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Facebook Stock Plummets

Kevin Spak — Mon, 21 May 2012 09:52:00 CDT

Facebook's underwriters pulled off the training wheels today, and the infant stock fell—hard. After a lackluster first day on the market, Facebook shares fell some 12% in the first minute of trading this morning, Reuters reports, dropping below the $38 IPO price to $33.67, where it continues to...

Keep Track of Zuck's Wealth—in Real Time

Matt Cantor — Fri, 18 May 2012 12:27:05 CDT

Just how rich is Mark Zuckerberg? The answer is changing rapidly, but the Wall Street Journal will keep you posted. Facebook's IPO has helped make Zuck one of the world's richest people. Of course, his wealth is shifting along with the stock price—so the Journal is providing a real-time...

Facebook's First Trades: Shares Climb, Cool Off

Matt Cantor — Fri, 18 May 2012 11:44:01 CDT

Facebook has seen a mixed start to its IPO: Initially priced at $38 each , shares in the company quickly jumped about 11%, opening at $42. But things cooled off, and at one point in the first half-hour, shares were back down to about $38, notes the Wall Street Journal . They...

Facebook's IPO Day Is Here —and Nasdaq Braces Itself

Kevin Spak — Fri, 18 May 2012 07:58:22 CDT

Facebook shares will go on sale at long last today, in the biggest tech IPO in US history—and Nasdaq is desperate to make sure nothing goes wrong. Facebook has set an initial price of $38 per share, meaning it will make some $16 billion on the sale. Trading will...

Facebook IPO Settled: $38 Per Share

Matt Cantor — Thu, 17 May 2012 15:24:31 CDT

The endless guessing is over: Facebook shares will go at $38 apiece tomorrow, putting the total valuation at $104 billion, the highest ever for US company at its IPO, reports the Wall Street Journal . That's on the high end of the site's predicted pricing, even after it hiked the price...

Facebook Kicking Off IPO With All-Night Hackathon

Evann Gastaldo — Thu, 17 May 2012 07:29:47 CDT

Facebook is holding an all-nighter tonight, in advance of tomorrow’s IPO and its first day as a public company. The company will hold a "hackathon," a long-standing tradition involving employees working quickly on whatever they want, which has produced products including Facebook chat. It will culminate tomorrow morning with Mark...

Facebook Co-Founder Gives Up US Citizenship

Dustin Lushing — Fri, 11 May 2012 15:00:46 CDT

One of the billionaire co-founders of Facebook has renounced his US citizenship in a bid to slash his tax bill ahead of the gigantic IPO. Eduardo Saverin, 30, owns about 4% of the social network—a chunk that could be worth as much as $3.84 billion, reports Bloomberg . “Eduardo...

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's IPO Roadshow Off to a Frustrating Start

Kate Schwartz — Tue, 08 May 2012 06:54:35 CDT

Facebook kicked off its IPO roadshow yesterday, and while some elements of day one were perfectly predictable—Mark Zuckerberg showed up in a hoodie and sneakers—others were a little more frustrating. Things began an hour behind schedule, Zuckerberg showed up late to the Q&A ( CNBC's explanation: He was...