It’s good to be friends with Facebook. Zynga, the online video game company, saw its stock soar nearly 20% Thursday after Facebook disclosed that it made 12% of its revenue off the company last year. The social networking giant, …
Technology & Media
New Sony CEO Faces Historic Losses and Global Challenges
Sony Corp. announced grim projections for the fiscal year on Thursday in Tokyo, reporting $1.2 billion in operating losses for the third quarter and a projected $2.9 billion loss for the year. The bleak figures highlight the …
Why Facebook’s IPO Matters
Facebook’s initial public offering later this spring will create a billion-dollar windfall for its founders and early investors, so it’s easy to be cynical and view the IPO as another example of insiders cashing in on the latest …
Social Windfall: Facebook IPO’s Winners
Social networking giant Facebook filed IPO documents with the Securities and Exchange Commission on Wednesday. Although the company said it aims to raise $5 billion, that number could rise as high as $10 billion, depending on …
Facebook by the Numbers: IPO Filing Highlights
Facebook’s S-1 IPO filling with the Securities and Exchange Commission is the first step toward becoming a public company — and the first time that public market investors have been able to scrutinize the company’s books. …
Read Facebook CEO Mark Zuckerberg’s IPO Letter
Social networking giant Facebook filed IPO documents with the Securities and Exchange Commission on Wednesday. Here is CEO Mark Zuckerberg’s letter to prospective shareholders.
With IPO, Facebook’s Valuation Could Reach $100 Billion
After months of increasingly frenzied speculation, social networking juggernaut Facebook filed IPO registration documents Wednesday with the Securities and Exchange Commission. Although the company said it aims $5 billion, that number could rise as high as $10 billion, depending on investor demand. Facebook’s public debut, which caps a …
Is Google In Danger of Being Shut Out of the Changing Internet?
This article was updated on February 1, 2012 at at 11:00 am.
The upcoming IPO of Facebook, the flak surrounding Twitter’s decision to censor some tweets, and Google’s weaker-than-expected 4th-quarter earnings all point to …
Amazon Shares Plunge After Results Disappoint Wall Street
Online e-commerce giant Amazon continues to grow rapidly, but the company’s increasing expenses are taking a bite out of its profit. On Tuesday, the company reported fourth-quarter earnings results that missed Wall Street …
Facebook Set to File For $5 Billion IPO Wednesday: Report
Social networking giant Facebook is expected to file documents for its long-awaited initial public offering on Wednesday morning, according to a new report by International Financing Review, a Thomson Reuters publication. IFR …
Tech Boom: Andreessen Horowitz Raises $1.5 Billion VC Fund
Andreessen Horowitz, the venture capital firm run by Netscape co-founder Marc Andreessen and his partner Ben Horowitz, is fast becoming one of the most influential forces in Silicon Valley. On Tuesday, the firm announced that it …
Facebook Is Responsible for Creating 450,000 Jobs? Really?!
As Facebook prepares to file its IPO documents with the U.S. Securities and Exchange Commission — as soon as Wednesday, according to recent reports — the company is trying to make the argument that it adds more to the economy …