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Current DateTime: 04:37:17 25 May 2012
LinksList Documentid: 46130419
  • Citigroup's Automated Trading Desk (ATD) had trading losses of around $20 million stemming from Facebook's botched IPO offering on Nasdaq OMX Group's U.S. exchange, a source with knowledge of the situation said. » Read More


Current DateTime: 04:37:17 25 May 2012
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Expiration DateTime: 5/25/2012 4:39:01 PM
  •  
    Wednesday, 16 May 2012 12:16 PM ET
    By: Ed Keller and Brad Fay

    Add Friend Facebook
    Source: Facebook.com

    The highly anticipated initial public offering [cnbc explains] by Facebook’s marks the coming-of-age for online social media.

    Facebook’s [FB  Loading...      ()   ] value has been pumped sky-high by marketers in the US and worldwide who are flocking to online social platforms like Facebook to capitalize on the opportunity to leverage consumer relationships to sell their products and services. 

    But this period between Mother’s Day and Father’s Day is an appropriate time to let marketers in on a secret. The amount of brand conversation taking place on Facebook and other social networking sites is a drop in the bucket compared to the real world conversations between parents and kids, spouses, friends, and with colleagues at work. And the impact of these real world conversations is considerably bigger, as well.  » Read More

  •  
    Wednesday, 16 May 2012 12:13 PM ET
    By: Chris Morris, Special to CNBC.com

    Facebook
    Bloomberg via Getty Images

    I never expected to have to go to the police because of Facebook.

    I'm an avid user, checking in multiple times per day, but like most people, I thought of it as a lark—a place to let friends know about minor achievements and grievances, share pictures, and reconnect with acquaintances. And it was – until someone threatened my then three-year old daughter.  » Read More

  •  
    Wednesday, 16 May 2012 12:08 PM ET
    By: Peter Kim and Dion Hinchcliffe

    Facebook
    Brendan Smialowski | AFP | Getty Images

    When Facebook becomes a publicly traded company in the very near future, the financial event will be remembered for many reasons, but we view it as a watershed moment in the evolution of social business.

    Six years ago, we took an industry analyst briefing from Mark Zuckerberg to discuss some “big news”: Facebook had secured $25 million in funding; mobile access was now available, and “Facebook Alumni” was being launched acknowledging that many users would soon graduate college.

    At the time, the site had 7 million registered users, and some wondered if the company would survive the shift from being a niche community for students to an open-registration social network for the general public, moving into direct competition with the industry-leading juggernaut: MySpace.

     » Read More

  •  
    Wednesday, 16 May 2012 12:04 PM ET
    By: Richard Beales

    AP

    It’s the capital markets event of the year.

    But anyone wanting to buy stock in Facebook’s imminent initial public offering needs unwavering faith in the vision of Mark Zuckerberg, the social network’s founder.

    There’s no doubt that Facebook, like Google [GOOG  Loading...      ()   ] before it, is breaking new ground with a potentially hugely influential use of the increasing interconnectedness of the world.

    And an IPO that values Facebook [FB  Loading...      ()   ] at anything near $100 billion – raising more than $10 billion from the sale of new and existing shares – would be notable beyond the pleasing roundness of the numbers.
     » Read More

  •  
    Wednesday, 16 May 2012 12:02 PM ET
    By: Reuters

    Samsung has become the world's largest cellphone maker, while overall sales of mobile phones fell 2 percent in January-March after 10 straight quarters of growth, research firm Gartner says.

    Jung Yeon-Je | AFP | Getty Images
    Samung flag flies in Seoul

    The global decline stems from Chinese buyers holding back purchases in anticipation of new models and economic uncertainties weighing on developed markets, Gartner said Wednesday.

     » Read More

  •  
    Wednesday, 16 May 2012 10:10 AM ET
    By: Andrew E. Kramer

    With his droopy eyeglasses and boxy suits, Alisher B. Usmanov is at no risk of being mistaken for a Silicon Valley venture capitalist. But the Russian steel tycoon is poised to make billions of dollars from the initial public stock offering of Facebook this week — in the same league as many of that social networking company’s early backers.

    Mr. Usmanov, an industrial and media magnate who has demonstrated a keen ability to take advantage of the opportunities that appear in a financial disaster, is reaping the rewards of an ambitious bet on Facebook made amid the global economic recession in 2009.

