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Zuckerberg's Hoodie: Gleeful Snub to Wall Street?

Dustin Lushing — Wed, 09 May 2012 14:48:38 CDT

On the first day of Facebook's IPO roadshow yesterday, Mark Zuckerberg showed up to a meeting with potential investors wearing a hoodie—a wardrobe choice that one Wall Street analyst says is a glaring "mark of immaturity," reports Bloomberg . "He’s actually showing investors he doesn’t care that much," said Michael...

Facebook Employees Dreaming of IPO Christmas

Dustin Lushing — Fri, 18 Nov 2011 17:41:36 CST

Here come the Facebook IPO rumors again. An insider tells Business Insider that employees expect the company to go public soon, possibly next month. "The IPO talk inside Facebook has ramped up the past 6 weeks and Zuckerberg repeatedly has said that it is 'coming,' which he *never* said...

Stocks Open Down on Gloomy Germany News

Kate Schwartz — Tue, 16 Aug 2011 08:50:28 CDT

Germany is bringing everyone down with it this morning: Stocks opened lower at the bell on news that Germany's GDP grew just 0.1% in Q2, sharply down from estimates of 0.5%. The Dow is down 105 points to 11,378, and the Nasdaq and S&P 500 fell 33...

Battered Dow Ends Down 635

Polly Davis Doig — Mon, 08 Aug 2011 15:14:22 CDT

The Dow Jones plummeted under 11,000 today, dropping 635 points as the United States' downgraded credit rating punished the markets. The drubbing took the Dow down 5.55% to 10,810, reports MarketWatch . The Nasdaq and S&P 500 bled more, shedding 6.90% and 6.66% respectively.

Facebook Fires Manager Over Insider Trading

John Johnson — Fri, 01 Apr 2011 14:30:05 CDT

Facebook gave one of its managers the boot after he violated company policy on insider trading, reports TechCrunch . Former corporate development manager Michael Brown bought company stock in the burgeoning secondary trading market, sources tell the site. Because Facebook is a private company, he apparently didn't violate any federal laws,...

SEC Investigates Jim Cramer's Website

John Johnson — Thu, 18 Mar 2010 11:08:00 CDT

The SEC is investigating The Street.com —the website co-founded by CNBC host and Jon Stewart target Jim Cramer—over some questionable accounting regarding a former subsidiary. The agency wants to examine how the website recorded revenue for Promotions.com, a marketing company it acquired in 2007 and sold last...

So Much for 'Tough' Reform: Insurance Stocks Soaring

Kevin Spak — Tue, 22 Dec 2009 11:33:35 CST

Barack Obama praised the Senate yesterday for “standing up to the special interests who prevented reform for decades,” which seems pretty laughable, given that health care stocks soared on the news. Evan Bayh’s wife, for example, has made up to $250,000 over the last six weeks as her employee...

Ignore Dubai at Your Own Peril

Emily Rauhala — Fri, 04 Dec 2009 10:08:14 CST

The Dubai disaster should have been a wake up call. But investors, seduced by an "extraordinarily precarious" recovery, basically ignored it and kept busy building yet another bubble, writes Sebastian Mallaby in the Washington Post . Even if Dubai, with its artificial island and indoor ski resort, is an extreme case...

Facebook Edges Closer to Going Public

Nick McMaster — Tue, 24 Nov 2009 15:54:49 CST

Facebook revamped its stock structure today in a move sure to heat up speculation that it's going public. The company will have two classes of shares, A and B, reports the Wall Street Journal . Everyone currently on board will hold B shares, with 10 times the voting power of A...