Tag Archives: Facebook
Facebook Offering Extra 50.6 Million Shares
Facebook has filed an amendment to their S-1. The company is going to sell 50.6 million additional shares at a public offering price of between $34 and $38 per share. Facebook plans to trade on the NASDAQ under the ticker symbol “FB.”
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Categories Facebook
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Facebook To End IPO Orders Tomorrow
Facebook will stop taking orders for their IPO tomorrow, which is two days ahead of schedule. Facebook will likely stop taking orders for the IPO after the U.S. markets close on May 15th said a source with Bloomberg. Facebook is offering 337.4 million shares at $28 to $35 per share.
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Categories Facebook, Jon Merriman, Mark Zuckerberg, Merriman Holdings
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Mark Zuckerberg’s Lawyers Watched From Afar As Instagram Deal Was Being Negotiated
When Mark Zuckerberg decided that he wanted to buy Instagram, he had Instagram CEO Kevin Systrom come to his $7 million Palo Alto home to negotiate. Lawyers and bankers were not consulted during the deal, but they were present and were watching from afar. The New York Times wrote a riveting article today about how Facebook turned down an offer from Yahoo! and continue to grow.
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Categories Facebook, Mark Zuckerberg
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Facebook Changes Privacy Policy To Comply With Data Protection
Last year a group of European college students had raised a question about what Facebook does with all of the words, pictures, and clicks that they track from their 901 million users. “We’re adding more examples and detailed explanations to help you understand our policies,” stated Facebook chief privacy officer Erin Egan. Egan is also hosting a video Q&A on May 14th.
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Categories Erin Egan, Facebook
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Eduardo Saverin Renounces U.S. Citizenship Days Before Facebook IPO
Facebook co-founder Eduardo Saverin is known for having his shares in the company diluted initially. After a lawsuit against Mark Zuckerberg, Saverin now owns roughly 4% of Facebook and he has just renounced his U.S. citizenship just days before the company is going to have an IPO.
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Categories Eduardo Saverin, Facebook, Reuven Avi-Yonah, Tom Goodman
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Rumor: Facebook’s IPO Is Oversubscribed
According to sources with Reuters, Facebook’s IPO is already oversubscribed. Facebook is expected to have their IPO sometime next week. The company has been on an investor roadshow throughout this week. Institutional investors have indicated that there is more demand for shares than what Facebook has available.
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Categories Facebook
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Facebook Groups Now Has File Sharing
Facebook has announced that people within Groups now have the ability to send files to each other. This update will have a gradual roll-out. If you do not have access to it yet, you will get it soon. Last month, Facebook Groups for Schools launched and file-sharing was a part of the service. You need a .edu address to use Facebook Groups for School.
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Categories Drop.io, Facebook
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Facebook Launches App Center To Find Social Apps
Facebook has announced a central location to find social apps that are link to the social network called App Center. App Center gives developers a way to grow their apps. Soon people will be able to access the App Center on the web, iOS, and Android. All canvas, mobile, and web apps that follow the guidelines can be listed on the App Center.
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Categories Facebook
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Some Facebook Social Readers Start Dropping Rapidly
Some Facebook Social Readers are dropping at a rapid pace. Publications such as The Guardian UK and The Washington Post are seeing their social readers drop in traffic at a rapid pace because users are abandoning the tools. The Washington Post grew their social reader to almost 18 million users last month, but now they are at 9.2 million.
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Categories Facebook, Guardian Media Group, The Washington Post
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Paul Ceglia Has Two Weeks To Pay Facebook Lawyers
Paul Ceglia filed a lawsuit against Facebook in July 2010 claiming that he owned 84% of the social network. After almost two years of going back-and-forth in court, Ceglia has been ordered to pay Facebook’s lawyers another $16,851 bringing his total sanctions to $97,617.70. He was previously ordered to pay Facebook’s lawyers $75,766.70 and $5,000 to the court. Ceglia has two weeks to pay the sanctions or show U.S. Magistrate Judge Leslie Foschio why he cannot pay by showing bank accounts, tax returns, and other financial documents. His failure to comply may also result in the lawsuit’s dismissal, which is what Facebook is hoping for.
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Categories Facebook, Mark Zuckerberg, Paul Ceglia
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