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 …
Can a Car Cost $95K and Still Be Considered a ‘Best Value’?
By all accounts, Porsche makes some pretty amazing automobiles. But do cars that sell for $80K and $95K belong on a list naming the best values for consumers?
McDonald’s Drops ‘Pink Slime’ From Hamburger Meat
For years, the world’s leading fast-food chain used a “pink slime” as beef filler for its burgers in the U.S. After a campaign by celebrity chef Jamie Oliver, McDonald’s has abandoned the goo.
Percentage of Americans Who Say It’s OK to Cheat ‘As Much as Possible’ on Taxes Has Doubled
The vast majority of citizens feel that it’s never OK under any circumstances to cheat on your income taxes. But, in a survey conducted last year by the IRS, the percentage of people thought it was acceptable to cheat “as much as …
A ‘Refundable’ Tax Credit That Many Overlook
Americans will miss out on millions of refund dollars this tax season, as they do every year, simply because they fail to claim the Earned Income Tax Credit. This credit has been around since 1975, when it was installed to help families of low and moderate wage earners offset the burden of Social Security taxes. Over the years, it has …
5 Ways Young People Can Bounce Back From Economic Setbacks
It’s hard to become the leaders of tomorrow without jobs today. The International Labor Organization estimates that around the world, there are nearly 75 million unemployed youth — a new “Lost Generation,” in the words of …
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 …
The Business of Super Bowl XLVI, By the Numbers
The Super Bowl is a big game for NFL fans and players, and it’s arguably an even bigger day for business interests surrounding the event. Here’s a look at some of the stats that have nothing whatsoever to do with what happens on …
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 …