Jesse Bergman
CNBC Producer
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Facebook has seen a frenzy of demand in the run-up to its initial public offering. 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.
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The Facebook CEO vocally and repeatedly condemned Aaron Sorkin and David Fincher’s film “The Social Network,” which portrayed him as a somewhat petulant, self-absorbed, shallow, and at times simply obnoxious prodigy. Despite all that, the film is actually helping his reputation dramatically, according to a new AP-CNBC poll.
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Facebook is staring down some unnerving obstacles when it comes to key areas of monetization and growth: public distrust and display advertising apathy.
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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.
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A deep and prolonged slump in natural gas prices has thrown much of the industry’s largest produces into a state of panic and turmoil. As prices have fallen, so have stock prices — with shares of natural gas giants like Chesapeake Energy spacer, Devon Energy spacer, and Encana spacer have fallen twenty-plus percent over the last year.
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Facebook’s highly-anticipated final private market transaction has priced on SecondMarket at a price of $43.50 (a record for the private market exchange), according to people familiar with the trade. That final trade values Facebook at roughly $109 billion.
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Zynga is preparing to sell additional shares to the public as part of a secondary offering, according to people familiar with the situation. The online gaming company could file deal paperwork with the Securities and Exchange Commission as early as tomorrow, these people added.
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Wall Street’s dogma has long been that grueling hours would be matched with job security — and a fat paycheck. That’s what led Tristan Walker to the trading floor. The 27-year-old grew up on welfare in Queens, N.Y., in the shadow of Manhattan’s towering skyline. The promise of being able to get rich quick was Wall Street’s lure.
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Just how historic is Facebook’s IPO compared to other internet-related deals? Find out.
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While the clearing of all Facebook private market trades has been halted for three days, the market continues to operate on an as-normal basis and has not seized up as earlier reports indicated, according to people familiar with the matter.