E3 is usually the videogame industry's big party of the year — a chance to celebrate its strengths and showcase the titles it expects to drive sales forward for the rest of the year. But as the game makers gather for this year's event, a cloud hangs over the soiree.
James Gorman, Morgan Stanley chief executive, has defended his bank’s performance as lead underwriter on Facebook’s public offering, despite waves of criticism from investors and a potential legal review of the deal’s marketing, the Financial Times reports.
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Facebook raised the roof off Wall Street with its initial public offering, which had a target valuation on the social-media giant as high as $104 billion. To see where Facebook’s IPO stands now, here are some questions and answers with updates as they happen.
The stock sank without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday.
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.
In case you haven't heard, orders to buy or sell prior to the stock opening did not get confirmed for hours.
Facebook set a record for volume on its first day of trading, but the stock otherwise failed to live up to all the hype.
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.
Check out which companies are making headlines after-the-bell Thursday:
A few hours before the oversubscribed, wildly sought after Facebook shares are priced for the company’s public debut, Max Wolff, analyst at GreenCrest Capital, said buying in now is like “buying a lottery ticket.”
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.
There’s been a lot of talk about Facebook’s valuation, but the real question behind that valuation, is how Facebook makes money and what its prospects are in the future.
When Activision Blizzard’s long-awaited Diablo III went on sale at midnight, it had already broken sales records. Once players got their hands on the game, they also overloaded Activision Blizzard's servers.
Facebook likes Zynga – a lot. While the social game maker endured some close scrutiny during its IPO because of its reliance on Facebook, the relationship is actually more of a codependent one -- and Facebook will be the first to admit that.
Which stocks are getting "twitter" chatter? CNBC's Seema Mody reports shares of Zynga are up 5% ahead of Facebook's IPO. John Frankel, ff Venture Capital, also discusses what investors could miss if they don't pay attention to the firm's initial public offering, calling it the "content revolution."
The Facebook gravy train is a long one – and some of the people who will benefit from the initial public offering are ones you might not expect.
With its public company debut just a week away, Facebook is considering several different scenarios for its opening bell festivities, according to people familiar with the matter.