Posts tagged: facebook
Facebook’s record-breaking IPO put into perspective
Facebook made its initial public offering last Friday and while it didn’t go as smoothly as many had hoped, the offering was still the largest of its kind. Facebook stock began trading at $42 on Friday before closing just above $38, the IPO price set by bankers the night before. The ...
Less than 2% ‘Like’ mobile carriers despite millions spent on Facebook campaigns
Less than 2% of mobile carriers’ subscribers “Like” them on Facebook despite the millions of dollars they collectively spend in an effort to promote their services on the world’s most popular social network. Facebook made its initial public offering on Friday and while the company’s stock price dipped below the ...
Ubisoft’s Ghost Recon comes to Facebook [video]
Facebook, the world’s largest social networking site, is filled with a large selection of social and casual games, such as Draw Something, Words With Friends and FarmVille. While the topic of Facebook gaming is widely discussed, there isn’t much there in the way of titles that would attract the hardcore ...
Facebook hit with $15 billion privacy suit on IPO day
Facebook is officially a public company as of Friday morning shortly after 11:00 a.m. Eastern Time, and what better way to celebrate the milestone than with a fresh privacy lawsuit? Led by Stewarts Law and Bartimus, Frickleton, Robertson & Gorny, a class action lawsuit has been filed in San Jose, California alleging ...
Nearly half of Facebook users will never click ads
The effectiveness of Facebook’s advertising was called into question earlier this week when General Motors confirmed that it would be pulling the $10 million the company spends annually on Facebook ads because they are not delivering results. Now, just one day before Facebook’s initial public offering, a study conducted by ...
Facebook prices IPO at $38, valuation set at $104 billion
Facebook on Thursday set the share price for its initial public offering at $38. Shares of Facebook will begin trading on the NASDAQ exchange after the opening bell on Friday, and the social networking giant could raise as much as $16 billion. The offering will be the largest ever Internet ...
How much are you worth to Facebook?
Facebook is just days away from one of the largest initial public offerings of all time. The social networking site is looking to raise more than $16 billion dollars at a valuation in the $100 billion price range. Facebook is worth a lot of money, and a company called Abine has created ...
Facebook 3.1.0.9 Now Available for Download in BlackBerry Beta Zone
As promised, last month Research In Motion delivered an official Facebook application for BlackBerry devices, which features BBM integration. Currently, BlackBerry users can download Facebook 3.0 through App World, while those who signed up for a BlackBerry Beta Zone account have access to newer versions, which are... (read more)
Facebook increases IPO size by 25%
Just two days before its initial public offering, Facebook has increased the number of shares it will offer by 25%. The social networking giant will now offer 421 million shares to investors, 83.8 million shares more than it had originally planned to make available. Facebook is looking to price its ...
Facebook amends offering, seeks $93 billion to $104 billion valuation for IPO
Facebook on Tuesday raised its initial public offering price target range to between $34 and $38 per share in response to strong demand, an increase from $28 to $35, according to a new filing with the United States Securities and Exchange Commission. The new price range pushes the social networking ...
General Motors to stop advertising on Facebook
General Motors, the world’s largest automaker and third biggest advertiser in the U.S., plans to stop advertising on Facebook, The Wall Street Journal reported on Tuesday. After meeting with Facebook managers to address concerns, the company’s marketing executives were left unconvinced of the effectiveness of the site’s advertising methods, claiming ...