     » Read More

  •  
    Wednesday, 16 May 2012 10:10 AM ET
    By: Edward C. Baig

    Bing homepage
    Source: bing.com
    Bing homepage

    In the real world, when folks decide where to eat, what to buy, which movie to go see and so on, they frequently seek the recommendations of friends and so-called experts. Three years after launching its "Decision Engine," Microsoft[MSFT  Loading...      ()   ] is overhauling Bing to make its online search engine more social. Though it's taking a different path, Bing's strategy resembles that taken by rival Google[GOOG  Loading...      ()   ], still the dominant player in search.

    As part of the new Bing, people you know, and in some cases, strangers, are more prominently featured in the decision-making mix that includes Facebook and other networks.

     » Read More

  •  
    Wednesday, 16 May 2012 9:53 AM ET
    By: Brett Molina

    iPhone 4S
    Michael Nagle | Stringer | Getty Images News

    Could the next iPhone finally boast a larger screen?

    According to The Wall Street Journal, Apple's Asian suppliers will start producing screens measuring 4 inches diagonally, up from the 3.5 inches featured on the smartphone dating back to its 2007 debut.

     » Read More

  •  
    Wednesday, 16 May 2012 9:45 AM ET

    Facebook has seen a frenzy of demand in the run-up to its initial public offering.

    Facebook
    Brendan Smialowski | AFP | Getty Images

    On Monday, the company increased the price range for shares, and 24-hours later, said it would be upping the size of the deal by roughly 25 percent.

    It’s presenting some holders with the classic conundrum: stay in, or cash out. As more shares will be sold to the public, it’s given some investors a chance to liquidate sizeable portions of their holdings.  » Read More

  •  
    Wednesday, 16 May 2012 3:13 AM ET
    By: Reuters

    U.S. sales of two new smartphones from Taiwan's HTC will be delayed due to a patent dispute with Apple, a fresh blow to the company as it tries to turn around declining sales in what was once its largest market.

    2010 CeBIT Technology Fair
    Getty Images
    A visitor examines an HTC smartphone at the Vodafone stand at the CeBIT Technology Fair in Hannover, Germany.

    Shares in HTC tumbled more than 6 percent after it said shipments of the phones were being held up by U.S. customs officials.

    Apple [AAPL.O  Loading...      ()   ] scored a narrow victory against HTC in a patent lawsuit in December over technology in the smartphones, one of many such disputes in the fiercely competitive smartphone market.

     » Read More

  •  
    Tuesday, 15 May 2012 8:23 PM ET
    By: Kate Kelly

    Facebook plans to increase the size of its IPO by 85 million shares, says someone familiar with the matter, a move that could value its upcoming offering at as much as $18.5 billion.

    Facebook
    Scott Eells | Bloomberg | Getty Images

    The social network’s 25% upsize plan will be filed with regulators at the U.S. Securities and Exchange Commission Wednesday morning, this person said.

    Facebook’s expected move takes the size of its new issue from roughly 340 million shares to roughly 420 million, a change that, combined with the greenshoe – additional shares that could be sold by bankers in the aftermath of the IPO – could value the total deal at nearly $20 billion.

     » Read More

  •  
    Tuesday, 15 May 2012 3:47 PM ET
    By: Reuters

    Facebook founder and CEO Mark Zuckerberg
    Getty Images
    Facebook founder and CEO Mark Zuckerberg

    General Motors will stop advertising on Facebook, a move that comes during the same week the social networking website is due to go public.

    The U.S. automaker confirmed a report by the Wall Street Journal. A source familiar with the automaker's plans said GM's marketing executives decided Facebook's ads had little impact on consumers.

    GM [  Loading...      ()   ]said it will still have Facebook pages marketing its vehicles, but it will drop use of paid ads. Anyone can create a Facebook page at no cost. GM pays no fee to Facebook for its pages, which allow the automaker to reach consumers directly.  » Read More

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The Facebook IPO


Current DateTime: 04:37:19 25 May 2012
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  • Complete Coverage

      Get up-to-the-second breaking news on the Facebook IPO, including in-depth coverage, expert analysis, and Facebook’s stock price.


CNBC Webinar


Current DateTime: 04:37:19 25 May 2012
LinksList Documentid: 47295468
  • Inside Facebook’s Money Machine

      How does Facebook make money, and what are the risk factors it lists for its initial public offering? See CNBC’s Julia Boorstin’s May 3 webinar presentation.



Technology Editor


Current DateTime: 04:37:20 25 May 2012
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  • Cadie Thompson

      Editor of CNBC.com's Tech Section, always plugged in and yet also wireless.


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