In July, Fab, the online high-design goods store, raised a $116 million Series C round at a $600 million valuation.Like its shoppers, its investors got a really good deal: Fab had initially planned to raise less money at a higher valuation, giving away less of the company to new investors.
[credit provider=”Instagram/kimbrrrrly” url=”http://statigr.am/p/327630573116032104_21752272″] It’s hard to believe another year has passed us by, and one that was just as tumultuous as 2011.Looking back on the biggest finance news stories that held our attention in 2012, we experienced the insane buzz over a tech company going public, a historic presidential campaign and election […]
[credit provider=”NASA/ACS”] From political uprisings to billion-dollar acquisitions, social media packed a bigger punch in 2012 than ever before.While that comes as no surprise considering that social is still snaking its way into every nook and cranny of our lives, it was a pretty fascinating year viewed through the lens […]
Facebook insiders just reported a bunch of new moves with their stocks.
More restrictions on post-IPO sales of Facebook shares expired yesterday, and the SEC filings are flying.
[credit provider=”AP Images”] When people talk about Wall Street taking advantage of unsavvy individual investors, the shorthand is “widows and orphans.”Well, here’s the case of an actual widow striking back at Wall Street.
[credit provider=”Julia La Roche for Business Insider”] Dozens of lawsuits against Facebook Inc , the NASDAQ exchange and various underwriters will be consolidated before a federal judge in New York, who must sort through the legal aftermath of Facebook’s botched initial public offering.A panel of federal judges on Thursday ordered […]
[credit provider=”Joi / flickr” url=”http://www.flickr.com/photos/joi/3122128660/sizes/l/in/photostream/”] In 2005, LinkedIn founder Reid Hoffman invested $37,500 in a budding college-only social network, he said in an interview at the TechCrunch Disrupt conference in San Francisco.That company was Facebook, and at the time, it was worth $5 million.
[credit provider=”AP”] Mark Zuckerberg will have his first public interview since Facebook’s IPO in May at the TechCrunch Disrupt conference in San Francisco.He will be speaking for almost 30 minutes starting at 2pm PST. This appearance is one of the most highly anticipated tech CEO interviews in recent history, due […]
Andrew Ross Sorkin called out Facebook CFO David Ebersman as the man responsible for Facebook’s horrible IPO and tanking stock.
[credit provider=”By: Spencer Platt/Getty Images”] Adam Lashinsky, a senior editor-at-large at Fortune, just laid into Facebook management and employees.Their arguments for why the company had to go public don’t make sense, he writes.
Good morning! Here’s the news:
Good morning! Here’s the news: Facebook’s acquisition of Instagram has been approved by the Federal Trade Commission. Facebook had originally agreed to buy Instagram for $1 billion in cash and stock back in April, but based on Facebook’s current stock value, that deal is now worth $747 million. Citigroup has […]
[credit provider=”valleywagprime via Flickr” url=”http://www.flickr.com/photos/valleywagprime/2360339689/”] Good morning! Here’s the news: Facebook cofounder Dustin Moskovitz has sold off 450,000 Facebook shares in the past week, according to a new SEC filing. Facebook quietly rolled out a new feature that could revive Zynga and other Facebook games: in-game subscriptions. Dell’s second quarter […]
Dustin Moskovitz, one of Facebook’s cofounders, has sold off 450,000 shares of Facebook in the past week, according to a filing with the Securities and Exchange Commission via Bloomberg.Moskovitz sold the shares between August 17-21 for between $19.38-$20 a share, the filing shows.
[credit provider=”Flickr/Jdlasica” url=”http://www.flickr.com/photos/jdlasica/3922694824/sizes/z/in/photostream/”] Good morning! Here’s the news: Marissa Mayer has poached another employee from Google. Andrew Schulte, who worked as a product marketing manager at Google, is joining Yahoo as Mayer’s chief of staff. Marc Andreessen, Fidelity and other early Groupon investors have already dumped the stock. Hulu’s CEO […]
[credit provider=”Flickr/Guillaume Paumier” url=”http://www.flickr.com/photos/gpaumier/6198197321/sizes/o/in/photostream/”] Facebook is finally acknowledging that its employees may be just a little bit concerned about the company’s plummeting stock.According to The Wall Street Journal, Facebook CEO and cofounder Mark Zuckerberg admitted that the stock’s decline is “painful” to watch for some employees during a company-wide meeting […]