Bill Gurley, Benchmark general partner, explains why he supports Uber's new pricing model. Surge pricing is something that has to happen when demand outstrips supply, but it's not something the company wants to happen, says Gurley.» Read More
*Facebook off on plan to offer shares; results lift Oracle. NEW YORK, Dec 19- The Dow and the S&P 500 barely budged on Thursday as investors paused after a strong rally in the previous session that drove both indexes to record closing highs.
*Facebook to offer 70 mln shares, stock drops. *Target cyber breach hits 40 mln payment cards; stock falls.
This is a very good deal for investors, says Youssef Squali, Cantor Fitzgerald, sharing his thoughts on the social media company's secondary offering of 70 million shares, most of which are being sold by CEO Mark Zuckerberg.
*Facebook to offer 70 mln shares, stock drops. NEW YORK, Dec 19- U.S. stocks were set to open lower Thursday following data showing a rise in jobless claims, having hit record highs a day earlier after the Federal Reserve said the economy was strong enough for it to begin paring its massive stimulus.
*Facebook to offer 70 mln shares, stock drops. *The Labor Department releases first-time claims for jobless benefits for the week ended Dec. 14 at 8:30 a.m. EST.
Dec 19- Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares. Facebook shares, which have doubled in value this year, were down 4 percent at $53.54 before the bell.
NEW YORK, Dec 18- A federal judge said Facebook Inc, Chief Executive Mark Zuckerberg and dozens of banks must face a lawsuit accusing the social media company of misleading investors about its financial health before its $16 billion initial public offering last year.
NEW YORK, Dec 18- A federal judge said Facebook Inc, Chief Executive Mark Zuckerberg and dozens of banks must face a lawsuit accusing the social media company of misleading investors about its financial condition before its $16 billion initial public offering last year.
NEW YORK, Dec 16- A federal judge has rejected Nasdaq OMX Group Inc's bid to dismiss lawsuits by investors who accused the exchange operator of botching Facebook Inc's $16 billion initial public offering, a decision released on Monday shows.
NEW YORK, Dec 11- A fund established to offer investors exposure to Bitcoin is holding around $65 million in the digital currency after two months in operation, its creator, SecondMarket Chief Executive Officer Barry Silbert, said on Wednesday.
Nov 8- As Twitter Inc's chief financial officer planned the company's initial public offering this year, he had one overriding goal: to avoid becoming the next Facebook Inc..
SAN FRANCISCO, Nov 7- Twitter Inc's initial public offering marks something of a coming out party for San Francisco as a technology capital, giving the city a home-grown success story to rival those of Silicon Valley to the south.
Randi Zuckerberg, sister of Facebook founder Mark Zuckerberg, says video is the No. 1 thing social media consumers want.
The report by the Pew Research Center in collaboration with the John S. and James L. Knight Foundation was released on Monday. The results are based on a the survey of more than 5,000 U.S. adults including Twitter and Facebook users.
Ruby Karp, Mashable op-ed writer, foresaw Facebook's teen troubles months before the social media giant's CFO confirmed the trend. The 13-year old middle school student says there are many new apps like Instagram and SnapChat; Facebook is old. She also says TV has lost her attention, and watches most shows from Netflix.
NEW YORK, Oct 30- During the roadshow leading up to Facebook Inc's initial public offering a year-and-a-half ago, New York's institutional investors were greeted by snaking queues, beefed up police presence, and a media feeding frenzy.
NEW YORK, Oct 30- Institutional investors who met with Twitter Inc this week say they are optimistic about its initial public offering and see little sign of the irrational exuberance that preceded Facebook Inc's splashy coming-out party in 2012..
Oct 30- Institutional investors who met with Twitter Inc this week say they are optimistic about its initial public offering and see little sign of the irrational exuberance that preceded Facebook Inc's splashy coming-out party in 2012..
Analysts expect the company to increase its revenue 51 percent to $1.91 billion, while its earnings-per-share are projected to grow 54 percent to 18 cents.
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