Pundits are arguing that trendy social media companies are diverting capital from more serious, productive ventures.
More and more people are finding jobs via Twitter, Facebook, and other social media sites. These media aren’t changing how we look for jobs, they are simply rebooting the traditional habits of successful job hunters and making them easier. To boost your job search:
Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth from investors. The lawsuits come amid a growing furor about whether Facebook’s banks selectively disclosed information that gave favored clients an unfair [...]
Facebook’s Wall Street investment banks warned top clients of new doubts about the social network’s financial prospects just days before the company’s IPO, according to a series of reports that emerged Tuesday.
Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst’s negative report about the company before the stock started trading.
Although the Facebook IPO was a big success for Facebook and its early investors and insiders — who sold $9 billion worth of shares they’d acquired at lower prices — the offering was a disappointment for many investors who clambered to get a piece of the most-hyped IPO in nearly a decade.
(NEW YORK) — Forget Facebook. This is still Apple‘s stock market. Apple — the world’s most valuable company — climbed nearly 6 percent on Monday, helping propel major U.S. stock indexes to gains after a week of losses. The Standard & Poor’s 500, where Apple accounts for 4 percent of the index, enjoyed its best [...]
Facebook’s public debut — the largest tech IPO in history — performed below expectations Friday, jumping 13% to hit $43 just minutes after trading began, only to retreat quickly to the initial offering price of $38. At that point, the IPO underwriters, including the largest banks on Wall Street, stepped in and waged a buying-battle to support [...]
Eight years after launching Facebook in a Harvard dorm room, Mark Zuckerberg is about to pull off one of the most valuable stock offerings in U.S. history — and the largest ever in tech — making him one of the world’s richest men, worth nearly $20 billion. Thousands of employees and early investors will reap [...]
The Mouse is in the house. Shares of venerable entertainment icon Disney hit an all-time high Wednesday, powered by strong performance from its theme parks and cable networks, as well as red-hot buzz from The Avengers, which shattered box office records with a $200 million haul over the weekend. Disney, which distributed the film, promptly [...]
