Shares in Facebook continued to slide today - to around $32.02 around noon US time after recovering from an early low of $31.51. That brought the loss to almost $6 from the $38 IPO figure two business days earlier.
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United States - 22/05/2012
Facebook shares fell sharply on their second day of trading in New York, down at noon to $33, $5 below their IPO price of $38. They finished last night just three cents higher at $33.03.
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United States - 21/05/2012
It seems no dialogue is out of bounds these days. For National Women's Health Week in the US , condom company Sir Richard's asked women: "What won't you put in your vagina?"
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United States - 21/05/2012
Colin Myler, last editor of the the News of the World , now editor of the New York Daily News, is making headlines today in his posh...
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Many early birds won a ton in the Facebook IPO - but some really missed the boat big time, as the Wall Street Journal points out today. Join them in their sorrows . . .
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United States - 19/05/2012
It was left to the New York Post to really zock it to Facebook after its lacklustre first day on the market.
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United States - 19/05/2012
Facebook's home town newspaper the San Jose Mercury News asked California venture capitalists what they thought of Facebook's share price finishing just 23 cents over the opening $38 IPO figure. This is what they said :
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United States - 19/05/2012
It's been a week for pundits pontificating about newspapers. I don't how many have actually worked for a successful paper, but the...
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Facebook shares ended their first day on NASDAQ yesterday at $38.23… less than a quarter-dollar more more than their $38 starting point.
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United States - 18/05/2012
People wondered if 81-year-old Warren Buffett, probably America's most respected investor, was joking when he started talking up the panic-stricken newspaper industry.
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United States - 18/05/2012
Despite that putdown for Facebook yesterday from car giant GM, saying it was pulling out of paid advertising, the other American car giant Ford is taking a different tack - and will be spending MORE on the social network.
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United States - 16/05/2012
You would have to be in hibernation here in the US to have missed the flood of TV commercials extolling the glories of the pristine ...
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In a blow to Facebook's hype days before its IPO, American car giant General Motors has decided to stop advertising on the social network.
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United States - 15/05/2012
The CEO of Yahoo! sensationally quit at the weekend over errors in his resume. Scott Thompson, 54, had been less than five months in the new job , having been wooed from Paypal.
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United States - 14/05/2012
Could Facebook's $1 billion fast purchase of Instagram, the photo-sharing app firm, be delayed by six months or more? The question arises because America's Federal Trade Commission may have opened a probe into the deal, announced in April, to... Read more
United States - 11/05/2012
This week, General Motors announced its highest profits in the automotive company's 103 year history, just two years after the company...
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