Alibaba's IPO will unleash a flood of wealth for Jack Ma and Joseph Tsai, but unlike some other tech IPOs, the big money isn't being spread around the company.» Read More
4. Afterlight, Afterlight Collective, Inc. 9. SpongeBob Moves In, Nickelodeon. 1. Facebook Messenger, Facebook, Inc..
Apple Inc. fell. 4 percent to $97.99 with 187,221,000 shares traded. eBay Inc. fell 2.8 percent to $52.73 with 19,956,900 shares traded. Facebook Inc. fell 1.6 percent to $76.67 with 28,262,300 shares traded.
Facebook, the No. 1 social networking company, now can brag it’s one of the few companies worth $200 billion or more, USA Today reports.
Alibaba founder Jack Ma surprised potential investors at an event in New York by addressing governance concerns over the Chinese e-commerce giant.
Evan Niu, Contributing Technology Analyst at Motley Fool, says Facebook shares are worth its premium valuations after the firm's strong comeback in the mobile sector.
Sept 8- Alibaba Group Holding Ltd founder Jack Ma on Monday surprised potential investors at a standing-room only event in New York by addressing governance concerns over the Chinese e-commerce giant, including a controversial 2010 spin-off of its online payment service.
Sept 8- Alibaba Group Holding Ltd founder Jack Ma on Monday gave potential investors little new information about his Chinese e-commerce giant, but surprised them by addressing governance concerns, including a controversial 2010 spin-off of its online payment service.
Companies making headlines after the bell Monday:
Facebook said it hit 100 million monthly active users in Africa, providing a glimpse into its strategy to scale in fast-growing markets.
Sept 8- Hundreds of hedge funds, mutual funds and other institutional investors lined up on Monday to hear Alibaba Group Holding Ltd's management pitch the company's shares, as the Chinese e-commerce giant kicked off a two-week IPO marketing blitz.
Apple Inc. fell. 6 percent to $98.36 with 45,136,300 shares traded. Facebook Inc. rose. 8 percent to $77.89 with 27,651,100 shares traded. Groupon Inc. fell 1.5 percent to $6.72 with 17,330,000 shares traded.
Between Apple's big product unveiling, carrier pricing battles, and potential M&A in the works, the stakes are high for the wireless industry.
With Alibaba's massive initial public offering coming down the pike, the company's own global ambitions are becoming more apparent.
Alibaba is seeking to raise more than $21 billion in an initial public offering that will value the company at up to $163 billion and rank as the largest-ever technology debut in the United States.
With Alibaba finally setting a date for its IPO, there are a host of big questions to be answered.
Sept 8- Twitter Inc is testing a "buy" button in some tweets that allows a mobile user to buy directly from a tweet. Facebook Inc has also been testing a "buy" button on its website that will let consumers purchase products that are advertised on its network.
YouTube is still the big gorilla, but news feed has helped Facebook fuel its rapid growth in the video space. Just ask Beyonce's rep. The NYT reports.
Microsoft is showing off the results of its strategic efforts with a redesigned MSN.com. Re/code reports.
By pricing Alibaba's widely-anticipated IPO below market expectations, CEO Jack Ma is seeking to avoid a repetition of Facebook's disaster debut.
Several advisers said they had expected a scramble from clients. But the phone has not been ringing off the hook.