Groupon said Tuesday that it plans to cut 1,100 jobs globally over the next year as part of a restructuring of its international business.» Read More
Take a look at some of Friday’s morning movers:
Take a look at some of Wednesday’s morning movers:
Blackberry maker Research In Motion warns of a bleak first quarter, Facebook gets word its Instagram deal may face extended review and Groupon and Salesforce.com make acquisitions, the Rockefellers and Rothchilds unite.
That was quick. Barely a week after going public, options are begin trading this morning on Facebook.
Investors, who have not been spooked by Facebook’s tumultuous market debut, will be able to get exposure to the social networking giant through an exchange-traded fund starting Friday.
If you thought Facebook was a screaming “sell”, could you have shorted its shares on the day of its IPO? That depends on who you ask.
Stocks closed near session lows Friday, with all three major averages posting their worst weekly drop this year, as investors were cautious ahead of the weekend amid fears over the euro zone and euphoria over Facebook's trading debut fizzled.
Take a look at some of Friday's midday movers:
Jim Cramer’s researcher, Nicole Urken, dives into some broader themes when looking at the first day of Facebook as a public company.
The freshly minted tech millionaires and billionaires of Silicon Valley, including those benefitting from Facebook’s IPO today, are selling stock earlier and in larger numbers than previous generations of tech tycoons.
“What's happening now is nothing like the insanity that gripped the market in 1999,” Cramer said.
If the Facebook IPO is to succeed, it will have to overcome a less-than-stellar history of similar technology offerings that started quickly but soon faltered.
Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation's banking system and after Greece's leaders failed to agree on a coalition government.
Mark May, analyst with Barclays Capital, told CNBC’s “Squawk on the Street,” that Groupon’s share price pop is just the beginning for the three-year-old company.
Groupon might be up 17% today, but there are a lot of skeptics on the stock, reports CNBC's Seema Mody. Aaron Kessler, Raymond James senior internet analyst, also offers insight on the trending stock; and the FMHR crew share their trades on Amazon after Credit Suisse upgraded the stock to "outperform."
Mark May, Barclays Capital Equity Research analyst, breaks down Groupon's Q1 earnings beat of $0.02 EPS vs. $0.01 estimate, and explains why he has an overweight rating on the stock.
US stock index futures erased their gains to turn negative Tuesday after Greek party leaders failed to agree on a coalition government, trumping earlier euphoria over a batch of better-than-expected economic news.
Take a look at some of Tuesday's morning movers:
Facebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.
Nearly two-thirds of active stock investors think Facebook is going to be overvalued when it goes public this week, according to the AP-CNBC poll.