opening bell Friday morning from company headquarters a continent away.
Facebook IPO: Will You Still Love it Tomorrow?
COMMENTARY | The last and final stage of Facebook nirvana is to be Mark Zuckerberg on the day of the multi-billion dollar Facebook IPO. I've reached the penultimate stage of Facebook nirvana. I deactivated my account two years ago and deleted it one year ago.
Highlighting the Positives of Facebook in a Sea of Negative Publicity
COMMENTARY | As Facebook opens for public trading, it has thrust the website into media spotlight once again. This means that articles, such as one about people who brush off the popular social media site from the Associated Press, like to push the negative side of the site into focus. But that isn't all! In my regular scan of headlines, I caught another article about embarrassing Facebook apps and yet another about how criminals can use Facebook to victimize you.
(Reuters) - Yahoo Inc shares rose as much as 6.7 percent on Friday after a report that it was close to selling part of its valuable stake in the Alibaba Group. Shares of Yahoo climbed as high as $15.87 before easing to $15.64, up 5.2 percent. Yahoo and Alibaba Group, the Chinese Internet group that runs e-commerce site Alibaba.com, are close to an agreement that could happen as soon as Monday, according to a report in All Things D, citing unnamed sources.. Yahoo would sell one-half of its 40 percent stake back to Alibaba. ...
Biographical info on Mark Zuckerberg, Facebook CEO
Mark Zuckerberg is selling 30.2 million shares as part of Facebook Inc.'s initial public offering of stock. With shares priced at $38 each, he's receiving $1.15 billion.
The spending culture at Facebook, just as we suspected, adds more evidence that this is a seflish social media bubble, which has kept its money relatively contained -- for good and ill -- to the tech world. Facebook millionaires don't spend like other millionaires, as The New York Times's Somini Sengupta reports in her write-up of the "Reticient Rich." Taking a look at the wealth Facebook has created, Sengupta describes a culture that derides conspicuous consumption. ...
White House Replaces Cybersecurity Chief
President Obama has picked a new cybersecurity officer amid furious debate between the White House and both chambers of Congress around the future of American cyber defense, the White House announced on Thursday.
Zuckerberg describes 'The Hacker Way' at Facebook
To CEO Mark Zuckerberg, Facebook has a social mission to make the world more open and connected. He made the company's thinking known in its regulatory filing for an initial public offering of stock. In a letter to potential investors, Zuckerberg also discussed Facebook Inc.'s approach to culture and management:
"Mark Zuckerberg listed a company on NASDAQ. ? with Chris Cox and 4 others," reads the Facebook founder's Timeline. Har. Har. Of course he would. (In case you forgot what today was.) If you want to keep up with the goings on, head on over to the NASDAQ livestream. Updating your Facebook with a snarky counter status is totally optional.
CEO Zuckerberg outlines Facebook's 5 core values
Facebook CEO Mark Zuckerberg outlined five core values for Facebook in a letter to potential investors. The letter appeared in regulatory filings that Facebook Inc. first submitted in February for its initial public offering of stock.
NBA Player, Wife Receive Twitter Death Threat After Missed Shot
NBA player Steve Blake and his wife have received a stream of hate -- including at least one death threat -- from fans via Twitter after the Lakers guard missed a crucial shot in an important playoff game.
