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.
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.
Facebook is staring down some unnerving obstacles when it comes to key areas of monetization and growth: public distrust and display advertising apathy.
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.
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.
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.
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.